Member Info for Stalin_ESQ

RNS OUT !

UP SHE GOES

can't buy

In January the well was completed and put into continuous production. It is currently producing at a steady rate of 100 bopd, limited by pump capacity and surface equipment and with no water cut. While this rate is above expectations, given the strong performance the operator will review seeking authorisation to increase production further. NTOG have a 32.5% working interest in this well (32.5 bopd before royalties) and any future wells in the farm-out area.

strong hints at repeatability of this result on surrounding wells.....market will like this RNS.

Given the positive result of this well, the Company expects an increase in its proven reserves. The Company hasn't previously booked any reserves for this acreage or any of the additional undrilled acreage on its Pine Mills oil field. The technical team is currently reviewing seismic data and logs to select the next two drilling locations. When the tank battery was built for the current well, two additional 400-barrel tanks were added to facilitate future production.

This area benefits from conventional clastic reservoirs which typically have shallow, predictable declines and long-life production profiles and reserves. Operationally the wells and completions are relatively simple, minimising well intervention costs and reducing opex to a level where we anticipate lifting costs of less than $10/bbl.

Further updates will follow regarding reserves and operations.

massive success on this well.....100 BOPD

WOWOW

just WOW

Hello, I also noticed a late reported trade popped up after close. It seems that there is a HUGE demand here, which tells me this re-rate has plenty of legs. Very exciting times.

buy price edging up with each trade.....

Just think in terms of the asset. This is crazy undervaluation.

buyers moving in ahead of potential positive newsflow....GLA

BOR & NTOG

Confirmed. Thats a WHOPPER. Breeds confidence, just like todays RNS.

TO THE MOON

POP

Really ?

where did all the rampers go ?

UP SHE GOES