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They might no be PLC ,Tigre Project 1 (TP1), which is backed by Oxford Capital Partners managed investors and Baker Hughes, a GE company (BHGE), will see the development through to first power towards the end of 2021.but they might well be ahead of the game.
Nothing new , we know all that , are they any closer to signing off on a project ? There are plenty of company’s trying to get in on GTW, just more bluster which is really starting to irritate me now !
Sorry had to laugh share price dropping and they tweet a totally irrelevant piece of information I am sorry but talk about rubbing salt into a wound ,get a grip NU oil.
Apologies Cobra ,i had not heard of the individual,will not quote him again .
According to Twitter a 4 million sell on NEX at the end of the day I wonder which LTH that was,fecking disaster this is turning into, should of known GS got no shares apparently in the company he chairs so share price doesn’t harm him lol
Rant time.
So MFdevco been established since 2013 ,and have been trying to get a marginal field project up and running since then and to date have not achieved a single project deal, and to be honest there has been no real and I mean real evidence that they are close or have close to a deal if there is evidence let’s see it !! What we have had are RNs’S containing statements which where not true although apparently these are strictly monitored by the nomad !!
1.PVF will be ready to begin the production test, which is anticipated to last between 30 and 90 days, as soon as approval is received from the DNR 3/18
2.Securing the first project via MFDevCo remains the priority and good progress has been made with respect to achieving this in the short term;3/18
3Technical and commercial discussions with PVF are ongoing to determine the most effective route to achieving production. These discussions are expected to conclude imminently at which point we will update the market with our plan for the next stage of development. 12/18”imminently!!
Now we have the sudden jump to GTW , which is a great idea and one which other company’s are hoping to develop and seem to be further ahead of NU/MFdeco and if they haven’t managed to get one project over the line in 5 years with marginal fields why should I believe they can with GTW or is it just the lastest buzzword to keep me invested, some will say that with a collaboration with a big company like Siemens that makes it ok, we’ll we had this when Aker solutions joined the consortium all ramp but that was over a year ago and no deal since they joined !, so I doubt GTW wire deals will be any different.
I would love someone to show me some definitive evidence that nu oil and MFdevco are actually close to anything and not just blindly spending investors money.It so easy to say there working hard and very close without ever showing at evidence at all. Imho I feel they are nowhere near anything at all!
Yes Iam invested and see bigger losses everyday my own fault I know but I feel the company’s failed promises also play a part. Yes I could sell but there’s not a lot of point at these prices and yes I have contacted the company via Simon and get the same boring bullshit reply every time .
GLA we are going to need it
(
I for one respect LT and his comments,and I hope he is right this time this share could do with some good news.
Siemens also produce gas powered generators suitable for rigs which are close to the wind farms
Siemens although not a partner but we do have a collaboration agreement, I think you will find MrP they cover wind power fairly well
Mike bowman makes sense as he is an adviser to Dana ,GS’ last major position was Dana and didn’t seem to be doing a lot,jobs for your mates possibly
Marbur ,you could not have looked very hard ,he was interviewed twice as a consultant of petromall in 2017 by oilvoice.com; So obviously he has held positions since 2014. DYOR
Have a feeling we are approaching the now or never point for this share, price is falling , new top man not saying a lot ,lots of collaborations but no signed deals ! Simon not answering my perfectly straightforward emails (is he still there ?)to be honest Brazil was obviously close in the summer but that boat has well and truly left,so either there’s a rabbit about to be pulled out of the hat or Iam about to lose the remaining 50% of my investment and to be honest Iam not very optimistic. GLA
Agree with you SD5,but would be nice to get something over the line somewhere we seem to be spreading ourselves far and wide can just try and concentrate on getting a project signed sealed and delivered then rule the world.
Taken from EDR's RNS 7/1"We are pleased to report the start of drilling at Biscathorpe-2, one of the largest remaining un-appraised oil prospects onshore UK. In addition to the defined structural closure, stratigraphic trapping - if present - could lead to significant upside for oil resources. We look forward to updating shareholders with the preliminary results from the well in early-February. "
So for what ever reason they are late with initial results whether that be they haven't reached TD or for some other reason . Is this good or bad make your owwn minds up.
Thank you SD5 for your reply,just had a bad day at work and saw another 5% drop and took it out on NUOG,really do hope there is something in this and deals can be done.
Feeling a little Daja vu moment, if gas to wire has been worked on for a while why was the no mention of this at all in 28/12 chairman’s notes in final results RNS ? Holding a large paper loss so was hoping for proper news at AGM ( I did not sell last month but wish I had) they just seemed to have jumped on the latest trend ie Gas to wire, as it would seem all there coal face hard work in the summer has come to sweet FA ,we only have there word that Brazil is still on - fat chance- so why should I now believe anything NUOG tells me after all the bullshit of the last two years . Moan over placing my shares in bottom draw and hopefully when I look again in eighteen months they might surprise me GLA .
Apologies I did say I would not post again but Simon has confirmed to me that the Brazil deal they where working on in March is the same deal that they are still working on as we speak! Make of that what you will just thought I would share that with you all.