Will have to wait & see in the corresponding 1/4 yearly report, what the net taxable profit is on a shipment like that,given the present O/P.
May or may not affect the S/P. either way===???
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Will have to wait & see in the corresponding 1/4 yearly report, what the net taxable profit is on a shipment like that,given the present O/P.
May or may not affect the S/P. either way===???
@ least the shipment has been made when the oil price is higher
M
This news look significant for the profit and loss
166K barrels of oil is worth somewhere north of NZ$15M to NZO. So this on top of the stock they had on hand in March + Kupe + any other shipments must mean the next quarterly will be excellent news.
It will be interesting to see what the production levels out at for Tui going forward.
any one get the feeling that Pateke reserves are going to be upgraded...less water content as the well has settled down
Needs something as share price continues to drift downwards.
drifts down or driven down......as soon as it gets some (tiny ) momentum it goes back down.....zeta will not be happy with 20%........chippie above says 166000 barrels from Tui is worth some $15 million to nzo so what is 27% of the remaining Tui reserves plus Pateke worth ) ( 4 million barrel total and if you and add in Kupe and kisaran and a few barrels from Cue and if Zeta get hold of the remaining 47% of PPP ( who have $25 million in cash on the books ) plus 15% of Tui .....Heck I might buy Zeta instead
Good point. Zeta trading at 36% below net asset value (May Fact Sheet).
I havnt done any in depth research on Zeta-has anyone?
Is it worth considering buying in?