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What a smug ***** you are. Im just glad i was wise enough to not put "decent" money in here. I would be even worse off.
You keep pumping this cr*p. We will keep it real yo warn off new mug punters.
Bet you would pimp out your sister to make a buck.
How long you been on lofgrunts payroll?
No thanks. I know what CEOs have to put up with. They get grief even when they get it right.
Seriously though, in my humble opinion NTOG has progressed well this year. The Cypress drill is not far off, I suspect it will be finished late October/early November. The new Permian workover could be anything between 10 bopd and 40 bopd: for NTOG that is material.
DYOR
Helpful you sound like you should be in charge of NTOG. Seriously :)
Helpful for CEO!
I'm in the same boat as Steel titan. £70k in here over the years. Now worth 2k. False promises every time. I await in hope that one day I may get my money back? But... I doubt it!
I’ve been here since Lofgrunt took over , il go when I’ve recovered what the fooker took and that is a long way away yet before I can go
Ah yes the man who spends 24/7 ****ging off NTOG and ML because his £3k investment went wrong. I would hate to see how you would behave if you had invested decent money.
If you look at my posts they have been consistent:
Get to break even with smaller deals: positive cashflow, workovers and upside from drilling in due course. Getting to break even in the current price environment will look pretty good going into 2021.
My view is that Mesquite was a mistake and Egypt was just just stupid. Unlike you, I have discussed all the above with ML and what I have posted is what I have said to him directly. I told him earlier this year to forget larger deals and just concentrate on nicking good value deals that would get him to break even. I have oil fields in Oklahoma via a private partnership and know that really good terms can be secured at the moment but you need to move fairly quickly when they come up.
With the Caballos deal, the Cypress farm in and the latest Permian Basin Farm in NTOG is executing exactly as it should. Small deals that don't require huge discounted placings, cash flow positive, additive to daily production with a portfolio of potential drill targets for when prices recover.
In addition to the above NTOG has other potential farm in targets on Pine Mills: they may or may not happen.
Currently 2021 looks pretty good. It is plays out like it is looking like it will, it should mean that any placings from NTOG are for deals and not to keep the lights on.
DYOR
*keen
Someone is kern to pump this up and get out with a profit.
They know the dangers of hanging around too long with this outfit.
Theres always a placing coming to lock in investors.
Good luck to them anyway, dont get trapped like me ;)
https://twitter.com/businessinsider/status/1306631920915222532?s=19
You missed a few lines out :)
Oilman Jim19 Jul 2020 19:13
I’m going to reduce commentary on the small, lifestyle companies, unless there’s something particularly interesting or important upon which to comment, so its goodbye to the likes of AAOG, AST, MSMN, NTOG, ZEN, etc. Some do have amusement value, but they shouldn’t be legitimised or given an appearance of equivalence by being covered alongside other companies in the blog which have actual, potentially commercial, operations and projects.
The next RNS will likely be the spud of the Cypress well.
You have mentioned the lack of mention of NTOG in the Oilman Jim blog a few times in recent posts.
I am personally not expecting anymore comment as on the 19th July 2020 he stated:
'A few changes in this blog. I’m going to reduce commentary'
'so its goodbye to the likes of AAOG, AST, MSMN, NTOG, ZEN, etc.'
Based on that I am not expecting any commentary on NTOG although he does not rule it out.
The next RNS will be a placing, this usually follows after a succession of RNSs
Interesting to note again this week that Oilman Jim has left ntog off his weekly briefing.
Well done jim.
LOFGRAN is not worth any media exposure
All going very well.
Low cost incremental production adds, with workover upside and acreage to drill at a later date.
I don't know for deffo but I think this, along the Cypress drill and Callallos takes us to break even once the work is done and successful.
Fingers crossed.
DYOR
just for balance :)
FULLY Agree with your analysis and assessment , along with fossil fuel industry, esp when trump is re-elected , which is extremely likely , he is big pusher and may even lift ban on fracking ! So we may even see the price of oil over $50 this year!
1. We don't need to produce to pocket the money from the hedge. I suspect that NTOG has shut in some marginal production that will be switched back as the oil price recovers. The hedge didn't cover all the production.
2. The oil price has moved up over the last two days and is now back well over $40.
3. All the forecasts show the oil price riding higher into 2021 and booming 2022.
4. Barring some extreme event the Cypress drill will happen. They are on site doing well pad preparation: Cypress will have spent in excess of $50k so far on this well. The legal title search alone costs circa $20k.
5. If Cypress had a better target witha better risk/reward they would be drilling it.
6. The acreage is well known locally and the site has been picked with the aid of 3d: no guarantee but it reduces risk.
A decent result from Cypress and we will be at around break even. The big upside is that chunk of acreage will be moved up to PUD and off the back of it NTOG will be able to increase the Washington bank facility.
DYOR
Disagree with some of your post, the new producing asset is a good buy but only goes towards making up for drop in rev from existing wells and also come december we loose 60k a month in extra revenue the bp hedge gives, so really only treading water imo.
That only leaves the Cypress drill if it happens to actually provide any sort of improvement.
Not quite as rosy as your view.
Sad.
You will now get a flow of news:
Well pad completed; operations commenced; spud; completion of drill: initial results, completion of well and production.
Separately, we should get a production update on the new asset and the results of the review. Then there are farm in opportunities elsewhere on the acreage and other new assets in due course.
Oil has picked up over the last two days. All in all looking pretty good.
This should trend up to 0.75p as the drill programme progresses.
DYOR
Yes , caravan club boy, mazik and co are no doubt pumping and board with an RNS release
So yesterdays RNS has done nothing for share price.
All the day traders/pumpers have vanished.
Normal service can now resume.
If you want a recovery stock. NSF.
There that’s a ramp.
No tamping this. It’s scary how much you can lose. And why do you think they are paying in shares??? So they can sell into any rise. And maybe get a few more pounds. I will leave all to it now as no need for that. But it’s all imo. And I have been there with this share gl. I do mean that.
Looks Mazik and caravan club boy are the biggest ramping w.a.n.k.e.r.s to join the ramping crew today