Member Info for adamk87

Just tried dummy selling and will take over 100k worth off me at 26.6 which is above bid. Strong on bid. Not selling a penny below 40p. GL

Some cute trade action this morning with someone (who i think is desperate for shares) selling tiny volume on a trade by trade basis to spam recent trades with red. Very cute

Nice action this AM a move past 40p imo this week. GL

LOL at idiots selling here.

Go back to sleep buddy.

You sure your not looking for a cheaper entry GS having earlier said you sold for a 8% trade?

Both Numis and Peel Hunt still have a forecasted target price of over 100p and consider this as oversold.

Theres also the 2 institutions that have been buying in the last week to add to the list. GL

Mayfair Investments BV 48,333,300 25.7%
Baring Vostok Capital Partners Ltd. (Russia) 30,588,054 16.3%
Aberforth Partners LLP 20,594,333 10.9%
Harding Loevner LP 9,000,357 4.78%
M&G Investment Management Ltd. 8,970,675 4.77%
Farringford NV 8,152,557 4.33%
JPMorgan Asset Management (UK) Ltd. 6,353,673 3.38%
Majedie Asset Management Ltd. 6,231,937 3.31%
Wellcome Trust Ltd. (Direct Investments) 5,765,977 3.06%

Insti’ invested here. Also CEO and other directors vested here too. GL

You can not judge this by lack of activity on the board, im grateful this board isn’t like that of say VAST (which im invested in) where you get fickle investors typing all sorts of crap ramping or deramping.

My biggest gains were made when these boards were quite (IDE rose from 0.70p to 10p with the ‘herd’ taking notice at around 8p causing SP to spike at 10p and drop back down - PRD from 1.2p to 10p when hardly anyone was interested until again around 7p - PAT from 2.6p entry to 12p where again there was no more than a handful of posters. Theres more but you get my drift).

Look at the volume traded on here the past week, we dont need a jumpy board for this to move back up. The mm’s play around with these shares how they please but since this hit rock bottom the trajectory of the share price has been north and will continue to be so.

The most recent insider trading was a director last year buying over 3 million pounds worth of stock at 247p - ask yourself why. He had confidence in this coming good to front the type of money he did.

Apart from Standard Life selling out (causing the SP to crash with their last 2m sell at 6p) all the other major institutions are still vested in here. With over 55% of stock owned by them. We now have other insti’s buying in here at 25p+.

If you cant see the value here, then thats on you. Im certain this moves back up to somewhere close to 100p in the very short term. Savings made across the board in Q4 2018 which is why we’ve shown a profit in each quarter this year, news on GTU3 due imminently, talks of a takeover in the background and just in general a really bombed out SP will see this rerate.

See you guys back here Sunday evening or Monday morning. Until then dyor and invest accordingly. GL

News on GTU3 is due out any moment, with this being worked on for at least 18 months.

Kai-Uwe Kessel, Chief Executive Officer of Nostrum Oil & Gas, commented:

“I am pleased to announce the start of the hot commissioning stage and first gas into GTU3. This marks a significant milestone for Nostrum. We now have a clear line of sight to full commissioning and being able to move all our raw gas production through GTU3. This will allow us to strip more LPG from our raw gas than we can today, leading to better margins. GTU3 will also help us to further optimise operational costs at field site with one control room managing the entire field. This step brings us closer to completing a unique set of world class infrastructure in the pre-Caspian basin in North West Kazakhstan.”

Geordieshores, correct with your figures however It doesn’t t tell the full story, take last year for example.

One of the main disappointments was the Biyski West asset in the pre-Caspian basin, where a well bore collapsed in well 234, meaning drilling has now been halted.
Nostrum's revenue fell 3.8% to USD389.9 million, with earnings before interest, tax, depreciation, and amortisation declining by 0.3% to USD231.2 million.

Nostrum has swung to a pretax loss of USD92.2 million, after a USD49.8 million pretax profit in 2017, due to a USD150 million impairment of 78 million barrels worth of proven and probable reserves because of the drilling problems.

However, net operating cash flow rose to USD214.0 million from USD182.6 million, and operating costs fell 12% to USD49.9 million. General and administrative costs were down 30% to USD20.3 million.

Chief Executive Kai-Uwe Kessel commented: "Looking forward to 2019, I want to ensure we continue the positive trend we set in the fourth quarter of stabilising production combined with some of the lowest drilling costs we have ever achieved.
"I am optimistic we can grow production based on the lessons we have learnt and the results of the Schlumberger study due in the third quarter of 2019.’’

The more research done into NOG the more i cant believe where the SP is at. This company is frighteningly big, for it to be valued with a mcap of around 50 million really is laughable.

BTB i have 150k shares here at an average of just below 18p - i’l look to add another 50k on Monday and more if i can free up funds.

DYOR and all will realise the nature of the beast we’re dealing with here. GL

So in the August update we were provide info specifically relating to Frasnian reservoir (the ‘duster’ from last week) where shareholders were clearly given info ‘based on initial results we do not expect cashflow’ - so the panic/shorters jumping on this to explain the drop and why this will fall back down is a non starter.

Reason for the drop is predominately to do with the institution selling down at any price they could, general market conditions and negative sentiment.

Sentiment is now returning, institutions are now buying back in with some heavy buying the past week.

Debt is more than manageable, with 2018 Q3 results showing a balance sheet above 100m available with the intention and statement to always have 100m available throughout 2019 - something which to date the company has achieved, with the half year report confirming this.

45 producing wells, drills being completed on multiple others. A 2 billion asset base. As of today were trading at a discount to our cash position.

The entire 400mmboe+ reserves relate to the north east and west areas where they are producing. They have both op cash and cash on the bsheet to develop these assets further.

- The drop was way over done, way way overdone. In reality this could and has carried a market cap equivalent to an SP of 100p+.

- I expect in the coming weeks this will rerate to a minimum of 70-100p with institutions adding, seller clearing and news due on multiple fronts coupled with the board stating on multiple occasions recently they are now looking to add value for shareholders in the near term (when we’re talking shareholders, they’re talking to the big players that have millions of shares tied up here - us smaller pi’s are just along for the ride and those that hold will be rewarded).

Strong buy and hold. GL holders.

H1 2019 Drilling

· As at 30 June 2019, the Company had 45 wells in production (18 oil wells and 27 gas-condensate wells).

· Drilling has been completed on the two wells in the Northern area, 41 & 42. Well 42 has encountered three horizons with gas shows during drilling. These are the Frasnian, Mullinski and Vorobyovski. The testing of the Vorobyovski and Mullinski reservoirs was completed confirming gas-condensate saturation but without commercial flow. The testing of the upper Frasnian reservoir is ongoing but based on initial results we do not expect commercial flow. During drilling of Well 41 gas shows were seen in four different reservoirs, namely the Frasnian, Mullinski, Ardatovski and Vorobyovski. A drill stem test (DST) conducted during drilling of the Frasnian confirmed similar reservoir pressure to well 40. Following testing of the lowermost horizon, the Vorobyovski, we encountered a small leak in the sliding sleeve door within the production tubing. This has caused a delay in testing the upper horizons. We are now moving ahead with testing the Frasnian section of well 41 which is the same horizon from which well 40 produces. Initial results show a flow of hydrocarbons but the cleaning up of the well and longer term testing will be required before we can provide more detailed information.

· Drilling is currently ongoing with two rigs in operation. One rig is drilling a side track into the Bashkirian oil reservoir and the other rig is drilling in the North targeting the Vorobyovski horizon (well 361).



2019 Drilling and sales volume guidance

· The location of additional wells in 2019 will be finalised once we have completed the evaluation of the first two Northern Wells.

· 2019 production guidance remains unchanged at 30,000 boepd, corresponding to sales volumes of 28,000 boepd.

GTU3 continues to progress with hot commissioning now underway and final commissioning targeted for the end of Q3 2019. On the strategic front we are working towards bringing the acquisition of Positive Invest to shareholders whilst at the same time working on the strategic review of our business. Our primary focus remains on trying to find ways to grow production in the near term. We are working to update our own geological models and incorporate the two independent studies currently being worked on by Schlumberger and PM Lucas in the North East and West of the field into the model."

- We are due news on this front imminently!

Had to clarify the below as Geordieshores posted false information below regarding the company not turning a profit.

From the half year report published on Aug 20th 2019

Financial:

· Revenue of US$174.2 million (H1 2018: US$191.5 million)

· Net operating cash flows of US$116.8 million (H1 2018: US$99.9 million)

· EBITDA of US$110.2 million (H1 2018: US$113.2 million)

· EBITDA margin of 63.3% (H1 2018: 59.1%)

· Closing cash for the period of US$120.8 million (Q1 2019: US$75.7 million)

· Total debt of US$1,132.9 million and net debt of US$1,012.0 million as at 30 June 2019

Kai-Uwe Kessel, Chief Executive Officer of Nostrum Oil & Gas, commented:

"Financially H1 2019 was strong with oil prices averaging US$66.20 per barrel and this meant we continued to generate operating cashflow in excess of our target and remain on course to end the year with over US$100m of cash. Operationally, we are moving ahead with testing the Frasnian section of well 41, which is the same horizon from which well 40 produces. The well needs further cleaning and a long-term test before we can confirm commerciality. On well 42, two reservoirs have been tested that confirmed gas-condensate saturation but without commercial flow.

Revenue, EBITDA and Profit for the Period

Revenue from sales of crude oil, stabilised condensate, LPG and dry gas over the period amounted to US$174.2 million for the reporting period, a decrease from the H1 2018 figure of US$191.5 million. This is mainly explained by a 7.1% decrease in the average Brent crude oil price during the period. EBITDA was US$110.2 million with an EBITDA margin of 63.3%. Profit for the period was US$6.1 million.

Revenue, EBITDA and Profit for the Period

Revenue from sales of crude oil, stabilised condensate, LPG and dry gas over the period amounted to US$174.2 million for the reporting period, a decrease from the H1 2018 figure of US$191.5 million. This is mainly explained by a 7.1% decrease in the average Brent crude oil price during the period. EBITDA was US$110.2 million with an EBITDA margin of 63.3%. Profit for the period was US$6.1 million.

Well said btb - touching on director buys, the following were made by Mike Calvey as a Director of NOG

Date of the transaction

Purchase of 470,790 shares on 13 September 2018

Purchase of 1,067,210 shares on 14 September 2018

At a price of 249p and 247p respectively.

This was only a year ago.

Dropped off in the afternoon but all in all a solid day. This will continue to rise next week. Have a good weekend

Minimal buying increasing SP today, unusual. Lets hope something is afoot

We’l get there for sure. Someone been adding 25k tranches all day