Register
Login:
Share:
Email Facebook Twitter

NCT Share Chat - RSS Feed

Northcote Share Chat (NCT)



Share Price: 0.575Bid: 0.55Ask: 0.60Change: -0.01 (-1.71%)Faller - Northcote
Spread: 0.05Spread as %: 9.09%Open: 0.585High: 0.585Low: 0.575Yesterday’s Close: 0.585


Share Discussion for Northcote (NCT)


Thread ViewThread View
Please Login or Register to post messages
Posts per page:


Punkfeelinglucky
Posts: 4,227
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.93
agree
16 Jun '14
and looking at the price action over tha last few days this should break 1p in the next few days even without news. People are looking at oilies and looking for value. cha ching
 
panda1
Posts: 1,157
Off Topic
Opinion:No Opinion
Price:0.93
RNS
16 Jun '14
I am expecting an RNS on production very shortly. Hopefully we will see a decent rise leading up to the news. I think this is primed to break 1p and reach a much fairer valuation, especially given the rising oil price, as it's still hugely undervalued.
Punkfeelinglucky
Posts: 4,227
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.90
tincanman
16 Jun '14
quite - this should tick up with a coulple of more buys
tincanman
Posts: 1,011
Off Topic
Opinion:No Opinion
Price:0.90
Nct
16 Jun '14
Virtually all buys from open, exciting 2014 ahead....
panda1
Posts: 1,157
Off Topic
Opinion:No Opinion
Price:0.90
oil
16 Jun '14
Since early February, WTI crude has been trading above $100 a barrel for most of the time, which is good news for the company.
inkisblue
Posts: 1,331
Observation
Opinion:No Opinion
Price:0.90
oil price
16 Jun '14
continues to rise
panda1
Posts: 1,157
Off Topic
Opinion:No Opinion
Price:0.90
MSMN
15 Jun '14
It was very interesting to see the huge rise in the MSMN share price on Friday. I honestly believe NCT has the potential to do the same thing given that the market capitalisation of the company is so low compared to its P1 proven reserves.

I think the catalyst that could lead to a very substantial re-rating of the share price is the drilling of the horizontal Mathis well that is due to spud very soon. It could be announced any time as I believe the permit has been signed off.

This one well has been independently assessed by Moyes & Co. to have a discounted cashflow value (present value after discounting at a 10% interest rate) of $9.7 million - that is after all costs like drilling and operating costs have been deducted. Moyes have estimated the P1 proven reserves of the well to be 200,000 barrels of oil and 1.7 Bsf of natural gas.

The location of the well has been chosen after the acquisition of 3D seismic data. According to the seismic the well is to be drilled into a sweet spot of the oil bearing formation. The well is beside a field that has produced over 1 million barrels of oil and if you look at the seismic map the new well is in a better location to the previous horizontal wells.

If the results are favourable - and I believe that there is a very good chance that they will be very good, given the fact the well has been assigned P1 proven status because of the previous producing wells drilled in the formation - then I do not see why the share price will not react in the same way as the MSMN share price did at the end of last week.

It is well worth listening to the following presentation which shows the seismic map for the Mathis well http://www.lse.co.uk/share-media.asp?shareprice=NCT&share=northcote
tincanman
Posts: 1,011
Off Topic
Opinion:No Opinion
Price:0.90
nct
13 Jun '14
Halifax showing the the share price as 0.93p in my share account
Punkfeelinglucky
Posts: 4,227
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.90
that 2 mil
13 Jun '14
looks like a worked buy to me. people beginning to expect news I think. chunk buys comin and comin
Punkfeelinglucky
Posts: 4,227
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.90
indeed
13 Jun '14
tincanman



Share Trading BrochureRequest your Free brochures on share dealing, spread betting and CFDs

Sign up for Live Prices
Home  |  Contact Us  |  About Us  |  Careers  |  Advertise with Us  |  Sitemap  |  Terms & Conditions  |  Cookies  |  Privacy


Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.