I sold down my NZO's to invest in a more rewarding and exciting...

I sold down my NZO's to invest in a more rewarding and exciting sector. Coal Seam Gas.VPE, BOW, PES and RPM.

But still hold 100k NZO for sentiments sake and following the recent NZ Petroleum conference ( you can see the Presentation on the NZO website ) I can report that this company is poised for a very bright future.You can almost smell it.

Kupe is a longterm cornerstone project and will now contribute more and more through the condensate stream.I dont like betting on the Momoho outcome but the odds are very good. And so are further opportunities around Tui.

And in Pike River Coal we have another unrecognised gem about to zoom into superstar status when the finalised coking coal price gets announced very shortly. Reports indicate it could be north of $US200 per tonne.

Their is a new confidence about the whole Team at NZO which is opening up doors like never before. I had a long talk to the Directors and David Salisbury at the Petroleum conference dinner.

NZO has a very bright future.

Cheers,
Bermuda