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There’s a reason for that. As I say be quick. Let’s see where we are tomorrow. Gl I hope your right for the longs. That have been suffering for years.
Singer67 that should be, at the moment 1.5m market cap is too low against the potential in front..Imo
They were 4p during 2017/18, not surprised its holding firm 1.5 m market cap is too low..IMO
Fook me sideways , a new ramping gang of arrived
Let’s see how long they hang around
I am afraid to say I was in love with share in the days of M/l bringing back from the dead. But he has only done it to dilute share holders I am afraid to say. You may get spikes. But be bloody fast to make a profit. Gla. Zooooom.
Lol the old in and outers. They will be gone by days end ;)
Weyland. Steel. Singer. I think they've arrived... :)
Caravanboy. How is Matt? Still doing placings :)
RileyRoo07. Yr new here. Look at my previous posts before you judge. The 10 bagger remark is humour. I think this company is a dog. Gla
https://twitter.com/mlofgran/status/1306528268695216131?s=19
1.4 Market Cap on back of today's RNS definately points towards rerate " Company is pleased to report that progress continues towards Cypress drilling a new well. Cypress possesses 3D seismic over the area and has high-graded a location for the proposed new well. Nostra Terra has a 32.5% working interest ("WI") in the well and the 80 acres, including a 25% carried WI on the first well and the remainder at cost.
A survey has recently been completed in preparation for constructing the drilling pad. The well design has been agreed and a drilling contractor has been selected. Drilling operations are planned to commence in October.
Normally good news comes with a placing for the next big thing in my many years of pain. How is Matt?
Gla zoooom
Indeed as I stated for the lowest was 025-0.30 and added 2m share back then to low down average ! remember the consultant is happy to be paid with 0.3 share and 0.6 as warrants, they know what they doing I think! GLA
1.4 million market cap, Am I dreaming ??? Pine Mills drilling set for October an update of CPR will surely Rerate as it stands we are historically low.. IMO
You lose people money talking about a 10 bagger
Lol, i must admit i thought about averaging down last mth but decided against it.
I could have doubled the number of shares i bought for 3k for an extra 200 quid ish but once bitten etc.
Makes me smile. I boutght £1000 of these shares in 2011. They are now worth £10. Will need to be a little more than a 10 bagger for me. Do I throw some more money down the drain or is this about to come good?
Yep.
Excellent news.
A free carry. A decent result here takes NTOG towards break even and will increase the Washington bank facility. It will also move some resources up to P1.
DYOR
10 bagger from here easy :)
Agree! 25x30=750 b/month a use the full hedging amount is indeed no-brainer !
IMHO
NTOG needs 3 things: WTI back towards $50 by year end; they Cypress drill successfully done; either one of the other farm ins executed and/or another transaction similar to the current one.
If they get all three then NTOG will go into 2021 in a very good position and will likely be profitable at the PLC level.
Washington Federal won't let them use that bank facility to buy assets but will let them refinance once the asset has been acquired and proved up.
If NTOG can keep access to the finance deal that they used for the recent deal, that might three small deals a year on its own.
Much better to keep doing these smaller deals, adding in 30/50 bopd on each transaction with some drilling upside than betting the house on one big drill.
DYOR
when I said cant go lower, it was the 25bid-30offer, it is now!!!
Well, Lofgram did admit that 1) money raised for drilling at Mesquite field was not spent , 2) hedge facility can be utilised for newly acquired well production at $51ish price so net cash. 3) Cypress farm-in is still on (but have no control over it).... IMHO, the cheap MA deal is saver or bottom line, NOTE: Nostra Terra is guaranteed $55.12 per barrel for 1,500 barrels per month for the remainder of year. this is good one !!!GLA