Member Info for Helpful

Better to say nothing and people think you a fool than speak and remove all doubt.

Q3 was better than H1. Current run rate is better than Q3 and Q4 looks like it will be better than Q3: we are already nearly half way through Q4 and so ML has a pretty good idea where he is up to. The likely run rate at year end is going to be somewhere around 150 bopd: maybe a bit more. The year end run rate probably largely depends on the Permian Basin Farm in.

At the current run rate FCF is around $200k pm including $50k pm for central overhead. At 150 bopd that same calculation gives about $240k pm. That is serious FCF. It means that NTOG can fund a new drill every two months or so out of FCF. NTOG has a big inventory that can be drilled. The Permian Basin farm in alone gives 6 new drill locations. In all NTOG has maybe 20 new drill locations.

In addition, there are two further areas of PM that were of interest to farm in partners. With the FCF NTOG might decide to drill them itself without a partner.

All of the above adds to the reserves, the NPV and the bank facility.

If NTOG really puts the hammer down it might get to 200 bopd run rate a year end but that would mean doing as much as it can at Pine Mills and doing all the work at the Permian Basin farm in. The question is, does NTOG have enough time?

DYOR

You sell when you have maximised value. NTOG is nowhere near that point. There is a lot that can be done at PM and at the Permian Basin. Tunisia is the biggie. Free cash flow from the US can fund the work programme in Tunisia. But if it is juicy enough, no reason why NTOG can't bring a partner in for the Tunisian work programme.

There are plenty of blocks/assets available in Tunisia, you never know we might end up with more than one if they bring the right partner in.

DYOR

https://www.londonstockexchange.com/news-article/NTOG/permian-basin-farm-in-agreement/14691860

15 existing wells (8 active producers, 1 Salt Water Disposal, 6 inactive)

o 3 planned recompletions

6 additional potential drilling locations

DYOR

Gold looking better.

$1,815

Morning Trolls.

Thoughts on the update?

Likely 150/170 bopd by year end. More acreage signed up in the Cypress JV, again

Serious FCF at current prices.

The next reserves up date and WFD redetermination should look pretty good.

Tunisia next!

xx

DYOR

https://twitter.com/zhusu/status/1126296455172333569?t=LywyBa2tGUiyLOTQkKpXyQ&s=19

Sad, sad, sad......

Things are going very well for RRR.

He has given interviews and said what he is up to but of course either you don't listen to them or just write them off as full of lies.

The share price will follow in due course.

We are waiting on news re RRAL/NBGC, Luanshimba, Migori, Faso Mineral, LAC Minerals, etc.

DYOR

https://twitter.com/NTOGplc/status/1455438934616444928?t=7FqU6wEh3o5AFDsdZiK1Sg&s=19

Why not just make stuff and then castigate him for your imagination?

You trolls get everything wrong all the time. There is plenty of room for criticism but you avoid it because it doesn't fit your narrative.

If you weren't trolls you would be saying, why didn't he sell JMS when it was up at 30c and why didn't he sell POW when it was up at 2.6p. JMS and POW are not core: they are investments held for sale. They get sold to fund exploration activity.

We have two active drill programmes, follow up work about to start on both and another drill programme about to start in Victoria,

Things are actually going well for RRR. It is probably in the best position it has been in for ten years.

DYOR

https://www.investegate.co.uk/power-metal--pow-/rns/new-australia-copper-gold-opportunity/202110271150594501Q/?utm_content=bufferf1a46&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

https://www.marketwatch.com/story/u-s-oil-benchmark-hits-7-year-high-with-tight-supply-in-focus-11635165744

My view is that he needs to get his ops update out, give some forward guidance on production and some idea about his drill plans. After that he needs to confirm where he is up with Tunisia.

Likely he is waiting on confirmation of sales for Q3. Offtakers confirm what they have lifted and the price well in arrears. He might not yet know what his revenue and FCF were for Q3.

And you are a pompous gonet.

I am not allowed to post anything that has been published by people like the FT and Bloomberg because you don't like it?

What it was confirming is that there is an issue with physical copper at LME because of user/investor demand.

https://tradingeconomics.com/commodity/copper

BTW the only way to verify a chart is to have the original data set.

Door handle.

Why not take it up with publication and the author?

I missed the bit where I claimed to be the author or that I agree with every single word in it.

https://www.ft.com/content/8f80e1fa-562c-4a1d-907d-ff53bf305a0

https://www.bloomberg.com/news/articles/2021-10-19/trafigura-played-key-role-in-draining-lme-copper-inventories

Door handle

DYOR

https://www.kitco.com/news/2021-10-21/Copper-is-the-new-toilet-paper-hoarding-is-one-reason-LME-inventories-at-47-year-low.html

WTI $84.29. Kerching!

Things are going well, as will become apparent in due course.

He has given plenty of hints but of course the nay-sayers refuse to listen and then claim it is all lies anyway.

Eventually even the nay-sayers will have admit they got it wrong.

Probably, the most undervalued company on AIM.

Did you pick up that he said a new CPR had just arrived on RRAL/NBGC?

Now why would they need or want a new CPR? CPRs cost money, why spend the money for no upside?

A lot of news incoming.

DYOR

Gold past $1,800.

A good time to update on Kenya and the exploration work that is ongoing.

Gold looking a lot better. Knocking on the door of $1,800.

I directly addressed your quote and your subsequent argument. You need to look up the meaning of a straw man argument.

I have no comment on the board. I certainly wouldn't make any predictions about what might or might not happen. I have seen loads of instances where changing the board/management would supposedly makes things better and they didn't. Usually they made them worse.

BODs change all the time. Better for change to be incremental and measured.

DYOR