Member Info for orslega

simply logic eh, more like dog with bone springs to mind. imo

imo they have almost certainly expanded that initiative based on LM19 results; as we know, workovers are cheap and quick to do - not forgetting they have their drilling team onsite. Note, NCT did not RNS LM19 until they had done it.....in which case absolutely no reason why other workovers could have been done if the results of LM19 were good (which I understand was the inference from brief comms). After all they previously identified many other workover targets so this is a means to very efficiently build up production; imo

ADL RNS (NCT have fully funded their participation) Extract President Widodo of Indonesia endorsed the construction of six mobile power plants at ground-breaking ceremony as Government of Indonesia looks to  increase electricity capacity across the archipelago by 35,000 MW by 2019;Technical proposal for work programme to test the ABF at Tuba Obi East concession has been presented to Pertamina – with drilling contractors, potential locations and surveys all well advanced to allow immediate follow up once necessary work programme is approved;

If you are referring to me I have no motivation - none whatsoever; - on the question of balance, it is for YOU to research where you think NCT might be doing any deals, the type of deals they might do and how they might be structured. As I have said SO MANY TIMES, depending what they do, the structure could be very different. In respect of financing, you seem to be focussing on an acquisition - yes, NCT mentioned that possibility amongst plenty of other routes to MX services market.....and of course that will mean either a fund raise or an issue of shares, not rocket science. As you have noted, I favour a JV however, which in my view makes perfect sense for the target market NCT have identified and for reasons already explained, many times, does not necessarily need a finance raise. ps On trust, you really surprised me on your comment there; I personally wouldn't trust anyone on a bulletin board, I have simply offered a view on what i think may transpire. Simples.

yes thanks, but that was the easy bit....now off to tackle the paddocks....(advice: if you're going to buy land around your house make sure put sheep or cows on it...otherwise you will be a slave to it!)

This is a matter for NCT - not me. End of, I'm off out, very sunny, 2 acres of lawn to cut...

All I have said there are plenty of ways to structure a deal depending on NCT role. The company will tell shareholders when they are ready to do just that. Obviously I have an idea. You'll have to wait or start to be creative yourself!lol

I am not dodging any funding questions. I have simply said that the opportunities which NCT are looking at in Mexico services arena are imo very diverse in nature, and I expect the structuring of any potential deal will be dependant on what the NCT's role is in the relationship at the start and going forward. NCT (like MXO and ADL deals) might simply be bringing parties to the table because of their extensive contacts across MX/USA and gaining valuable participation rights and warrants; they might be acting as broker, they may be acting as participator or even joint venturing. Too many variables means plenty of ways to skin a cat when talking finance. Let's just wait and see.

labratt, let's not have another repeat of last weeks discussion, I thought we agreed to leave it at that. Wait and see, too many variables imo Helpful gave a good overview of the many different options - check out his last post on the subject.

well Stuy has been posting here for quite a while, holds a large investment (he stated that sometime back I think) he says that has dialog with the BoD, which you would expect as a large investor.... talking of April, wasn't it April that there was an update by RNS - yes 20/4/2016 "To this end, Northcote is in discussions with US based providers of services to the downstream oil and gas sector regarding various potential business opportunities, joint ventures or potential acquisitions for purposes of addressing the opportunities in Mexico." Could those discussions have led anyway which made Stuy (and a few others, including me) think NCT will be adding value for their shareholders, at long last?

why is up but with no trades....background order?

Not really one for charts but I see also someone else suggesting the NCT 20/50 DMA Cross is close (whatever that means ) and suggesting at least a doubling from here, or starters. Wonder what significant news does to the technicals - imo we'll soon see : ) I expect a very large herd to arrive..........be little room for the regulars,lol

briarbank - imo YES Unlike a few posters who were expecting/suggesting that the share price would tank on announcement of the 2015 full year results.....it didn't - well why was that then, because clearly that was already priced in. A while back. What is not priced in then? answers on a postcard.....well, let's just see.... Onwards and upwards, tick tock : )

and an excellent contribution that is indeed bigtimber; it helps to dig deep, imo cheers

what news might that be then Helpful? lol

Oil price (and gas price comment) The new Brent contract has settled in nicely, Friday saw a number of conflicting messages which saw the price moving to and fro. On the upside was the joint statement from the Saudi Energy Minister and the Opec Secretary General saying that the oil market was ‘heading towards a balance’ and even suggesting that before long the Saudis might be adopting the swing producer role. Also pushing upwards was the breakdown in the ceasefire in Nigeria after five attacks on a Chevron and other NNPC targets was announced. Finally the dollar index fell on Friday giving a small cheer to the crude price. On the downside, the strike in Norway is off after a settlement on Friday and the CFTC figures showed money managers cutting their long positions somewhat. With the rig count rising again, it has only fallen once in five weeks now, this time up by 10 units overall and 11 in oil, it maybe time to have a look at stocks like Hunting although the number is still hundreds down overall. So, the oil price has had another good quarter, WTI rose 33% and Brent was up 31% and closed on Friday over the magic $50 level. Combine that with nearly $3 natural gas and the quarter was pretty good for energy prices.

.....can understand the interest... "US natural gas prices have leapt 30 per cent this month as hot weather boost demand for air-conditioning and slowing supplies point to a gradually tightening market" https://next.ft.com/content/83effe86-3e0e-11e6-8716-a4a71e8140b0

and if that is the case as they have the team already "onsite" (after LM19 workover) what's to say that they haven't been cracking on with other workovers, certainly cost effective...if the LM21 cash is being re-directed they could be doing a few extra workovers right now and we would have no idea until they are ready to update ..very possible, imo.....

what also interests me in terms of SC field development is the potential for gas sales, particularly as gas prices are rising....24 March 2016 RNS - 2016 work programme: "Negotiation of a natural gas contract and installation of necessary equipment to permit sales of natural gas" Look also at the comment from the CEO of Gulf earlier this year re gas opportunity, rising price of gas, lower cost base; am guessing they will also be interested in seeing so movement on the gas front at Shoats Creek.... http://gulfcoastwestern.com/docs/MM_GulfCoastWestern_1.25.16.pdf

DC - cant be as there is nothing on Sonris and they've done LM19....so as far as State of Louisiana permissions are concerned, it must be covered off elsewhere. Suggests less red tape on workovers...