Originally Posted by
Logen Ninefingers
I don't get it....Kupe's out of it's commissioning phase and they have the revenues rolling in from 3 different sources from this project: light crude, natural gas, LPG.
We have PRC, 30% owned by NZO, set to move there next shipment of 20,000 tonnes of coal next month, and after that hit steady state production through the introduction of hydro-mining in the July/September quarter.
So because the drilling program for the summer failed to find oil (so far) that means that the SP should crash and burn? I just wonder if the SP is being manipulated downwards in some way so powerful interests can hoover up cheap shares. The drilling program is just a big smokescreen or justification for an SP slump, but surely the company has never been in a stronger revenue generating position than they are now - they have revenue streams in place for the next 20 years, they don't need to develop a new oilfield asap, this drilling program was just meant to boost their reserves even further.