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Nostra Terra Share Chat (NTOG)



Share Price: 0.285Bid: 0.28Ask: 0.29Change: 0.00 (0.00%)No Movement on Nostra Terra
Spread: 0.01Spread as %: 3.57%Open: 0.285High: 0.285Low: 0.285Yesterday’s Close: 0.285


Share Discussion for Nostra Terra (NTOG)


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Tommy85
Posts: 1,051
Off Topic
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Price:0.27
Can someone tell me
19 Mar '14
If i am way out with what i am saying?
 
Tommy85
Posts: 1,051
Off Topic
Opinion:No Opinion
Price:0.27
UKI
19 Mar '14
So if we are currently sitting at 94.2 boepd. We have the well announced yesterday CT 15 11% WI / CT 14 20% WI all of the others CT 10/11/12/13 where we have little sniblings in but will add to our daily output. If we use a conservative figure of 350 boepd which i believe is average from CT atm, CT 14 would add 70 boepd CT 15 35 boepd and the rest make it up to say 15 boepd makes it 120 boepd on a conservative calculation now i dont know how to work net results out? haha. But add that to 94.2 boepd
UKInvestor
Posts: 2,434
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Opinion:No Opinion
Price:0.27
Tommy85
19 Mar '14
Yes, but look at the wording closely.

' In the most recent Quarterly Operations Update the
Company's daily production rate stood at 60 boepd net to NTOG. The addition of
the production from this well and the recently announced CT7 & CT8 wells
represents an approximate 57% increase in total daily production.'

It doesn't explicitly say we are producing 60boepd at the time of the new wells coming online, just it represents an increase on the latest market available figures.
Tommy85
Posts: 1,051
Off Topic
Opinion:No Opinion
Price:0.27
Just been doing some calculations
19 Mar '14
From the RNS we had saying 57% uplift in production. Our production rate stood at 60 boepd with a 57% increase this makes it 94.2 boepd?? Am i right?
Biffus
Posts: 10,551
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Price:0.27
uki
19 Mar '14
I see that as a good thing! Nobody likes bad news...so 11.62% is good...and to top it off we will hear about production soon...
UKInvestor
Posts: 2,434
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Opinion:No Opinion
Price:0.27
CT15 WI%
19 Mar '14
My interpretation of the announcement was that WARD have taken over operations of the well, which gave NTOG 11.62%, i doubt it will increase.

It just shows that, while this happened in our favor, it could also happen against us. I like how ML waits until everything is sorted before announcing to the market. Imagine the SP dump if CT14 WI% was cut by 50% :/
Tommy85
Posts: 1,051
Off Topic
Opinion:No Opinion
Price:0.27
Biff
19 Mar '14
12.26 post. I see where your coming form there. So ward will take over form husky and we may possibly get a larger WI? Interesting spin on things
Biffus
Posts: 10,551
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Opinion:No Opinion
Price:0.27
tommy
19 Mar '14
Good to see positive comments from happy investors understanding that ntog is moving forward and all we need is a bit more confidence from the market
Biffus
Posts: 10,551
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Opinion:No Opinion
Price:0.27
super
19 Mar '14
Ward taking over CT 15 will it get an increase in Wi when they do for us?
Tommy85
Posts: 1,051
Off Topic
Opinion:No Opinion
Price:0.27
Also
19 Mar '14
Nice to see a bit of a buzz back on this bb!!! :)



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