Quote - “If NZOG can get another 5 to 10% at a lowish realistic...

Quote - “If NZOG can get another 5 to 10% at a lowish realistic price then great, but to take the 31% would be foolish.”


Hello, Dargie and EL


Refer to NZOG’s website – the KUPE - “The Investment Decision was made in June 2006 based on a budget of NZ$980 million. The project was expanded in scope and was not immune from international industry cost pressures. The final development cost was approximately NZ$1.3 billion. NZOG’s share of the development was approximately NZ$200m.”


This is Kupe’s development cost, not including its 2P reserve.

So, what prices you would recommend NZOG to pay for even 5% or 10%?


Thanks and regards
chc