Member Info for EyeGuy

Morning Jange- I took some a few weeks ago. Think this will double from here at least

Agree. Target 12-15p range for me. The twin well produced over 60% more oil than mean market expectations of circa 32bopd. And oil is 60% more than the $40 base. I think we are looking at more like 3 or 4:1 return on investment with oil price being like if is. Not forgetting the credit interest rate is only 4.75%. They will be making a shed load of cash on these numbers. Warrants have stalled it but likely it will be heading up from here now. Not forgetting they still have the BP hedging facility that has yet to be used and in 2 months or so the credit facility will be reviewed again in view to having this increase. Great

Great news. Another well in early May. Fantastic. Can�t believe this is sooo cheap

thanks gorillacramp

I had this on my watchlist at 1p, but just looked and now its tanked. Anyone have any idea - the RNS's don't really seem to have deserved this fall.

ignore that below- I posted on the wrong BB sorry. Good weekend guys

I had this on my watchlist at 1p, but just looked and now its tanked. Anyone have any idea - the RNS's don't really seem to have deserved this fall.

Northcoat- this statement is ridiculous pal. "When you do not repay and defer not one not twice shows you are in the shit." Its a resource company pre-revenue. Its either rolled loan or a placing at a discount. Rolled loan is the better bet would you agree?

Godwilling- I think there will be a run before the DFS on the nickel project yes. Its what happens in between. Markets are dire.

good news. still hold a few. Ill tell you all when ive finished my buying. its a case of getting them when they are cheap which is likely what northcoattiger is doing too. I'm happy that he is here personally even though bashing to stock up on the cheap isn't exactly a nice thing to do. Ill be back up to 5 million or so by September all being well.

WTI now over $65. The investment case for Permian wells is 2:1 return on investment at $40 oil. Oil is over 60% more than this. Twin well had over 60% better flow than mean market expectations of circa 32 BOPD. At these prices this company will be raking it in imo dyor

Agree with that. News any time

lobsi- not all sells are retail shareholders. its warrants flipping. over supply of 3p shares but that will come to an end next month atb

someone paid 1.6p at close.

Bout typos - share discussion even though it often feels like a hate discussion lol. I need a bigger phone :-)

Good posts cleaner. I think highlighting other shares as examples (it it�s not for promotion) is fine on what is a hate discussion forum. The bottom line you highlight is the companies that dilute and have not done so well do not have a product to sell, have no credit facility and have hefty costs in terms of exploration. It is not rocket science to know that shareholders take the burden of funding. It is just how it is. And as you highlight here ntog have a credit facility which likely will be increased and are now profitable at corporate level with more production to come. It is a good place to be, We will know more by this time next month with newsflow and the warrants finally put to bed. Happy to be here

lots of news due. target 12p for me. gla

decent rns lets see how the market reacts

It is likely the warrant holders havent flipped much over last few days so the supply of shares comes from retail hence the tick up and narrower spread. Just have to wait and see now until next month then it�s trading in normal market conditions

But first thing. Climb back to 5p now