NZO
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0.00% 47.5¢ new zealand oil and gas limited

re: Ann: QUARTER: NZO: Quarterly Activities a... Next sea drill...

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  1. Madrum
    1,906 Posts.
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    30/04/14
    12:18
    Post #: 13302885
    re: Ann: QUARTER: NZO: Quarterly Activities a... Next sea drill looks like Kaheru in early 2015.

    In the mean time at $138m NZD ($118m USD) the bank is healthy and will accumulate more. In short, plenty of money to continue healthy DIV. I wouldn't mind them raising the overall 6c Ann. Div by 1-2c NZD (extra 4-8mNZD p.a. respectively).

    Success of present drill looking very high COS. Expenditure there will involve tie back to present operations/infrastructure. So will see quicker return for our 27.5%



    Price at posting: 77.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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Last trade - 12.44pm 28/03/2019 (20 minute delay) ?
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