Member Info for orslega

As for going concern (accountants these days cover their arses to the enthusiasm degree on signing off) , I have absolutely no worries on that front - otherwise I would have taken my substantial losses by now.

Unfortunately nothing you say is new - the points you make have been well rehearsed many times by many investors. I, like you have said I have not been happy with the way things have been handled but in fairness the climate has hardly been the most condusive to execute new strategy. There are many AIM O&G companies who have stood still and on the brink of collapse, many many small US oilers gone bankrupt but RC strategy was, rightly or wrongly to seek out opportunities which he considered would ultimately return shareholder value. We obviously have to reach that point but as I have posted I sincerely believe NCT are about to announce something very big - I am not bound to any confidentiality agreements but it would not be appropriate to say any further.As I have said let's then have an informed debate on whether NCT will survive if what I think is happening, happens. All I would say is that there's plenty out there in the public domain to see how the jigsaw comes about. Imo

Heriberto Gonzalez (Eddie to his mates) He is the President of PP and Shoats Creek Development. Both recent appointments. A little while back the PP site was open for public consumption and HG cv was posted. Those who saw it - Noli posted the detail at the time before it got pulled showed him as very impressive and successful entrepreneur involved in O&G waste management activity and much more. Fluent in Mexican with extensive contacts. His cv also told us that he brokered one of the first gas deals between US/MX in the post energy reform era. The detail was kept private but by all accounts it was a mega deal. Imo he is almost certainly a big part of the NCT jigsaw in MX going forward. Based on extensive research I might add. penalty shoot out time...come on Poland!

Lol yes someone paying attention

Accounts - a couple of weeks ago someone was questioning the ownership of Prosper Petro, saying it was just a website etc etc The audited accounts state otherwise - NCT own both companies. Extract. Prosper Petro, LLC * 100% USA Dormant Prosper Station 1, JV LLC * 100% USA Dormant More importantly who is the President of Prosper Petro then? The answer to that will make things much clearer where NCT are heading. Anyone remember? Keep up guys, lol

Yes, my research suggests news is very imminent....imo

See nice monthly admin fee imminent, must be decent revenues to cover that admin overhead : ) Northcote is funding 100% of the up-front expenditures associated with the implementation of Mayan's business plan and will receive (i) a US$15,000 per month administrative fee after the overhead costs of the business have been paid; and, (ii) 85% of distributable cash flow until pay-out plus a 9% internal rate of return has been achieved on the investment, after which profits will be distributed based on the relative ownership. As of June 30, 2016 commercial operations utilizing a portion of the facilities at our remediation plant have been initiated. The revenues generated will be reinvested into future expansion of the remediation plant,

good spot briar...and some very interesting commentary on LM19 ...news in the pipe I reckon, no co-incidence that blog has come alive : ) The blog is a great resource for NCT info - interesting comment on Mayan, which according to today's RNS is now productive (slightly ahead of schedule?). I quizzed RC about lack of progress a while back and he simply said, we cannot afford to allow Mayan to fail, that is the gateway for many MX opportunities (I think he was referring to MX gov involvement). "Mayan Drilling Fluids facility will be the first investment by a foreign company in Tabasco State under Mexico’s energy reform, it will need to be seen that the Mayan is going beyond and above for the local community and set a precedence for future opportunities."

footy getting interesting, come on Poland, lol

"Looks like usual RC 'jam tomorrow' but the figures don't lie. From 1.317B shares in issue on 31st Dec 2014 to where we are now, and £2,000,000 in net debt." Snapshot. This is the point I was making earlier, much has happened since the 31/12/2015, All historic - 31/12//2015, so 6 months after these results; there have been 2 placings since then and 6 months of SC revenues. Remember this, after year end 31/12/2015. "Northcote is pleased to announce that it has substantially improved its balance sheet through two transactions with Shoats Creek Development, Inc. (‘SCDI’), its partner in the development of the Shoats Creek Field, Beauregard Parish, Louisiana. The total reduction in company liabilities resulting from the above transactions is US$535,800.00." There are other improvements to the balance sheet references, but you need to dig deeper 15/3/2016 another post balance sheet event "As a result of restructuring of the relationship between Northcote and SCDI in concert with the GCW deal, Northcote will realize approximately US$30,000 per month savings in the Company’s US general and administrative costs" Have a closer look, you and will see that NCT had borrowings of just $236K o/s at 31/12/2015 - compare that with o/s loans the previous year of $1.77M. They have no borrowings right now. Net equity at 31/12/2015 = $3.556M; net equity at 31/12/2014 was negative $(594K). Improvement? The loss decreased by 67% year on year..... The Group generated a loss for the year attributable to the equity shareholders totalled US$6,137,000 (31 December 2014: $9,778,000), which was a function lower commodity prices throughout the period, the impairment of oil and gas assets totalling $1,359,000 alongside increasing activities in Mexico. ************************************************************************** As I said earlier we all knew what to expect - infact I was expecting much worse, but now need to focus on current plans.....tick tock...news. Accounts present a picture at any chosen date............the key to understanding the business etc is to try and work out what's happening actually happening win real time, post balance sheet events combined with research, talking to the Board, etc etc

check the small print......RP is now earning, as of today... "As of June 30, 2016 commercial operations utilizing a portion of the facilities at our remediation plant have been initiated. The revenues generated will be reinvested into future expansion of the remediation plant, which can easily be scaled up to meet expected increases in demand both in Tabasco and across the country."

Just depends on how this ventures are structured; for example, bringing parties together in Mexico is not straight forward - far from it (MXO recent experience a very good example - partner failed to perform at the last hurdle); if NCT are able to facilitate a big deal no reason why they don't get a free carry with limited financial contribution. Isn't all about the MX Energy opportunity opening up and just who you know on both sides of the borders. I think it is and NCT are very positioned for some action on that front. imo of course.

"Not one poster has offered ANY explanation as to how these new ventures are going to be funded because funding will be required." Not quite right actually, it has been discussed here before how NCT position themselves. Their strategy is as published on their website, thus: 'Creating partnerships with experienced management teams and established operators to bring first class execution capability' This is not all about funding - this is as much about putting the opportunity together; MXO is a very good example of the concept - bring all the parties together and take a slice of the action, in that case zero cost. to NCT with some huge upside should MXO get going. Small piece of very large pie will mean serious money to NCT. imo

precisely, Mr M keeps is constantly looking over his shoulder, again and again, what's done is done..if he spent as much time researching on likely areas NCT are focussing on right now (plenty out there to see) as he does posting about previous placings this would board would be a far better experience... ....now on subject of big news, this sort of thing doesn't arrive over night; it takes time to put in place...April was only 2 months ago - so in the scheme of building a big opportunity for NCT and its shareholders, that is nothing.....if my gut instinct is right those who have invested will be very pleased, near term....all imo, of course

I guess there might be NCT representation at this...... http://pecomexpo.com/?utm_campaign=PECOM&utm_source=hs_email&utm_medium=email&utm_content=31129762&_hsenc=p2ANqtz--b9r6WK7UQLjbsIFgBrcTvQPAckQOfU_pr7K7E2RIV8m1X6otf7Wc1AYVPLsAigz0sZ8FTBl9c2QFTgiltuFl7cUtmaL4A-Wax4PlMe7oTJxCetis&_hsmi=31129762

well put......but like me probably falling on deaf ears.... as I said wait and see, then let's have an informed discussion... as I said earlier, the accounts should show up later, but I am more interested in what's happening right now now....

bbricar - you are right, sentiment/confidence is rock bottom at the moment.......how could that possibly change, majorly?(good word that, lol)

Well have to disagree majorly on that. The accounts are historic, ended 6 months ago. Current statement of what's happening now and planned near term is what now counts. That's what interests me. Watch and learn - your fingers and much more have clearly been burnt too many times, really not sure why you are in AIM shares after what you've been through. Granted, RRR has been a really bad experience which is still hurting you for you to keep repeat repeat same old.......without fail. I have said I think NCT have turned the corner - and as i also said earlier, let's wait and see what emerges, then have this conversation. Yes? (Otherwise it gets rather tedious to put it lightly)

"Why does anyone believe a positive forward looking statement in any RNS issued by NCT would help the share price?" Depends what it say....that's why.

Superwoofer - not expecting good news in the accounts; elsewhere maybe : )