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That’s 3 wells…….did ya see what I did there!
Wti makes no difference to us tell you the truth. It helps revenue. But what we do to revenue is the key.
Cash flow positive = loss making company.
CON ARTIST
it’s not opinion . Take it up with OILMAN JIM , you fooking tool
According to Steeltightone no company on Aim will make a profit unless it makes over $12 million dollars a year hahaha.
cash flow positive, drilling new wells, WTI ripping and a <3m MC. You can take a horse to water
NTOG would need 500 barrels of oil per day production just to cover administration and other expenses.
500 x $85 = $42,500
$42,500 x 25 (run rate) = $1,062,500
$1,062,500 x 12 = $12,750,000
you honestly think $12,750,000 wouldn't cover our admin and corp expenses? hahaha
guys don't listen to SteelTightone, guys a grade a fool. simple maths debunks everything he ever says.
To those investors thinking of parting with their hard earned cash. Read this before you throw your money away
OILMAN JIMS POST
Let’s remind ourselves of JIMS summary over a year ago
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.
Is a love in for CEO
All hold hands!!!!
Errr waiting for reply on C2 pad question.
1000bopd sounds good to me.
Jesus! I was invested in this dog over ten years ago and in all that time be barely produces more now. Even back then there were the promisses of 1000 bopd. Its a lifestyle company for one man. Always has been.
I think we going to be producing 1000 BOPD from Texas in 2022.
Now let's not start to making fun of the CEO.
Rather encourage him to speed up the process.
Tunisia in my opinion should be halted. Full concentration and funds should be aimed at Texas and only Texas! Lessons should have been learnt after the Death on the Nile debacle.
Incoming placing for Tunisia or placing already sorted and shares being forward sold?
Pumpers are working overtime today and only 4 trades? Must try harder guys! Matty boy won't be happy on the Zoom call later...
Steel.
Remind us what Oilman Jim thought of NDOG :)
Fook me Duke of earl is on one today , pumping oil to $200, lmfao
live price is $88.20 WTI ............we don't trade Brent
Saudi Arabia rising oil prices
from March,
https://oilprice.com/Latest-Energy-News/World-News/Saudi-Arabia-Expected-To-Raise-March-Oil-Prices-On-Robust-Demand.html
Saudi Going for it, Rising the oil price at a time when Ukraine and Russia are in a stand off which would definitely make oil pass $200
oil price to rise from here experts saying $180 is possible by 2023
www.oilprice.com
Happy to see it is holding yesterday’s gain!!
If no bed wetters left then we will be seen moving north from here with even a little buying pressure (we have seen that yesterday).
And on a side note, why aren’t you using Helpful handle anymore?
So what about the pad on C2?
Would we have to increase the size of the tanks or is there still capacity to handle C2?
We have 2 trades.
Must try harder.
Lol.
Sorry typo should be 2021.