NZ Oil & Gas (NZO)

[Sideshow Bob]

t.....if they pay it straight back out to ECH holders, then that is about 1.5c AUD per ECH share.

Haha no such luck. Announcement just said they were going to receive $3.5m AUD from CUE.

Cash on hand up by $3.5m it is then......

[blackcap]

Haha no such luck. Announcement just said they were going to receive $3.5m AUD from CUE.

Cash on hand up by $3.5m it is then......

Good.

They should not be paying dividends of any kind to NZ shareholders, unless they can attach imputation credits.

[fish]

Good.

They should not be paying dividends of any kind to NZ shareholders, unless they can attach imputation credits.

Not only would a share buy-back on market be tax efficient we would likely see to see a big increase in trading .

[Toddy]

CUE just reported and paying out a 1cps divvy.

https://research.iress.com.au/IDS/ol...091850000&ppv=

ECH have an announcement out re the CUE divvy - just can't see it yet.....if they pay it straight back out to ECH holders, then that is about 1.5c AUD per ECH share.

ECH is all about FY25. The money will come rolling in from increase in onshore Australian assets and the generous fixed price gas Contracts from the Government.
The FY24 accounts will include the Kupe duster and the intermittent NGP disruptions which are now history.

Shareholders cannot complain, we are more than earning returns to cover the cost of funding and are getting a free ride on the drilling program.
At some stage we will hit the jackpot if we keep on drilling at the current rate.

[Sideshow Bob]

https://cdn-api.markitdigital.com/ap...041a0e155a9400

$0.015 dividend not imputed or franked.

nzo.jpg

[blackcap]

Not only would a share buy-back on market be tax efficient we would likely see to see a big increase in trading .

Exactly, that would have been the better outcome. Unfortunately they are paying a dividend.

[Toddy]

The production blocks and sales platform are all go for 25.

Have been a bit unlucky with Kupe and Booth.

The dividends will keep on coming and will easily beat the cost of funding with an entry price of AUD 36 cents.

The dividends tax rate would hurt if you were a high earning PAYE earner. Hopefully as earnings grow then this will open up more options for wealth distribution.

Well done management. This Company has transformed itself and I Iook forward to the future.

[fish]

Exactly, that would have been the better outcome. Unfortunately they are paying a dividend.

The dividend is just the starters,
the main is yet to come
They are committed to improving the sp and a buy back is the only sure way

[Sideshow Bob]

The dividend is just the starters,
the main is yet to come
They are committed to improving the sp and a buy back is the only sure way

Wouldn't OG have to sell into the buyback? Keep the same % holding??

Volumes traded on the ASX are still so thin. Best day has been 125k, and many days under 10k shares.

[mike2020]

Wouldn't OG have to sell into the buyback? Keep the same % holding??

Volumes traded on the ASX are still so thin. Best day has been 125k, and many days under 10k shares.

Trading in CUE is well up on what it was, OGOG are holing a little too much of ECH.