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[sharechat] NOG ~ I am puzzled

From:	Marilyn Munroe <who.c@res.co.nz>
Date:	Mon, 10 Feb 2003 16:16:11 +1300

Extracts from a notice filed with the stock exchange today regarding NOG's 
Tui-1 well in the offshore Taranaki.

"....when the Kapuni F Sands were encountered at 3,655 metres, elevated
cuttings-gas and hydrocarbon fluorescence were observed over the uppermost
20metres of the sand. This could indicate producible hydrocarbons, probably
gas. Evaluation of the wireline data is required to determine the nature
and significance of this interval. ...."

Some must think that this is bad news as the share price dropped 2c.

All will be explained tomorrow.

"NZOG will make a further announcement to the NZSE and ASX tomorrow after
wireline logs become available and have been evaluated."

Fingers crossed.

Boop boop de do Marilyn
 

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