Originally Posted by
Monkey Poms
Consider this, anyone interested in putting some numbers to the following scenario, should it be possible for Zeta to purchase the outstanding shares in NZO at the current share price level and then applied the following:
Sell off the Kissarian asset.
Abstain from future drilling of speculative oil wells.
Reduce office space and cut employees to the absolute minimum starting from the top.
Sit back and rely on the ongoing income from the Tui & Kupe wells.
My back of an envelope numbers, hope someone has the time to fill in the the missing line marked with a ?.
$330,000000 NZO capitalised.
_ 57,189000 Proportion of NZO shares Zeta currently own 17.33%
= 272,811000
_ 180,000000 App cash held by NZO in the bank and stock
= 92811000 balance the amount Zeta need to recover to practically own the company for free.
( ) ? Value of sale of assets Kissarian, PPP shares, etc together with the future revenue from Tui & Kupe NZO now own a larger share of the revenue from Tui compared to previous years.
extra revenue from the gas royalties from Kupe, add as a guess the amount spent shown on NZO last accounts spent on drilling dry wells.
After the sale of assets,and the revenue from Tui & Kupe, the question is how many months would it take to pay off the balance allowing Zeta to have Tui & Kupe for free.