NZO, NEW ZEALAND OIL AND GAS LIMITED

[dolor]

In Reply To: andy20020's post @ Feb 24 2009, 12:05 PM

Two years since the last post on NZO with only negative events to report. This co has been stumbling under the Radford factor with little or no control over virtually all its activities. Massive staff increases and endless 'we have many exciting plans for the future' have been all talk and no action. What with the run down of Tui, failed drills x 5, relinquishment of permits, the PPP fiasco and Pike River explosion, no partners willing or able to undertake new drilling, and now the cancellation of dividend despite good cash reserves, it's a wonder that there is even a semblance of any market. After holding for years I have lost any confidence whatsoever in this board and am selling down progressively. Previous good prospects have been destroyed by endless bad decisions. The only salvation would be a take-over - perhaps Todd, Contact, Mighty River, Infratil or an Ausie oiler. Shouldn't be too costly at this time with poo so high and cash in the kitty.

[andy20020]

Gap down - buying today Regards

[ShareScene.com]

Company:
NEW ZEALAND OIL AND GAS LIMITED

Code:
NZO

Website
http://www.nzog.com/

[Lizard]

Decided to sit sideline for the results and so exited $1.63. Should be good, but should also be well-anticipated so will just sit out and await direction.

[Lizard]

Has reached my initial target for this trade of $1.62... no stopping it today. Given the momentum, I'm thinking I've got some breathing space to let profits run a bit further, but would think due a pause here?

[Lizard]

I actually bought some of these last week for a trade ($1.49). Probably only a short one... but it's a first for me. I was possibly the only share trader in NZ who'd never held NOG!

But since I ditched AWE at around $4