Prepare for Gastronomical proportions
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Prepare for Gastronomical proportions
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How many loose NZO shares are there out there after deducting majority stakeholders ? ;)
Can't be all that many of the 164 m issued on the loose & bound to be tightening
as the smart money starts to awake to things .. with SP creeping north ;)
From 2020 FY Report
OG Oil & Gas - 114.8 m = 69.86%
Total - Top 20 Holders - 133.9 m = 81.43%
Remaining Holders - 30.5 m = 18.57 %
She looks tighter than HLG's Share Registry & everyone will be well aware of what happens when
the spotlight goes on - should extremely favourable news come out .. ;)
Factor in Aussie punters potentially also looking at what's going on & what may occur if the Drilling turns up positive things ? ;)
Certainly volume has been steadily increasing for the last 6 months. 72898 shares traded yesterday compared to a few hundred on some days earlier in the year. Could be the usual pre drill punters, or someone with more serious plans.
If Ironbark does not succeed, I vote we liquidate.
Like your sense of humor MISTY TEA
I agree. Either liquidate or OGOG offer us a price based on a theoretical liquidation price and then they can keep the business if having NZO is still good for them based on whatever their plans are for this part of the world.
The only way I would possibly not want to liquidate is if they are able to purchase this amazing producing asset at a great price like they have been saying they will for the last two years.
No point speculating on the worse.
You will feel excited if you look at the success of deep water GAS and what BP is achieving
eg this one is at 2000m water depth-
https://www.worldoil.com/news/2020/1...d)%20in%202021.
Shame to see OMV dropping East Coast/Wairarapa (PEP 57073) and Canterbury (PEP 50119) permits. OMV (and Shell for a bit in the middle) have worked the Canterbury block since 2007 when it was first awarded.
Long hard slog so disappointing it was finished with a dry well.
There is now no doubt that Beach and NZOG permits in the area will be relinquished.
You must be referring to this: https://www.odt.co.nz/news/dunedin/m...-partners-quit
Yes, Barque and Toroa are goners now. Final nail in the coffin.