Originally Posted by
fabs
Well as usual the rampers will come out of the woodwork.
On paper and depending on ones limitless imagination, one can unreservedly aggre this MAY BE a marvelous developement.
However like in previous similar occasions Hochstetter, Pike River sanity returns usualy very quick, nothing wrong with the Drill & thrill that we all are presumably in this Co for of course.
Fish to his credit is not far off with his take on his TIME LINE, coinsidering a few realety checks like Availabilety of Drilling Rig supposed to be drilling this year, wich NZOG btw.rates success at 10-20% idealy if nzo retains about 20% == drilling cost would be 30 -40 mil. [est. some years ago total 120 mil.+ } not big considering what they been sitting on at the moment for some years. Deffenitely WELCOME ACTION promised over a long time now. Good thing here is that the they can drill through the 3 Sections in one go.
If the find should be as big as claimed, developing costs could be billions.
Facture in a more than 50/50 chance of a Green led Labour govt. in for 1-2 terms with no J. Key arround, so give your Imagination free range on any time line.
Btw. Should NZOs share be indeed 250 odd barels the mil. of $ profit would take quite some time, but yes POO could of course subst.rise over such a period as an added bonus.
Some investers may very well have been aware of Yesterdays Details well bevore the voting on Kupe & Tui. There is a word for this wich at moment slipped my mind [ grin ]