Member Info for steve58

Those were the days. The films were awful and had no plot. Sounds familiar.

Nt1 problems Production licence. Securing of rig for nt3 drill. Not even an update on anything. Have both boards resigned. I know we are supposed to be patient but over a year since nt2 drill and where are we. I know news will come eventually on all the above but the pace at which it is coming is so slow. As for the compression problems at nt 1 it seems that given the cost and amount of diminishing reserves to be extracted they can�t be bothered with it. That�s the impression I get. Some sort of update by now should have been given whether good or bad. The fact that little or no news has been forthcoming is the main reason for the steady decline of both companies share prices.

Let�s hope it�s a directors buy, although I�m not that hopeful. The Rns seems to follow quite a few others we have had need I say more. We seem to get ones we don�t need and don�t get the ones we expect to get. I�m as confused as a lot of others on here. If the bods don�t get their fingers out soon and announce something they will certainly get a grilling at their respective Agm�s. The way things are going I can see them being boiled or toasted as well.

Good morning to you. Hope you had a good Easter break. Shame about the weather. You are correct in that further expenditure on nt1 is probably not worth it given the small amount of gas recoverable.

This lack of news is very worrying. Maybe this week.

Hope to drill late 2019. Just makes you wonder why we bother. Still no news regarding nt1. Four months now, how much longer must we wait.

Good afternoon to you. I have looked in depth at nxt website. Very impressive. Getting royalties on future block sales. News seems to appear at monthly intervals so would expect soon. Have a good Easter.

Both the boards seem to have lost the plot. They are doing nothing to stem the daily fall in their sp's. We need news or at least an update on something.

Hope it does eventually. Currently 70k down here so not exactly pleased with the current sp and lack of news updates.

I've been trying to work that out for the last eight years.

That would be telling. Evening to you. I agree restarting nt 1 leave it at the moment and concentrate on nt 2 and 3. I know I shouldn�t say it but it makes me think that nr has not put all the cards in one hand regarding the helium one and additional investment in horse hill.

Been keeping an eye on things the left one. Still concerned that the operator news flow is as bad as nt1 output. Income now minimal assuming payments are still running a few months in arrears. IMO the compressor story is a joke. There must be many companies that could supply the necessary equipment. We have had months of silence. Wouldn�t be surprised if nt 1 has been plugged. As soon as nr has the licence in place get out of this mess we seem to have got into. It�s nearly April and I hope we aren�t being taken for fools investing our hard earned money here. I still want things to turn out right and for the sp to rise accordingly. I just can�t believe how busy the boards must be for both companies. I hope for everyone�s sake that they sort out the problems that always seem to materialise when good news is expected. A year I think since nt2 drill and all that gas bubbling to the surface. That�s about the last we heard about it. IMO its just not fair to shareholders to be kept in the dark, even some news would be welcome. Let�s see what the coming weeks have in store. They certainly couldn�t be as bad as the last few could they.

Looks good to me Hope for news by end of month so this week. We are currently worth about 600k. Looks as if we could have a nice little stake in a billion dollar company. Should be more exciting than those other investments. We are of course also getting royalties from any blocks sold. Investments could be related in that buildings when built are normally surrounded by walls. So we could end up having our cake and eating it.

It does seem that the inevitable outcome will be a change of key personnel. They still have plenty of time to pull things around. Let�s hope that they do for everyone�s sake.

I just get the feeling the company just can�t be bothered. Seems that the operators current way of doing things has spread to here. We get a bit of news then nothing. It�s like a jigsaw with bits missing. Does make you wonder how much longer it can continue being run in this way. Shareholders want more clarity in the way news is presented. It however all seems too much hard work for the boards of both companies.

He won't have long there are a lot of speakers. 30 seconds on seed investments.

I have my opinion as well. Probably not agreed by a lot of others. The fact is that price was paid whether it was overpriced is another matter. If I had been invested in cove I would have been very happy with the outcome. Who�s to say our stake will not be sold for an inflated price. Buyers not only look at the gas in place but the potential for further discoveries. This all IMO it isn�t yours I can see but I am not here to argue far from it. I am heavily invested here and like the majority of shareholders want the highest price possible for any asset disposals we may make.

I understood that cove had about 8% of about a possible 50 tcf gas discovery so about 4 tcf which they sold for over a billion dollars. As of now production is nil. Solo have about a quarter of that so $250 million would be quite possible IMO. Further upgrades are only a matter of time. Production can be brought on stream within a year or two at the most.

In your opinion how much would you estimate. I would like to think that a figure nearer 500 million pounds would be realistic given we are talking multi tcf without nt3 drill. My trouble is cove keeps on coming to mind. Three years ago and still years from production. We of course are onshore and can be drilled and produced years earlier.

So wait a few months and get maybe double the price.