analyst updates
Expert Analysis
Morning Coffee (7/10/12) "New Zealand Energy Corp. provided an update on production activities on its 100%-owned Eltham permit in the Taranaki Basin of New Zealand's North Island: Copper Moki-1 (CM-1) and CM-2 continue to flow from natural reservoir pressure, with a total of more than 132 Mbbl oil produced to date. . .the Copper Moki natural gas pipeline has been completed and tied in to Waihapa production station. The operator is finalizing arrangements to receive the gas and New Zealand Energy expects to begin generating cash flow from its natural gas production in July."
Amin Haque, Stonecap Securities (7/9/12) "Natural gas sales earlier than expected: New Zealand Energy Corp. has provided an operational update; it is commencing production from the Copper Moki 3 well and tying in the natural gas pipeline connecting the Copper Moki field to the Waihapa gas processing plant. . .we maintain our Outperform rating and one-year target price of $3.50 for the company's shares. . .if achieved, this target price implies a 12-month return of 84.2%."
Bill Newman, Mackie Research (7/9/12) "New Zealand Energy Corp. has completed the construction and tie-in of the Copper Moki gas pipeline and expects to begin selling its natural gas in July. . .the company plans to drill multiple conventional exploration and appraisal wells in the Taranaki basin over the coming year. . .New Zealand Energy is well financed to carry out its eight-well conventional exploration program, and with drilling success we expect the company to add significant production and cash flow during 2012
p.s is someone has time please post over on i.v
thanks
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