Canterbury Basin and Gt Southern would be massive cash burners. NZO could blow a massive stack of its cash in no time on these. Canterbury Basin is of questionable prospectivity IMO.
I would avoid both of these areas.
Pity they do not have further reserves they can develop.
CUE energy is the next NZO IMO-but bigger.
Huge reserves to be progressively developed one project at a time-Maari-Manaia-Oyong gas-Wortel gas etc with plenty big prospective wildcats along the way.
Would they not be better buying another company lacking cash to develop prediscovered assets than gambling on discoveries in sparsely explored and expensive areas?
cost of canterbury basin, page-6
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ECH (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
36.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $81.74M | |||
| Open | High | Low | Value | Volume |
| 36.5¢ | 37.5¢ | 36.5¢ | $1.964K | 5.374K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 199 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.0¢ | 45040 | 1 |
View Market Depth
| Last trade - 14.05pm 04/09/2024 (20 minute delay) ? |
| ECH (ASX) Chart |