Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Can't buy a penny at 0.45p now
Some serious background buyers about
Nice bounce back. Very little stock avilable at these levels.
Expect to see more news on Pine Mills imminently ;)
Target remains 1p+
The company's brokers deal with placings. The NOMAD makes sure that the company complies with AIM rules.
Rally the pumpers. Share price falling as more cheap placing shares are flipped for a quick buck.
New nomad will be preparing the next placing now doubt.
Come on mug punters, roll up roll up. Snake oil for sale, cures everything, even covid.
This should be on here everyday. Best description of this cowboy outfit.
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.
NO Steel : The reason for change the Nomad is that Lofgran offended the Nomdad by saying NTOG does not raise the fund to meet the trick of Nomad so they ganged up to depress the NTOG share promotion ! Now NTOG raised the fund by new issue of equity , makes these Nomad happy , so they will be happy to promote the NTOG ! DYOR
They didn't resign. If they had resigned, they would have said so.
Strand Hanson have had their legs slapped because of outcomes elsewhere and are now generally being slow and difficult on RNSs. I know a couple of companies where they are the NOMAD and things are just more difficult than they should be. On one company they slowed everything up for a month because they wanted to know absolutely everything and then when the RNS came out it was still wrong.
DYOR
Intentionally provocative. There is nothing in the RNS which states that is the case.
Do you have some inside information which confirms that Strand Hanson resigned?
I suspect that Beaumont Cornish will be cheaper and given the need to reduce costs is good house keeping.
Wonder why Strand Hanson resigned as nominated advisor.
Obviously not happy with Lofgran and co
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.
Can the rampers assemble please? Need to get this moving. Someone krank up the heating in the boiler room. Needs more posts across all platforms. Come on guys
Supposedly, it is a ten day drill. I don't have a number for the COS, I don't think it has been put in the public domain. Cypress has bought 3D for the acreage and has been planning this for several months: if the COS didn't look pretty good, they would have walked before now.
Supposedly, the main target is the Woodbine but there are other intervals of interest.
https://www.morningstar.co.uk/uk/news/AN_1602081467699362900/in-brief-nostra-terra-notes-positive-permian-basin-trade-article.aspx
The RNS the other day was hinting at the Pennsylvanian Straw formation. We should know by the end of the month ish.
Early on NTOG stated that there were multiple drill locations on the acreage.
https://www.londonstockexchange.com/news-article/NTOG/pine-mills-farm-in/14511288
"Cypress Mineral LLC and Cypress Production Inc (together "Cypress") have previously acquired 3D seismic covering the Well Area, and identified up to five potential new well locations."
If the Cypress drill comes in, those other four locations become PUDs and NTOG's PV10 goes up: that should result in its banking facility being increased with Washington Federal.
DYOR
DYOR
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.
What is the Cypress drill time and the COS?
It seems a thread has been deleted, possibly because of the threats in some of the posts.
The start was a post by Oilman Jim: he said that NTOG would never make any money and that companies nearby were going bust etc...... He was stating that at best NTOG would make $10 a barrel.
Analysis:
Either OMJ is taking the sales price of NTOG's oil to be around $38 per barrel because he ignores the hedges or he is taking the hedges into account and the average price is around $46/$48 a barrel. If he is is stating that at best NTOG makes $10 a barrel then he is stating that the opex (the cost of producing a barrel) is either $28 or $36/$38.
I think he is well out on both numbers but lets suppose he is right: why would Cypress be spending $800k on a new drill and carrying NTOG for $200k? Remember that the opex is the cost of producing a barrel not the full cycle costs which include capex, overhead and P&A? If the opex cost is $36/$38 why would Cypress spend $800k knowing that they will barely break even on opex costs and will certainly lose money on the full cycle costs?
I think that the answer is that the opex costs are well below $36/$38 and below $28 a barrel.
Where OMJ is correct is that carrying the PLC overheads is a heavy burden on marginal assets, which is why getting to PLC break even is such a big event. Once, NTOG and any other quoted company gets to PLC breakeven it means that any fund raise is for new assets or being put in the ground.
Once these three current gigs are sorted, Cypress drill, Permian Workover and Caballos geological study and development plan then NTOG should be at PLC cashflow positive and maybe PLC breakeven. That would put NTOG in a very good position going into 2021.
PS I expect we will get the spud announcement from Cypress sometime next week.
DYOR
By steel and co.
Usual rubbish, service has resumed.
IGENIE... the chief pumper starts the day with his usual rhetoric...
Lots of RNSs last week to wet the whistle. Expecting a sustained move higher from here as things develop
https://www.reuters.com/article/us-usa-shale-bankruptcy-graphic-idINKBN26M7EM
...and in the process squandered nearly $30 million of investors’ money. Go go Jim! lol
We shall see about that. 10 x MCap from here is still f**k all so not unrealistic for a company producing and with a revenue stream.
Lofgran not pay you to talk ****e at the weekends?
Of shares flipped today, killing any price rise.
Oh well, to be expected, whens the next placing theres more easy money in the old dog yet, woof woof hahaha