Member Info for drillingcrew

From the horses mouth - speaks volumes. Watch a few follow today......

Timber - the bars on the cage have started to allow the light in! This week I think we will see a seriously alignment..... New Market Cap will surprise a few - but not me !

https://twitter.com/keya5000/status/972945018553032704?s=09

Target 1.6p https://twitter.com/VanAIM86/status/970689601282113536?s=09

Answer - because I concur with helpful so no need to ask.

Ratty - "sustained production will be closer to 30bpd" Please explain your reasoning for your guess?

http://www.lse.co.uk/ShareChat.asp?ShareTicker=MYN

has become MYN surely it would make sense to shut this board down?

I suspect the first Mayan RNS will be rather illuminating and likely to have a gagging affect on resident trolls.

DD77 - You seriously have not done your research ! Obviously in my humble opinion.......but sense the name change is just the start of a new beginning...............re-rate imminent. Gla

.....don't expect a reply he has you on filter from memory - he didn't say he asked the question of the company, but regardless you choose to think that, there are plenty sources out there to work out why gas is becoming profitable business for NCT and others operating in the area. Did you not notice that the company has said precisely that? Would they be exploiting gas to make a loss, rather naive and as usual negative comment. As for the infrastructure costs, NCT will have known about these well before their decision to go for gas. We don't know who's paying but we know NCT hold the trump card to allow others to benefit. And by the way the Chairman talks about near term revenue......but you say long time off? Think the Chairman might know better than you.... "Northcote Chairman Ross Warner said, “We are pleased to secure a contract with Enerfin allowing us to sell natural gas from the Shoats Creek Field. As the LM #14 demonstrates, there are multiple existing well bores with tremendous potential for low cost near term revenue generation that could not be previously exploited without having the ability to monetise natural gas. With natural gas prices in the US having increased by over 30% during the last few months to $2.75 per thousand cubic feet, the revenue potential from natural gas is well worth exploiting in addition to oil.”"

Also when the letter of intent is converted to 'the real deal' I would suggest that would answer Tragic's laborious question " where's the money coming from" It is coming in the form of a conventional business banking facility as I am sure their new business partner Pemex would insist!

As I said yesterday if the Pemex deal is secured MDF would be full to capacity with Pemex work and would probably look to build another specialised plant to handle non governmental business. Am sure Abraham has pointed that out to the board. Rapid expansion........

"isn't going to bridge the gap" You are right LM20 is not (@ the moment) but what about LM14 gas sales and other as yet undisclosed workovers...apparently LM13 is looking to be a very attractive option? Personally if their is a raise here to fund further expansion as long as the price is well above current SP what's not to like - Agree?

gas and oil update could quite easily come this week along with formal acknowledgement of new board structure. I think we might well have a minnow punching well over its fighting weight very soon. Mcap in a months time ?

If the deal is crystallised with Pemex MDF mark 2 would have to built pdq.

Tomorrow.

Tragic you are wasted on this BB - you ask s�ooooooooooo funny

Mayan Drilling Fluids (51% owned by NCT) are due to update the market (over 90 days now). Hopefully we will how resourceful Abraham Achar has been with his local business network? Contracts etc etc...

Yes DD77 - I can confirm I every reason to be optimistic at this juncture.