Forum Archive Index - May 2002

[Marilyn Munroe <who.c@res.co.nz>]

N Z Oil & Gas (NOG) are currently drilling in their Opito prospect in 
Northern Taranaki.

The well was spudded in early this month and the target formation is at 
2850 metres. Given the estimates on the web site it is likely that the target 
zone will be encountered in early June.

An indication of whether an oil well may be successful is the flaring 
(burning) of gas adjacent to the drilling rig.

This is only an hint of success. The gas flared may only be the geological 
equivalent of a fart, or be in non commercial quantaties.With this caution in 
mind, it is still a positive sign.

What I hope is a Sharechater from Northern Taranaki will volunteer to 
keep an eye on drilling reports to the stock exchange. When the volunteer 
beleaves that the target zone is near he then camps on the high ground 
surrounding the drilling rig waiting for gas to be flared.

On observing the flaring of gas he will then post this information on 
sharechat. Subscribers can then, while mindful of the risks, decide whether 
to purchase NOG shares prior to (possibly) favorable information being 
released to the stock exchange.

Boop-boop-de-do Marilyn

Disclosure: Hold NOG



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