Member Info for Helpful

Can you take this crap off this BB? It has nothing to do with HE1.

Titan,

1. It means a lot if you actually read anything: it further improves the cashflow position, it improves the WAFD facility and increases the valuation of the reserves.
2. Given we know NTOG can operate at under $30 a barrel, $70 a barrel is very good news.
3. NTOG can't put out its drill programme until it knows where it is up to with Tunisia and it knows where it is up to with the WAFD facility.
4. Cypress calls the shots on the drills on the farm in acreage.
5. In the past you have stated that everything out of NTOG is lies: are you softening a bit and maybe admitting not everything is lies?
6. The higher oil price means the two other potential farm ins on the Pine Mills acreage are getting closer to fruition.
7. NTOG is likely to have to come up with $200k for its share of the costs on the next Cypress well.

https://www.londonstockexchange.com/news-article/NTOG/operations-update-pine-mills/14885283

DYOR

https://twitter.com/NTOGplc/status/1401776429939953667?s=19

TSX, FF and OTC

Is it below 0.25p?

Shares are for buying and selling.

You need to look at what a pump is: a list of the news due is not a pump. I have been the one right on the news front not the trolls. They just let their personal animosity to ML colour everything.

The trolls have been solidly wrong on this share for over a year: likely they will continue to be wrong for the next year.

I expect we will hear something on the second new drill with Cypress before the end of July.

I look forward to exercising my warrants when we get to Billy's 3p.

Just be glad that Turney didn't get control. In the meantime trolls you keep whinging and I will concentrate on making money. HE1, PQE and TOMCO have all been very kind.

xx

Out now. Try listening and learning.

Salinger, come back to us after you have listened to the GS interview. You might understand a bit more or maybe not..

Look in the mirror mate. I am not the one that is £100k down (according to your statement). Ask yourself, who is the bigger W'r? The one £100k down or the one who consistently made money on NTOG?

I look forward to the news on Tunisia in due course, whereupon, I expect to make some serious wedge. How about you? Looking forward to the news on Tunisia?

xx

George doesn't mess about. You will like what he has to say.

Just as well you sold out a couple of months ago. Of course, you could be trying to wangle a lower re-entry price.

https://hotcopper.com.au/threads/mining-investment-inflection-points.1209514/

Interesting.

Well WTI $69 today, $70 on the way Kerching!

Waiting on

WAFD renewal on the banking facility
News on hedging
News on Tunisia award
Operational update
Next deal excluding Tunisia
Next well with Cypress
The potential farm ins to Pine Mills

Fingers crossed.

Just think of the cashflow at $69/$70 trolls.

Keep chatting pointlessly amongst yourselves.

DYOR xx

Leyland,

maybe they are just waiting patiently.

xx

$68.28 Kerching!

Good news for cashflow and the WAFD renewal.

$70 would be better.

It says $10+ not $10.

Construction sand sells for more than $10/ton.

More complicated than that.

The centrifuges were getting scarred too quickly. They were getting blockages because the material size was too large (it wasn't ground enough at the front end). They had an issue with residual clay fines. The heating was insufficient to permit full solvent recovery and so the sand was coming out wet. The ore being inputted wasn't blended and so was inconsistent resulting in variable output. And so on. All of these are engineering issues. What you do is set your system up and then correct it as you go along. It now looks like the engineering is sorted. In addition, on a small scale plant it was difficult to get any economies of scale and so they were producing at a loss for some time.

Fingers crossed.

DYOR

The quality issue before was the clay fines.

No way will the sand be getting put down a well if there is any doubt about its suitability: hence the tests. If you put the wrong sand down a frack well, it crushes into a powder and blocks the fractures. Ie., you have ruined the well.

The sand is not being tested for its suitability, see the RNS from December 20 which I post again. That RNS was following lab tests in Colorado I believe.

https://finance.yahoo.com/news/petroteq-energy-announces-testing-sand-133000617.html

"giving the sand an 8K crush factor and confirming that the sand is suitable for use as a frac sand."

So the testing and suitability assessment has been completed. What the company is doing is supplying samples for the offtaker to use with its clients. ie., we are further down the road than assessing if it is suitable or not. They are looking to sign sales contracts.

DYOR

I am sorry, I didn't realise that this would be so difficult.

1. Most existing sand used for fracking comes from Wisconsin (not all but most). The at mine cost is way less than then the delivered cost in the Uintah basin.
2. Mt Vernal is in the Unintah basin, therefore the delivery and handing costs will be less than sand coming from Wisconsin.
3. Production in Utah is restricted by a lack of water in Utah.
4. PQE uses a closed loop system for water.
5. Utah is currently going through a drought and talking about imposing water use restrictions. The choice will be homes or sand production: hmm, let me think about that one.
6. Even if there is sufficient sand in Utah to supply the fracking market, they can't do it because of the water use restrictions which prevent them expanding output.
7. Water is likely to get more expensive in Utah.
8. We will know shortly but they should get around $80 per ton for the fracking sand. Don't shoot me if it turns out the be $75.

DYOR