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What have we learned today that we didn’t know before - we knew it was bad and this confirms it. Roland did a Stockbox interview recently (he was awful) but these are usually followed up with more interviews. Let’s hope someone more media savvy this time. The lipstick on the pig is the hope for significant increased production in H2 2025 as noted, but I think most of us are trapped in this share and heavily underwater and just have to hope the tide rises. Interest my the MCap is around £3m but the net assets as at 31.12.24 are around £12m. Down yes, but not out.

Agreed , PW and his team are doing a great job in trying to turn this company around. For me, the question of success will hinge mainly on whether the current oil price level is maintained. The one thing PW cannot control but he seems to be on top of matters that are within his control

The RNS today shows CF has a reduced holding; I don’t think they’ve offloaded but rather have been diluted as a result of not being a participant in the current funding.

Justice, that’s not what he said. He explained why he couldn’t fund the current phase 2 using the loan, but subject to the oil price holding up and cash flow he might be able to re- visit the loan facility or fund it out of profit. We just have to wait and see.

The £10,400 transaction for 43m shares at 0.241p is a buy. Decided to average down. Maybe should have waited as might got them cheaper - hey ho!

They could have chosen to draw £500,000 of the loan facility but instead chose more shareholder dilution. I would like Paul Welsh to explain why in his next interview.

I was convinced the next placing was going to be towards the end of the next quarter to fund Foulkes 3, I wasn’t expecting this one as I thought they have sufficient funds from the last placing and ample current positive cash flow as indicated in the update last week. I assume Premier Miton was informed and have participated again and so to stand still I’ll need to increase my holding by another third at or around the current placement price. The prospects for the company going forward are excellent but beware a good news RNS!

Barnetpeter, you beat me to it.

The oil price has increased today so not sure why the SP has dropped 15% - very strange. Maybe they’re doing another fundraise to drill Foulkes 3 and there is forward selling going on.

Looking forward to the interview with Lorna. Hopefully we will get a better feel for how promising this is

It is 2 good RNSs but I suppose we need to know the details (1) the terms of the ML recommendation and (2) the results of the Jackson samples. Still very positive though but a chance to top up before the next news comes if you believe it will come good

Surprised it has taken this long for this decision to be made. A good company recovering from the Palms. Mozambique losses but in recovery mode, but with recent set backs due to UK and US Government changes and budgetary pressures.

Not big sellers and probably just some profit taking as the SP has nearly doubled over the last 6 weeks but been more or less stagnant in the last few days.

It seems to me that the sentiment attached to this share is very low and many investors don’t believe or trust what is written in a RNS. If this does come good the SP will fly IMO and while sentiment is low this is a great opportunity for me to add more over the coming days and weeks. Looking forward to HA’s next interview when we can get a real feel for how close we are and the likelihood of timely progression.

This is getting closer - this time, if Harry is kicking the can down the road, he isn’t kicking it very far. Be interesting to see how negative posters find the negatives in that RNS.

So, they should stay away from AIM unless they want to gamble? Or, should they do their own research as you said earlier? In the case of NTOG, as I asked in my post, other than listen to the various presentations and interviews since Paul Welsh became CEO, constructively, where else should they research? You’ve ducked the question and lazily just called AIM a gamble. If you feel that way, why bother being here, haven’t you got better things to do with your time instead of having a pop at those of us who genuinely invest or are seeking to invest in AIM shares, in this case NTOG. We are not rampers - fact, the SP has I doubled since its low in the last 6 weeks!

Should do their research -

JimCoote, where do you suppose people should be their research? I’ve invested since Paul Welsh took charge and listened to his many interviews and presentations. The last accounts don’t really help because the company strategy has changed. I would appreciate your constructive help if you can point me and others in the right direction. Happy to be corrected by specific reference to the facts

There might be a funding; it’s not a certainty. The SP should have re-rated if we get to a funding position and the discount to that up-rated SP should not be significant and not in the region of the discount that applied to the last 2 emergency fundings. This is AIM so placings are never off the table; it would be naive of anyone to think that. For new investors there is a lot to be optimistic about; for past investors less so as they’ll be averaging down in the short to medium term.

Very encouraging Stockbox Interview released today; expected monthly profit of 200,000 (presumably dollars) when work overs completed and Foulke 3 drilled and in production; Premier Miton continue to be supportive and like the operations and cash flows; current massive disconnect between the current SP and NPV of the assets and Paul Welsh alluded to NTOG in terms of multi bagger. They might require funding for Foulkes 3 in around July 2025 but hope to avoid it depending on cash generated but even then any raise should not be on a heavily discounted basis like the previous two. Just added another 5m as oil price is still around $75 a barrel and they make a profit of just under $50 a barrel on that. DYOR and IMO this should richly reward new investors at the current SP and within a relatively short timescale, provided of course, the current oil price is maintained or increases.