Forum Archive Index - February 2000

[Rae Kerr <raekerr@xtra.co.nz>]

Hi Harley and other nervous punters,

Your comments about NZ oil & Gas having some hope at end of  the  tunnel.  I 
sure
didn't like today's plummet.

Fortunately I managed to sell off my holding in shares, at a 9% profit but my
10,000 options have bombed for the moment.
I don't know if NZ oil & Gas have a lot of funding behind them?
This is my first flurry into options.

Regards
Rae kerr

Harley D Betts wrote:

> It seems to be working now - maybe they had some hiccups when they
> added their latest announcement.  Watch the shares and options crash
> today on the news that the first target in Hochstetter-1 is dry.  Going by
> that you'd think the company was going to go belly-up unless Hochstetter
> yielded a strike wouldn't you.  I instead see it as a golden time to pick up
> some shares at a bargain price, given their long term prospects, current
> production (and high prices being received for this), the Pike River coal
> spin-off later this year, not to mention the remaining targets left in
> Hochstetter-1 and Corvus-1.  Just to be on the safe side I sold a bit over
> half my options at 20c a few weeks ago, so even if the price drops to
> zero now I won't have lost anything - but I'm still optimistic that something
> good will flow through soon and I'm holding the rest just in case.  If not,
> well c'est la vie, it was definitely worth being in the running for.
>
> Cheers, H.
>
> >>> Rae Kerr <raekerr@xtra.co.nz> 28/February/2000 03:04pm >>>
> I get URL not located
>
> Regards,
> Rae Kerr of Ellerslie
>
> Harley D Betts wrote:
>
> > Has anyone tried to get into this site (www.nzog.com.au)?  It seems to
> > have been replaced by something about Apache software - no mention
> > of NZOG at all!
> >
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