Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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If there’s nothing for share holders, why bother commenting. The usual drivel from a delusional misfit.
Not good, grim read.
Production collapses and so has cash. Funny how they don’t declare their overall monster net debt isn’t it. Risk here is production runs out before the debt is paid. Can’t see anything for shareholders. Amazing it’s still listed!
Not sure why lse have the market cap wrong, I’ve messaged them on it but they haven’t updated
NOGs production is declining violently and it begs the question how are they gonna pay back this debt??
A gas business in the "Stans" run by a Khan?
What could possibly go right?
And yet NOG is placed to supply Asia with gas for the next few years?
You should have 10x times less shares now
down 148% ! good going if not impossible lol !
I've stuck with this for what seems like years. Maybe this time...
£-2m
Does that mean someone will give me £2m to buy the company for free?
10:1 ~
1.69 Billion to 169 Million shares.
Down 140% ???
Also, new debt is lower and cheaper, which should improve profitability in the short term. The biggest setback I see is when the production decline will stop. The stock may be really cheap if the Ural oil discount closes or reduces, the debt is paid off and the company is still able to produce north of 10,000 boepd.
Even considering the billion and a half new shares. It is not clear to me what is the "new" debt level after the SoA, which is the actual driver for the EV at this Mcap. Production seems to be leveling and decline lowering, but still kicking
When you add a Billion and a half shares to the existing 185 million (The Scheme proposed by the Company), the market cap will look significantly different, or the price will collapse.
Also there has been a reduction in daily boe/d.
Are you sure? Because the Mcap seems ridiculous at this price
SpArmada... its a gamble. If creditors get 90%, then the rest get 10% of a company producing in excess of 15K boe per day with a $550M debt.
Otherwise the creditors own 99.99% and the rest is worth c.£77,000
That's how I see it.
Usual caveats
Does anyone know a similar case to consider for this situation? I thought of Hurricane Energy but it wasn't a SoA. It's clear the creditors will own the company after everything is settled.
Someone might find it tempting… Or the restructure is to be completed in the first half of the year?
I think someone will get NOG soon…. With current oil price debt it’s not problem anymore…
Operational
· Noting the recent unrest in Kazakhstan and the evolving environment, we confirm no Group employees were harmed and our operations continued undisrupted. We will continue to monitor the situation and any potential future impact on the business.
· Average daily production after treatment for 2021 totalled 17,032 boepd with average daily sales volumes for the year of 15,330 boepd. Condensate is sold when there are sufficient volumes to fill a cargo and inventory builds in the absence of a sale. There was approximately 268,000 boe of condensate in inventory at the year end.
· We continued our well and reservoir management activities that are supported by well workovers and interventions. These are generally not capital intensive and offer reasonable risk / reward. These activities will continue in 2022.
· We continue our focus on pursuing ways to monetise spare capacity in the gas treatment facility through processing third party volumes.
· We remain extremely vigilant in respect of COVID-19 and the latest Omicron variant. We continue to implement stringent precautionary measures and we believe we have the systems in place to monitor and manage the risks presented by the pandemic in west Kazakhstan. To date, no production has been lost because of COVID-19.
The gas infrastructure is worth a lot but the only taker so far is 2024. 13% pik interest is a killer and reserves on the current licence are questionabe.
I wish twere
Not pounds
NOG.L This is a penny share or the price is on pounds ?
Newbie