https://nzx.com/companies/NZO/announcements/280240
http://www.odt.co.nz/news/business/3...-savings-drive
Seems sensible.
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https://www.nzx.com/companies/NZO/announcements/280526
So what's this all about?
According to the attachment
643 million barrels of Net, Unrisked oil equivalent Prospective Resources held across
3x Conventional PSCs (53 mmboe*)
2x Unconventional MNK PSCs (590 mmboe)
(a further Unconventional study permit is held and under evaluation)
Can someone translate?
NZO could be alot more helpful to its Shareholders.
I guess its mainly gas and being prospective extraction will depend on cost extraction,risks and market price/long -term contracts etc.
They sound positive about it but are not giving us sufficient information.
I miss the old NZOG. They couldn't find oil if they fell in a puddle of it and management seemed far too focussed on feeding themselves. However, they at least kept us informed. Since Zeta has come on board shareholders appear to have become annoying distractions to be kept at arm's length.
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"They couldn't find oil if they fell in a puddle of it"
Haha thats hilarious arjay, but they do seem to find gas haha,maybe they are full of it.