Nostrum Oil & Gas Share Discussion Threads

[jammytass] 23/2/2024 18:34

get out Thomas Richardson will he be in court very soon???

[volsung] 29/3/2023 16:23

Does anyone remember Noggin the Nog?

[blackhorse23] 13/2/2023 08:57

Switched to IOG

[boom boom bang bang] 10/6/2022 15:27

SIMEC Atlantis Energy Limited SAE confirms amendment to Debenture Deed
10/06/2022 3:12pm
UK Regulatory (RNS & others)

Simec Atlantis Energy (LSE:SAE)
Intraday Stock Chart

Friday 10 June 2022

Click Here for more Simec Atlantis Energy Charts.
TIDMSAE

RNS Number : 5248O

SIMEC Atlantis Energy Limited

10 June 2022

RNS

10 June 2022

SIMEC ATLANTIS ENERGY LIMITED

("SAE", the "Company" and, together with its subsidiaries, the "Group")

SAE confirms amendment to Debenture Deed

Following the update on the 25 May 2022, SAE is pleased to confirm that Atlantis Ocean Energy debenture holders have approved the amendment to the debenture deed which will:

-- Extend the Maturity Date from 30 June 2022 to 30 June 2023
-- Allow the interest due on 30 June 2022 to be paid late but no later than 30 September 2022
-- Apply additional interest due to the amount that is being paid late at a rate equivalent to Barclays PLC published base rate +3% per year.

In the same update, the Company noted that it would also be requesting a deferral of interest due on 30 June 2022 in relation to Atlantis Future Energy debentures which mature on 23 March 2023 (GBP4.97m) and 30 September 2024 (GBP3.79m)

[robizm] 06/1/2022 16:16

The debt for equity should help with the debt

[robizm] 23/12/2021 18:14

Debt for equity. Roughly £100 million cash and 1/2 billion debt. Need to use up capacity at processing plant fast but have a chance now if they can up production or buy stranded gas field nearby.

[demark] 27/9/2021 12:30

is the market pencilling
in for some imminent
news feed as the deadline
for yet another extension
is tomorrow(28/09/21)?

[demark] 04/5/2021 11:09

genuinely surprised with
the share price reaction as i would
have expected the share price to be
over 15p by now!

[demark] 03/5/2021 17:43

i had a quick look at the
numbers, i think the market
has got it completely wrong,
i have no idea why the output
dropped by 25% from 2016
to 2018,
net operating cash flow numbers
look very promising and appealing
time will tell!,

but what i found it so
astonishing is that almost all
the directors draw > $400k in
salaries per annum and none holds
any significant shares except
some proxy little tiny numbers





In millions of US$ (unless mentioned otherwise) 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Production (boepd) 13,158 36,940 46,178 44,400 40,391 40,351 39,199 31,254 28,540 22,337
Revenue
300.8 737.1 895.0 781.9 448.9 348.0 405.5 389.9 322.1 175.9
EBITDA(1)
187.9 456.5 551.5 494.7 229.4 194.3 232 231.3 199.5 80.4
EBITDA margin
54.8% 61.9% 61.6% 63.3% 51.0% 56.0% 57.2% 59.3 61.9% 45.7%
Net cash flows from operating activities
132.2 291.8 358.6 349.1 153.3 206.5 182.6 214.0 196.8 82.7
Net cash used in investing activities (2)
(103.7) (269.7) (239.0) (304.5) (245.3) (204.8) (192.2) (172.0) (120.4) (40.1)
Cash & cash equivalents (3)
128.5 251.4 244.1 400.4 165.6 101.1 127 121.8 93.9 78.6
Total debt
447.5 622.9 628.4 945.1 951.5 959.0 1,087.9 1,129.6 1,136.1 1,186.3
Net debt (4)
319.1 371.5 384.3 544.7 785.9 857.9 960.9 1,007.8 1,042.2 1,107.7
Non-current assets
1,126.9 1,251.6 1,426.0 1,698.6 1,854.1 1,919.1 2,043.40 1,992.4 673.1 371.8
Total assets
1,306.2 1,602.7 1,760.8 2,208.2 2,188.4 2,106.5 2,265.10 2,199.5 846.3 505.4

[wimbled] 03/5/2021 11:28

Or NOG have a debt for equity agreement in place?

[supercity] 03/5/2021 11:15

Looks like many saw the cash pile compared to the market cap and piled in but failed to see the 1.2b of total debt

[wigwammer] 30/4/2021 16:42

Conf call detail may explain it..

[demark] 30/4/2021 16:30

surely something is up!
it could be a seller
taking advantage or
possibly a buyer or
even the agreement due
by 20/05/21 signed!
time will tell!!!

[hutton3] 30/4/2021 16:24

Not on Aim so won't get one.Amazing what's happening here!

[richardp19] 30/4/2021 16:20

Speeding tickey

[demark] 30/4/2021 16:17

chart indicates if it breaks
15.1p, then the share price will be in
an unknown territory

[richardp19] 30/4/2021 16:15

The gang done it on rdgc and moved to this be careful

[demark] 30/4/2021 16:15

"any idea why the share price has been
going up exponentially?"

[steve73] 26/8/2020 09:19

thanks ww... I did a short term trade here about a year ago (14-28p), and have kept an eye on it since.. but never fancied another go once I'd looked into the debt situation...

[wigwammer] 26/8/2020 09:08

I think that was long expected, Steve. We need to see detail of the restructuring. ICU who own 24% of the equity also own a material amount of the debt - and it is unsecured debt. They own both for a reason. It is easier to sell the shares than buy at the minute, which may give a heads up on where this is heading. Atb

[steve73] 26/8/2020 08:12

NOG defaults on its Notes... Not good. Is this the end?

[tole] 09/6/2020 13:07

Big move again

[tole] 05/6/2020 18:29

Big volume today

[sbb1x] 25/3/2020 11:04

In the 6s hmm