I meant shares on the market. You cannot take a reasonable bite without increasing the share price 50%
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I meant shares on the market. You cannot take a reasonable bite without increasing the share price 50%
From Aust:
eg NZO ?? Big Oil’s climate defeats deepen risks for Australian producers (to sell assets etc)
https://www.smh.com.au/business/comp...27-p57vl4.html
Could this mean NZO ending up with stranded gas assets?
Maybe better to simply cash out the company instead?
Oh, I'm greatly in favour of cashing up, Dave. I suppose management are not. It would never pass on a vote, but I am convinced it's the best thing for minority shareholders now. Sell up while it's still worth something, I say.
Digger, you are still a substantial shareholder, do you have an opinion?
the idea we are all just going to survive on Windmills and EV/s is deluded ... Big Oil wouldn't be Big oil if there wasn't major demands of O&G this isn't going to be replaced in the next couple of decades ... doesn't matter how much the pinheads talk up EV's only future ...
we have just purchased are second new ICE 4WD ... will last us for the next decade ...And I'm sure thats the same for 90% of new Auto buyers ... also our house has Gas fire,water,hob .... we aren't planning on replacing ... so as long as Rockgas supplies we keep buying like many millions across the world ...
this whole transition to clean energy only has no real basis of facts but pure talk with very little action.... yes Volvo talk up no ICE engines by 2030 .. lets see them walk the talk
So we get an overwhelming vote to go ahead with Amadeus gas fields, SP drops.
http://nzx-prod-s7fsd7f98s.s3-websit...429/348842.pdf
Would have preferred the certainty of wind-up myself and cash in the bank.
Supposedly not getting a dividend for about 3 years - so the capital gain had better be good!
Thoughts from anyone who listened in at the meeting?
I listened. It's really now about OGOG using NZO as a piggy bank to fund projects in other countries. Wind up was never on the table.
Can't see the need for expensive local staff now with all the major action in Aus. and elsewhere.
Close the local office and skeleton staff can work from home..?
Dead money for years ahead.
Melliferous , ive never seen anyone use this word in business ever, very impressed except he spelt it wrong. Lots to like with all but guaranteed buyers of the Gas.
The increase in our 2P reserves and contingent resources is considerable.
This acquisition will add 14.5 million barrels of oil equivalent to our 2P reserves boosting them nearly 5 times, and another 8.6 million to our 2C resources. Significant volumes of unrisked prospective resources round out the picture. All the usual context, details and disclaimers apply, and you should read the resources and reserves compliance statement in the Notice of Meeting.
"This increased production creates an immediate impact on revenues and profit. These figures are based on our due diligence, are unaudited and subject to many variables such as: performance of the assets, future costs, the gas prices achieved, as well as the timing uncertainties of development work and completion of the deal.[/FONT]
As 1922 Nobel Physics prize winner Niels Bohr once said, “Prediction is very difficult, especially about the future.”
In our base case, we estimate our consolidated revenues to nearly double. With further uplift the following year as the development volumes kick in."
That’s on top of our other activities, including Kupe, Mahato, Sampang and Maari.
[QUOTE=Joshuatree;892012]
In our base case, we estimate our consolidated revenues to nearly double. With further uplift the following year as the development volumes kick in."
That’s on top of our other activities, including Kupe, Mahato, Sampang and Maari.
Well that sounds very good, was already resigned to put it into the bottom draw for my G/Grandchildren.