No idea what they have been doing. Have worthless assets. So they have to buy near producing assets where are they... been a dog. Always will be but one half decent assets and this will still spike. A true aim dog for years
Matt has states several times in past two years (whilst earning over £250k) that he couldn't buy in as it was a closed period with him being privy to material news. Unfortunately the material news never really came to anything other than further failure.
He now buys £15k of shares and the twitter/blogger crew go into a frenzy trying to pump this further. The truth is, it's more a concern than a positive as it shows matt is aware of no material news, nothing in the pipeline that could help restore the SP.
The oil price (wti) has recovered somewhat recently (matt always blamed this) but ntog continues to hover near all time low (relative as matts consolidated and diluted).
No update on Egypt still, beginning to look like another waste of millions (similar to the £500k he blew at Permian).
No upcoming news of new acquisitions, therefore just what are matt and Ewen drawing a wage for?
There's been little evidence of any work or due diligence here for years.
What happened to all the areas we contributed towards for seismic studies?
Are the "landmen" matt spoke of in the field, still out there as we've seen nothing of their funded trips?
Expenses and administration costs are still significant considering the lack of any progress here.
Clever "ebitda" accounting practices continue to mask the continued rising debt.
Just where is our money going matt?
We've seen you're good as an estate agent securing goat pasture land but on the website you describe us as an exploration and development company - where are we exploring, what are we developing exactly?
The contempt for you and the BOD is growing on social media as you maintain radio silence, we're aware the FSA were investigating allegations against you, it'd be good if you could publicly defend the company against these and potentially help any recovery for all PI's rather than simply drawing down accounts on your salaries.
I'd be very wary of investing here, I've followed the patterns for several years in here and several other aim oilies. You may, if lucky make a small gain if timed well but more often is the case you'll be caught in a short term spike as this is routinely pumped by the notorious twitter crew operating using #ntog.
You'll find disgruntled investors using the same hashtag on twitter and they've been duped in the past, despite carrying out their own research, they've been duped by the BOD continued lies as it funds their lifestyles.
Matt takes 10k per month here and look through rns to see what's ever been delivered - nothing.
He's sold Chisholm which was our only real producing asset.
He's inherited full liabilities in Egypt.
He's squandered money at Texas and Permian deal (500k).
He's failed to deliver shareholder value for 8 years.
He has a history of repeatedly diluting the sp then consolidates.
He's loaned shares to notorious ya global (see rns)
He's promised own operated asset since 2008, well before oil wti price decline but isn't respected enough to secure a deal.
This is a minnow trying to become a fish but matt is out his depth and will continue to take take take whilst delivering nothing for shareholders.
Look through #ntog hashtag on twitter, read the ShareHolders action group posts. They've all been banned from here for posting the truth as matt requested lse ban them,,,I bet this post even dissappear which will show the level of obstruction and collusion.
Shame, I was hoping there was some news imminent. As ML wable to deal it means he is not privy to inside information. I am surprised as I thought the company was looking to acquire assets. Perhaps we missed the boat now oil & gas prices have risen.
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