Something more recent from Mcdouall Stuart Securities Ltd.
Extract from their Spring 2007 Newsletter.
CORPORATE CLIENT UPDATE
NZOG: Price $1.03
NZOG is moving into an
active production phase
which should see the shares
significantly re-rated over
the coming year.
July was a watershed month for NZOG. Pike River Coal was floated (NZOG stake post-IPO is
31.1%), the first oil flowed from Tui (NZOG own 12.5%) and the sub-sea structure which will support
the Kupe (NZOG own15%) platform arrived in New Zealand. While the recent abandonment of the
dry Hector prospect was disappointing, this is the reality of oil exploration. As Tui cash flows
commence and Kupe approaches completion (mid-2009), we believe NZOG will be materially rerated,
particularly should further reserves from the Tui and Kupe fields be declared.
Something more recent from Mcdouall Stuart Securities...
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Last
36.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $81.74M | |||
| Open | High | Low | Value | Volume |
| 36.5¢ | 37.5¢ | 36.5¢ | $2.345K | 6.424K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1347 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 31617 | 2 |
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