Member Info for drillingcrew

"Northcote’s proportionate share of the costs, are estimated at a total gross amount of US$200,000, for which it is fully funded." Gaining 12.5% participation rights in TOE was part of RC's diversifications in new revenue streams for the company. If the company do not comment on the ADL RNS then there are probably more important announcements being worked on.imo.

8th June 2016 RNS "initial results from this initiative are expected in the near term." I reckon they have those results but want to publish them alongside other pertinent news...could get quite busy on this board "near term".

"The wink wink nudge nudge style of posting by some here should be completely ignored" Well why do you spend a lot of time rising to the bait!!! ? Maybe follow your own advice and ignore it?

"Hard to place any trust in your posts now" Ha ha ha ha ha ha ha...... Have you ever had any trust in others posts on this board ? Think not! No one set out to hurt your feelings ! - keep taking the pills

Without stating the obvious ...had it crossed your mind that potential suitors were not in the frame 3 months ago?

Helpful - good summary! Perhaps ratty now realises funding is NOT necessarily about placings....

Ratty - consider this scenario ( as there will be many). A company (probably alot more established) likes very much what NCT are planning for the future and seizes the opportunity to get involved with NCT by bringing their own funding to the Jv - perfectly feasible? Imo this will be a serious solution to any funding requirements going forward....we will know soon enough.

Bet you're good fun at party's! (notice that was not a question).

The coiled spring is sprung so tight it is twitching.........

Take a look at @StuartRamsay4's Tweet: https://twitter.com/StuartRamsay4/status/749645153925795840?s=09 Back to the 0.20's in his opinion! I'll take that for starters!!!

The only thing priced in here is Tragic's sentiment hence the steal price on offer now - but TRAGICally it's about to become MAGICal. Tragic your imagination as you say is doozey. Will you sell yours at 0.06p or wait for the real profits.................?

as usual you don't bring anything new to this bb.

feels positive vibrations are on their way...currently up 12.5%

Does anyone know if the permit to exercise a full blown drill (for example LM20) are the same as those required to work over or recomplete a previously abandoned well? If so Sonris will being seeing a few applications from NCT? Helpful - you could throw some light on this?

Noli, if a work over or recompletion happened on a third of the 34 wells then a 1000 bopd would still be conservative? ( obviously with some success)...but definitely way forward visa visa cost versus return? Very much looking forward to LM19 recompletion data.

An aggressive successful recompletion sortie on SC could easily bring production to around 1000 bopd....boost! "Eddie" Gonzalez taking a commanding role on the board .......boost! RC taking a back seat (consultant/advisory role/ maybe moving on?).......boost! Price of oil upward trend.....boost! The legs on this share haven't even woken up ! And as the blog says " investors will be very happy when news breaks"

Sounds like the the revenues from SC might well have been adjusted (upwards) from extra recompletions. Today is independence day in the US - a bank holiday so maybe RC taking a deep breath before enlightening us on new developments? SC update might well be very uplifting but for me news on the Mayan RP (contracts) and new Mexican Jv's will bring more positive interest here imo.

Have observed on the sidelines today but the most prevalent trend from you is this.... You ask rhetoric questions and then promote a self assessed negative assumption - for anyone who has actually has looked at future potentials here ( rather than looking every possible pitfall) you are no longer promoting a reasonable dialogue. As Noli says wait for the answers and I say don't make them up! My winnings from a bet that I made for Wales beating Belgium tonight will go straight on them winning against the host nation doubled up as to where the footsie might close at the end of July! Good odds but not as good as a few of these at sub 0.03p .... Yep that's a ramp!

Jack agree - and so does the person who bought 20 million on the ask price!!

We will get an update soon on TOE.( agreement signed 8th March 2016). Another potential revenue diversification opportunity. NCT exercised it's right to aquire 3.75% interest in TOE. "Northcotes proportional share of costs are estimated at a total gross amount of $200,000, for which it is fully funded"