The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Holy shiitakes that’s worse than my figure which was the daily increase you keep going on about which was $1.46 using spot price.
Doesn’t look much when you break it down. Then lose a few barrels. I think it backs up my claims and rants we need increase
In production. Thank which every god you believe in that H2 pulled back production above 100bopd where we were start of year.
New narrative is PRODUCTION PRODUCTION PRODUCTION & PRODUCTION.
Try that one next week.
25 weeks
Arithmetic old chap.
Average production H1 was 84 bopd
Average price was $63.28
If the price the other day was $80 then the delta (that is change or variance to you) is 84 x (80-63.28) = $1,404
But that assumes that the AVERAGE production for h1 is the current production level (not very likely). So revenue would have been 84 x 80 = $6,720.
IMHO production is north of 100 and somewhere around 100/130 bopd. In which case the delta and the revenue are both much higher.
All IMHO
xx
DYOR
Emmm
Today WTI went up $1.46. We all made $122.64!!!!!!!!!!!!
I don’t know about you but I think that will pay for your tomorrow breakfast. Oh and please don’t get up early in the morning with your words of wisdom copy and pasting ****
Evening, Trolls. All
https://twitter.com/business/status/1447584051481751552?t=fv0Mjhwtzvz-qrxBa7sJ3g&s=19
WTI $81.13 Trolls.
https://www.energyintel.com/0000017c-6076-d59f-ad7e-6ef6c10d0001
I’m messing with him this morning!!!!
I can fill his frustration for being locked in. He got sucked in with the promise of 52 virgins .
If we leave the ramping to you 3p will never happen.
Surely you can appreciate 3p value which was our sp before COVID.
Now with less overheads, and higher oil price you would think I we would be back to 3p or somewhere near it. Obviously something isn’t right for markets to think the same way. But I’m glad we have you because with your 30 odd years of investing and oil patch knowledge you keep me grounded.
Billy, I wouldn’t waste any more time and effort on that deluded foop.
He clearly has mental health issues talking to himself. He’s become locked in from last year and is doing all he can now to pump it up.
I’m BLOCKING UNHELPFUL NOW as he’s simply a boring pumper
Again, do your homework. A barrister knows never to ask a question to which he
or she does not know the answer.
Three of them are in here. We have done well and expect to do better.
I hope you get your 3p Billy regardless of all the stupid, uninformed remarks.
xx
DYOR
sorry typo fat fingers.
I would stick to minig not oil!
And doing all that and you find yourself in little old NTOG.........................I hope you don't tell your friends in the oil game your invested in here.
I would stick to mining and oil
Ha, you need to do some reading on fallacious arguments.
I wake up early up and start my reading. I have investments across three time zones. A cup of tea and a toasted smoked salmon sandwich in bed whilst checking stuff out is just fine.
I need to check movements on ASX. Currently looking to time a move into iron ore and silver. I also have to swap messages on our US oilfields. FYI we switched a well on Thursday: currently running at 45 bopd + 250 mcfd + NGLs. Been switched off for three years; it cost $45k to put it back online
Anyway, do your numbers. On any basis, you are on a losing wicket. The high prices may not last but for the moment they are there.
xx
DYOR
WTI $81 incoming Trolls.
On a personal note.....................you must have been desperate to start ramping at 0612hrs this morning.
A little pointer that will help you to ramp and unlock you from the current sp as it doesn't look like your going to get your warrants anytime soon (lucky escape if you ask me). Try putting these words in the next narrative......PRODUCTION.......WELLS......WI%.
You make it sound so simple. I doubt that NTOG sells oil at spot price. Also you do know that somewhere hiden in your fag packet calculations operating costs will have gone up as well. Everyone will want a slice of the pie.
Greed is accountants worst figure.
The market says thou doth protest too much helpful :)
SP 0.435
As I said Billy, go and get yourself a pencil and paper.
$80 - $63.28 = $16.72
$16.72 X 84 X (365/2) = $256,317
That covers the H1 loss. That is AVERAGE production for H1.
It looks like NTOG will be profitable for 2021.
DYOR
Your talking to yourself again.
Cash flow positive narrative
NPV rubbish narrative
Reserve’s narrative
Loan facility narrative
Gas price naresh
Wti narrative.
All the above has not helped one but this year. 10 weeks left of 2021. You’ve been locked in for over 12 months that must really hurt. Don’t expect SP to go up until we increase production by 40 to 50bopd and the market knows what we are doing with the increased revenue.
Any always happy to p155 on your strawberries!!!!
Get a pencil and paper, do some numbers.
Average 84bopd H1 including some major outages.
If you don't understand average look it up.
DYOR
https://twitter.com/SStapczynski/status/1447451397717434368?t=9VK2g-t2DnMAcvBWvqSDMQ&s=19
Likely oil is headed higher near term.
DYOR
And how has that helped NTOG.
All year you banged on about WTI. As it has gone up you forgot to mention our oil production was falling.
Let’s hope CEO can increase oil production to where we are supposed to be. Otherwise we have a rug one backwards.
Never mind if we don’t hit our targets there’s
Always next year.
Morning Trolls,
WTI $80.40
https://twitter.com/JavierBlas/status/1447265265331412993?t=PXzMUy-GjKWPhSf6_pMV3A&s=19