There are a few good posts on Hot Copper under NZO - two recounts of December 12 investor tour to Taranaki hosted by NZO. Have I been burying my head in the sand (more than A BOLLARD) not to have seen these posted here???
"OGW:Our internal modelling shows the company’s value to be in the vicinity of A$2 per share, although this valuation is contingent upon the high oil prices that are prevailing at present. What do you think the true value of the company is?
DS: We have our own internal modelling and from that we can form a view on what we consider to be the company’s value. I don’t intend to reveal our conclusions from that modelling, other than to say that to even come close to the current share price we would have to seriously reduce our estimates for future oil prices, perhaps to as low as US$40
OGW: Turning to Kupe, we know roughly what benchmark crudes the oil from the Kupe project will sell against, but can you give us an indication of what will the LPG and natural gas sell for
DS: Our natural gas deal is confidential with our contracted buyer, but most observers suggest that the market price in New Zealand sits between NZ$6-7 a GJ at present. LPG sales we would expect to be close to the international LPG spot rate (called Saudi CP) and this can fluctuate a lot, but recently it has been around US$800-900 per tonne."
Gross proceeds for NZO from Kupe approx A $570 million. Our modelling values NZO at A$2.00 a share”
And heaps more. Two recounts and a valuation. There seems to be some basis to the post - very bullish - is it a con, another HC ramp?
DS was certainly doing the rounds before Christmas.