New Zone Oil Group ....sounds good
Printable View
I think anything with NZ in the name is just going to turn off Aussie investors. Even New Zone - sorry ziggy, it's too close. Australasia - no, most of those Aussies don't know what that is. I'm not too sure about OGOG either - sorry to be so negative, but it doesn't mean much to most people.
I love the idea of some sort of combination of CUE & NZO with some sort of zappy name, but I can't think of one just now.
It's mostly in OGOG's hands anyway and they may well want to add in their Otway Basin assets, who knows.
We've seen OGOG try to get NZO cheaply when Ironbark was a glittering prize and we beat them off. They (naturally) have their own interests at heart, not the minority shareholders. But there's that old saying (Warren Buffett, was it?) that a rising tide lifts all boats.
I really feel (and I know feelings are not meant to come in to investment decisions) that with energy prices strong and likely to remain so, that NZO, CUE and OG are all going to be winners here soon, however the companies are sliced and spliced.
I'm sure some consultants will come up with something, and a new logo only only a few hundred grand, or maybe a mil. :mellow:
Your'd have to be a special kind of stupid not to know what Australasia is .... which is exactly what CUE / NZO are with focus on NZ/Aus/Indo the Australasia region
around tickers I like the idea of number in the mix .. if it was up to me A8A (8 in Chinese Numerology to prosper) .... I know "how can a tickers add any value"!!!!
If anyone thinks tickers don't make a difference ...just go and look what happened with 88E.asx on spec exploration was very over valued to peers (88 ='double joy')
A8G.asx another .... both in the toilet now that reality of muti poor exploration results ... but when they had potentially decent outlooks the SP muti bagged with peer company investors not understanding why ?
IN china many muti floor high rises delete 4 - 13 - 14 floors from their buildings ....stupid I know ..but thats the Chinese ... and going forward the Asian region will be the powerhouse of Growth ...India - China-SE Asia
A change of name is in my opinion not constructive and could be an expensive mistake.
We have seen last week in Australia what happens when the sun does not shine .
The government has intervened and capped gas at $40 but the ghost market is at $80 .
Last year the price was $5.
Netback for NZO has multiplied .
Amadeus,Mozart to our ears looks to be as good as gold and gas is the greenest fossil fuel.
SP still appears to be ridiculously low-I feel the reason for this was the options and a delay in the ASX primary listing (apparently delayed because the ASX process has Covid issues-but will happen soon )
It has just been announced that the ASX primary listing commences next Monday and so with the vast majority of shares being transferred we should see more activity in the market .
Hopefully the palm valley pv12 drill will have hit the target by then .
This is an exploration drill to see if the arumbera sandstone holds gas (we know it does some distance away but as with exploration do not be too disappointed if it does not-will say bugger and then accept the consolation of the lateral appraisal well and insane gas prices)
PALM VALLEY-12 WEEKLY DRILLING UPDATE JULY 12TH - NZX, New Zealand’s Exchange
The Operator (“Central”) (ASX: CTP) and its Palm Valley and Dingo Joint Venture partners New Zealand Oil & Gas Limited (“NZOG”) (ASX: NZO) and Cue Energy Resources Limited (“Cue”) (ASX: CUE), advise that the current drilling program at Palm Valley and Dingo will be revised to defer the Dingo well and evaluate the lower P2/P3 unit of the Pacoota Sandstone formation (P2/P3) at Palm Valley to prioritise near term production into a very strong East Coast gas market.
There are many possible reasons for the lack of trading but suspect the delay in listing on the asx and not notifying all holders that ticked the box to have holdings transferred has a lot to do with it .
The target has been changed in todays annoucement which if successful will enable prompt extraction of gas and capturing the strong prices (gas futures in australia have recently gone to new highs ) by a short lateral through the many vertical fractures .
Hopefully large volumes of gas through high pressure flows