Recent Research Reports and analyst contact details are provide here.
McDouall Stuart
October 2008: On 15 October 2008 McDouall Stuart issued an updated Research Report, which values NZOG at NZ$2.43 per share with a buy recommendation. For more information contact John Kidd: john.kidd@mcdouallstuart.co.nz
Credit Suisse
October 2008: First New Zealand Capital for Credit Suisse resumed coverage of NZOG in February 2008. Their latest Research Update dated 20 October 2008 has a outperform rating with a valuation of NZ$1.94 and a target share price of NZ$2.23. For more information contact Jason Familton: jason.familton@fnzc.co.nz
Forsyth Barr
December 2008: Forsyth Barr initiated coverage of NZOG in June 2008. An updated report issued on 17 December reflects the fall in international oil prices and values NZOG at NZ$1.73 per share with a buy recommendation. For more information contact Andrew Harvey-Green: andrew.harvey-green@forbar.com
ABN AMRO
October 2008: ABN AMRO Securities NZ Ltd initiated coverage of NZOG in June 2008 with a buy recommendation. An updated Research Note issued on 29 October 2008 values NZOG at NZ$1.94 per share. For more information contact Rob Foster: rob.foster@nz.abnamro.com
Macquarie
September 2008: Macquarie Capital Securities initiated coverage of NZOG in April 2008 with a buy recommendation. An updated Research Note issued on 01 September values NZOG at NZ$1.97 per share. For more information contact Stephen Hudson: stephen.hudson@macquarie.com
Aspect Huntley
November 2008: Morningstar is providing Aspect Huntley with research coverage of NZOG. On 6 November 2008 they issued an updated Research valuation, which values NZOG at NZ$1.58 per share. For more information contact Nachhiket Moghe: nachiket.moghe@morningstar.com
Hamilton Hindin Greene
October 2008: Hamilton Hindin Greene resumed coverage of NZOG in June 2008. An updated Research Note issued on 21 October 2008 values NZOG at NZ$2.15 per share. For more information contact Bruce Mathieson: bruce@hhg.co.nz
Coverage Summary
| Company | Report Date | Valuation (NZ$) | Recommendation |
| McDouall Stuart | October 2008 | $2.43 | Buy |
| Forsyth Barr | December 2008 | $1.73 | Buy |
| Credit Suisse | October 2008 | $1.94 | Outperform |
| ABN-AMRO | October 2008 | $1.94 | Buy |
| Macquarie | September 2008 | $1.97 | Outperform |
| Aspect Huntley | November 2008 | $1.58 | Accumulate |
| Hamilton Hindin Greene | October 2008 | $2.15 | Buy |
Please note that any opinions, estimates or forecasts regarding New Zealand Oil & Gas Ltd's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of New Zealand Oil & Gas Ltd or its management. New Zealand Oil& Gas Ltd does not by its reference or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.
