Are you privy to some inside info Notie?
If a well costs 30m GBP, thats obviously 100%.
So a 10% share is only 3m GBP, about $6m NZD
And maybe with all the experience there, better than 1 in 10 odds ???
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It's Notie so hardly worth responding to - but for the record, NZOG is not currently reviewing any North Sea opportunities.
can i LIKE Chris Robert's post?
today I bought all the shares traded on asx, 30,000 of the little suckers
swapped for 150,000 kas with spending money left over.
M
Nice work nzog bailing out Pike to the tune of another 25 million. I guess the nzog investors are happy to see the war chest being used to prop up a failing coal mine.
This doesn't leave much to buy any other E&P assets.
going nowhere fast
PRC is just coming into production and this money is only lent untilt the end of the year earning 13% + 600k establishment fees .. a lot better than sitting in the bank at 4%.
if they actually can pay it back dependent on getting another facility from another lender before the due date.