NZO 0.00% 39.0¢ new zealand oil & gas limited

Have to be a bit careful with book value of assets (which...

  1. 8,260 Posts.
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    Have to be a bit careful with book value of assets (which include CUE). Also quite a bit of cash is allocated to well site remediation. Also, I can't figure out whether some of their cash represents includes CUE's cash (accountants?).
    But even assuming the worst, it looks very undervalued to me too, even before you think about Ironbark.
 
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