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So I was right theres more costs............
NOW YOU CAN DYOR.......funny
Lift cost is the opex. It obviously doesn't include central overhead and finance costs.
DYOR
As usual you are either uninformed or lying.
Try reading the last production update and the reserves report.
xx
DYOR
They haven’t got any oil either !!!!’
And again I said it will not make a difference to NTOG share price ......guess what it fell even when the ramps started from $60pb. Then the ramps stopped after $73pb no daily mention of oil price. Yet it now starts again as oil hit over $80pb. I wouldn't mind the revenue stream figures that were worked out (not by the poster as it was in American not English!) were low to say the least. Someone needs to do them again and math isn't their strong subject.
I did say don' expect anything to change on SP and no investorswill take note until oil is $85pb at least. As for expenditure figures we have more expense than whats being spouted.
Don't like factual information do you? Anyway, another one for you to cry into your tea over......
https://www.bloomberg.com/news/articles/2021-09-27/commodity-giant-trafigura-paints-bullish-outlook-for-oil-and-gas
Do the revenue figures on that one. Pity NTOG hasn't got any gas....
DYOR
Jog on back to RRR you c. o. c.k
The lifting cost on the Cypress well has $10 or less because there is no water or was no water to dispose of. That may or may not have remained the same: hopefully, it is the same.
On the rest it is between $16 and $20 a barrel lifting costs. The biggest cost on these wells is the electricity and after that water disposal. The well configuration affects how electricity is used: more electricity for an electric downhole pump and less for a pump and rods.
DYOR
Out in force this morning on Twatter!
Imo. The signs are there.
And
23 weeks no news. Nothing. Nada.
Pathetic.
I wouldn't trust Matt to run my bath let alone run an oil company :)
How long ago was April 21, 2021?
It was 5 months and 1 week ago.
This is equivalent to:
13,824,000 seconds
230,400 minutes
3,840 hours
160 days
22.857 weeks
check out the pre-market price.....that lovely number as previously used (quarter of a penny)
Ramp away!!!!!
Looks like someone has p!$$3d on my strawberries.
Surely we are worth 3p as of sp pre Covid.
Now we have more oil, less overheads etc. Farm in deals.
And we are only being valued at either .65 or 1.16 REALLY!!!!!!
You will find a lot of losers on this board Nick, and you will find they tend to repeat themselves whenever they post. Wait and see what comes from them next.
Just looked in on twitter, some of the nonsense about Ndog on there is embarrassing
Never mind about expenditure figures, it doesnt fit the narrative lol.
Wondered if that was him on twatter
Nicks been pumping away on twitter too.
@APathNotTaken
Ntog going up? i nearly fell off my chair when i saw this page had turned blue,
thought i was reading a different share price,
mind you im sure we wont be too far away from another placing yet again....
Let’s all welcome new pumper Nick to the board
Looks like he’s taken over from Mr UNHELPFUL
Another lamb to the slaughter :)
Any chance you can get do the expenditure figures for us.
Ooooh, havent had a new pump & dumper for ages here.....welcome.
Defo a placing coming. Roll up roll up, bring yer grannies with their cheque books.....yeeea hah.
Pine Mills - found 37’ of Oil & in production with 100bopd (limited) & no decline. Costs <$10pb
Cypress - doubled in size & 2nd well planned. Remaining average owned 100% by NTOG
Permian - near term prod’n. 15 existing wells. 3 planned redemptions. 6 addl wells
So @ 100bopd net base on monthly median price:
Jan $148,800
Feb $159,600
Mar $193,700
Apr $184,500
May $199,950
June $212,700
July $220,100
Aug $210,025
Sep $213,000
Total $1,742,375
If you assume ave of median monthly price for rest of year (being c.$63.75pb)
Oct $197,625
Nov $191,250
Dec $197,625
Total $586,500
Total annual $2,328,875
Assume $10 lifting =
Prod’n 36,500 bo x $10 = $365,000
Total profit $1,963,875
And so much more to come
Market Cap c£3m
Conservative 6 x $1.9m is $11.4 or >£8m (SP 1.16p)
Even if net profit was $1m
Conservative 6x multiple is $6m or c£4.3m (SP 0.65p)
Excluding NEW WELLS, PERMIAN & TUNISIA