Forum Archive Index - March 2004

["Allan Julian" <ajulian@xtra.co.nz>]

Chris,
A quick summary of things as I see them.
A first 1/2 loss of 2.8 million, includes 1 off's as writing of their
participation in swift energy's Tuihu 1A well.
Projected profit for 2nd 1/2
Kupe field which for 18 years was considered uneconomic, in which NOG is a
15% share holder, sell a 4% of there holding to Mitsu for 9.2 m.
Share price at close 26 feb interim result announcement
.48cents
                     01 mar kupe field update                          .48
                     12 mar cond approval pike prier coal mine         .53
                     today a high of                                   .59
To state the obvious, their core business is exploration for gas, they have
an improve out look since the sale of Kupe permits.
 Hope this helps
 Allan.
Ps my jump into them this morning was in part fueled by emotion, I felt I
could wait and see, and then got the miss the buss feeling.
Time will tell all.
Allan.


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