Maari and Manaaia s oil is more valuable since NZ Govts. edict on near-shore licences precludes any new licence as a contribution to slowing global warming. That decision is enshrined in concrete think.
You can forget any new near-shore licences. NZ doesn't have many HCB terrain possibilities so if a big player wants to get into the NZ HCB scheme and wants some decent exposure Maari could have heaps of appeal
A big player could easily look more closely at M and M especially if the M and M owners promulgate the Matariki story. The 38160 licence has a 3rd leg -Matariki.v
Matariki is a massive play so needs a big player to make a 1-hole attempt and the NZ situation is one of shortages of approvable prospects.The similarity of the 3 Ms is a big attraction. Doubling the 2 Ms reserves would attract a LOT of attention internationally.
CUE Price at posting:
6.3¢ Sentiment: Buy Disclosure: Held
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