Let's not forget the total shares on issue has increased by 114 million, so their % holding would have halved without them buying more shares or converting options
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reading an old report on crown minerals site last night re kupe and it shows hydrocarbon migration from north to south.
how far south is anyones guess, but momoho is south of central field.
sure kupe 5 is further south, but maybe [hopefully] the hydrocarbons did not make it that far in quantity and kupe 5 represents spill oil from the momoho structure.
now that options out of the way it would be nice if nzo could provide a more detailed expectation at momoho - something that they could not do at time of spudding due to the options restrictions.
read on this thread that the drill is testing both sides of a fault, but can't recall anything from nzo in that regards
M
World economy turns investors from NZ
http://www.nzherald.co.nz/section/3/...ectid=10519465
Not great news except for the following 2 extracts
"Skyrocketing oil prices, however, were good news for New Zealand Oil and Gas, which posted a gross return of 11.9 per cent for the month, the best performance among the market's top 50 stocks."
and
"Bucking the trend, the NZX Small Cap Index was up by 4.7 per cent, but this was entirely due to the index's largest stock, Pike River Coal, surging 133 per cent over the period."
Be interesting to see if there are new significant holders post the options.
Let's hope mate, something to keep an eye on anyway. Looks like quite a few retail punters off-loading in the last couple of hours, has just been chipping down on smallish volume. I agree after a week or so we should be clear of any "abnormal" market conditions due to option conversion and subsequent shakeout.
Cheers