Obviously some think so, AWE are up nearly 5% today
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Obviously some think so, AWE are up nearly 5% today
Not a silly question at all. Since AWE has a market cap of $A1331 million, and 50% of the action, you would need to spend $1331/50 million to get 1% of the action, or perhaps $A2662 to get 1 millionth of the action.
With NZO market cap $A455 million and a 10% share you have to spend $A4550 to get 1 millionth of the action.
Both have other assets, but for a pure play on this drill, AWE is a clear winner.
If NZO found Kupe why did they only end up with 15% of it?
Its my understanding that 1 in 10 drills are successfull...has anyone given/considered the odds on this one....more from a pure punting/odds point of view.
Hold AWE NZO
cheers
Logen, Kupe cost over a billion dollars to develop, was it $1.3b at the end? Way too much for NZOG on their own. Oil and gas companies usually "farmout" their interest in fields, spreading the risk and the rewards.
Cheers, seems a shame that you find something and end up with 15% of it. How come PPP didn't get a stake? (Or didn't they want one?)That would have effectively been good for NZO due to their stake in PPP.....another way of them getting more value out of the asset they discovered. Anyone know?
hoki-1 article
http://www.stuff.co.nz/business/3411...to-yield-truth
M
Possibly up to 250 million barrels, it reckons? I recall an article a few years ago about several possible "elephants" off the Taranaki Coast in deep water. They had sheep names like Romney and merino. Does anyone else remember that? I wonder if this is one of these elephant sheep. As the article says, if there's oil in Hoki, it increases the chance of more finds nearby. Another question - does NZOG have interest in nearby permits? I suppose I could look it up.
Price of oil has been edging up this last month. And $NZ down. Latest figures - Tapis US$83.36 and $NZ at 69.7, gives NZ $119.60 per barrel. The Feb average was $110.
Exciting times again!
On the 4th Dez 2009 we received an update on Kupe stating that production will be bedded down within a couple of month. After more than 3 month we do not appear to have any confirmation. What's going on???
What is going on is NOG time,so wait out this couple of months and all will be revealed.If problems were greater than the usual teething startups we could expect to have heard. Be positive --no news is good news. Now time to get excited about this Hoki drill. Probably the snowball's chance but you never know.