AZA anzon australia limited

bought at 1.17, page-33

  1. 7,809 Posts.
    No I realise that Jemb, but at some point to access the oil where the sidetrack found it they would have to drill anyway, so what AZA are going to get is alot more oil before it's time . 8000 bopd extra in this hgh oil priced environment sems pretty good result when it was looking like a dud altogether .
    I remember NXS troubles wth Crux and how they salvaged an initial poor result and turned it around as well .

    Even without the sidetrack success AZA looks undervalued . just depends how much more selling there is .

    As it stand AZA just got richer as their NXS shares went up in value and they found more oil to produce soon .
    But NXS got poorer because their AZA shares went down in value .
 
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Currently unlisted public company.

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