NZO 2.60% 39.5¢ new zealand oil & gas limited

In fact, Oil And Gas Singapore own 71% and effectively control...

  1. 8,355 Posts.
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    In fact, Oil And Gas Singapore own 71% and effectively control both NZO and CUE.
    This removes a lot of stock from the trading pool, leading to low liquidity, and also removes any potential takeover premium. Hence, both companies have traded below fair value for a long time without attracting significant interest.
    Fortunately, the only way Oil and Gas Singapore can extract any value from either company is by paying dividends, which also flow to minority shareholders.
    Hopefully, going forward, they keep paying dividends on a regular basis or take over both companies completely.
    I am also excited about the Perth Basin drills. Has the potential to add $100-200 million to the share price if they prove up another West Erregulla/South Erregulla/Lockyer Deep/Waitsia.
 
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Last
39.5¢
Change
0.010(2.60%)
Mkt cap ! $88.46M
Open High Low Value Volume
39.5¢ 39.5¢ 39.5¢ $885 2.241K

Buyers (Bids)

No. Vol. Price($)
1 4 38.0¢
 

Sellers (Offers)

Price($) Vol. No.
39.5¢ 30000 1
View Market Depth
Last trade - 10.52am 28/06/2024 (20 minute delay) ?
NZO (ASX) Chart
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