I wouldn't say invested If you mean do I hold any Ntog shares, then yes I do Do I think pine mills is capable of producing at$30 yes but IMO I think we will need to produce much more than 100bod to i achieve this Do I think Matt is capable of fine tuning the whole operation to achieve $30 ?
I hold a few stocks that have low cost shallow wells Most of them claim to be able to produce below $30 a barrel Yet they are all struggling for survival in the current poo climate I think the big problem with these type of plays are the decline rates The wells need constant maintenance to keep a sustained flow And I have a feeling this play will need a whole load of money ploughed into it before we even begin to think about profit I am hoping for once that Matt has made a sensible purchase, and it doesn't turn into his usuall epic fails
It's clear the MCAP should be nearer £5m than £1m!
Last week the volume was insane, there''s clearly plenty sitting on the sidelines watching this, waiting for an indication of a move up. Once the turnaround is clear, it's going to move quick again. Personally believe today is the pivot day.
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