Member Info for Helpful

$117.37

WTI $116.10.

As I said oil on the way up.

DYOR

https://twitter.com/Ole_S_Hansen/status/1532651431001526272?t=cyDig5zKVKLsT2hP61D7HQ&s=19

As I said, you need help.

https://twitter.com/Ole_S_Hansen/status/1532625984595410945?t=3FhuSX7XRiDYka6h0_iHmw&s=19

https://twitter.com/Amena__Bakr/status/1532595435977719809?t=8loEXYfTqaflHirDuiaVrg&s=19

Well and there we have the problem. The company comes out with detailed information in official regulatory announcements but you won't have it because you are so bitter.

If you go back and check the last RNS you will see that in March NTOG's net was 125 bopd. Add to that 40 bopd from Fouke #2, the 14.6 bopd from the increase at Fouke #1 and the likely 30 bopd net from GE#1 we get around 210 bopd. Then add in something for this

"Additional facility improvements at Pine Mills (where the Company owns 100% WI) are being planned to improve both handling capacity and up-time."

Maybe we are at 220 bopd from June plus significantly lower average lift costs.

Have a good day. I am sure you can work out cashflow from that.... Use average lift costs of $20.

DYOR xx

https://www.lse.co.uk/rns/NTOG/q1-production-and-operations-update-lyj4hp3yelimkuz.html

140 bopd net as of that RNS with Fouke #1 being stepped up and GE#1 to come.

Should be around 200bopd from June. Work the numbers out for yourself with WTI a $120. Makes me feel smiley, how about you? $500k pm FCF gives NTOG lots of options.

DYOR

WTI $120 incoming.

NTOG will banging out $500k pm FCF shortly.

DYOR

PS did you really lose £100k. If you own up I won't laugh, honest.

https://twitter.com/Ole_S_Hansen/status/1532355509713801216?t=dRS6njcx_9IXslGStYcJjw&s=19

WTI currently $114.73

There is not enough oil to go around.

DYOR

https://www.ft.com/content/cf18ce69-e46a-4802-9058-1340c5a2c94d

https://twitter.com/Ole_S_Hansen/status/1532258976020279296?t=FZGhvgA3_zTjKD5Q-8fO2w&s=19

When China comes back online and air travel does the same properly there is not enough oil to go around.

DYOR

And there at 14.14.11 is the 1.75mil as I said. Already in profit.....

No you are wrong. Oil is moving back up. The fear this morning was that the Saudis were going to start pumping post the OPEC meeting: the reality (as they have said) is that they can't pump much more. Others are failing to fill their quota. Post the OPEC meeting WTI will be back circa $120.

Do the analysis on the warrants. I know how many are outstanding. The issue is success. If NTOG is successful in its activities, the more cash it has the better. We should know more on GE#1 next week. Tomorrow and Friday are normal days in the US: we might hear Friday but I suspect maybe middle of next week. ML does like to hedge his bets when coming out with announcements, so if NTOG is ready to announce Friday I suspect he will delay a few days just to be sure.

A couple of other things we might hear on: a redetermination on the bank facility, hedging and new leases.

DYOR

No unlike you and the other trolls I realise the idea is to make money. I tried to get some at 0.55p but missed out and had to settle for 1.75mil at 0.57p. It will show up in due course.

I fully expect to sell those between 0.7p and 0.8p in the near future.

See how it works?

In effect, I am buying back some shares I sold maybe a month or so ago at 0.7p, which were warrant shares I paid 0.35p for. Which is why I said whoever just exercised warrants yesterday messed up the market when they tried to sell. I could have got higher than 0.7p when I sold if I had held a while longer but I sold into volume and the SP kept rising: that is how it is supposed to be done.

DYOR

Unfortunately it is not 4 for a penny otherwise I would be buying lots.

The SP has bounced and is on the way back up. This is what happens when people don't know how to play the market without moving the price. Whoever it is should have forward sold on T20 in dribs and drabs over a couple of weeks and they would have been out at a better price.

DYOR

https://youtu.be/bNCIcK892KM

https://youtu.be/bNCIcK892KM

https://www.southerncrossgold.com.au/projects/sunday-creek

You are right about the timing making a difference. I have looked at the average prices for each of the three months on IG: if there is a discount, it is not much maybe $3.00 or so.

DYOR