I too almost gave up, but had felt that had reached the floor at the low 40's, especially given the cash backing and CUE holding. Glad I've held on to my XS holding to recover a little of the losses since Ironbark.
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I too almost gave up, but had felt that had reached the floor at the low 40's, especially given the cash backing and CUE holding. Glad I've held on to my XS holding to recover a little of the losses since Ironbark.
Quarterly cashflow and activities report - NZX, New Zealand’s Exchange
$4.2m in admin for the quarter......
MAY21 IEA - CALLS FOR A HALT ON ALL NEW O&G DEVELOPMENTS
OCT21 -OPEC MUST LIFT OIL PRODUCTION LEVELS NOW!!!
https://twitter.com/equivestinvest/s...154947/photo/2
BP-PRESENT OIL DEMAND HAS REACHED 100MMBOPD (BACK TO PRE COVID LEVELS)
Uses I'm sure will blow many a Greenie anti O&G mind >>>everyday everyone uses products made or shipped by Oil Gas etc...
https://www.capp.ca/oil/uses-for-oil/
the Anti OIL crowd are as nutty as the anti warming crowd so your'd like it to be cooling towards another ICE age ??
Got to be a decent amount of revenue....?? Struggled to find the cost of gas in Oztrayla.
New Gas Supply Agreement - Amadeus Assets - NZX, New Zealand’s Exchange
New Zealand Oil & Gas is pleased to confirm it has entered a new gas supply agreement for supply of gas to Northern Territory’s Power and Water Corporation via a back-to-back agreement with Macquarie Mereenie Pty Limited.
The agreement will commercialise a portion of the increased production made available by the recent Mereenie development campaign, which saw two new production wells drilled and four existing wells recompleted. It will extend the period of production under contract.
New Zealand Oil & Gas’s gas will be aggregated with gas from Macquarie Mereenie, Cue Energy and Central Petroleum to supply a total of 12.6 PJ over 4 years, commencing 1 January 2022.
Andrew Jefferies commented “this is a great outcome, with the new agreement selling uncontracted gas at a price consistent with our expectations when buying the assets”.
Amadeus Basin Update - NZX, New Zealand’s Exchange
20/12/2021, 11:54 amMKTUPDTEMereenie: -
The operator of the Mereenie joint venture, Central Petroleum Limited (ASX:CTP) (“Central”) has advised that a coil tubing unit is being mobilised to site in January to further improve production from a number of wells including some of the previous development campaign wells.
The planned programme is aimed at improving downhole well conditions with post 20prox. 35 TJ/d (Gross) level for Mereenie. We continue to monitor ongoing well performance across the field and will update reserves and production data as and when material new data is available.
Palm Valley and Dingo –
Planning continues for the previously announced Q1 2022 Palm Valley and Dingo exploration well programme.
The Ensign Rig 963 has been contracted by the permit Operator (“Central”) to drill Palm Valley -12/12A and Dingo-5 in the Amadeus Basin. The Rig is expected to begin mobilizing to the Palm Valley wellsite in late January 2022, with an anticipated spud in mid-February 2022. The Dingo-5 well will be drilled back-to-back with Palm Valley-12/12A.
The Palm Valley Operator (“Central”) has also advised that the existing Palm Valley -13 well continues to outperform expectations, with a slower decline than anticipated.
New Zealand Oil & Gas has a 17.5% interest in the Mereenie License, and a 35% interest in both the Dingo and Palm Valley Licenses; Cue Energy Resources has a 7.5% interest in the Mereenie License, and a 15% interest in both the Dingo and Palm Valley Licenses; New Zealand Oil & Gas owns 50.04% of Cue Energy Resources.
“It is good to be part of ongoing activity in the Amadeus fields”, says Andrew Jefferies CEO”. We are glad to see the rig contracted and look forward to the drilling campaign at Palm Valley and Dingo. There is a continuing work program at Mereenie to unlock the value there, and the coil tubing campaign is a logical next step in that process, as we digest the results of the development campaign as previously reported, and ongoing production.”
MAHATO PSC UPDATE – PB-08 PRODUCTION WELL ONLINE - NZX, New Zealand’s Exchange
4/2/2022, 2:30 pmMKTUPDTENew Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an update that oil production well PB-08 in the Mahato PSC, Indonesia, has been successfully drilled and completed and is producing an average of approximately 600 barrels of oil per day (bopd).
The update release is attached.
Cue has a 12.5% interest in the Mahato PSC. New Zealand Oil & Gas has a 50.04% interest in Cue.