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exactly it’s the same business model he’s used for 15 years, yet hes so thick to understand the model is not working
more placings, more dilution on the way.
another share consolidation ??
what ever he does you can garuntee the share price will not move and this will drag on for another 15 years until lofgrans has stolen enough cash from the company to retire
let’s face it, who the ******* would give this clown a job with his track record wrecking his own company
lmfao
I did listen to that podcast last night,
So If they were to strike oil, then no
doubt there would be yet another fundraise
to take it out of the ground.
And so the cycle goes on & on & on. etc. etc.
Https://www.youtube.com/watch?v=LIdwI8ES4-8
Podcast lofgran has given
How many of these have we heard in 15 years?
Same old rhetoric, same old crap, lip service
Don’t believe a word he says
Still not answering the question then.
To those that don't know, Mr S Lundy (Helpful) has been asking the same question of particular poster on RRR for many months and not getting a reply.
However, when I do it to him I need to grow up.
That folks is the sort of person you are dealing with.
Split personality describes him perfectley.
f off you total *******
go and ramp up rrr
you f in piece of scum
Yawn.
I ask you to justify your accusations and that makes me a child does it?
What you mean is, you've been called out and that's your only response
What a pathetic individual you are.
Like I said, a two faced hypocrite.
Janica, grow up you child.
Its gonna take a seismic wave to move this share price.
Im certainly no troll, but i am critical of a company whose
share price has flatlined after investors have put so much
of their hard earned money into it.
I want NTOG to fly high as anyone else who's invested here.
Its just so frustrating so watch this ever dwindling share price go downwards.
So let's wait & see if this new venture is going to strike oil,
We eagerly await....(again)
No answer to my queston I see.
Obvious of course why you would not want to address it.
It would show you up for the two faced hypocrite you are.
Https://www.erieco.gov/DocumentCenter/View/11634/Seismic-Testing-FAQs#:~:text=The%20cost%20of%20acquisition%20depends,to%20acquire%203D%20seismic%20data.
$75k x 125 = $9,000,000 ish.
So NTOG just got access to $9m worth of seismic for no upfront cost.
Pretty decent deal.
Cost of the carry $800,000 x 3 x0.125 = $100,000. Incurred as and when; plus as operator NTOG gets to bill the JV for its costs.
Sounds like good news but that probably doesn't help with the digestion.
DYOR
Something to help with your digestion issues:
https://x.com/NTOGplc/status/1747153407893270587?s=20
https://x.com/NTOGplc/status/1747241983276408865?s=20
NB try and work out how much 3D seismic over 80,000 acres would cost.
DYOR
ML says...'This is an exciting time for the Company and I look forward to reporting on our results in subsequent periods."
But it's not an exciting time for shareholders, as we're about to be diluted to kingdom come yet again.
No one is interested, no one is buying. Jam tomorrow RNS to get the placing away
Oh
Well Fouked !
Billy, I suggest that never has a name of a well been more appropriate for a company like ntog.
You only have to put a "D" on the end and it sums this company up perfectley.
The line in RNS I was on about is this
“ The Fouke wells at Pine Mills have been a great succes”
I don’t believe he used the word “have” shouldn’t it be they “are”
£300k really?
It’s either a deliberate attempt to pull price sp down so its cheap pickings for some one. Or very very poor management of revenue. You would think we made a good profit this year as we have done sweet FA all year. I have said in the past every barrel we sell we get in debt further!!!! It’s a brilliant loan facility we have.
We don’t a growth plan we needed a drilling campaign on existing assets. Most likely our present partner doesn’t like what we say or do. Nice little line in RNS about present wells on PM. Surely they haven’t declined with increased choke.
Anyway looks like warrant holder given an ultimatum.
If unhelpful helped himself to cheap shares and forward sold them.
This confetti raise is basically to pay the overinflated salaries. The p1ssy income from wells covers costs just, not fat greedy pigs bods salaries. 6-12 months then bankrupt is my bet, how can they repay the 4+ million of debt? they cant. Paying a few quid for seismic data? so what they wont do anything with it anyway they cant afford to drill anywhere. Sold my shares ages ago, couldnt see any point in hanging on, was only going one way.
this is the final nail in the coffin . matt lof**** has now fked his own company. 15 years as ceo and this is what it’s come down to.
he managed to crash to share price to a record all time low, diluted again the sp, it goes to show that there is no money in the company.
let’s have you in london lofgran to answer to the people who pay your scandalous wages
Turn off the lights when you close and lock the door, this show is over now!!
LOL so predictable
So our growth plans have produced a 25% reduction in SP. Well done BOD. Shouldn't this be reduction plans. The only hing that is growing here is the number of shares. Useless!
The confetti canon ball has been fired, & were about to be diluted even more than before.