I didnt mean god is needed to help ntog, i am sure it will make money for those recently invested here at low price. I meant god save me from basing anything on a feeling.... have been here over four years and regular poeters will tell you i am usually positive (except when it comes to mr snake oil) but had enough now and just looking for an exit - so i 'hope' you are right!
a very strong feeling that we at the beginning of a very strong bull run for NTOG. We aren't far from details of WB, the oil price is stable, albeit at lower levels, and looks set to slowly rise, we are on Malcy's "radar", and there is always the possibility of press comment.
...for the last two placings ("there are no plans for a placing") and the YA Global deal that saw the sp drop from the fifties to the teens. Only someone with your style of operating could have achieved such an impressive turnaround in the fortunes of the sp within such a short timeframe...
statements from Matt. worth just revisiting the strength of it and where the SP will get to. Doubled production, low costs and still cash flow positive below $50. strong stuff and a solid foundation and for that we have Matt and his style of operating to thank. Great controls and disciplines in place.
"We have focused our existing portfolio of producing wells on conventional reservoirs that offer a lower cost of production, especially compared to the unconventional (shale) plays. Over recent weeks, Nostra Terra's net production has more than doubled and , despite the recent decrease in crude oil prices, we have increased our revenue significantly.
"In the last Quarterly Operations Update we announced that we were cash flow positive. We expect to remain cash flow positive at our Chisolm Trail operations even if oil prices were to drop below $50 per barrel."
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.