Member Info for MadChatter

the Company has identified a broad range of operational and strategic opportunities for the business to deliver shareholder value, some of which require the investment of further capital in the business. These options include (but are not limited to) further throughput agreements with third party gas suppliers, bolt-on acquisitions in existing and adjacent fields, farming down stakes in some assets to expedite their development, and a corporate transaction. The Company therefore announced that it is launching a process to review these operational and strategic options for Nostrum and its shareholders. No decision has been taken yet.

The corporate transaction being a takeover

https://polaris.brighterir.com/public/nostrum_oil_gas/news/rns/story/rn0znpw

This has been jumping within minutes of coming out of auction all morning

I think you're looking at it the wrong way around. The price dipped so low because they were selling.

** can't imagine many people who bought above 50p would sell down here

Another fairly obvious point here, but I can imagine many people who bought above say 50p will be selling any down here. Which means a huge chunk of shares are in sticky hands

From advfn

NOG will generate over $200m in op cash flow this year, they have $100m+ cash on the balance sheet, they have multiple promising exploration avenues and, if commercial, the cash to bring them to market. The end target is to pay off debt by selling the hydrocarbons they find and processing material for third parties. Goldman’s may be helpful structuring how this strategy is optimised, but ultimately the means by which value is created here is not particularly complex or different to that of any other e&p.

Reading around, this company is producing oil already, and a lot of it. From two main production zones (of which the proven reserves are about 400mbls). The drill duster results from Friday were on an area with no proven reserves. So nothing ventured nothing gained I guess?

But the main news seems to be shorts closing in light if a probable debt restructuring

From what I gather there is a strong chance they are restructuring their debts. Should that happen then this could easily get to 50p at least.

The fall presumably caused by their debt repayment and issues with the last drill

Was trading at £1 less than 3 months ago... Massive potential here!

Flying now!

I'm guessing the constant sells were holding the price back?

Just speculating some companies might object to Antos holding a sizeable % of the shares? Who knows. But I think it makes a lot more sense for it to be a company he is already on the board of

Lol, you're pushing it right to the line!? This isn't ebay count down haha

I interpret that differently, to me it suggests there are legal restrictions in place for a specific company in announcing something. Not that the nature of the sector could be controversial.

Bit confusing why people would be looking to sell, considering the company have made it blatantly obvious what is coming and when.

I think we can confidently say this will hit 1p on signing, if there is reference to the amount from the historic claims

Afaik the main one I've heard people allude to is Rio Tinto?

Could someone very simply say where a holder of WRN who has not sold their WHET allocation stands now? I've been out of touch with this for a long time.

2p next week chippy? That's pushing it a bit! No need for that ramping ;p

For now they have stopped I think? As they have reached the maximum authorised allowance that can be issued.

I'd suggest you do some digging into RTO in the past, some have gone on to vastly exceed their pre suspension cash levels. Some have ended in disaster.