Member Info for LongTrek

Well at least something is profitable then if not the company. Good to know that Bono Energy Group have added to their holdings.

Fortunately the company is profitable at $25 per barrel , & profit is being made, so thats a good start, we just need those wells to flow consistently, & hopefully if gas can be extracted from those fields, then maybe the gas monetisation involving the Bitcoin deal can be pulled off, which could turn out to be a nice little earner. Let's wait and see then. GLA

Though i am annoyed with this latest share placing, i still think Paul Welch & co. can make things happen here. It's just a very long frustrating waiting game here. More patience needed here. GLA

I think all of us shareholders are not completely surprised, but still gutted at this latest confetti canon ball of a share placing, it seems to be constant dilution with this company, from yet another disgruntled LT Shareholder.

Bamps has very good knowledge of these operations, im sure eventually everything will work out just fine, thought i'd top up on the dip and average down a little, still underwater here, but hey ho.. GLA

There have been sales over the last year, & i do believe that the proceeds are being used as working capital etc ., but i also wouldn't be surprised to hear that there has been some under the counter payments being made for the vast mineral supply of this project. Stuff us ordinary shareholders don't get to hear about. I'm sure it does go on, all under the radar, & away from the prying eyes of the tax authorities etc...anyway it'll be interesting to see when the next royalty payment is made.

I really don't know what to believe here anymore. this is meant to be a prosperous year for CGO, after all the hard work thats been put into making this operation work, everything seems to have come to a halt, (as news is scarce regarding the goings on at Muchesu) it would be wise to keep your investors updated so as not to cause suspicion etc. have the Chinese workers really go on a long holiday as someone mentioned in a previous post, why no news? it does make you wonder, i just hope were not being taken to the cleaners. GLA

'Locals not being treated that well as promised'? where did you get that info from? I thought locals were being treated well, i read some time ago that they were re-housed into bigger better homes. But anyway thought i'd top up on the dip today. GLA

Some brokers estimate a price target of 6.32 & one broker estimates this could Drop to 18.00 ! now thats worrying.

I'm holding firm as i do believe Paul Welch & co. will steer the company to great success. Give it a few months for some good news to come in regarding the water flood program etc. and this share price should start to creep up. I know BUCE is in safe experienced hands, so i have the utmost confidence that things can only get better. GLA

My Lloyds share dealing account does show the consolidation & is showing a price of 15.60 but now i'm apparently 96% down, i'm sure it will adjust tomorrow. GLA

Yes i do realise this, but i'm a bit disillusioned with regards to all the fundraises NTOG have had over the years, us P.I.s always get diluted to kingdom come. Whenever i try to average down, another placing seems to come along. and it just goes on and on. But anyway GLA

As much as i wanna see this share price fly, we must also remember theres also the small matter of £4 million debt which eats into any profits we make. i can't keep count of the amount of fundraises NTOG have had over the years, so at the same time i'm watching with hope & caution. GLA

Well the company finally receives the 2nd. instalment albeit 6 months later than promised. Thats cheered me up a little, but as stated by E&F below, their financial integrity is very questionable. This RNS explains the mysterious recent rises in share price, & so it leaves us wondering if there is some level of insider trading going on here. Isn't that supposed to be illegal? If that payment took as long as it did, and in the manner that it did, then are we to expect similar scenarios regarding future payments.? I'm really not so sure if Esprey is in control of his own company. To me it just seems like Huo Investments are pulling the strings with regarding the goings on at the Muchesu site.

I agree there, even though the share price is where it is, Paul Welch is a different kettle of fish compared to the last CEO. Its still early days and he is trying to lay the foundations of a good strong company here. He has so much more experience in this field of business than lofgran ever had. As frustrating as it may be regarding the share price, i do believe in whats he's doing and i am willing to wait that little bit longer in order to see the company achieve what is the bigger picture, and for the good of the company and more importantly, for all of us long suffering shareholders. GLA

Yes if you have the patience with this share, then you could be well rewarded now that Paul Welch & James Newman are at the helm. P.S. i should know about patience, it feels like ive been here for an eternity. Now Ill check out the interview on stockbox, GLA

Personally i think this stock is way undervalued. Once those prospective wells have been worked over & the older ones brought back to life,,,,, & theres lots in the pipeline, i do think theres a lot of upside to this company. It's just a long waiting game, & patience should be well rewarded i do believe.

So it looks like all that pumping on X last week, didn't have any substance to it. All this reflects in the share price. Back to square 1 again.

I agree that it should be a 10 bagger, but its not going anywhere without some solid, positive results, to show the markets that things are actually coming together.

I hope thats the case, they've certainly made us wait long enough. Obviously someone knows something we don't. Let's wait and see then...