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Started: Swell2316, 30 Oct 2023 08:58
Last post: Swell2316, 30 Oct 2023 08:58
If there’s nothing for share holders, why bother commenting. The usual drivel from a delusional misfit.
Started: JAdams5000, 14 Sep 2023 21:11
Last post: JAdams5000, 27 Oct 2023 07:11
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??
Started: formerlyeasyp, 4 Sep 2023 07:18
Last post: formerlyeasyp, 4 Sep 2023 07:18
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?
Last post: SpArmada, 10 Feb 2023 17:22
You should have 10x times less shares now
I've stuck with this for what seems like years. Maybe this time...
Started: Ilovesushi, 10 Feb 2023 13:07
Last post: threeputt, 10 Feb 2023 15:36
down 148% ! good going if not impossible lol !
Down 140% ???
Started: Ilovesushi, 10 Feb 2023 13:12
Last post: Manraj, 10 Feb 2023 13:25
£-2m
Does that mean someone will give me £2m to buy the company for free?
10:1 ~
1.69 Billion to 169 Million shares.
Started: SpArmada, 18 Aug 2022 09:48
Last post: SpArmada, 10 Nov 2022 18:12
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
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.
Started: robizm1001, 24 Dec 2021 09:29
Last post: robizm1001, 24 Dec 2021 09:29
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.
Started: Qwerty15, 23 Dec 2021 23:18
Last post: Qwerty15, 23 Dec 2021 23:18
Last post: Dolly1601, 8 Oct 2021 13:01
I wish twere
Not pounds
Started: SelDuke, 1 Oct 2021 13:19
Last post: SelDuke, 1 Oct 2021 13:19
NOG.L This is a penny share or the price is on pounds ?
Newbie
Last post: Dolly1601, 28 May 2021 00:15
Solid knowledge not fly comments
Last post: Dolly1601, 28 May 2021 00:13
Keep the faith , it'll come good
Started: camperdown, 6 May 2021 15:29
Last post: camperdown, 6 May 2021 15:29
i think they may have got this confused with northern gas NOG(usa)
Started: PaperHands, 5 May 2021 21:24
Last post: PaperHands, 5 May 2021 21:24
money money everywhere but not a drop to comment
Last post: Dolly1601, 5 May 2021 11:21
I meant go, but you never know
Started: Dolly1601, 5 May 2021 11:19
Last post: Dolly1601, 5 May 2021 11:19
Again...
Started: Midastouch2015, 1 May 2021 03:16
Last post: Swell2316, 1 May 2021 06:44
73 percent rise on no news. Is there any significance that it happened late in the trading day with no more trading until Tue? Let’s see.
???
Last post: Swell2316, 30 Apr 2021 20:20
According to the last update on 27 Apr, debt is $1.1 billion. There has been some massive share volumes moving over the last week, either someone is taking an interest, they’ve got a debt for equity agreement in place or this is the last hoorah before it sinks below the waves. Get yer stop losses in place.
That's exactly what I thought
Last post: Swell2316, 30 Apr 2021 19:50
They also have a world class gas treatment facility which cost $2 billion, this will be used to process 3rd party gas as well as their own and being that it’s the only one of it’s kind in that area it’s worth every penny. If/when they monetise that facility cash will roll in and the debts will be stabilised. It’s still a risk but, they’re in a transition from exploration/production to production/treatment and export. Gas is becoming very profitable and their location is close to key markets. As I said, it’s still got significant risk but, the rewards could be worth it. DYOR as always.