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https://twitter.com/businessinsider/status/1306631920915222532?s=19
You missed a few lines out :)
Oilman Jim19 Jul 2020 19:13
I’m going to reduce commentary on the small, lifestyle companies, unless there’s something particularly interesting or important upon which to comment, so its goodbye to the likes of AAOG, AST, MSMN, NTOG, ZEN, etc. Some do have amusement value, but they shouldn’t be legitimised or given an appearance of equivalence by being covered alongside other companies in the blog which have actual, potentially commercial, operations and projects.
The next RNS will likely be the spud of the Cypress well.
You have mentioned the lack of mention of NTOG in the Oilman Jim blog a few times in recent posts.
I am personally not expecting anymore comment as on the 19th July 2020 he stated:
'A few changes in this blog. I’m going to reduce commentary'
'so its goodbye to the likes of AAOG, AST, MSMN, NTOG, ZEN, etc.'
Based on that I am not expecting any commentary on NTOG although he does not rule it out.
The next RNS will be a placing, this usually follows after a succession of RNSs
Interesting to note again this week that Oilman Jim has left ntog off his weekly briefing.
Well done jim.
LOFGRAN is not worth any media exposure
All going very well.
Low cost incremental production adds, with workover upside and acreage to drill at a later date.
I don't know for deffo but I think this, along the Cypress drill and Callallos takes us to break even once the work is done and successful.
Fingers crossed.
DYOR
just for balance :)
FULLY Agree with your analysis and assessment , along with fossil fuel industry, esp when trump is re-elected , which is extremely likely , he is big pusher and may even lift ban on fracking ! So we may even see the price of oil over $50 this year!
1. We don't need to produce to pocket the money from the hedge. I suspect that NTOG has shut in some marginal production that will be switched back as the oil price recovers. The hedge didn't cover all the production.
2. The oil price has moved up over the last two days and is now back well over $40.
3. All the forecasts show the oil price riding higher into 2021 and booming 2022.
4. Barring some extreme event the Cypress drill will happen. They are on site doing well pad preparation: Cypress will have spent in excess of $50k so far on this well. The legal title search alone costs circa $20k.
5. If Cypress had a better target witha better risk/reward they would be drilling it.
6. The acreage is well known locally and the site has been picked with the aid of 3d: no guarantee but it reduces risk.
A decent result from Cypress and we will be at around break even. The big upside is that chunk of acreage will be moved up to PUD and off the back of it NTOG will be able to increase the Washington bank facility.
DYOR
Disagree with some of your post, the new producing asset is a good buy but only goes towards making up for drop in rev from existing wells and also come december we loose 60k a month in extra revenue the bp hedge gives, so really only treading water imo.
That only leaves the Cypress drill if it happens to actually provide any sort of improvement.
Not quite as rosy as your view.
Sad.
You will now get a flow of news:
Well pad completed; operations commenced; spud; completion of drill: initial results, completion of well and production.
Separately, we should get a production update on the new asset and the results of the review. Then there are farm in opportunities elsewhere on the acreage and other new assets in due course.
Oil has picked up over the last two days. All in all looking pretty good.
This should trend up to 0.75p as the drill programme progresses.
DYOR
Yes , caravan club boy, mazik and co are no doubt pumping and board with an RNS release
So yesterdays RNS has done nothing for share price.
All the day traders/pumpers have vanished.
Normal service can now resume.
If you want a recovery stock. NSF.
There that’s a ramp.
No tamping this. It’s scary how much you can lose. And why do you think they are paying in shares??? So they can sell into any rise. And maybe get a few more pounds. I will leave all to it now as no need for that. But it’s all imo. And I have been there with this share gl. I do mean that.
Looks Mazik and caravan club boy are the biggest ramping w.a.n.k.e.r.s to join the ramping crew today
Nice spike to get out on. It’s a one man lifestyle company. One of the best losses I made was getting out of this dog when it was 3.3p
I agree with the Helpful analysis
There’s a reason for that. As I say be quick. Let’s see where we are tomorrow. Gl I hope your right for the longs. That have been suffering for years.
Singer67 that should be, at the moment 1.5m market cap is too low against the potential in front..Imo
They were 4p during 2017/18, not surprised its holding firm 1.5 m market cap is too low..IMO
Fook me sideways , a new ramping gang of arrived
Let’s see how long they hang around
I am afraid to say I was in love with share in the days of M/l bringing back from the dead. But he has only done it to dilute share holders I am afraid to say. You may get spikes. But be bloody fast to make a profit. Gla. Zooooom.
Lol the old in and outers. They will be gone by days end ;)