Member Info for Lakshmi888

morning me thinks so am going to focus on NG on the hope it drops, buy in and leave. Indices are just moving sideways.......US may provide better clarity. Better things to do this morn. If you notice anything salient Ionic/Fox, cld you pls post, will check in periodically but range movement way too narrow past 1-2 hrs ;)

Yes Drewky, but only **after** I had posted about the 1.19 first thing in the morning.......and even then, no discussion! Only a furry of pointless comments on the sp and buying/selling. Jeeeeeez!! Lol!! ;) Anyway, I've made my points/opinion...........enough said..... Let's focus on NTOG. GLA:)

Paddy, Matt had hinted of hindering progression with North in previous RNS's reading between the lines but obviously in a diplomatic manner without just saying it straight in an RNS! ;) It's abt time North were accountable for stalling progression so at least this issue will get sorted, one way or another, irrespective of how long it takes. There is no reason that I can find within RNS's at least that it shdn't go in our favour ......AIMHO. GL:)

disrepect but have any/some of you actually read the RNS in detail?? No-one even noted or commenetd on the $1.19 price!! I speficially posted those 3 points to alert some to it. ie ''This improved the implied acquisition cost of IRE's stake in the Concession to $1.2million, which equates to US$1.19 per barrel of 2P oil reserves attributable to the acquired interest (per 30 June 2015 estimates).'' With respect, it wld be beneficial if this bb could revert to the previously credible bb it was prior to all this unnecessary and pointless ramping that has been going for some time now. As said no disrespect to any specific individual, but it is putting many off on posting here and has deteriorated into becoming like every other bb on LSE. Anyone actually wish to discuss potential, facts, RNS's, pertinent points re the company and news, rather than just repeating it is undervalued, POO, mcap.........over and over again?!! #JustAThought GLA:)

You think lower yet also then Ionic assuming the steeply falling dotty line continues ??

piggledy posts is not funny LSE. Nor helpful. Just in case you were wondering..........:(

Dahmed ;) GL:)

NP Pawn. Nice to discuss RNS, fundamentals etc rather than just have ramping etc on this bb as of recently........;) Correct, Egypt is in no way factored into the current level of NTOG's sp imho but this arbitration issue is very significant w.r.t. any potential rerate of our sp and I believe Matt is doing the right thing. It has to be sorted out, and the sooner the better, as potentially it is costing us in terms of increasing cashflow/profits and thus holding us back. Note the 3 points I posted earlier and work out what that means for NTOG based on today's oil price (Brent in this case)....It's truly staggerring........ As posted earlier, we're lucky to be able to continue with our Permian Basin efforts in the meantime. PSI can both dummy buy and sell peeps so pls, let's keep things in perspective on this bb..............;)

Voila!! Failure to break 2647.......and there she falls..........:) That may be the key level to break though I suspect a further retracement yet....imho.

bb has seriously disintegrated into being like every other bb. It's truly embarrassing.......... Ramping by those who either repeat what others say, dont really know much abt the company but like to make out they're experts, change their stance from positive to negative within 2 mins or v.v and/or dont or cant discuss the fundamentals, potential, or even the pertinent points of RNS's due to little knowledge of the company most likely without ever reading most of the RNS's off the past 6-12 months............. Just supposed know-it-alls that deter prospective buyers and put off holders like myself from wanting to post on there anymore. I take back what I said 2 wks ago. The bb has seriously gone downhill in past few weeks and even months.............:( No credibility left on it.............. Grrrrrrrrrrr.................:(

failing yet to break 2647-48 this morn despite the rally on open.......Retrace first........?

Ionic, OFFICE!!!! How many times ahve we had a chat abt TMI re. your activities??!............I recommend FUM for your 'internal incompetencies'...;) Now, reverting back to the topic of Dow.............;))

I doubt the Dow bears were looking at it 'all wrong' as Dow did lose over 1000 points in less than 2 sessions.....so wld be justified in their beliefs!!;) But there cld now be a rally though once again I dont hold any confidence that we still wont see lower in weeks to come....black swan news............?

Pawn, not so much ''owed'' but NTOG's belief is that the current production can be improved and cld amount to 450 bpd. Until North and NTOG can move forward together, we are not achieving this level of production. It wld appear progress is being stalled and has been ever since we acquired our stake in the Concession. As said, North playing silly beggers for some reason..... Hence why this arbitration process is now necessary...........

3 eyewatering points from the RNS to be remembered for the future imho: ''1. This improved the implied acquisition cost of IRE's stake in the Concession to $1.2million, which equates to US$1.19 per barrel of 2P oil reserves attributable to the acquired interest (per 30 June 2015 estimates). 2. Gross 2P reserves attributable to IRE's interest in the Concession were estimated at 1,008,922 barrels of oil on 30 June 2015 (DeGolyer and MacNaughton Canada Limited estimate). In addition there are two natural gas discoveries on the Concession. 3. Nostra Terra believes there is significant scope to improve current production, which it understands to be approximately 450 barrels of oil per day ("bopd"), in the event of a settlement with North Petroleum.'' Keep in mind for the future...........AIMHO. GL:)

3 eyewatering points to be remembered for the future me thinks: ''1. This improved the implied acquisition cost of IRE's stake in the Concession to $1.2million, which equates to US$1.19 per barrel of 2P oil reserves attributable to the acquired interest (per 30 June 2015 estimates). 2. Gross 2P reserves attributable to IRE's interest in the Concession were estimated at 1,008,922 barrels of oil on 30 June 2015 (DeGolyer and MacNaughton Canada Limited estimate). In addition there are two natural gas discoveries on the Concession. 3. Nostra Terra believes there is significant scope to improve current production, which it understands to be approximately 450 barrels of oil per day ("bopd"), in the event of a settlement with North Petroleum.'' Keep in mind for the future...........AIMHO. GL:)

that LSE took a leaf out of this guy's book.........and decided to multiply it by a billion just to make sure..... https://imgur.com/z2NRZtV :D

You'd actually think it wld be easier to get the posts synched correctly wrt day and time and getting them all mixed up wld require greater effort or require a program to mess up this badly........ #OnlyLSE..........

Ionic/Fox, I think it might be a good idea to quadruple check the time of posts when reading/acting on any posts re going long or short on any part'r indice. That said I doubt we can be anymore wrong than we normally are lol!!...

We have plenty occurring in the Permian Basin to look forward to and Matt is actively looking to secure further acquistions *anywhere* globally etc so still plenty going on........ I doubt even North wld want this to be protracted for too long as it doesn't benefit them. Better for NTOG to make steps towards getting some kind of resolution than allow North to continue to hold progression in Egypt up any longer....AIMHO.....