Northcote Share Discussion Threads

[sleveen] 03/8/2016 16:06

Indeed.

And another ramptastic RNS.

A placing must be due soon!

[peterz] 30/7/2016 09:36

sleveen - you get about!!

[caledoniaman1] 29/7/2016 11:56

As much as you want at 0.03 - somebody is offloading big time and as usual being helped by the scum mm's ! AIMVHO

[sleveen] 29/7/2016 06:57

Another ramptastic RNS IMV.

Market saw thru' it at the end.

Look at the AR&A : at the operational level they lost money ($120k) for each barrel produced. Then there are the G&A costs PLC costs and interest etc.


A bit of gas is not going to make much of a dent in the above costs

[sleveen] 28/7/2016 16:54

Another ramptastic RNS IMV.

Market saw thru' it at the end.

Look at the AR&A : at the operational level they lost money ($120k) for each barrel produced. Then there are the G&A costs PLC costs and interest etc.


A bit of gas is not going to make much of a dent in the above costs.

[caledoniaman1] 21/7/2016 15:16

And so, 3 trades today with a net effect of 18m shares sold between 0.027 & 0.028. In AIM terms that means that th mm's will not push the price up to drip feed this surplus and however more exists - small increase only of course to make sure that no pi's can EVER make any money - THAT IS AIM FOR YOU FOLKS !!

[sleveen] 19/7/2016 15:52

Revenue may be stated, but note profit /cash generation isn't.

Often start ups consume more in operating costs than profit generated by revenue.

Perhaps after 6 months cash will be generated at operational level, but there's the PLC costs to pay for.

[gunner71] 19/7/2016 14:26

why did it go up then ??

[caledoniaman1] 19/7/2016 13:10

What a pile of utter dung this is IMVHO Randy boy !!

[bean02] 15/7/2016 14:21

All about to change for the better. Remediation plant should be complete and website states revenue. Rumoured board changes!

[comedy] 01/7/2016 15:31

i have a feeling something in the clouds shows a silver lining:)

[sleveen] 30/6/2016 17:12

Despite the money raised post balance sheet date, NCT are still circa $500k under water even allowing for a bit of profit for oil produced.

On top there is likely to be about $1m burnt in G&A so roughly $1.5m underwater to 30/6/2016.

Could such a large placing be done?

A whole boat yard of barge poles.

IMHO.

[sleveen] 30/6/2016 16:56

Results out after hours, narrowly avoiding suspension.

talk about leaving it to the last minute!

[sleveen] 27/6/2016 17:03

3 days to publish the accounts.

[thehitman1] 20/6/2016 07:32

Billions of shares in issue with a yank called randy in charge, does not sound good at all.

[ianbag] 15/6/2016 14:11

interesting activity here today

[sleveen] 08/6/2016 08:18

Another placing due soon IMHO.

[sleveen] 08/6/2016 06:31

Forced to P&A 4 old wells.

An expensive task even at current lower abandonment costs.

Ouch.

[oilbuy] 08/6/2016 06:24

Re-entry and recompletion of the Lutcher Moore #19 ('LM#19')Northcote has undertaken a re-entry and recompletion of the Lutcher Moore #19 ('LM#19') targeting production from the Frio formation. Originally drilled to 12,000 feet to test the Wilcox formation, the well logs indicate at least 10 feet of net pay in the Frio formation. The the well is on trend with Frio production at Shoats Creek and shows in surrounding wells suggesting low geologic risk to this project.The decision to undertake this initiative was made due to the potential to add meaningful reserves and production at low cost. Initial results from this initiative are expected in the near term. A successful recompletion will potentially add several drilling locations to the inventory of viable Frio drilling locations at the Shoats Creek Field. Northcote will have a 20% working interest ('WI') and 14.4% net revenue interest ('NRI') in the well. The squeeze (cement job to isolate the Frio formation) is complete and the operator intends to perforate and swab the well this week. Updates as to the economic viability and sustainable

[oilbuy] 07/6/2016 21:48

Cracking chart noli !

[glibgibon] 07/6/2016 20:39

Any chance of getting something for those MXO warrants?