Remember we only have a handful of staff on wages. We are trading profitably and growing at a huge rate. A week ago we were told 57% increase in BOPD now an 11.6% in new well that seems to be where they flow at 350bopd so looks to me like another 50% on top of our new BOPD figures will be coming again. Also when we do the 20% wells we will see another 50%. Does a share @ 0.27p get any better. Has got 0.90p written all over this. All IMO of course.
I see Matt is in Mexico...have you heard they are allowing firms in to do seismic checks....is NTOG looking at another hot spot for oil for the future...we're working with the big boys already....The future looks good!
You have a point about costs. Matt is working on a deal where we get oil and gas production for free. The property owners will give us the land. The drillers and land men will donate their time and investors do not use money to invest.
We shall be repaying out of our production at a fair percentage, 4%. But production will far exceed loan costs,
This is truly surprising. Most, like me, were expecting Charlie Brown and the Gang type WI% (The Peanuts, cartoon-it's an American ting.)
Everyone should please note that NTOG has, if NTOG elects to participate, 20% interests in wells Ward participates.
In Pooling circumstances agreements or by Commission rulings, the party with the largest WI% gets the title and responsibility of Operator. As the old sayings goes, it is not the size that matters, but how you wield what you've got. Therefore, Ward coming in as as operator gives us a greater WI%. That is generally a rough translation of the deal.
On the less positive signs, they can invent Star Trek technology and replicate everything.
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