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Quite right. Some people can't see the wood for the trees. I know on the MXO/GE asset swap deal and payment, NCT were fully expecting that MXO owed them 20% of the cash. The most likely outcome was that MXO would not pay out the $380,000 to NCT but carry them for an amount equivalent to the $380,000 on Tecolutla. As always these things are not under NCT's or Randy's control. I know he knew nothing about MXO pulling out of the four licences because I am the one who told him they had done so. So he was expecting that NCT would have 20% of MXO's stake in Tecolutla and to be carried for $380k. NCT's stake would have been around 13% and so NCT would have been carried until the capex topped circa $2.9mil ie., more than enough to get the production going on two closed in wells and a new drill or two. I am still not certain we know the full truth behind what happened on that deal. MXO is also going to be about 2 years behind schedule on getting MX assets; Randy was obviously expecting that he would have been able to sell the warrants by now and make decent money for NCT: again, it has not happened, yet. DYOR

If I remember rightly the intended margin on that contract was around 35%.

It must mean the permits are in place. Progress!

On the RP it could be that they have started taking deliveries of soil for treatment at a later date. The site must have a large storage capacity to permit efficient operation.

We could do with a proper update on SC and confirmation of what revenue generation has started at the Remediation Plant.

Has RC/NCT any interviews lined up?

NCT should have decent cashflow from September: LM19, LM20, LM21 (maybe LM22), a few workovers, Alta Loma (gas prices are going up) and the Remediation Plant. With at around $50 heading to $60 and gas prices up that makes a huge difference especially if they can get the gas sales going soon.

Well fingers crossed: hopefully they have been getting on with some of the potential workovers at SC. Lots of easy production wins there to be had for not very much money. Now we are not looking at $20 they will be highly profitable.

What makes you think that BT?

I suspect there is a lot to report and some things are still changing day to day. Don't forget the Nomad has to agree everything.

Remember what I said earlier about US Natural Gas prices? http://www.worldoil.com/news/2016/6/28/us-gas-surges-to-10-month-high-on-spreading-heat-supply-cuts http://www.eia.gov/naturalgas/weekly/ Very good for NCT: we produce gas from Alta Loma and Oklahoma: very soon we will be selling it from SC.

http://www.bloomberg.com/news/articles/2016-06-23/oil-glut-is-fading-where-you-would-least-expect-saudi-arabia

when I have done it the past I just emailed the NOMADs with the details but they were mates so I knew them. I didn't bother with the TR 1 and no one raised any issues.

You just write to the company or the NOMAD, tell them: how many shares you have the day you went over 3% name and normally contact details If you hold in more than one account ie personal, ISA, SIPPs, spouse's accounts you normally clarify that. Thanks

Did you struggle to get the stock or was it straight forward?

Just need MXO to get moving and then all my oilers are well up today.

Very strange article: it says 7 days ago, ie after the announcement they were pulling the plug on the four fields but he is talking as though he still had them. http://www.theworldfolio.com/company/geo-estratos/1362/ Note he talks about MXO being a small financial services company. Interesting comments about the value chain: obviously hinting at gas to wire power projects. Note he say energy rather than oil & gas.

True. It has been a bit of a wait: surprised ADL has not updated the market yet or MXO.

Fingers crossed. I hope you and Stuy are right about flaming June.

Being in dollar assets a be safe enough. Blomberg report out in falling Iranian production.