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There was only 1 sell on friday 242quids worth lol
This is from a DM to me yesterday from Matt after I asked him about the recent RNS and bopd.
We shut in half the field for awhile when prices were lower. Look at the average oil price for all of the first half. We've been bringing the wells back on.
It’s good that others are now seeing what us longtermers have been trying to warn you about.
Matt Lofgran and his NTOG outfit is and always has been a lifestyle company . Nothing will ever change.
He took over NTOG in June 2009.
In that 11 years, he has quadrupled the original share thru many placings, got involved in joint ventures which went tits up, the latest being the Eygpt fiasco. He bought countless pieces of land and done nothing with it.
He surrounds himself with so called ‘industry experts, Alden Mcall, Ewan Ainsworth , who contributed the square root of fook all, but took thousands of pounds in the process.
Seriously in another 10 years, Lofgran and NTOG will be no further forward than he is now.
This is not just a prediction, but FACT, based on my personal experience since 2009.
He will blame everything and everyone on NTOGs downfall. He is personally responsible and as another earlier poster stated.. Any other underperforming CEO of a company would have been SACKED years ago.
LOGFRAN is simply a dreamer and fantasist
Amen
Banana boat
Tried to warn you , but you blindly invested without any research and proceeded to rip into the long termers who tried to educate you.
Perhaps you’ll learn from this experience .
Thats your best post on this board, well done lol.
400k wont even cover directors inflated salaries nevermind actual legit costs. Jokers.
Bananaman2 didn't last long. Thought he would have at least hung around for his 1.2p.
Next please :)
And how much is our CEO paid?
67 bopd after 10 years at the helm, anybody in any other industry and position would have been sacked years ago!
Yep. I am out.
Took a couple of quid loss. And it was a couple of quid ! Dont care if this goes up or down. I have done bigger dumps than 67 Boepd.
Good luck anyone who remains. Consolidating the PF and battening down the hatches. Cutting out the losers, keeping the winners and diversifying a little.
I am going to miss you Steeltitan. Seriously, I am !
67 measles bls
Total crap
Highlights:
· Revenue for the period of $417,000 (30 June 2019: $947,000)
· Gross loss from operations (before non-cash items of depreciation and amortization) for the period of $115,000 (30 June 2019: $106,000 profit)
· Average production during first half at 67 boepd net to Nostra Terra (2019: 98 boepd)
· Hedges for all 2020 range from $55.15 to $57.18 per barrel
· Sr. Lending Facility remain in compliance throughout year and currently
· Dr Staley joins the Board (3 Mar)
· £318,000 fundraise (8 Apr)
· Pine Mills Farm-out, in which NTOG get a 25% carry potentially increasing to 32.5%
· 60% reduction in monthly overheads (in effect from 8 June)
· Discovery loan extended to April 2022 (8 June)
More smoke n bluster, pop it in the bin with all the others
Just haven't got the stamina for this share.
All sprinters and no marathon runners :)
.....so says another poster who has been previously burned here, give it a rest will you! There are plenty when take the opposite view to you so take your repeated drivel and shove it in the bin.
OIL MAN JIM
SPOT ON, couldn’t put it any plainer
Since I’ve seen a flurry of promotional tweets this week regarding Nostra Terra Oil & Gas (NTOG), which can only be aimed at unwary newcomers, I’ll comment on it. The problem is that no one apart from the directors, brokers, PR companies and paid social media posters is ever going to make a profit from it. It’s essentially a small business (with a turnover similar to a petrol station) whose operating profits, if any, can never approach covering a quoted public company’s overheads. Even with a profit of $10 a barrel at the operational level (which is a generous assumption since many fields in the area do not even achieve operating break-even) NTOG would need 500 barrels of oil per day production just to cover administration and other expenses. Remember, they’ve been at it for years, have achieved nothing other than massive losses for shareholders, and in the process squandered nearly $30 million of investors’ money. There’s always an exciting new project to draw in new punters, but it always fails to reward them. A huge avoid.
Great summary Jim
NTOG IS A PILE OF S...
Those ramped in to Mosman Oil & Gas (MSMN) at up to 0.24p received a nasty surprise when it announced a 0.125p placing, as perhaps did its new TR-1 holder (if his filings are accurate), who was also the principal ramper. But this is what, indeed all, these types of companies do, ramp and place, the “asset” (in this case, a minority non-operated working-interest requiring no management time whatsoever) being just a tiresome legal requirement. At the bottom line of the accounts, there’s never actually anything for the shareholders, only losses. The same applies to a very similar company, NOSTRA TERRA Oil & Gas (NTOG), who released an operational update last week, which contained no production numbers. Other than ramps to clear placing stock and warrants, and provide the opportunity for insiders to sell short before covering at a profit in the next highly discounted placing, there is nothing at all in it for investors.
The daily reminders are to warn unsuspecting investors who have no knowledge of the ntog history
SPUD RNS imminent.
You might not have noticed but the oil price is off a bit and Cypress haven't yet started the 10 day drill at Pine Mills. No point in constantly posting the same thing over and over again... Know what I mean...?
If you want to keep an eye out for the drill permits being submitted, you can do so here...
http://webapps2.rrc.texas.gov/EWA/drillingPermitsQueryAction.do
Assuming the pumping brigade are on Annual leave this week , giving themselves a hard earned rest !!!
Great summary Jim
NTOG IS A PILE OF S...
Those ramped in to Mosman Oil & Gas (MSMN) at up to 0.24p received a nasty surprise when it announced a 0.125p placing, as perhaps did its new TR-1 holder (if his filings are accurate), who was also the principal ramper. But this is what, indeed all, these types of companies do, ramp and place, the “asset” (in this case, a minority non-operated working-interest requiring no management time whatsoever) being just a tiresome legal requirement. At the bottom line of the accounts, there’s never actually anything for the shareholders, only losses. The same applies to a very similar company, NOSTRA TERRA Oil & Gas (NTOG), who released an operational update last week, which contained no production numbers. Other than ramps to clear placing stock and warrants, and provide the opportunity for insiders to sell short before covering at a profit in the next highly discounted placing, there is nothing at all in it for investors.
Viagra needed :)
I dont see him, i only see green boxes ;)
Stalin the pumper is back
All over every board
CODE 1 = RNS LOGGED