Member Info for Helpful

https://twitter.com/BurggrabenH/status/1445149320697810949?s=19

https://oilprice.com/Energy/Crude-Oil/OPEC-Meeting-Ends-With-Minor-Oil-Production-Hike.html

Hey Trolls

WTI currently $78.20. Just think of all that extra lovely money.

DYOR

The reason for QFI being interested is that the UTAH output is low sulphur.

Hey Trolls, something for you to get your teeth into.

If you take the trouble to read the report and accounts, the following is important.

Average bopd 84, average price was $63.28. loss $269k. The big freeze and the storms that hit took a big chunk of the production out for a while. So, assuming no big hit in H2 the numbers would look something like this.

Current WTI price is $76.97. Assume average sale price is $72 and all the production is back up, so production averages 100 bopd and the production costs stay about the same.

100 x $72 x 365/2 = $1,314,000.
H1 revenue was $963.000
Delta is $351,000.
So on that basis NTOG is profitable for H2 BEFORE it drills Cypress 2, before it does the Permian Basin workover and before it does its aggressive workover and reconnection programme.

Obviously, you can play around with the numbers a bit: current BOPD might be a bit higher or lower, WTI might be a bit higher but nonetheless it is there or thereabouts.

Cypress 2 should come in about 20bopd net to NTOG, Permian Basin about the same and then you have the workover and reconnection programme. By year end NTOG should be able to add maybe 60/80 bopd. It doesn't need to but it looks likely that it will.

What that means is going into 2022 it will be cashflow positive and profitable. So it should be able to cashflow any work needed on the Tunisian asset.

Keep your chins up, you are doing a great job with all the trolling.

DYOR

At the last AGM the ability to do placings and waiver pre-emption rights were voted down. I expect the same will happen at the next AGM.

RRR has quoted assets it can sell. It will shortly add New Ballarat and Elephant to the list of quoted assets. AB has promised two other IPOs, I see no reason why other assets cannot be IPO'd.

DYOR

https://twitter.com/i/broadcasts/1yNGaYaVyRQGj?s=09

Relevant to RRAL.

Sorry no idea what your question means.

Contact AB, he says he is open to investors contacting him.

No it is not. As usual you don't know the square root of diddley.

1. You don't know whether Elephant has raised its pre-IPO money or not: I do.
2. I already owned 10% of EOC and subscribed in the pre-IPO.
3. EOC will list on either NASDAQ or NYSE with a major US brokerage on board at a valuation you couldn't comprehend.
4. All things remaining pretty much the same and the World not ending between now and the end of the year, Elephant will be listed and have raised a serious chunk of cash.
5. From then on the usual caveats apply.

DYOR

"EOC is a newly incorporated entity based in the USA which has stated that it intends to raise pre-IPO capital of approximately USD $2 million followed by a larger offering and admission to trading on NASDAQ Capital Market in September of this year. There can be no guarantee, however, that the intentions of EOC will be fulfilled."

Well given that you know everything, what you said must obviously be true.

Couple of issues though:

it is not listing on AIM and it has a CPR.

DYOR

https://financialpost.com/commodities/energy/oil-gas/eric-nuttall-energy-crisis-should-wake-investors-up-to-enormous-opportunity-in-oil-and-gas-stocks/wcm/165fb754-ce92-4c27-8b1c-2a7e962d9450/amp/

https://financialpost.com/commodities/energy/oil-gas/eric-nuttall-energy-crisis-should-wake-investors-up-to-enormous-opportunity-in-oil-and-gas-stocks/wcm/165fb754-ce92-4c27-8b1c-2a7e962d9450/amp/

No power to do placings; it was voted down at the AGM. It will be voted down at the next one.

Told you, nothing to be said here until news.

This news means Cypress No 2 well is covered, news soon I expect. News soon on the Permian Basin Farm In workovers. Then there was the prospective farm ins on more Pine Mills acreage. Then the possibility of an aggressive workover and reconnection programme on the non-producing wells. Lastly, Tunisia!!

Boy, are going to need a lie down soon!

DYOR

Steely old boy, you need to go and sort out a cup of tea and a bit of a sit down. The carer will help if you ask.

More news coming...

xx

Steely old boy, did you or did you not say no oil? The facility was renewed on the basis current production and reserves.

Why not take your bias, lies and losses and do one?

xx

Hey Expert, wanna update us on your no oil estimates?

Tunisia or Cypress II next?

He was obviously referring to the lift cost on Cypress and assuming it applied to all the other wells. It was in one of the RNSs.

DYOR

Lift cost is the opex. It obviously doesn't include central overhead and finance costs.

DYOR