To sum it up, NZO will still be a fundamentally good buy at current prices if oil goes back to $100.
1. Tui - $1m day in cash, this field has outperformed expectations by far.
2. Kupe - Stable income for the next decade starting 2009.
3. Pike -Worth $3 a share possibly, NZO holds 31%.
Really depends on the price of oil. If oil goes into a medium term downtrend back to 60, I don't think any oilers will perform.