With randy over the years taking shares as remuneration don't believe he will be off loading now while sp is down
End of rns posted today no sign of ceo randy Connelly name Has rc now terminated his position with northcote Any one know ??
Thanks lab rat for clarification on randys and other financials for 2015 year end As stated if I'm incorrect on any points I apologise
Back now my friend and touring beautiful Isle of white in a vw California camper Cold one in the globe pub cowes Day like this our lovely country beats marbella hands down
If I may also add I can totally understand the view of some posters being disillusioned with no news updates and share dilution capital raising but having now a significant holding and having topped up recently feel comfortable that the company is positioned for cash flow to cover costs at shoats creek and company overheads and drills to increase there with wti increasing slowly and having turned the corner Mr magic you state in previous posts that randy and the board took remuneration of I believe a $1,000,000 plus was this cash or share allocation ??? As my last conversation with randy was that he has not drawn a wage from the company If I'm wrong I apologise
Thanks to both orslega and big timber on their precise and in depth and unbiased info and insight into the Mexico position and rp plant My limited view which I have voiced does agree that shoats creek was never going to be the big draw and randy was happy to give up a little there for a cash flow and future funded drill program but the winning ticket is Mexico with the opening up oil reform and service industry rather than oil production Interesting that capacity has been increased from 700 to 845 tons a day [ is this confirmed ] I hope this is due to increased interest and pending contracts News well overdue and to come soon As always DYOR Again waiting to hear about any agm ??????
For fxxk sake give it a rest about randy . Nct and this war you have with orslega this is not normal the negativity you have for a company and a person and yet you don't have the balls to let on if you hold shares or not Grow a pair an move on Really getting boring now
Has anyone numbers for gas potential for lm14 in dollars and other wells at shoats creek now price gas rising and how it translates to nct
Orslega Ive got your figures at 51% cut at 50% working efficiency at $60 tonne a touch under £3 mill p/annum not including sales of cuttings and waste Company valued at mo £3 mill Tie in shoats creek Mxo. Warrants Adl tie in All adds up
Look forward to getting those questions answered helpful aswell as 1. Whens agm an where 2. Anyone intend going Orslega helpful big timber. Mr magic ?? 3. Total revenue cash generated at mo for all shoats creek drills 4. Is randy still ceo ??? 5. And Mr magic do you have holding in nct ??? I'm trying calling company in Dallas later but in marbella at mo phone signal is crap but beer is cold
Cheers Orslega for post an to confirm my last post was also enquiring to Mr magic any holding he has or positives re nct
Thanks for post Orslega 845 capacity even at half capacity for 365 days at liberal figures mentioned per tonne $75-$100 Say $75 and being mindful byproduct created is saleable in itself not being included 422 x $75 x365 days $11.5 million I think and my thoughts only is where Abrahams strengths and contacts lie through the government and industry and where his role in nct has been created for and what his been upto for the last 12 months building on Also to note any income generated initially is to pay back to nct the $1 mill for set up costs Hopefully a lot of news on its way I appreciate your last message to myself Mr magic re rns dates etc and myself not being accountable for late rns and also would like to ask re your posts over the last month or two are there any positives you see in nct and its future in the oil industry and if I may ask without being rude as ive been quite open in divulging my share holding here is , are you a shareholder yourself and what size holding that would be I quite understand if this is information you would not rather share
Mr magic I was totally truthful re my holding as of the 28 th and all shares were purchased and in my holding account on that date was not my fault the nomad an co dragged their feet with rns I resent a little any accusation of wrongdoing
All paperwork completed now and a big thank you to Mr Hugo green for all his help from northcote energy te my holding Ive not seen an rns yet though ?
Hi orslega Any idea number of drills planned for shoats creek an work overs and potential the field has Don't know if a cpr has been carried out on bopd for shoats creek Nct looks like it's fast becoming a two trick asset Mexico remediation and shoats creek which in my view both have massive potential Just my view Mr magic
Hi guys just quicky Have now finally been contacted by nomad and confirmation of 3% interest holding being sorted Tomoro so rns should follow shortly after Anyone any idea of date of agm at all ??
Orslega Thanks for putting my mind at Rest re Share consolidation whether it happens ,good or bad yet to be seen More worrying this love hate relationship going on with Mr Magic what say we all meet up at agm crack a beer and group hug Life's too bloody short lol
Be careful drilling crew some would say that's ramping !!!! Lol
Thanks big timber Really informative post thank you After meeting Abraham I found him very knowledgable and focused on the Mexico ticket and nct and agree with your post Keeping in mind Abraham is president of Latin American oil and Gas and carrying a lot of important weight in a country so new to future reform in the oil industry But totally agree remediation Is key and not wti driven Where's there's muck there's brass !!!
I buy on lows and when funds allow With the threat of being called a ramper im just like most here . a lth in a company I have faith in And after following for last two years plus meeting with randy a few times Also hopefully popping over to shoats creek an seeing operations over there with the missus shortly I do believe the oil environment has been a difficult one but do feel it will turn a corner in the not to distant future I'm not a fan of share dilution but as ive said before as long as its to raise funds for asset building or participation in other projects rather than directors ferrari s then I feel a company is being built As others have mentioned once we have a regular cash flow covering operating costs then with no debt we become an attractive co to others and institutions to borrow from for future funding rather than further dilution These are only my views right or wrong