when / if ppp get farm in approval and if oil flows are commercial it will be worth alot of money to ppp. If this comes through for ppp i dont belive nzo will be able to afford a ppp takeover.
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when / if ppp get farm in approval and if oil flows are commercial it will be worth alot of money to ppp. If this comes through for ppp i dont belive nzo will be able to afford a ppp takeover.
well ppp need vietnamese government approval this usually takes a few months. Clearlly ppp have to get approval before they can farm in to the project from premiers stake. Personally the risk is not that great as i belive the vietnamese government doesnt want to stifle forign investment. From the sounds of it ppp have met all of the obligations so far and are simply waiting for approval. Many things still need to be confirmed but they look on the right track.
[QUOTE=notie;261239]Yes conspiracies are great in the E&P sector. just read the book on the GSB about the hunt brothers finding something big down there.....
Many of the NZOG shareholder think the sun shines out the arse of their company whereas most of the oilers think the company is a bit of a joke. Talks the talk, but doesn't walk it.
would most oilers be in the same finnancial position though?would most oilers have 3 income producing streams from 3 different commodities coming into play?would most oilers have a couple hundred million lying around?would most oilers pay a reasonable dividend?would most oilers have a reasonable stake in another oil co that has shot up in price since they brought?maybe most of your oiler buddies have grown tall poppy syndrome lately
[QUOTE=friedegg;261295] Your on to it friedegg.You could have added more.
Way back last August i visted DS at wellington for a small meeting .He did not have much spare time as even then he said there was a stream of good deals coming NZO way that he had to look into. Since then they must have got better and better as NZO monies have increased while all around us money is getting less. So Notie is accidently correct that some people are not saying nice things about us.We did not take up there great offers and have now inhearted their jealousy. Top marks to the managment for taking there time to assess the large pool of deals that money now has. Personally i still want them to hold their horses and wait until all three projects are income earners,as this world finanical crises will not go away soon.In fact the next wave could be a lot worse. The deals might just get better and better.
Notie
We don't know what opportunities NZO have been presented with, do you?
NZO clearly stated they wouldn't be chasing just anything, nor would they be overpaying for any investment.
NZO's best best at the moment would be to get Kupe up & running, & help out Pike River (if required), before they go looking for more action.
There's not alot of quality assets out there, either cheap or available, so why not spend the money within your existing portfolio of leads?
I'm happy to wait a bit longer & see what NZO does, what's everyones rush here?
Having a cash pile & no debt may put NZO on the radar of others, but i suspect not while they still have the PRC holding.
Notie you are increasing sounding like that greymouth CEO that shot his mouth off at Steve Rawson some years ago when he came up for reelection. Began with a presonal attack as you have done {Chris Roberts] and carried on to show he had just enought facts about the industry to twist them. Also never answer a reply to your comments if you do not like the direction it is heading.
For other posters[as you will not reply] your opening line can be said about any company or individual. There will always be info circulating that does not warrent attention. It is the job and requirement of any successful company to get on with stock piling the money and to hell with what the competitors think.
NZO is doing a great job with risk management.More companies getting into finanical trouble all the time and the deals are just getting better.
I understand your jealousy.
An article relating to tuis decline and maari's production
June 17 (Bloomberg) -- New Zealand oil production increased for the first time since 2007 in the first quarter as OMV AG, central Europe’s biggest oil company, started deliveries from its offshore Maari field.
Crude oil, condensate and naphtha output rose to the equivalent of 4.27 million barrels of oil, up 0.3 percent from the fourth quarter, the Ministry of Economic Development said today. Maari started output in late February and produced 420,000 barrels in the quarter, helping to offset declines at the Australian Worldwide Exploration Ltd.-led Tui field.
Maari, 80 kilometers (50 miles) off the Taranaki coast, is Vienna-based OMV’s first offshore project as an operator. Tui and Maari, drilled in 2007, are New Zealand’s first offshore oil projects since the Maui development in 1996.
Production in the quarter fell 27 percent from the same period a year earlier, reflecting Tui’s decline, the report said. Tui produced about a third less than six months earlier, the ministry said without being more specific.
New Zealand’s oil output rose to a record 21.6 million barrels last year, 45 percent higher than 2007 and about 6 percent higher than the previous record in 1997.
I think Notie must have worked for APX :cool::cool: (speculation, not rumour)
Like digger, I'm very happy with the horses currently in the stable, including the dark horse called CASH.