We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Not in here, looks like 30% of the company has been bought in the last 6 weeks,
Are you expecting any major news
They are a major
More people buying in, somethings brewing for sure 🤔.
Wey.
I did suggest this share would be death by 1000 cuts for him!!!!
Even the mighty Earl has some pride!!!
Said Earl of no shame could have a day off?
Yes he's turned up there too,
& they"re all taking the pee out of him!
I actually do wish he was right, ... cus then we'd all be millionares!
I see EARL is pumping over in CGO this morning, doing exactly the same as he has been here for the past few days
Absolute TOOL
So we need to drill asap before end of March April at latest. Otherwise the oil game and mining game is set for a price slump.
Personal PM should have been perforated at even given opportunity over the last 3 years. As the quarterly reports mention it’s only down to Covid/Ukraine war and now Gaza war that the price of oil has been higher than expected.
However regardless of the new BS we may or may not drill this year if Trump gets in as oil price will drop and that pipeline will be finished.
Agreed and now NTOG partnership over the 80,000 acres.
Whether people like it or not, it was and is a very good deal for NTOG. Now to see if they can target some decent wells.
DYOR
Said poster was suggesting we have 80k acres. I only pointed out that we had 2400acres.
80k was the size of the 3D survey.
Billy as always the information is in the public domain but people either don't believe it or don't read it.
https://www.lse.co.uk/rns/NTOG/ntog-enters-a-strategic-partnership-7wqvxhgwit1ynzt.html
If you go on the RRC website you will see that Cypress recently drilled a well and it was a duster. This was a well that NTOG was not in, for whatever reason, maybe the two things are linked?
The 3D seismic was paid for by Cypress. Why would Cypress want to do a JV with NTOG giving NTOG access to 3D on 80,000 acres at no cost to NTOG? Answers on a post card.... The likely cost of that 3D was $7.5mil.
Maybe, Cypress wants NTOG to select the next drill sites...... well, because dusters are expensive. Drilling post 3D seismic is supposed to be like shooting fish in a barrel but apparently not that easy for Cypress.
Don't forget that NTOG has a lot of experience in the area. The Gregory well they drilled was actually a good well but the frack got messed up for whatever reason.
DYOR
If you what to keep face and do what you do then this isn't the one for. WARNING!
However please feel free to ramp away to at least 3p where the sp should pre covid levels especially as we have more oil than then. (ignore any helpful poster who says the company isnt valued as 10 times as much as when the sp was 0.003p)
PMSL
I need 500% just to break even, bought years ago pre pre-consolidation or two.
2400 acres is what we own..........................................................as for growth plane. In the last 3 to 4 years we have drilled 2 wells when we should have be scheduled for 4/6/8 depending on the BS of the day.,
So our MAIN PARTNER was only interested in drilling 2 wells and this was when the price of oil was like printing money and ROI was 3 months.
GO ASK YOURSELF WHY??????????????????????????????????????????????????????????????????????
Billy well said
2400 acres for immediate well production.
80000 for wider growth plan
Was 32% working interest now its up 87.5%
read RNS 16 January
this is getting a bit silly and before it goes crazy.....................................let me be helpful!!!!!!
earlofaim you have no shame. just a few *** packet calculations for you. the number of bopd are not 126. this figure is off 23% wi. we now have 87% wi. so please do your calculations again and you will be very suprised and stop selling yourself short.
however your 80000 acres etc is 3d survey
we actually own 2400 acres.........................................opps
thats for starters i'll let you do some maths.
Just need One investor to say to NTOG
here take my money and bring 20 Wells online ASAP, because oil is there, just need extraction process.
£1m could become £50m should this goes to plan.
best strategy partner will be looking at this..... let's do it big time says the Cypress Inc production........
Why NTOG has potential to do 50 and bagger?
Well the the biggest attraction for investors in oil well investment is how long it takes to get ROI (returns on investment)
with NTOG current well its only 3 Months, whereas industry average is 3 years
now how many investors will buy oil wells in Texas for a 3 year Return on Investment?or They'll come to NTOG with millions and tens of millions to invest and get spectacular returns, that's why NTOG can do 50 million.
forget the past.
CEO learnt a lot in the past failures and look to the success of the future.
When you hear the famous DO YOUR OWN RESEARCH , then most intelligent people would look at the past 15 years of history, read the RNSs, look at all the failed projects LOFGRAN has squandered money on. This company is littered with failed projects.
He consolidated the shares years ago because he’d done so many placings that the company was diluted to nothing.
He then continued with more placings and more recently for a measley £300 k
He lives on placings.
ASK yourself why MATT LOFGRAN, having spent circa £30 million in 15 years, has absolutely nothing to show for it !!!!!
What is long term?
25 years?
I don't invest in the past events, past is past,
look to the future...... future has this to multi bagger few times.
just matter of time
Steeltitan60
NTOG Mcap £1m and producing oil in Texas (USA biggest oil state)
AIM Shell has a value of £6m
plus the recent growth is going to be staggering in the Company's history.....