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We don't think your a fool Helpful, don't put yourself down in this way.
That's our job :)x
Better to say nothing and people think you a fool than speak and remove all doubt.
Q3 was better than H1. Current run rate is better than Q3 and Q4 looks like it will be better than Q3: we are already nearly half way through Q4 and so ML has a pretty good idea where he is up to. The likely run rate at year end is going to be somewhere around 150 bopd: maybe a bit more. The year end run rate probably largely depends on the Permian Basin Farm in.
At the current run rate FCF is around $200k pm including $50k pm for central overhead. At 150 bopd that same calculation gives about $240k pm. That is serious FCF. It means that NTOG can fund a new drill every two months or so out of FCF. NTOG has a big inventory that can be drilled. The Permian Basin farm in alone gives 6 new drill locations. In all NTOG has maybe 20 new drill locations.
In addition, there are two further areas of PM that were of interest to farm in partners. With the FCF NTOG might decide to drill them itself without a partner.
All of the above adds to the reserves, the NPV and the bank facility.
If NTOG really puts the hammer down it might get to 200 bopd run rate a year end but that would mean doing as much as it can at Pine Mills and doing all the work at the Permian Basin farm in. The question is, does NTOG have enough time?
DYOR
Pssst.
Look at the SP.
The market doesn't buy into this bull*hite anymore.
You sell when you have maximised value. NTOG is nowhere near that point. There is a lot that can be done at PM and at the Permian Basin. Tunisia is the biggie. Free cash flow from the US can fund the work programme in Tunisia. But if it is juicy enough, no reason why NTOG can't bring a partner in for the Tunisian work programme.
There are plenty of blocks/assets available in Tunisia, you never know we might end up with more than one if they bring the right partner in.
DYOR
While the crude prices are at all time high and will likely touch 100-120 why dont they sell all assets at £10m and redistribute £9m
Each one gets 3x the current price and then the board can always look for different industry to work with as long term oil forecasts are not great and no matter how much cash they generate markets are going to discount it
Sell while prices are high and then look into where your expertise is, mining maybe acquire/develop copper
Atleast having an offer and putting it in front of shareholders at this good rates time would rerate the stock
Its probably very easy now to sell a producing asset as countries are struggling to get their hands on crude resources.
In all the crude price rise, ntog has not participated and its frustrating
The markets are ultimately always right
I have a decent holding here and not selling unless I am in need of funds but so much dirt being thrown and logfran , its a good way to make a positive experience and next venture more people/investors might actually back him up
This way if we have 4-5 years of good crude prices, electric vehicles will eventually catch up
Even Saudi Arabia encashed by putting Aramco on the exchange while they still could
Currently we are listed at below the present value of 5 years cash flow !
At crude price of $75 our net present value is $22m and we are showing £3m
Surely someone would be willing to pay us half of that !
https://www.londonstockexchange.com/news-article/NTOG/permian-basin-farm-in-agreement/14691860
15 existing wells (8 active producers, 1 Salt Water Disposal, 6 inactive)
o 3 planned recompletions
6 additional potential drilling locations
DYOR
“…The company has moved into cashflow positive territory, giving it the financial scope to explore opportunities beyond its current base in Texas. This year’s Senior Facility renegotiation opened access to further financial firepower…”
https://total-market-solutions.com/2021/11/nostra-terra-oil-and-gas-plc-2/
Morning Trolls.
Thoughts on the update?
Likely 150/170 bopd by year end. More acreage signed up in the Cypress JV, again
Serious FCF at current prices.
The next reserves up date and WFD redetermination should look pretty good.
Tunisia next!
xx
DYOR
Lol its not even worth a reply that one. Hes missing on RRR board too, his other position usually defending. Hes on the confetti shares machine on that POS as well
So much happening my head is spinning.
Looks like Matt's chief pumper has given up, just one twitter post with some random guy quoting
"What is good for exxon is good for ntog as well"
Lmao :)
I don't even know where to start with that statement :)
Reminds me of that old status quo song
Get down deeper down
Fooking going nowhere ever this outfit
LOFGRAN.. do us all a favour and FOOK OFF
Exactly
More shares added to dilute the SP even further
He did a share consolidation many moons ago and it looks like we are heading back to another one at this rate .
Watch out for the next PLACING
Woof woof. What a dawg :)
a rumour, big plans for NDOG next year, the team are going to produce 2 stickers for Matt. One saying AR5E the other saying ELBOW, then hire a consultant with of course a bucket load of free shares and huge salary to help Matt stick them on himself, once he is wearing the stickers the team hope that he can then tell the difference between the 2 body parts, and actually do something.
You can write off 2021 as another year in the life of NTOG with no activity .
No sign of a drill and nothing to propel the SP.
This is what Matt Lofgran is famous for … DOING NOTHING
When Oilman Jim dropped NDOG from his newsletter.
He covers some right howlers buy didn't think it worthwhile covering Matts lifestyle ticket company anymore :)
I think he actually compared NTOG to a family run petron Station, which I feel was unfair as petrol stations do actually make money and are not continually tapping into the market for handouts, sorry placings.
The "rerate" word getting an airing, straight out the pumpers hand book.
"Under the radar" next, or maybe a "when the herd arrives" or perhaps a "undervalued".
Gasbags on here been talking about rerate for about 5 years and it only ever rerates downwards
Don’t be a fool
NTOG is no longer worthy of a mention in Oilman Jims weekly blog. How bad is that lol
Investors initially will look for low hanging and visible fruit which are the like of Aramco, before eventually looking for smaller companies
There is steady flow of interest and market makers are willing to take a large quantity off your hand based on demand
As selling gets absorbed we will see very quick rerate
0.70 being a key resistance, if and when it crosses...
Expect nothing less from LOFGRUNT. Many years of no activity and that’s why the SP has not and will not be moving
Busy with elephant no doubt.
I would say unbelievable but, hey hoo, this is Matt and NTOG so just normal service really :)
That’s your best post so far.
That’s your best best so far.
Can’t help feeling It sounds familiar!!!!
Energy-strapped China and Japan are snapping up cargoes of American shale gas to ship it across the Pacific ahead of winter
https://twitter.com/business/status/1453073470489780232?s=21