Details of research coverage and analyst contact details are provided here.
Forsyth Barr
February 2010: Forsyth Barr initiated coverage of NZOG in June 2008. The latest report issued on 25 February 2010 values NZOG at NZ$1.70 per share with an accumulation recommendation. For more information contact Andrew Harvey-Green: andrew.harvey-green@forbar.com
Credit Suisse
February 2010: First New Zealand Capital provided research coverage for Credit Suisse. Their latest Research Update dated 25 February 2010 has an underperform rating with a valuation of NZ$1.38 and a target share price of NZ$1.60. For more information contact Jason Familton: jason.familton@fnzc.co.nz
ASB Securities
February 2010: ASB Securities initiated coverage of NZOG in May 2009. Their latest research note issued on 24 February 2010 has a valuation of NZ$1.40 with a market perform rating. For more information contact David Boyce: david.boyce@asb.co.nz
Craigs Investment Partners
February 2010: A Research Update issued on 24 February 2010 by Craigs Investment Partners (formerly ABN AMRO Craigs) has a valuation and a target price for NZOG of NZ$1.79 per share with a buy recommendation.
McDouall Stuart
October 2009: A Research Note dated 2 October 2009 has a valuation of $1.88 with a buy recommendation. For more information contact John Kidd: john.kidd@mcdouallstuart.co.nz
Macquarie
August 2009: Macquarie Capital Securities initiated coverage of NZOG in April 2008. A Research Note issued on 27 August 2009 values NZOG at NZ$1.94 per share with an outperform rating. For more information contact Brooke Bone: brooke.bone@macquarie.com
Morgan Stanley
August 2009: Morgan Stanley in Sydney initiated coverage of NZOG in March 2009. An updated report issued in August gives a price target of A$1.20.
Aspect Huntley
February 2010: Morningstar is providing Aspect Huntley with research coverage of NZOG. On 2 February 2010 they issued an updated research view, which values NZOG at NZ$1.65 per share. For more information contact Nachhiket Moghe: nachiket.moghe@morningstar.com
UBS
February 2010: UBS New Zealand Ltd initiated research coverage of NZOG in April 2009 and issued it's most recent research note in February 2010.
Coverage Summary
| Company | Report Date | Valuation (NZ$) | Target Price (NZ$) | Recommendation |
| Forsyth Barr | Feb 2010 | $1.70 | - | Accumulate |
| Credit Suisse | Feb 2010 | $1.38 | $1.60 | Underperform |
| ASB Securities | Feb 2010 | $1.40 | $1.40 | Market perform |
| UBS | Feb 2010 | not disclosed | ||
| Craigs Investment Partners | Feb 2010 | $1.79 | $1.79 | Buy |
| Aspect Huntley | Feb 2010 | $1.65 | - | Hold |
| McDouall Stuart | Oct 2009 | $1.88 | - | Buy |
| Macquarie | Aug 2009 | $1.94 | - | Outperform |
| Morgan Stanley | Aug 2009 | - | A$1.20 | Equal weight |
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.
