Hold on - hes no longer the MD - David Salisbury runs the show now; I even heard him at the AGM!
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Hold on - hes no longer the MD - David Salisbury runs the show now; I even heard him at the AGM!
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BHP .... hoping to win a rise in coking coal prices to 145 dollars a tonne for the year starting April 1, 2008 !!!!
Check out details in:
http://metalsplace.com/news/?a=16426
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Go Pike Coking Coal .... GO Tui Oil ..... GO Kupe Gas, LPG and Oil ......... GO NZO !!!!!!!!!!!!!!
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This ex-Taranaki lad took a drive down Inaha Road last night to see the new Kupe production station under construction -- it's being built just over the hedge from the 'runoff' farm that my family used to own when I was a kid and it was a real eye-opener to see the changes that have happened there since my childhood days of feeding out hay in freezing southerly gales. Kind of weird too to see the subject of a share chat forum in real life, which is not my usual experience.
Anyway, there is plenty going on and the foundations are mostly all laid out by the looks of things, with the first of the really big bits of engineering starting to appear too. Action everywhere except with the price of the options, it would seem!
I would be interested to know what value people perceive NZO should be worth at the moment.. (SP)? Also, can someone give me some idea about what "Hector" is?? Without going through the whole thread - I am sure the answer is in there somewhere..
Kiwikid , Hector is a dirty word now in the NZO dictionary. Six months ago it held the hope of being a big oil discovery in Taranaki. NZO hoped to find 60 million barrels and AWE had it as high as 1.2 billion . It drilled dry so we do not talk about it anymore. Hector is now removed from the hopeful drill prospects but i see Hector south is still their.
This drill and thrill is all part of the industry and NZO now with 5 or six dry wells in a row is about average for the industry .
NZO SP is now more than covered in the existing prospects.Most long term investers in this company pay little more than a passing interest in the upcoming drilling near KUPE,although mindful that a discovery will add considerable to the SP. The Sp does not need a discovery for support,being so cheap on fundamentals.
So Hector is a word in the NZO past drilling program. Amen.
[QUOTE=arjay;179286]Hi Bemuda,
What do you mean by 'significant shareholder'? According to the last Ann Report he holds less than 0.5% of the listed share
Correct me if I'm wrong!
page 48 of the annual report states -
Mr R A Radford in respect of 6,330,000 shares and 3,307,452 options
thats 2.4% of the shares and almost 2.4% of the options.
Petroleum and products exports were worth $185m in November, from just $3m a year earlier, with most of the increase from crude oil.
From the November Trade deficit announcement.
http://www.stuff.co.nz/4346638a13.html
Not quite (although well spotted Temuk). Can someone explain how TR can have an 'interest' in 6.3 million shares (P48) yet not be listed on P46 as holding more than 1.25 million shares? I'm not clear on how many shares TR holds in his own right and thus has voting rights for (to help block a possible takeover bid as has been suggested by one poster) or the to recieve dividends or other income from. It is clear though (see P46) that TR owns less of the company as a shareholder than the likes of several others listed including some who post on this site.
TR derives his not-insignificant income (deserved or not depending on your viewpoint) from direct cash payments from the company, and not from anything related to his shareholding in the company - and that's is my point. Bermuda suggests that, as a reasonably big shareholder anyway, TR will be keen to look out for the shareholders for selfish reasons. That's an interesting idea and it will be very interesting to see how fortunes might change for the shareholder once TR and those 6.3 million shares end up listed with the top 20 shareholders.
You've got me beat on that question!
perhaps BWR could come in here?