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Unfortunately the oil price isnt making a shred of difference with NTOG,
i can see this share dropping to placing price of .25 in a matter of weeks or days,
No drilling, no results means no hope, another downward spiral to finish the year off.
The chart looks primed for a big move
The usual reason. People want RNSs every two minutes, whether they have anything meaningful in them or not.
NTOG is now a stable business doing its daily job. I expect an update early Jan with the plan for 22 and maybe something on Tunisia or not.
The recent drop in the oil price has reversed and it should now test new highs going north of $80 in due course. The US is up because they think the COVID nonsense is coming to an end.
Q4 report should be before the end of Jan and it should read pretty good. I expect average production somewhere between 120 bopd and 130 bopd and NTOG to be seriously cash flow positive. The 22 drill programme should be funded entirely out of cashflow. Fingers crossed.
And please, nothing left field like ice storms.
DYOR
Placing inbound. Confetti cannon being loaded up now.
Yes oil price is better but the SP is still dropping.
Why do you think that is Helpful?
Looking better.
Very good post!
@Steeltitan
Ahhh yes that's the one alden mcall, I had mcallen in my head so a nice mixture ha..
I sold out many many moons ago at the largest loss I've ever taken investing, still scars me to this day but a lesson learnt.
I would off been 99% down if I held to today which is an impressive loss for a share that's still trading. Just diluted into oblivion.
I wish all holders luck and hope that you can get out on a spike or some other macro event that let's you bail... I don't even think it's at the point of being tradable anymore.
I remember you from the old days Chuz and thanks for your summary , at least the pro new guys on board can see another ex long termers perspective.
Yes , Lofgran brought onboard Alden MCCall from 2010- 2015, an alleged industry expert, but between then they couldn’t organise a p1ss up in a brewery.
MCCall new Lofgran was green and saw this an easy money,doing nothing for cash.
Doug Hewitt had Lofgran over a barrel and it all ended in tears with Hewitt owing Lofgran over $1.3 mill which took a fooking age to get back.
The rest is history
13 years LOGFRAN has been at the helm and he’s made nothing but taken fooking millions to fund his lifestyle
Ntog was dead before ML took over as ceo, he use to be in real estate and ploughed a lot of his own money into ntog to keep it afloat. I think in the early days he meant well and box berger had the potential to take off. I think he was given a lesson in oiling by Hewitt who saw a green ML coming from a mile off.
I can't rmemeber the name of the guy but ML pulled in someone (m Allen or something like that) and from that point on the company just seem to raise equity and fail at practically every drill.
So many drill locations attempted with the same outcome... The initial reports of x amount of bpd to further raise funds but then after a few days the output drops to practically nothing.
I swear he meant well in the early days, I had alot of personal communications with him and really believed he wanted it all to work.. I lost a small fortune and kept averaging down but there was no bottom.
Now I think it's just listed for listing sake, wouldn't surprise me if another raise comes but the company goes into bitcoin mining instead as it really can't do the oil thing well.
Fook you Logrunt, have a miserable Xmas spending all our hard earned money
Merry Christmas!
To be fair, we all know how crap he is as a ceo, however to give credit where credit is due he is the best in field at soliciting the unsolicited placings, nobody else can solicit the unsolicited quite so well.
I can name more than 2 things.
Placings
Placings
Placings
Placings
Placings
Blah, blah, blah
Justbe a quick question I am not trying to cause an argument, so this is my question!
Can you tell me two things Matt has done good in the last 10yrs please?
If you can I will be well chuffed!
Thanks in advance and merry Christmas
No but they have the same morals!
Me me me
mysq?
Was Lofgran involved with this??
The guy is a joker spends half his time running his other company the other half the time riding around on his bike reading the book of mormon
Sorry to see nothing has changed with NTOG, I had the same **** with mysq, he stole the money as well as all his BS !
Couldn’t do anything about it apparently, his office was in Singapore and out of LSE jurisdiction!
Beat me and others up big time!
Don’t let him ruin your Christmas and just hope someone turns him over.
But I do sincerely hope you recover at least some of your losses if not all!
Merry Christmas and god bless you all
Sorry last line should read YE accounts should read we make no profit.
Matt Lofgran is a fooking W a n k e r
A whole year gone by. For the last few weeks not a peep about oil price out of you. Today you rattle on about oil price again. Well it dropped to $65. I wonder what the impact it has had on YE revenue. I can just hear the excuses ready to come out of the xmas crackers!
The BOD should be held in contempt.
Even with oil and revenue and demand in the states we have not capitalised on our assets. You when we get a good asset and proves beyond expectations CEO will try and off load it has he can’t see it through to the end. Now I do wonder what 2022 will bring. I can certainly say YE accounts will it show a profit.
I see the money spent on anger management courses wasn't wasted!!
Here is hoping that you find some inner peace etc.
Oil on the way back up, you should be happy.
PS European gas prices are currently the equivalent of $350 a barrel. It will lead to a lot of substitution and keep the oil price higher than it otherwise would be.
You never know you might make your £3k back.
xx
Damm. I saw ntog pop up on share chat. I cant believe people are still buying into this company. I bought some shares ten years ago. It took me a year to give up and ( luckily ) get out with a small profit. Its matts lifestyle company. Always has been. The best way to punish him is to sell up and put it elsewhere. Jesus ten years and nothing but dilution. Unfeckinbelievable
Lofgrunt and family, and paid chief pumper.
Now fxck off and die.