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I posted this on the 14 Jan '22 when the price was 0.365p. The shares are now trading around 1 years cash flow.
It is set up to be a good year for NTOG!
The oil price is looking solid at current levels or recent lows and continues to push up against recent highs.
Additional production is on the horizon and with recent reported production of around 128 bopd (if my memory serves me correctly) NTOG could be producing at consistently it's highest rate ever.
Whilst there is always the potential for an equity raise I think it is unlikely due to cash flow from operations, the available bank facility to draw down funds, and with an increasing share price the various options/ warrants that investors hold could be exercised bringing in further funds.
The share price based on the current oil price and rate of production is significantly undervalued and with the potential of more oil production to come if either 1 or 4 more wells are drilled this year per the recent stated plan for 2022.
Whilst I know there are Lofgran detractors out there I don't think this year will be the year in which the familiar criticisms will prevail.
Today is 6th day from rns saying drilling will complete in 10days.(if they worked in weekend too)
So spud will be done on Saturday this week or Wednesday next week!!
No wonder buys started flooding in today as we are very close to news or someone already seen the oil gushing???
100bopd and our mcap will be doubled!! 50bopd will bring 50% upside in mcap!!
Remember: oil is nearing 100usd!!
All coming nicely in our favour!!
Two more green boxes,lol
How nice is that,when no bullets comes to us but we can shoot at them??(derampers after filtering them)?? Lol
Hahahaha
One muppet still posting negatives?? While all his mates already bought in?? Lol.
Hahahahahahahahahaha.
0.45p plus to buy!! Hahahaha
Keep trying to get in cheap,but you will end up paying higher and higher,hahahaha.
Good post Waundwrgi.
Production increased!!
Oil prices are going all time high!!
3-4more wells to be spudded this year!!
Cash positive recently!!
Low mcap!!
And all 3-4 future wells to be funded through the revenues!!(means no need to fundraising)!!
And finally we got 10mil credit facility in place with Tunisia ahead in sight!!
What not to like??
The current well is at 100metres of producing well and so will be producing similar rates!!
That means only adding to current production!
(Reserves with this block is app 2mil barrels!!)
Dyor and hold tight, we will be much higher soon.
At $95/bbl WTI there is plenty of run room in this share based on fundamental valuation. Just to re-iterate my original post on this thread:
It is set up to be a good year for NTOG!
The oil price is looking solid at current levels or recent lows and continues to push up against recent highs.
Additional production is on the horizon and with recent reported production of around 128 bopd (if my memory serves me correctly) NTOG could be producing at consistently it's highest rate ever.
Whilst there is always the potential for an equity raise I think it is unlikely due to cash flow from operations, the available bank facility to draw down funds, and with an increasing share price the various options/ warrants that investors hold could be exercised bringing in further funds.
The share price based on the current oil price and rate of production is significantly undervalued and with the potential of more oil production to come if either 1 or 4 more wells are drilled this year per the recent stated plan for 2022.
Whilst I know there are Lofgran detractors out there I don't think this year will be the year in which the familiar criticisms will prevail.
Two weeks old,but worth watching as it is above 0.34 levels as per expectations and trigger the signal!!
Nearly 8% spread today, get them punters in. And there's no shares to buy. Joker and a fool.
Another premium pumper for the filturd bin.
Aright shamima
hahaha, LE LUND YUTANI,derampers sit all day long on one board,where they think price will go much higher.
ok tell me then why are you here?? or lost everything here and got no money to invest in any other share?? hahaha
no, no quote with real money, you might be getting with your demo account,lol
Lesson 1: Remember, RAMPERS NEVER RAMP A GOOD STOCK. Watch the board for stocks with potential. They never have any rampers. Rampers only go after stocks that are speculative or have low liquidity. Rampers get on-board, and then they want to bring the price up. The selected stock allows them to create unverifiable stories and easily manipulate the price upward using relatively low volumes.
Plenty on lse.
I would change yr broker maqsood7,
shares available on ii
haha,you are worried that you might be paying higher!!
but you missed big opportunity to buy around 0.32-0.33 area!! lol
hahahahaha
and as usual no buy quote again today!!
no shares available.
Im curious what data you pulled this conclusion from
"And that is the reason people have started taking position here."
Just a pointless cheap pump i guess.
Yeah quick everyone pile in, trains about to leave the station. Wouldn't wanna be out of this over the wkd, fully funded, no more placings, multi bagger, going to drill 4 wells this year even though only drilled 1 in last 2 years. Heck we will probably drill all 4 this week no worries, come on all aboard the NTOG express.
Yawn
sideliners should think about getting in before it reach 0.60 and they end up paying much higher!!
get in or look at the train leaving with next news!
128bopd and counting.all the next four wells are going to be funded from the revenue generated!
3mil mcap and nearly 4mil revenue generating!!
Really mada faka.
If not holding any shares f off soab.
Second well drilling to commence soon here.
Production will be rising here and so the sp will!!
Currently producing 128bopd and nearly 4mil revenue.
Hoping for at least 100 more bopd!!
And 3mil mcap look too tiny for an oil producer!!
I agree and the upward sp movement has been on modest volume.
The current year has the potential to achieve the highest level of $ oil sales ever achieved by NTOG.
Not only that for those who do calculations the sp is under valued in my opinion.
Just 3mil mcap??
Production has increased from 84 to 100 and now 128bopd!!
Which will generate 3.6mil!! (Oil 80usd)
Extraction costs are still low and admin expenses has reduced by 40%!!
Now 3-4 wells will be added and they will be funded from revenues,means only adding up in value here!!
6months update is due within few days and that will push the sp much higher!
And that is the reason people have started taking position here.
Lots of blue days ahead!!
25 tries to buy just 5k worth!!
That says it all!
No shares available and we know why!!
1-2 bagger in 2022!imo.