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JB3729

04/17/12 9:20 AM

#36521 RE: westeffer #35139

NZ.V & NZERF: New Zealand Energy : Price Target $4.50

Working capital of approximately $69 million, positive cash flow and two Taranaki Basin blocks encompassing 160,000 acres of highly underdeveloped land, plus exposure to a large potential unconventional shale play should give this company lots of running room for several years to come.


http://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=30948304&l=0&r=0&s=NZ&t=LIST

JB