Member Info for RCMPMounties

Sharebel you should come with a health warning, what a tool

LOTM - 🥱🥱

Hopefully some contract news this week GLA

Lol, what's happening at 2pm ? 🤔

Placing earlier in the year was heavily discounted, however it gave them cash to boost production and become cash flow positive - this was trading between .08 and 0.15 prior to that and with just 2.5Bn shares my first target for this is back to 0.10

12/11/24 07:30

StockBox #NTOG

Upcoming Interview 🔔

@StockBoxMedia

are speaking to

@NTOGplc

CEO Paul Welch discussing their most recent operations update.

Company oil production is averaging approximately 120 bopd net, up significantly. 📈

Stay tuned for the full interview soon!

Certainly 4-5M mcap on the cards - back to where it was earlier this year before all the bod changes and strategy update for starters. As you say no way it will stay at 1M mcap

Just give it time, the market will value this accordingly once they understand the turnaround story in play here, still, it's allowed me to pick up another 8M at bargain basement prices bearing in mind today's update :))

🥱🥱😴😴

Bit more than 6bpd haha ya tool 🤣

"Phase 1 workover program complete

· Production increased at Pine Mills Field by an average of 30 BOPD - 60% Increase

· Company oil production is averaging approximately 120 bopd net, up significantly

· Enhanced oil recovery project in the northern end of Pine Mills restarted

· More work-over opportunities identified

· New Fouke area development location adds 200,000 barrels of oil reserves*

· Field operating costs reduced by 25%

· Field netbacks and profitability, significantly increased

· Cash flow positive at the operating level and now also at the corporate level"

I've just added another 17M at .485 ish but probably won't show up for another hour or so GLA :))

I see no reason why this should not return to 4-5M Mcap given today's operational update GLA

Certainly is ...... a great start to improving production, cutting costs, increasing reserves and now cash flow positive.

Fantastic entry point at less than 1M market cap

It's probably just as well people themselves can't delete what they write on lse as it provides a true picture of their intent, intellect and authenticity etc etc.

Looking back on Sharebel's account it's clear they must almost always be selling at a loss. UOG for example. They started posting there on 4th Nov when it was 0.33 saying that people would be locked out and the 40s were imminent and now it's dropped back to 0.25.

There are numerous other examples there if people can be bothered to go back further.

The lesson here is listen to yourself and not the uneducated ramblings of a dangerous ramper -IMO

I'd like to be optimistic about current cash levels here, but your 12month run from 2024 interims is perhaps a little bit too hopeful imo.

And I say this because they raised 700k in March, and the financial report end of June showed they had just 91k cash left by then which doesn't include the 500k placing in June.

So best case after latest placing in June is (after fees) probably around 550k cash at time of placing in June.

Bearing in mind this was nearly 5 months ago, and production when it does eventually start will be very small scale to start with, I think it is inevitable that there will be some kind of raise. It looks like the market is starting to price this in.

So until they actually do start production which is 'expected' early Dec but NOT guaranteed, then I simply cannot see how there is anyway on earth they have a 12 month run

"We eagerly await the news.."

We do indeed, and bearing in mind it's been just over 3 months since they raised £450k to boost production I wouldn't be surprised if we got some kind of positive operational update in the next week or so, especially when they mentioned this in the Sept interims -

"Cost reduction initiatives, are expected to show an impact on the 2024 full-year results. The Pine Mills work involves enhancing or reinstating production from a number of existing wells in a cost-effective manner. These investments are expected to have short payback times and are also likely to have a positive impact on the results in the second half of the current financial year. This work is now well underway, and we hope to be able to announce initial results in the coming weeks."..........

.............."The proceeds of the successful £450,000 fundraising, before expenses, carried out in July 2024, are being used to fund a new strategic initiative in Pine Mills. These funds are being used to return six currently idle wells back to production in the Pine Mills field. There are currently two workover rigs in the field, and two of the six planned workovers are now complete, with the remainder expected to be complete by the end of September 2024. "

Gla :)

"Its a fund raise in the back ground.)"

Actually I'm pretty sure it isn't. I do know someone personally who was interested in the potential turnaround story and upside who was looking to take a decent position here long term. I've just spoken to them and they did indeed buy some more today. He is a HNW individual who doesn't frequent the chat boards but they also know one or two other's who are currently taking a look at NTOG :)

Close to an update on bringing the idle wells back online. Nice to see a bit of buying yesterday and today. Currently can't buy a bean even at .45 !

Your mate Ace tried and failed to talk this down to 0.10 the other day, absolutely zero chance of seeing 0.10 :))

A few more sizeable buys this morning, bid starting to rise too gla