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ok cheers,not in here,but someone else was watching the trades go through on the cnbc ticker
and was knocked off his seat.lol.
Then if you check the figure on here :- https://www.lse.co.uk/rns/NOG/form-83-nostrum-oil-and-gas-plc-3kdj6ttsjd9tysa.html
The trade for 18,680,963 was Aberforth I believe
I've got Volume: 70,716,629
on cnbc,it gives volumes of 70 million,but only 44 on lse,dont know which is correct,but ide imagine an holdings rns is due.
interesting
No brainer now
Lovely end to the day, roll on Monday
over 40% of the shares in issue,traded today?.......
NOG was setup to deliver 100,000 boepd but never got there. Production has never met target. Year on year it has been the same. It is hard to know if they are just poor at drilling or suffering from chronic optimism in depleted field. I wonder if the new target of 20,000 is, for once, the truth and dependable. The only positive for now is that they are not going to burn more CAPEX drilling random holes etc. At least on a cash basis they should be able to service the debt for another couple of years while they do some deals on gas processing ... or get better analysis of their reservoirs and where to drill. I think it is a hold and see what happens in the next year.
Hope this is it (based on my charts) so dipped my toe in @ 11p
wonder where the bottom will be this time
In which case you should be feeling more positive. I wonder what multiple of the current price will be realised if they pull it off. ”The Company has already announced its first processing contract with Ural Oil and Gas who will deliver 500 million cubic metres of raw gas per annum. In addition, the Company is in discussions with other parties potentially interested in supplying raw gas to completely fill the spare capacity. Whilst the outcome of these discussions is uncertain and details of such negotiations are commercially sensitive and confidential, a successful outcome would lead to securing materially transformative, stable long-term revenues.“
Unfortunately your short call at 8p was a feckin disaster :)
Nickel_Investor
Posted in: NOG
Posts: 4,588
Price: 8.00
No Opinion
RE: Going bust because of the debt11 Oct 2019 08:06
It’s a case of getting out , grabbing what you can salvage before the inevitable
Bought back in at just under 15p before Christmas, excellent day today, rumours of a seller all but done and a buyer in the background, nice
The master of over invest, over promise and under delivery is gone.
Nice 3.5p rise last week, let’s see what this week has in store for us. Another blue week would be great, slow and steady.
Not a lot that we didn't already know in the RNS today, but here are some of the highlights.
Financial:
· Revenue of US$250.3 million (9M 2018: US$311.4 million) - down mainly due to oil price, with this now predicted to rise we could recover some of that loss.
· Net operating cash flows of US$160.2 million (9M 2018: US$151.3 million) - Up due to efficiencies
· EBITDA margin of 63.3% (9M 2018: 60.3%) - More profitable
· Closing cash for the period of US$91.3 million - Down slightly due to revenue reduction but a solid balance.
· Total debt of US$1,113 million - Debt being paid down from revenue
Operational
· GTU3 commissioning complete - Huge bonus to have this now online.
· 44 wells currently producing - 18 oil wells and 26 gas condensate wells - Solid producing assets
· 9M 2019 average production after treatment of 28,877 boepd
· 9M 2019 average sales volumes of 27,515 boepd
· Schlumberger and PM Lucas reports delivered to the Company - Will help add further effiencies for the business model.
· Extended licences for the Rostoshinskoye and the Chinarevskoye fields
· The company in June began a strategic review, which could include a sale of the firm.
Shares were 4.1% higher on Tuesday morning in London at 21.70 pence each, having lost 89% over the past 12 months. Five years ago, they were worth 623.00p.
Yes, there is debt but as noted this is being paid down inline with the terms of the loans with income from our producing assets, with a historic price of 623p and 44 producing wells, there is a huge upside here and the possibility of a sale.
Time to top up for me.
would not take any notice of what this lying individual writes , as he is a lying barstard , he should be banned from lse for the blatant lies he wrote about eua ,
No posts since Wednesday? What's going on? SP below 20 but 4.39% up on the day with a large amount of late trades. Surely there must be some opinions out there.
Morning GimmeShelter, I am unsure, there was a lot of noise about positioning for a takeover/being in a great position for a takeover a few weeks back given the producing Assets that the company has. There is substantial debt here but that's being paid down from the income and with the oil price looking likely to rise in 2020 that's also positive from an income perspective. let's not forget that this has a year high of £2.
Good morning Nickel Investor - looks like you've made it onto the Mothercare board this morning. What's your motive there today?
Thanks for that Panch. Does this mean the company has made itself open for takeover bids? If there is an imminent takeover, why is the SP drifting down?
Forms 8.3 and 8.5 are disclosure forms required by the Takeover Panel to clarify material interests in the share register of a UK-listed company that is in a bid situation. Any person or institution that has an interest of more than 1% of the share capital of a company in a bid situation (on both sides of the transaction) must disclose any dealings in those shares and their resultant position.
Form 8.3 should be completed by the shareholder to clarify what they have bought or sold and the resultant size of their stake. Form 8.5, meanwhile, should be completed by any principal trader that has dealt in the shares.
These disclosure forms are required as part of the Takeover Code which aims to ensure an orderly framework within which takeovers can be conducted fairly and appropriately.
Not a lot of chatter going on is there GimmeShelter, don't think we're heading for the rocks just drifting at the moment, expect us to get a bounce of 18p-ish, get ready to top up :)
DYOR GLA
The next impulse, as expected, will be news on the processing of third-party raw materials at GTU-3. Or a positive forecast for 2020, an increase in production and processing, in connection with the launch of the third installation.
Sorry for ignorance, but what are these RNS's that start with 'Form 8.5'? And why are there more RNS's today than chat posts? Is this company heading for the rocks or is there a turnaround ahead? SP has just hit 20.00 - is this the bottom or will it go even lower? Come on everybody - wakey wakey!