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Two already this year!
I do hope it works out for the shareholders, but be careful I got burnt by a few Aim shares.
Unscrupulous CEO’s ( bos global, Mysq and these)
So BE CAREFUL
You obviously don't understand.
That the rig contract is signed means that Cypress are committed to serious expenditure. They have already spent serious money including building a road to the the drill pad. Walking away now would mean Cypress writing off maybe $200k.
DYOR
If it happens.
No doubt all the trolls who were saying it was a spoof and wouldn't happen will now hold their hands up.
NTOG will be in a good position in a few weeks.
DYOR
Nice to see decent progress being made. Still astounds me that this is so cheap with so much going on. Drilling at Pine Mills should get some interest short term. Plus they have multiple other projects lined up as well. Exciting times for shareholders
Drilling Rig Contracted for Pine Mills farm-in
Nostra Terra (AIM: NTOG), the oil & gas exploration and production company with a portfolio of development and production assets in Texas, USA is pleased to announce, further to the Company's RNS on 17 September 2020, that Cypress Minerals LLC ("Cypress"), has entered into a contract for the provision of a drilling rig for the new well to be drilled by Cypress at the Company's Pine Mills oil field.
The rig is currently operating nearby, after which it will mobilised to Pine Mills. The primary target formation is the prolific Woodbine Sand that is one of the main producers in the region. The well will also evaluate several other known overburden formations.
Construction on the drilling pad is anticipated to begin in the coming days and permitting to follow shortly thereafter. It is expected that drilling operations will commence in the coming weeks and last approximately 10 days. Nostra Terra owns a 32.5% working interest ("WI") in the planned well, which includes a 25% carried WI and the remainder at cost.
Matt Lofgran, Nostra Terra 's Chief Executive Officer, said:
"We're delighted to see the progress Cypress is making and look forward to spudding the new well in the coming weeks. We're encouraged by the successful wells that have previously been drilled that offset both sides of the new planned well, further high-graded by 3D seismic data.
Nostra Terra has a significant interest in the new planned well and associated acreage. A successful well could increase reserves and, more importantly, near and long-term cashflow for the Company."
This will really push on now. Bought more this morning and i think 1p will be here sooner than people think
Is that the same UJO with a leaked placing last year and then rinsed and repeated again a month ago? Another one where shareholders are treated like excrement. DYOR.
I would advise people not to invest here board members don't get along. Drills don't happen, just placing after placing. I'm not a fan of oilman jim but he was stop on about this company. Do your own research. Better to put your money in Union Jack.
Guessing because they took part in the placing , with warrants and now want the pump in full force to offload,
One of Beavums best clients, now trying to work their welsh wizardry.
Investinggenie ... what a C.O.C.K reposting the RNS
TWAT
Now I don't want to sound like a winging old b*#tardis but it is usual to issue an RNS to inform that a competitor has found oil 15 miles from our acreage? Sounds a tad desperate?
yes more good news. Company clearly turning a corner here and looks like the potential of the Permian Basin is getting HUGE. Exciting times. Bought more this week and fully intend to ten times my money here
Permian Basin Trade Article
Nostra Terra (AIM: NTOG), the oil & gas exploration and production company with a portfolio of development and production assets in Texas, USA is pleased to note the recent trade article highlighting successful wells near the Company's assets in the Permian Basin.
Hart Energy, the Houston based energy industry publisher, recently published an article titled:
Small Play, Big Wells: Permian Basin's Horizontal Eastern Shelf
A conventional, stratigraphic trap in Scurry County on the Permian Basin's Eastern Shelf doesn't cover hundreds of thousands of acres like shale plays. But the wells are just as good. And, for private wildcatters, they're particularly great.
The article describes the development of previously disregarded and bypassed pay in the Pennsylvanian Strawn Formation. This sandstone and shale unit is between 1000' to 4,500' ft thick and lies at depths of around 7,500'ft. Legacy vertical wells have penetrated this interval which was rarely tested, when flow tests were conducted they typically yielded flowrates of 25 bbls/d, however, with the advent of low cost, more efficient horizontal well technologies these intervals are now being produced commercially at much higher rates. Typical recent completions in the area comprise a mile lateral section with multiple zones yielding flowrates of 600-1000 bopd 30 day average with cumulative production often exceeding 400,000 bbls.
This geology and play are of considerable interest to NTOG as it sits in a region known to the Company and close to acreage in our existing portfolio. This once again demonstrates the prospective nature of our portfolio and the attractive returns on investment capable of being generated.
Nostra Terra has built a portfolio with three areas of operations in Texas, including the focus area in the Eastern Shelf of the Permian Basin, which is located approximately 15 miles from the wells featured in the article. Nostra Terra's focus in the same area of the Permian Basin is also on shallow, conventional oil.
Looks like someone trying to get the twitterati pumping this. That welsh wizard must be a real investing genius when it comes to working with the doc ;-)
I think they must be listening to your ramping (9 trades today) up 20+% well done.
You must wait for pension day:)))
Plenty to get excited about
We have a farm in agreement on the Permian Basin which is due to start production soon.
We have an already producing project in Caballos Creek which we acquired recently
And we have Pine Mills Oilfield which i would expect work to start any day
All for sub £2m mcap
Will be trading £5m+ mcap soon :)
Thanks for help, im doing that just fine with real companies. Not AIM shysters
You should concentrate on how to make your £3k back.
A guy posted this on RRR bb.
"It is for me a total sucker share and I'm pleased to say I am not one of the suckers who will give the placees a quick easy flip profit."
Hmmm another one Helpful is involved in, im beginning to see a pattern emerging.
No one said it was bad news.
These things are news driven.
Next piece of news, watch it move.
What’s happened to the running commentary
Have all the buys slowed down ??
Wow six so far this will go to the moon, can’t wait:))))
As if Grannies invest in stocks like NTOG on AIM.
As usual the Trolls won't look at what is currently happening but want to prattle on about 10 years ago. This is not unique, each BB has a set who reckon that they were hard done to.
Whether you like it or not: Caballos is cashflow positive day one; Permian is a quick completion, some technical risk but no drill risk; Cypress some drill risk but we are largely carried.
Caballos is a work over programme, field enhancements, and PUDs plus behind the pipe.
Permian is a completion programme: wireline log, perforate, acidise, swab, flow test and connect up. Surface kit is largely in place.
Cypress: 3D in place, Cypress are drilling it, we have circa $80k at risk, so very assymetric.
Regardless of what you think of ML: how is any of that bad news?
DYOR