Hi Stubbsy, been in here for some time now - the 1 in 10 chance of a gusher is straight out of Randy's own mouth! the other nine are likely to be around average but we are talking about the tenth being a game changer here - now that is not what I call speculative!
The great thing is that the drill costs are so small - a classic example of low expectations and massive upside. If you look at the statistics one in ten drills is a game changer for the plays in NCT licence area so it is only a matter of time before the 500 bod target is smashed and a medium cap oil company puts in a bid to buy the company - That's why I'm in here and I expect my investment to mature in the next year or so...ATB - CE
Thanks for posting the link to the ADVFN article you did. Very informative. Like many others I had to read it multiple times to really try to wrap my head around it.
Just a quick question. Is there a definitive time that we expect to here about the 250boepd target?
NCT in general looks great. The only concern I have is that this could go the way that MAGP went, i.e. everyone stating numbers like 300-400boepd only to find out that they are doing much much less. In saying that it sounds like the management know their stuff and tend to understate and overdeliver.
I will sleep on it but pretty sure I will pump some money in here tomorrow morning.
Thats all its about at the moment, building the base to take us to the next level. No fireworks at the moment but a solid set of wells producing a few boepd. Once the math works out then get ready for larger spends and larger wells, if they hit great, if not, ummm. When you look at the projects its recompletion after recompletion or work overs, all low risk, small spends to increase production. Even Shoats Creek will be recompleted to start with, that only has 1 well producing at the moment and the other is producing intermittently so an instant recompletion/work over on that one. If any of you guys noticed nct only put 1 well out for shoats creek, NAP put 2 out. It seems nap are trying to pull the wool over shareholders, Randy played it low ball.
And its All about getting in early. Will be buying in here and leaving for eventual interest to gather with news flow. Cracking info posted by noli on his advfn thread. Plenty to read and a real education( had to read and reread if I'm honest)
Haha, we don't ever want to be caught out with no tickets.
I don't want to influence anyone, I agree with noli, this next month is just about adding numbers.
But we MUST not lose sight of the fact that Randy had to nip down to b&q for a tap for what wasn't expected.
I think within reason these work overs can improve the boepd, we are due 250 by the end of July. If that gets uprated to 350 (if Zink ranch continues) then suddenly everything gets uprated, including the 1.82p
There is enough literature to say that the CEO out performs the numbers.
I think it can see it and bowlivks to paying 1p when the mist rises and we realise it is a sunny day
Gl for anyone who likes the company, I only invest my money
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