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You could be right perhaps this is one of those shares where it takes a few days to re rate i will stick around for a while as may do well from here.
I told you: it looks like Eridge dumped yesterday.
Relatively speaking it was an expensive deal but it has had a lot of money spent on the infrastructure. You can pick up deals cheaper but they come with issues and capex requirements. This should be a nice steady producet without much having to be done.
A decent deal yes, but why no change in share price?
My guess is all is not what it seems, why would a company sell an asset that produces nearly half a million dollars a year in revenue at $45 oil price for 425k? (I dont know what operating costs are so cant factor that in).
Something amiss here.
People know to stay away from the crooked morman is my guess.
Millions of confetti shares inbound on the 7th dont forget
Titan, I am not the one sat on a loss. I have only ever made money on NTOG..
The deal yesterday was a decent deal. It takes NTOG closer to break even. The Cypress drill should take them to break even.
I expect NTOG will do more similar deals but they are hard to get and can fall out of bed at the last moment.
DYOR
The wrong nominee position was being reduced. Eridge should issue a TR1.
Surely this is a cheap stock they just bought a asset for 425k should be at a few mill mcap at least
Kammi kazi and UNHELPFUL the guy who runs a **** investment outfit
The two jokers are back
Or could it be Miton "the sticky holders" dumping the other half?
You still burning inside. Keep moaning.
Looks like Eridge is out and so the overhang has gone.
50days left....
Even though its not been too good in the past its worth it from here bagger at least lets see what happens
It’s a great Board. People should invest here for the laughs you get from the comadians ,singers and moaners here.
I am so pleased to have found it.
Wonderful Share love it. Who needs money when you can roll over laughing.
Dont forget closely followed by several million extra confetti shares on the 7th september.
Deja-vu anyone?
As I’ve said many times, despite any perceived good news NOSTRA TERRA never sustains a rise.
Up to 44% and then all the way back down again.
This is the ntog pattern.
Waste of time
New ticker :)
Only about 40% down in a couple of hours. Not too shabby for NTOG :)
Ntog. Always dog ??
has off loaded in chunks of a million then 7 million.
More mug punters caught in the ntog spike trap.
Didn't someone say they couldn't loose money from here at 0.325?
Woopsie
it's too late there is nothing left to sell so don't bother im another one stuck in here now so fellow NTOGS i have joined the DOOMED share.
Don't worry i get it now, i can see why you guys have plenty to moan about, I agree NTOG what a DOG.
Moan some more
A few points
The 30 bopd is without bringing the shut in well back on line.
No indication of the work required on the shut in well to bring it back on line or timing
No estimate of the production from the shut in well (10 bopd will be gratefully received)
No figures for the probable reserves which would be moved to PUD once some work has been done
We will likely get more information when the deal closes over the next week.
This deal along with the Cypress drill likely gives NTOG 50/60 bopd. At $45 oil that probably takes NTOG to break even. So we could do with knowing when Cypress will have their ducks in a row and intend to drill. Cypress being a private business it will be very sensitive about what is put in the public domain and so to some extent NTOG will be restricted on what it can say.
NTOG has indicated that there are other potential farm out deals at Pine Mills.
If NTOG can pick this deal up, there is no reason to surmise it cannot pick up more similar deals.
Going into 2021 with oil heading to $55/$65 NTOG looks like it will be a materially better position.
DYOR
Debt? that can take share price to zero