Northcote Share Discussion Threads

[turbotrader2] 09/2/2016 14:33

I've enjoyed the ride here5 mill left to dump

[h4rvs87] 09/2/2016 14:11

Sold my last 4m on that little bounce. GL to long term sufferers.

[daveperry] 09/2/2016 11:56

28m Buy @ .07 late reported

[sleveen] 09/2/2016 08:45

noli,

re the placing I'm predicting, you could always ask your pal Randy to deny it like last time.

Then a few weeks later out pops a placing.

LOL

[asturius101] 09/2/2016 08:04

Noli where have you been mate? Wht are your thoughts on the prospects now?

[noli] 08/2/2016 15:13

Don't bank on it.

[sleveen] 08/2/2016 15:04

GG

Paying G&A, interest etc.

[glibgibon] 08/2/2016 11:53

sleveen, not stirring or anything, but do you think a placing will be required with production under way on LM20?

What do you think they would need the extra capital for?

[sleveen] 08/2/2016 11:15

harvester

A very wise decision, a placing is due soon IMHO.

[harvester] 08/2/2016 10:06

Checked out what order size is instantly tradeable on a 15 second counter with Iweb .
Could buy 5mill @ 0.0582 on a bid/offer range of 0.05 to 0.06 at 9:28 .
Order to buy 10mill would be referred to dealer at that time and if placed that way would most likely be executed at a higher price such as 0.06 .
I shall leave it at that. My curiosity has been satisfied . I leave you guys to wait for the blast-off which Noli was expecting .
Not a share for widows and orphans, as they say, nor for cautious investors like myself.

[peterz] 08/2/2016 08:38

Glib - seems to me the blog does a good job of trying to simplify the mixed up information!

[gazza102] 07/2/2016 14:01

And we are not shale. Best to ignore until he has done some research.

[daveperry] 07/2/2016 13:00

I think you will find the Nap shares have already been on the market months ago that comes from NAP holders.

[harvester] 07/2/2016 11:52

Glib:
I have to admit that I have very little knowledge of this company after only a brief and fleeting glance .
If they have a producing well (Shoats creek well?) that is obviously a positive and indicates that it is not a completely "jam tomorrow" story since so many AIM companies live on hype and investors dreams of quick riches .
No doubt you are aware that many shale oil companies with producing wells live on borrowed time due to negative cash flow and struggle to survive even while pumping oil which sells for less than the operational costs of producing just to service debts and keep the dream alive .
I am not even sure what a notifiable interest for NCT is since the company lists 6,005,002,377 shares outstanding while ADVFN lists 4,748,140,000 shares .
My impression is that the two criteria critical for the company are:
(1) Rate of cash burn and how it can be reduced
2) the availability of finance either by share placing or loans
to sustain NCT as a going concern until revenue income improves

A further risk for investors is that the closed period for sale of the 21% stake by NAP expires this summer with a potential flood of shares coming to market just when NCT has great need to raise more cash by placing .
Sorry to see you caught up in this and hope that you get an opportunity to exit at a tolerable price .

[glibgibon] 07/2/2016 00:47

Let us know how you get on harvester.

I take a slightly different view as they now have a producing well with 2 more planned and warrants and options in MXO and ADL. Might be my rose tinted specs, but I'm okay holding for now.

Many of the old posters from here are now on the LSE board if you are looking for more detailed info.

[daveperry] 06/2/2016 13:12

Andalas Energy and Power (ADL) had a busy week, first announcing it had appointed Cantor Fitzgerald as its NOMAD and broker, then swiftly following this up with Board changes. Bolstering its Board, the Company appointed Daniel Jorgensen as Chief Financial Officer, while former NED Paul Warwick has taken up the mantle of Chairman. Having achieved a number of significant milestones since focusing on the Indonesian oil and gas market, the appointments recognise the need to ensure strong leadership is in place as it progresses its strategy in the region. ADL closed out the week by announcing it had signed a heads of agreement to farm-in to an Indonesian gas project covering the Tuba Obi East concession, giving it a beach head into the prolific hydrocarbon region.

MX Oil (MXO) received an impressive offer for its stake in the Aje Field, offshore Nigeria. The Company, which previously announced it had received interest for its stake in the Nigerian interest, announced this week that it has been made an offer of US$18 million, far outstripping the Company's current market cap of £5 million. Later in the week, the Company provided an update on the four onshore concessions it was recently awarded in Mexico, announcing it has satisfied its initial obligations. With a strong technical team in place to extract maximum value from the previously discovered yet underexploited conventional fields, MXO will focus on building a leading Mexican focused oil and gas investment company.

Northcote Energy (NCT) completed planned infrastructure upgrades at the Shoats Creek Field in Louisiana, which is now fully equipped to support production from the LM#20 well as well as production from future Frio wells up to a capacity of 1,500 bopd.

[daveperry] 05/2/2016 11:22

Snall cup and handle forming.

[liquid millionaire] 04/2/2016 08:15

Oil price firm again this morning.

[comedy] 03/2/2016 22:35

Lm it's good to have gone long on oil stocks...
The big Short tells the story of the
Banks...the big long will be out in few years
Telling the story of the traders
Who went long on oil stocks when others
Predicting armageddon on the oil price;)

[liquid millionaire] 03/2/2016 19:55

Oil price +8%