Member Info for SecretBlueprint

For god's Barry , that has absolutely nothing to do with NUOG or Newfoundland. Nothing, zero squilch.

The man says "Shoal Point is focused on Kansas"...Kansas is in USA and has nothing to do with NUOG. Go and post this on a SPE blog and stop trying to make repeated fictitious connections

Poo
Whatever. It will need 4 of them eh? Ta for the pic

It's rental stuff, it ought to be readily available , along with the replacement test separator.

In one of the UJO twitter photos, you can see the existing blue cylindrical storage tank, I believe. It is deep right on the picture and sits vertically inside a modular steel skid frame . It looks like the ones on Expro marketing literature. So I reckon there will be another three of them delivered. They will require space and maybe some non essential kit might have to move around or out to make space. I doubt that the tea shack will be affected.

There is no export pipeline from the well test site, so export road tankers are necessary. The flow of oil, once stabilised, will be continuous because it is not a batch production process. Tankering however is a batch delivery process, so there has to be buffer storage on site to provide a safe and operable interface between those two processes.

64 million reported as late print, that is a lot wonga

Mr Woodstock

I hope you derived great pleasure from that act. As for me, like Mr Boycott, I don't give a toss.

I wish you well nonetheless.

It is ST selling IMO.
He/she has pumped the well dry and walked off to the next big thing.... TOM.
ST was the undoing of this stock - twitter madness drives folk with money away, including me.
18p by Friday, remember that?

https://www.praxiom.com/iso-19011-definitions.htm#Audit_evidence

A CPR is an audit report, so the CP is an auditor.

I am reluctant to get into the debate about impartial, indepependent and competent, so i will leave that to ISO:
"An auditor is a person who carries out audits. They must be objective, impartial, independent, and competent."

As for client review of audit reports, that is restricted to factual accuracy and not the auditor's conclusions. That is not having "input" in my humble opinion

I am starting to think that the liquidation theory has some traction.

There is no money and no hope of any new money from a placing anymore. That avenue is closed for technical and sentiment reasons.

Death spiral financing with warrants via someone like Yorkville will not provide much with current permissions about issuing new shares, and it would trash the SP to zero if they tried. Reversing into a listed cash shell might work if they can find one (“hello Nigel, Alan here”) , but that will require a suspension of trading and a new prospectus. Not sure how the prospectus will look with NFL court case, Shard loan security and RMRI as a creditor, all outstanding.

The company looks technically insolvent (and only survives as a going concern because of Shard and RMRI debt tolerance so far) and the directors are surely at risk of Wrongful Trading if they continue with pumping money into MFDevCo if they cannot pay their creditors?

Liquidation would rid the company of Enegi Oil in Canada and the court case, and Shard. RMRI would end up with 100% of MFDevCo, which will then IPO and list on AIM to raise money for GTW and line the family pocket again through RMRI.

If you are a family man what is there not to like? It’s a money tree.

If you are a NUOG shareholder, what is there to like? It’s over.

It explains why the directors are not buying and not talking IMO.

Pboo

You should really stop editing bits of the Council paper and putting them on Twitter

Today the Planning Officer at the Council issued a paper to be considered by the Planning Committee on 12 September.

In it he recommended to Committee that consent be given, and then listed some conditions around giving consent.

Consent has not yet been given, that is a matter for the Planning Committee in this case, not devolved to the Planning Officer.

The PL001 licence expires in November. Argos have done nothing to meet the licence conditions, so it will expire, surely? If not, the n one has to question the impartiality of the Dept of Mineral Resources.

Loss of licence will result in a delisting in all likelihood IMO

LSE seems to have a limit on how long they keep them, but they are all in the investors page on NUOG wbsite. Some make entertaining reading with the benefit of hindsight.

Divide the total cost by the total number of shares

Not if it was delayed from yesterday, as is likely. Look at yesterday spread, not today's

It was a delayed notification to market from god knows when. Chris oil dumping again.

Read and learn.....
RNS 5 August, para 4
Vanguard is not on xBox. Until it is, the SP is stranded
I have not been removed Mr Woodstock

It seems Mr Woodstock has driven out today's main discussion, being the Winnifrith interview,

So I repeat my response to his challenge of "work it out for yourself..."

Stock Tank Barrels Initially In Place= 18,210,000 x 45 x 6.3 x 0.9 x 0.15 x 0.9 / 1.5 = 418,165,335
So that gives a recoverable volume of around 125 million barrels so far and that is probably a best estimate number.

Or Rudiarius for that matter or Vangurad, It is not there,