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Singer, well that is the issue isn't?
Investor goes gung ho, bullish as you like. Gets it wrong, loses money and so everyone else is to blame.
It is not my fault or anyone else's that you got it wrong. I have only ever made money on NTOG. If I can make money, why can't you?
You could have bought last year at around 0.28p, the same as anyone else. If you had you would be sitting pretty or you could have traded in and out and done better.
Look in the mirror and point the finger, that is where your problems lie.
xx
Let's hope NTOG does a bit better.
Not a typo as I was in a fury after I found out it did not come with a free oil field.
Helpless, I am fluent in French but it did not stop me getting ripped off buying a fury camel in Hammamet.
Singer, I can now see why you lost your money.
The comment from Oil Man Dim that Steel Tit keeps posting referred to a specific set of circumstances at a point in time. The comments were misleading at the time they were posted and more so now as the company has made progress.
You claimed I commented about 1p: I confirmed how close to 1p NTOG came and when. That fact doesn't change because of the elapse of time.
Yes I expect NTOG will be looking pretty good by the end of 21 going into 22: take a look at current oil price forecasts for the end of year and do some calculations on likely cashflow for NTOG. NTOG is currently doing somewhere around 130 bopd; at an extra $15 a barrel, that gives an extra $1,500 a day or an extra $45k a month. The company has already confirmed on a few occasions that it is cashflow positive. If you do the calculations, it is probably cashflow positive by about $50k/$75k pm dependent on any issues with wells. Add in the $15 per barrel and that would give you around $95k/$120k pm.
That is without any further work on assets, both new and existing. The above means that NTOG can do quite a lot out of regular cashflow without going back to the market for funding.
Anyway as always. Lets see.
DYOR
52 week high, 0.78p. Fairly close and that is not the intra day high but the close of play high: according to LSE.
Intra day 52 week high was 0.85p on 11/02/2021 according to IG.
This is well undervalued based on what it has already got. The SP doesn't reflect the rise in the oil price and the effect it has on revenues.
I expect that Billy will get his fabled 3p fairly soon.
What you and your fellow stale bulls/trolls don't get is that opportunities are opening up to NTOG because of the progress that has been made over the last year. Those opportunities are both in the US and in Tunisia. Note plural. As you have seen from Zenith, there are deals to be had in Tunisia.
One thing that you might not know is that ML is fluent in French. The official language is Arabic but the language of business in Tunisia is French. You also need to look at Steve Staley's history at Upland Resources.
"Steve Staley, CEO of Upland Resources Limited, said:
“As a team, we have several decades of experience and knowledge of exploring in Tunisia. We believe that Saouaf will form an important part of Upland’s portfolio""
If you read stuff, listened to interviews and then did some research, you would have known where NTOG was likely to do an overseas deal(s).
DYOR
We have already established where you stand in the ability to read english stakes Singer old bean.
I said, "The NOMAD has agreed and let the RNS out, therefore it is not a ramp or speculation, what is in it has been substantiated to the NOMAD'S satisfaction."
From the RNS, "Completion of the initial transaction is not certain, however Nostra Terra has exclusivity, has negotiated terms and is waiting final approval."
What does the term, "final approval" mean? It means that it has to go through a complex process some approvals have been forthcoming and that the "final approval" is outstanding.
The NOMAD has looked into the contents of the RNS and verified them. Therefore, NTOG:
has exclusivity
terms have been negotiated
awaits final approval.
This was a material RNS hence why it has gone out. If what has been achieved was not material, the RNS would have been held back.
In lots of oil & gas deals, they get announced but are subject to completion. NTOG announced two deals last year that hadn't closed.
You can take it that the NOMAD thinks that the content is material and that the content has been verified.
The speculation is coming from you and your little gang of stale bulls. The reason more detail has not been released is because it is commercially sensitive until all the i's are dotted and t's crossed. The fact that the RNS has been put out, indicates how significant this deal will be in due course. You should also take on board that it has taken a year to get to this stage.
DYOR
billy101203
how long more to wait .you been in here since last 10 years plus
As usual people making stuff up and then extrapolating from there.
The NOMAD has agreed and let the RNS out, therefore it is not a ramp or speculation, what is in it has been substantiated to the NOMAD'S satisfaction.
You know nothing about the asset other than it is in Tunisia but you can hold forth about it, WI, capex and production.
The Cypress deal was agreed in early 20 with oil around $30 it was a good deal then. NTOG has said that Cypress will be drilling the 2nd well in H2.
Hindsight is a great investment tool but available too late to make a difference.
DYOR
Like I said yesterday "Better off not saying anything sometimes"
No traction in todays RNS a pointless waste of time for news sake. Usual lines of Cash flow postive, new deals, new wells annouced, increased production have added no momentum to sustain SP rises. However we have fallen below last placing price. Normally AIM wouldn't let you send this type of RNS out in days gone buy. You can't have a Director creating his own specutaltion. This job is normally for the "The PR team" (ramp crew ) totally useless.
For such a new venture your going to need $5 to $10 million for it to be large enough to be a game changer at least. ( I'm hoping its not a 1% WI ) If we had the money to look at new venture. We should have used it to develop present assets. We just haven't got it. We can't even drill our own sites. We have had to farm out the crown jewels knowing perfectly well that the asset is a goer. 2nd well on Cypress was another giveaway. Knowing what you do off 1st well, why not do the 2nd well yourself of take a larger WI in it. Whislt this was happening the partners are "landlocking your assets by buying the land around yours.
3P soon