nzo more potential earnings/share, page-3

Lash , Its almost certain NZO will have 3 seriously productive income streams from 2006.

1. Kupe Gas
2. Pike River Coal
3. Tui Offshore Oil

Possible also Mangatoa Gas Elephant may chime in also.

Given the cash they hold currently ($17m) plus options conversion next June ($40m) they are set for development costs on these projects so NO further dilution ... imo.
Also $40m of accumulated tax losses to 'monetise' , and some more nice acreage offshore Taranaki to explore next year.

Agree they are 2 years behind AWE... which I first bought in Sept 03 at 62c and still hold !

Holding NOG also ... can see $2/share in 12~15months with virtually NO downside from these levels.

Cheers,

SALTY