Some good lobbying by nzo. HHG and the other Broker (sorry cant remember there name) both gave a valuation on nzo in the month that the options were due to expire.
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UU
Thats the sort of comment I would expect from the Greens....I suspect they dont have a clue as to why there is a flare. Plug it and the whole of Umuroa will be shut down. :eek:
A pipeline over to Maui, possibly but very expensive. Unfortunately (in this case) it is a by product of the well stream fluid separation process.
The oil industry looks great from my front and back windows :D Can only continue to get better.
Oiler
Oiler
4 broker reports within 2 months suggesting a fair price of around $2.
Including 2 of the big full service brokers. Lets hope they have this one right.
But lets also look at the anti-lobbying.This flaring has been going on for a while now but with two weeks to options arrangings needing to be finalised we have a hororable member of paraliment wanting to close it down.Part of me wonders if there is a Greymouth link here.Tui is a smashing success and for the jeolous types a negative has to be found.
In the long run it could end up a double positive for the joint ventures. If we pumped it back into the well it would keep the pressure up and when the oil is all gone[100 m barrels later] we end up with a gas field.It might well be worth thinking about.
I think this might be a situation were one of these clipped on the side of Umuroa?
http://www.synfuels.com/technologyUpdate.html
Digger we have similar thoughts..
Press having a go at NZO....lobby groups on board......hard to prove but it has all the behavioural signals of an influential entity or group wanting in on NZO at the lowest price possible...
the timing is right ....2 weeks before options convert ..oil market in a state of flux....rumour mill activated....negative press (re: environment) + one MP on board to add political uncertainty.
We may have to put with all sorts of skulduggery between now and the end of the month.
Hmmm......these signals.....might ask Tricia for my shares back ;););)
The oil industry looks great from my front and back windows Can only continue to get better.
Oiler
Oiler, hope the back window view is in relation to previous postings re ensco 107
M
They can't pump it into the well!!! That is why they are flaring, because their re-injection and gas lift capacity is obviously at the maximum, they are flaring the excess. The only way to cut back on flared gas would be to throttle flow rates....
They would need further gas compressors to deal with this and possibly more flow lines to probably another gas well that would need to be drilled.....$$$$$$$
Oh dear.....Quote:
I think this might be a situation were one of these clipped on the side of Umuroa?
http://www.synfuels.com/technologyUpdate.html
I view brokers report abit like my dog's poo in the garden. Great for the plants, but consumption is not recommended. The only good analyst reports worth looking at are the ones from Aussie who specialise in oil and commodity stocks.
I recall all the brokers had a valuation of $1.30 on PRC knowing the coal price was settled at $300/400 per ton... LOL