It would be a bonanza, but for two small details.
Of all the countless examples of monumental Government stupidity we have to choose from, this one bugs me almost more than anything else, hence I am Cc’ing this reply far and wide.
The first small detail is that the New Zealand Government has reduced the royalty it charges on New Zealand’s oil, from 5%, to 1%. That’s right, one percent, down from five percent. This makes our black gold – which was cheap anyway – the cheapest in the world, by an order of magnitude. Saudi Arabia charges 50% and Venezuela charges 88%, Britain 52%, Australia 61%, Angola 64%, the US Federal Government between 40% and 51% in the Gulf of Mexico, and the State of Alaska charges 20% royalty plus 22.5% tax. Norway, through royalties (76%), taxes on oil company profits, and ownership of oil company shares, recovers more than 90% of the tradeable value of its oil.
Yep, just balderdash in my (humble) opinion. As an exploration geologist years ago I was often confronted by this sort of rubbish. When does a ‘zone of mineralisation’ become an ‘ore body’? Only when it’s big enough to justify the huge cost of its extraction.
As far as I know the drilling results performed years ago in the so-called Great South Basin gave ‘shows’ of oil, condensate and gas. Does anyone seriously believe that exploration companies would have withdrawn from their exploration leases if they had discovered a ‘bonanza’? When does an ‘oil show’ become a bonanza? When the media get a hold of it OR when publicly listed companies are about to go to the market for massive funding!
Does anyone really believe that if such a discovery was in fact made, that it would all be shipped over the Tasman for refining?
I am not suggesting that significant discovers within the Great South Basin could be made in the future its just that all this balderdash could have people believing that it has already happened.
Watch to see how long it is before we have new share floats from newly formed oil exploration companies operating in Southland.
If it was not so sad, it would be laughable. Bit like Alinghi having a canting keel…………
Hi, I found this article quite informative, however slightly inaccurate. Find attached a link to the Ministry of Economic development specifying what the royalties will be for any oil found on and off shore, in and around New Zealand.
Oops here is the link:
http://www.crownminerals.govt.nz/cms/petroleum/legislation/royalty-regime
I suggest reading “The Opal File” to get the bigger picture of whats happening here and why we gave it away.. it was never ours in the first place… as this country isnt even ours… our politicians are bought and sold by threats and money by the cia and the global crime syndicate. And its been this way for some time and the proof of it is in the opal file:
It is quite long, and contains some very amazing information, such as Swiss Account Numbers of high profile people on Mafia Payrolls. You may be surprised at some of the names mentioned here.
It also contains references to CIA operations to place subliminal TV broadcasts throughout Australia and NZ, and other countries.
Happy reading.
Politicians know that the nz govt is a stage for hack actors and shady business men, confidence tricksters and sociopaths. The few good ones just get taken out if they make a wave, and most just play along like a episode of shortland street on the tvnews stage. Every year a few politicians get caught out for stealing or cheating in some way but the nz media never points out that these guys are all working together as part of a white collar crime syndicate in government, because thats how it works.
Everyone keeps quiet and plays the game.
Anyway check out the opal file. i recon Jon should print it all out in an edition of uncensored.
—————————————————
The Opal File
The Round Table Financial Takeover of Australia and New Zealand
A 20 Year History In Brief
http://www.bibliotecapleyades.net/esp_sociopol_opalfile.htm
Quote from Opal File
” 18th May, 1967:
Texas oil billionaire Nelson Bunker Hunt, using a sophisticated satellite technique to detect global deposits, discovers a huge oil source south of New Zealand in the Great South Basin.
10th June, 1967:
Hunt and New Zealand Finance Minister reach an agreement: Hunt will receive sole drilling rights and Muldoon will receive a $US100,000 non-repayable loan from Hunt’s Placid Oil Co.
8th September, 1967:
Placid Oil granted drilling rights to the Great South Basin.
10th May, 1968:
Hawaiian meeting between Onassis and top lieutenants William Colby and Gerald Parsky to discuss establishment of a new front company in Australia – Australasian and Pacific Holdings Limited – to be managed by Michael Hand. Using Onassis-Rockefeller banks, Chase Manhattan and Shroders, Travelodge Management Ltd sets up another front to link the operations to the US.
Onassis crowned head of the Mafia; Colby (head of CIA covert operations in S.E. Asia) ran the Onassis heroin operations in the Golden Triangle (Laos, Burma, Thailand) with 200 Green Beret mercenaries – i.e. the Phoenix Programme.
Gerald Parsky deputy to ex-CIA/FBI Robert Maheu in the Howard Hughes organization, took orders from Onassis and was made responsible for laundering skim money from the Onassis casino operations in Las Vegas and the Bahamas.
Mid-July, 1968:
Placid Oil Co and the Seven Sisters (major oil companies) begin Great South Basin oil exploration – Hunt finances 45.5% of exploration costs, Gulf Oil 14.5%, Shell (US) 10%, B.P. Oil 10%, Standard Oil California 10%, Mobil 6.5% and Arco 6.5%.
12th October, 1968:
Hunt and Seven Sisters announce confirmation of new oil source comparable to the Alaskan North Slope – gas reserves estimated at 150 times larger than the Kapuni Field.
Early 1969:
Mafia consolidates its banking operations; David Rockefeller becomes Chairman of Chase Manhattan; Wriston at Citibank and Michele Sindona captures the Vatican Bank, Partnership Pacific launched by Bank of America, Bank of Tokyo and Bank of New South Wales.
24th February, 1969:
Onassis calls Council meeting in Washington to discuss strategy to monopolize the Great South Basin discovery. Council members included Nelson Rockefeller and John McCloy, who managed the Seven Sisters, and David Rockefeller, who managed the Mafia’s banking operations.
McCloy outlines the plan to capture all oil and mineral resources in Australia and N.Z. “
I was actually given a printed copy of the ‘Opal File’ 10yrs. ago & it gave me a political awakening,I even managed to find out who assembled it & uploaded it to the internet.
Sent: Thursday, August 25, 2005 10:06 PM
Subject: Re: Seizure of NZ & Oz resources.
“Isn’t life just dandy? I personally wrote the intro to that file,
typed the thing onto a computer and uploaded it to the internet around
15 years ago.
I even named it “The Opal File” because it read like a Aust-NZ version
of the famous “Gemstone File” and since the opal is considered an
Aussie gemstone, I gave it the name that still accompanies it.
I did not write the file though, I got it from a renegade intelligence
agent who didn’t know I copied the file.”
best
Duncan
Duncan M. Roads, Editor, NEXUS Magazine
PO Box 30, Mapleton Qld 4560 Australia.
Tel: 07 5442 9280; Fax: 07 5442 9381
http://www.nexusmagazine.com
“The nature of the universe is such that ends can never justify the
means. On the contrary, the means always determine the end.”
(Aldous Huxley)