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I agree and the upward sp movement has been on modest volume.
The current year has the potential to achieve the highest level of $ oil sales ever achieved by NTOG.
Not only that for those who do calculations the sp is under valued in my opinion.
Just 3mil mcap??
Production has increased from 84 to 100 and now 128bopd!!
Which will generate 3.6mil!! (Oil 80usd)
Extraction costs are still low and admin expenses has reduced by 40%!!
Now 3-4 wells will be added and they will be funded from revenues,means only adding up in value here!!
6months update is due within few days and that will push the sp much higher!
And that is the reason people have started taking position here.
Lots of blue days ahead!!
25 tries to buy just 5k worth!!
That says it all!
No shares available and we know why!!
1-2 bagger in 2022!imo.
38 weeks.
Hi waundgri
That’s all very interesting but history is history and there is a lot of pain been inflicted that will not be forgotten!
Hence the reason of 4 trades today and you can look a lot further back and see the day trades, not impressive.
Anyway good luck and I hope he does pull a rabbit out of the hat
It is set up to be a good year for NTOG!
The oil price is looking solid at current levels or recent lows and continues to push up against recent highs.
Additional production is on the horizon and with recent reported production of around 128 bopd (if my memory serves me correctly) NTOG could be producing at consistently it's highest rate ever.
Whilst there is always the potential for an equity raise I think it is unlikely due to cash flow from operations, the available bank facility to draw down funds, and with an increasing share price the various options/ warrants that investors hold could be exercised bringing in further funds.
The share price based on the current oil price and rate of production is significantly undervalued and with the potential of more oil production to come if either 1 or 4 more wells are drilled this year per the recent stated plan for 2022.
Whilst I know there are Lofgran detractors out there I don't think this year will be the year in which the familiar criticisms will prevail.
Tempt you back in??? Lol who is this fool?
Looks like ‘unhelpfulls’ brother has turned up on the board , welcome ‘con artist’, another flyby pumper
NTOG are like the Hotel California, You can check in anytime you like, but you can never leave...well at least not with a profit anyway.
What a terrible decision that has been then. Anyone listening to you needs to give their head a wobble.
Con artist
You know Jack sh 1t about me
I’ve been in since 2009 and never left
$82 now in sight. Lovely for the coffers. Can we not tempt you back in titan?
If we go on google and look at the 1 year graph for NTOG and RRR both down 50 percent in that period. Both pumped to death by mr chief paid pumper.
Hmmm
Jog on conman
Another fly by pumper
Back over $80 and heading even higher!
Well done Jackie, excellent copy n paste skills displayed. Your gonna go far
Further to its RNS on 5 January 2022, in which the Company announced the plans for multiple wells to be drilled this year, operations have commenced for the second well included in the farmout by Nostra Terra of an undeveloped portion of Pine Mills to Cypress Minerals LLC ("Cypress"). Construction of the drilling pad is now underway. The well design has been agreed and the rig is currently being mobilised. Simultaneously, the operator is permitting the well. Drilling is planned to commence in the coming weeks.
Cypress possesses 3D seismic data over the area and has high-graded locations. A successful well was drilled and put into production in January 2021. The second well will offset that first well. Nostra Terra has a 32.5% working interest in the wells and farmout area for additional potential locations. This second well is targeting the same producing horizon as the first well.
Haha! He's under your skin mate... Let it go..... Lol
Upthecoast
Apologies , I thought it was unhelpful posting
I was being sarcastic ya thick t w a t.
TA wise we NTOG are entering the 5th year of a downtrend.
0.25p previous lows looks an area that price needs to come down to and mitigate before going up again
Imo.
Fooking down , it’s RED you thick k u n t
How's the share price doing?
Just be careful. 8x shares in issue since i bought some. Confetti placings are standard here as costs are higher than income. I think the last 4 placings were shortly after an RNS saying fully funded, or no need for any raises or no plans for any placings, then 2weeks later HUGE confetti placing. In and out quick if you can make some money on a spike, dont hang around though.
Sub 3 mill mcap, I reckon 50% in short order