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Chc,I have not run the numbers, but the historical cost is not...

  1. entropylord
    13,963 Posts.
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    05/03/13
    20:01
    Post #: 11500800
    Chc,

    I have not run the numbers, but the historical cost is not really relevant, it is all about the NPV of the remaining reserves, accounting for both their risks and potential upside that matters.

    I really think Dargie is pretty well drumming all this up out of thin air. Plausible perhaps, but where is the substance? And how realistic would it be for NZOG to take the 31%? We could the rename ourselves the Kupe Real Risk oil and gas company.

    EL
    NZO Price at posting: 74.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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