.HALFYR: NZO: Interim Results
24 Feb 2010 09:35 NZX
NZOG (New Zealand Oil & Gas Ltd) has released its interim financial results
for the six months ended 31 December 2009.
Operating revenue for the period was NZ$37.7 million with a net loss after
tax of NZ$6.5 million.
All of the revenue was generated from NZOG''s 12.5% share in the highly
successful Tui area oil fields off the Taranaki coast. The net profit result
reflects the following key factors:
- Slowly reducing production (as expected) from Tui
- Lower average international oil prices
- Exploration write-off of NZ$10.9 million from the Albacore well
- NZ$4.2 million as an apportioned share of Pike River Coal''s reported
loss
- NZ$14.0 million in unrealised foreign exchange losses
- No revenue recognised from the Kupe field.
The unrealised foreign exchange losses arise from NZOG''s large US dollar cash
balance and the fluctuating exchange rate. If the NZD/USD cross rate remains
below 72c it is likely that NZOG will report foreign exchange gains in the
second half.
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Ok, so they should be creaming foreign exchange gains because, except for a few days, we have been under 72c forever
NZD/USD Exchange rate - Historical data:
Date: Exchange rate:
2010-06-23 0.71029
2010-06-22 0.70594
2010-06-21 0.71422
2010-06-18 0.70343
2010-06-17 0.70137
2010-06-16 0.69554
2010-06-15 0.6938
2010-06-14 0.69644
2010-06-11 0.68821
2010-06-10 0.68105
2010-06-09 0.66904
2010-06-08 0.66201
2010-06-07 0.66747
2010-06-04 0.67993
2010-06-03 0.68552
2010-06-02 0.6766
2010-06-01 0.67318
2010-05-31 0.67919
2010-05-28 0.68175
2010-05-27 0.67143
2010-05-26 0.67185
2010-05-25 0.66163
2010-05-24 0.67068
2010-05-21 0.6699
2010-05-20 0.66989
2010-05-19 0.67749
2010-05-18 0.70187
2010-05-17 0.70089
2010-05-14 0.7109
2010-05-13 0.71762
2010-05-12 0.71883
2010-05-11 0.71639
2010-05-10 0.72664
2010-05-07 0.71338
2010-05-06 0.72543
2010-05-05 0.71744
2010-05-04 0.72535
2010-05-03 0.72977
2010-04-30 0.72943
2010-04-29 0.72283
2010-04-28 0.71691
2010-04-27 0.72017
2010-04-26 0.7233
2010-04-23 0.71174
2010-04-22 0.71107
2010-04-21 0.71091
2010-04-20 0.71125
2010-04-19 0.70825
2010-04-16 0.71338
2010-04-15 0.71389
2010-04-14 0.71324
2010-04-13 0.71264
2010-04-12 0.71226
2010-04-09 0.71199
2010-04-08 0.70219
2010-04-07 0.70526
2010-04-06 0.69789
2010-04-01 0.70406
2010-03-31 0.70853
2010-03-30 0.71239
2010-03-29 0.70934
2010-03-26 0.70372
2010-03-25 0.70978
2010-03-24 0.70089
2010-03-23 0.70507
2010-03-22 0.70143
2010-03-19 0.71137
2010-03-18 0.71646
2010-03-17 0.71549
2010-03-16 0.70457
2010-03-15 0.70041
2010-03-12 0.70309
2010-03-11 0.70068
2010-03-10 0.70657
2010-03-09 0.69766
2010-03-08 0.70216
2010-03-05 0.68916
2010-03-04 0.6894
2010-03-03 0.69009
2010-03-02 0.69684
2010-03-01 0.69566
2010-02-26 0.69415
2010-02-25 0.69036
2010-02-24 0.6916
2010-02-23 0.70046
2010-02-22 0.70302
2010-02-19 0.6941
2010-02-18 0.70085
2010-02-17 0.7076
2010-02-16 0.70287
2010-02-15 0.69744
2010-02-12 0.69387
2010-02-11 0.69872
2010-02-10 0.69299
2010-02-09 0.69226
2010-02-08 0.6867
2010-02-05 0.68931
2010-02-04 0.69656
2010-02-03 0.71129
2010-02-02 0.70725
2010-02-01 0.7036