Member Info for orslega

....forward statement might just include Mexico : ) hint: Shoats Creek will be a side show (but a nice one at that).....recent RNS's make the strategy more than clear; time to reveal what's going on, I am expecting to be very pleased. imo

anyone who has followed NCT in the year ending 31/12/2015 will know that the results will be rubbish but that is now history........want investors need to see is the forward looking statement of what is going on right now....

I'm hugely down but I think I know what's coming....nudge nudge, wink wink, lol Mr M - I'll be the first to remind you!

the live "drop" is now showing as 5% - but it's all in the spread, with the published spread not being correct (as is usual)...try a few dummy buys and sells, you'll see.. ....have no worries, the decks will be cleared pretty soon, imo

- anyone watching will have seen the spread has moved today from 28.5% first thing, to 16% lunchtime and now 10%.....MMs looking for a bit more action....but holders pretty much sitting on hands waiting for news (sensible imo) .just £3K worth traded today.....

Oil price Last week was a down week for oil despite the sharp rally on Friday which has continued today. WTI fell $1.09 whilst Brent dropped $1.37 as the continuing strong dollar and worries about Brexit kept the fear factor alive and risk certainly off. Things all changed as on Friday the greenback weakened and the final of the monthly reports was analysed which showed that the IEA is continuing the theme of a growing increase in call on Opec crude later this year of 33.10 m b/d. The rig count number that showed a third weekly rise in units, this time overall by 10 to 424 and in oil up by 9 to 337,momentarily slowed the rally but some good buying overcame that. I continue to believe that the oil market will gradually tighten as the year progresses and that a view into 2017 and further may expose the now trillion dollar lack of investment by the worlds largest oil companies for what it is, a necessarily short-sighted action that could cause a spike at the very least.

Am hearing everything is very much tickety-boo : ) Am expecting news to drop any time......

idle moment "This article or section is in the process of an expansion or major restructuring." the mind boggles! NCT comment half way down......wait till he gets the news I think is coming, it will certainly need a major restructuring, lol https://sites.google.com/site/vonsphinxfamily/additional-investment-market/2015-uk-election

Well there are no sell orders lower than 0.035, in fact all 5 MMs are sitting at 0.035 to sell, none lower - haven't seen that for a long while. News in the pipe, imo

looking very strong, some one bought £31 worth on the bell......lol

flying, up 2% , Brexit confidence then, lol

blingy - use the filter button, serious issues there, imo (plenty of info on Finkal on the web)

I too share your optimism Stuy (researched based of course) ...end of June, er that's only 8 trading days away.. bring it on RC, lets be seeing the game plan : )

"Our attentions are being diverted....." (You sound like a shareholder.......bottom reached?) I would divert your attentions elsewhere. Shoats Creek will tick over in the background - Northcote are not the operator when it happens, it happens...there will be a far more interesting initiative to get your teeth into soon. Far more interesting, by a massive margin. Think Mexico oil services, the company have given enough hints in RNS's... and some serious digging, of course, imo

LM21 - the last RNS explained what was happening; recompletions have always been part of the plan, well documented; it is pretty clear that State of Louisiana had moved the goal posts before LM21/22 could be drilled....both fully funded... "An update as to timing of anticipated spud date will be provided in due course and a spud in the near term is a top priority for Northcote. The originally planned spud date of May 16, 2016 was delayed due to a variety of factors including weather, land, regulatory and coordination issues amongst vendors in the well. "

Quick look at RNS's from Aminex re Shoats Creek 31 August 2011 "At Shoats Creek, Louisiana, two development wells are planned in the deep Upper Wilcox formation with partner and operator El Paso E&P, to follow up the Olympia Minerals 10-1 well ('OM10-1') discovery made in 2010. The first of these two wells was originally slated for spudding in July but the operator has delayed drilling because of rig availability. When this programme commences, shareholders will be advised. OM10-1 production has been restricted by lack of adequate water disposal facilities. In August, however, the state of Louisiana has approved an application to convert one of Aminex's adjoining non-producing well bores for salt water disposal and this will enable OM10-1 to achieve optimum production." Then follow the RNS, by date - strange - nothing at the above programme - even in 5/12/2011 Operational Update - no mention of SC whatsoever. Aminex appeared to have lost interest around that time as they concentrated on their new direction - Africa. Nothing on SC then until RNS 30/5/2012 when they announced Marketing of US assets, including SC. The on 27/7/2012 the sale was temporarily put on hold while the operators did some further work on Alta Loma and SC. It seems quite likely that there is quite a bit of unpublished data (plus seismic) picked up by Northcote/Springer when they acquired Aminex SC and Alta Loma interests in 2014.

LM19 could set a trend, in which case we can expect to see a few more low cost re-completions, not only that but build up a bigger picture of the SC field.. "A successful recompletion will potentially add several drilling locations to the inventory of viable Frio drilling locations at the Shoats Creek Field"

Helpful I agree; that good news I am hearing is scheduled for next week : ) As you say, the question is how good......which ever way you look at it with the sort of costs involved, excellent risk V reward - just how many barrels.....(LM19 came completely out of the blue, no mention at all previously, I suspect this may have come about through GCW intervention....who knows...) LM 19. "Originally drilled to 12,000 feet to test the Wilcox formation, the well logs indicate at least 10 feet of net pay in the Frio formation. The the well is on trend with Frio production at Shoats Creek and shows in surrounding wells suggesting low geologic risk to this project. The decision to undertake this initiative was made due to the potential to add meaningful reserves and production at low cost. Initial results from this initiative are expected in the near term. A successful recompletion will potentially add several drilling locations to the inventory of viable Frio drilling locations at the Shoats Creek Field"

Low oil prices have not closed and emerging markets to the same degree. http://www.oilvoice.com/n/Oilfield-service-sees-a-bright-future-amid-current-downturn/c2a3f4200df8.aspx Mexico is under pressure to increase production - stating the obvious, as production increases so will oil related services support activity.

See Stuy's being trying to catch up blingybird up after hours....buy 10M @0.0325, every little helps, lol