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That NPV calculation didn't include Caballos Creek, the Permian Basin Farm in or the Cypress farm in or the extra acreage in the farm in. It is likely that the NPV now will be a fair bit higher even without the higher oil price.
DYOR
I am in a lot of stocks and read the BB of them daily.
I have never seen a poster who's entire time on here is to continuously attack a stock.
Why? Did you lose money a while ago or did you work with them and leave or do you have a person gripe about the owner?
"$30 million of investors’ money"
This amount sounds about right however in July 2020 when price of crude was hovering sub 40s, the NPV of Pine Mills and Permian Basin was $24m
Price of crude is on the rise, so npv is likely to be 24/40x60, roughly $36
Most companies trade in the region of 10-20% discount to net present value depending on how close they are to producing
NTOG is trading at probably 10% while in the process of producing
As we keep getting subsequent updates from now to next 2-3 months I dont have any doubt we will be atleast 50%, possibly more of that npv
If crude prices go to 100$ as some banks are now predicting, thats a solid upside.
The downside is what, it might trade back in 0.30s ?
Currently the market cap is roughly $5.5m, putting it at 50% of 36m is 3.2x current price
I think thats a fair risk/reward ratio
Jim likes to think he knows it all.
Thats fine Oil Man Jimmy.
Fantasy DAVE
Another flyby poster clueless to the history of this shocking outfit.
As said by another poster , it’s all factual information.
Matt lofgran has been at this game for 11 years and has only managed to amass a little over 100 bopd.
Yet he and the various members of the board have taken extortionate wages over an 11 year period, they’ve also squandered over 30 mill of investors money whilst getting rich from this lifestyle company
Turnover of a small petrol station:
1. An old statement, out of date then and more out of date now.
2. Related to when NTOG had shut in some production at PM
3. Production back online in the higher price environment
4. Cypress well online
Cashflow positive at $40 pre Cypress coming online. Lifting cost at Cypress <$10 per barrel. With $64 oil and production around 130bopd, NTOG is cashflow positive by about $140kpm.
Small petrol stations don't make $140kpm. When the next drill comes up with Cypress the likely cost will be about $600k (the road is in plus all of the topside kit): NTOG's share will be 32.5% x $600k = $195k. Ie., the drill can be funded out of cashflow.
DYOR
Fantasticdave
"Also a reminder that this man's entire posting history on these boards is to attack this stock"
Appears to be a factual history lesson which is out there in black and white imo.
What parts do you consider an attack and/or factually inaccurate?
Yes the share price is moving in the right direction. Long may it continue :)
Also a reminder that this man's entire posting history on these boards is to attack this stock
It's almost tripled in price this last year
"crying with laughter face"
Oh dear me.
To those investors thinking of parting with their hard earned cash. Read this before you throw your money away
OILMAN JIMS POST
Let’s remind ourselves of JIMS summary a few months ago
Since I’ve seen a flurry of promotional tweets this week regarding Nostra Terra Oil & Gas (NTOG), which can only be aimed at unwary newcomers, I’ll comment on it.
The problem is that no one apart from the directors, brokers, PR companies and paid social media posters is ever going to make a profit from it.
It’s essentially a small business (with a turnover similar to a petrol station) whose operating profits, if any, can never approach covering a quoted public company’s overheads.
Even with a profit of $10 a barrel at the operational level (which is a generous assumption since many fields in the area do not even achieve operating break-even) NTOG would need 500 barrels of oil per day production just to cover administration and other expenses.
Remember, they’ve been at it for years, have achieved nothing other than massive losses for shareholders, and in the process squandered nearly $30 million of investors’ money.
There’s always an exciting new project to draw in new punters, but it always fails to reward them. A huge avoid.