Member Info for Helpful

Nice report Billy Boy.

https://twitter.com/HelenTrailer/status/1451448339032121344?t=VXyWVx1ZIVdMETkd2ZvacA&s=19

Can't be true Billy, says there is no shortage.

Another one who can't read, comprehend or reason.

I didn't say you were responsible for talking the share price. I said, "You couldn't be trying to talk the share price down or could you?": Just as you rightly pointed out. The two things are not linked. You trying to talk down is just that, a try.

Looks to me that you want the share price down, either because of simple malice towards ML and NTOG or because you think you can buy back in lower. The little old ego might take a knock if you sold out at x and the price ends up somewhere near 2x in the near future,

Keep your sweeties, I don't do them.

Put your big boy pants on when the Q3 update comes out, no weeping.

xx

Says the non-shareholder...

You couldn't be trying to talk the share price down or could you? Maybe you don't want to look like you made a mistake selling out at the wrong price?

WTI $83.38

Kerching!

Yep. BHP are looking at moving in.

No choice really. If you want copper and/or cobalt, DRC is where it's at.

https://thefelderreport.com/2021/10/20/bang-why-the-gold-miners-could-soon-make-fang-look-tame-part-deux/

As usual you make stuff up. How would Strand Energy fit in to your fantasy?

Why not wait for the Q3 update?

Another thing you can do but I decided not to post it, is work out exactly how much that first well with Cypress is worth to NTOG. Pulling that deal off was a master stroke.

ML added serious value with that deal. In the current environment NTOG should be able to secure even better terms with any other future farm in on the Pine Mills acreage; most of which is untouched.

I wouldn't be surprised if ML has not been adding more acreage to NTOG's portfolio.

xx

DYOR

No excuse for intemperate late night outburst then, is there?

If you look at the updated reserves report, you can calculate the production run rate on an annualised basis, roughly speaking. I decided not to do it, I don't you getting even more upset than you already are.

If it is not technical then no doubt you would have drawn out the same conclusions from the report. Which rather begs the question, what is your issue?

xx

DYOR

Let see what you have to say when the Q3 update is out.

Anyway, how is the head today? Hopefully, not too foggy...

AIM rules require P1/P2 to be given by asset. An overall figure is not good enough.

PS Clickbait by Winnifroth. He knows if he stirs things up a bit, he will generate some traffic to his site.

And so if anyone takes the trouble to read the report you can discern the following:

At the time that the Reserves Report was written not all of the production that could be online, was online.

PDNP is Proved Developed Not Producing. PDNP has an embedded income of $4.8mil vs $40mil for PDP. That is about 10% of the production that could be online wasn't. That means without drilling new wells there is upside for increased production.

That PDNP is at Pine Mills and so should be pretty easy to sort out and get back online. It is not some stranded asset away from everything else.

The Proved Undeveloped (PUD) is interesting. At the Cypress farm out it is given as 403 thousand barrels. That looks to me based on the PDP on Cypress as either one or two new drill locations. Based on the previous RNSs that indicates to me that new PUDs have NOT been included for the extra 80 acres that Cypress/NTOG leased after the Cypress well was drilled. So on the first 80 acres, they were looking at 3/4 wells, lets same the same for the extra 80 acres. If they were added in as PUD that would add bout 500k barrels of oil.

NTOG has indicated that it has been in previous discussions about further farm outs on the Pine Mills acreage. That must mean that acreage is prospective otherwise why would anyone be bothered talking to NTOG about it?

On West Texas it looks like three PUDs.

Not included Caballos Creek and the new Permian Basin Farm In that was done last year.

Overall it looks okay but it also looks like a lot more can be proved up with a bit of drilling. On my numbers NTOG is seriously cash flow positive right now, the Q3 update will probably confirm exactly where we are up to. It looks to me that NTOG might consider doing a couple of new drills to move some of the assets to PUDs. That will make a material difference to the bank facility in due course.

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

DYOR

The AGM won't be till January/February and so Winnifroth exposes his deep understanding once again.

Morning Trolls.

I see you are having a collective whinge. Funny!

What are you going to say when the Q3 update is out?

It is likely to read very well.

I will do a bit of a technical analysis for you when I get a moment!

xx

DYOR

Been on the gin, Billy Old Boy?

Best not to post after you get back from the pub.

Hey Billy, why don't go back to making cryptic comments that no one understands and I will wake you up when we get to 3p?