Nostra Terra Oil And Gas Share Discussion Threads

[bigsi2] 27/2/2018 11:44

Still holding 16p worth of these I somehow kept while trading in 2010Worth a buy it seems

[topicel] 27/2/2018 11:06

As expected, we are approaching 5m volume and fairly large round sells are going through that are most likely warrants being sold into the rise, not heavy but all reducing the imbalance.

If this pressure keeps up the blocklist on 1st or 2nd March should be comforting reading to both the company - Matt mentioned in the RNS this morning the warrants providing additional cash for further drills - and existing holders as they allow demand to be more reasonably reflected on the buy side and impact the bid.

This afternoon might see a good break back to recent highs. Momentum will likely then continue throughout the week...here's hoping.

Any comments bluehorseshoe? You usually read the trading better than I?

Topicel

[bump3r] 27/2/2018 09:33

Edit

Didn't see the first rns

Good flow rates

[iloveit] 27/2/2018 09:24

Watching this drive on from this level has only just or not even started yet.Oil stocks just suddenly surge on this kind of news once funds and maybe broker notes are passed up as this is great news.

[partner] 27/2/2018 09:23

On the 01/02/18 we were informed of just under 15m warrants still to be converted , with over 30m shares traded this month ,Thursday we should be informed of a significant reduction of remaining warrants.

[topicel] 27/2/2018 09:07

Ah yes, I remember now Croas.

A significant investment and similar to mine, although as it is pay day tomorrow if the warrants keep this back today I'll take advantage in the morning... :)

Like you the share price has been held back due to slow news and the warrants being flipped to give plenty of available shares for the MMs to use and yet the drop has not been that dramatic and stopped, as mentioned elsewhere, at the 61.8% fib level and that suggests strong support for chart watchers.

So fundamentals of maiden cash flow positive and technicals do indicate this goes higher again in the near term. New highs over 6p are likely as new money comes on board.

What isn't to like when our valuation is barely £5m for assets and cash generation? The warrants are almost gone and will be completely by early April flip date, so nothing much to hold back a re-rate this time imho.

No doubt Matt has more news pending too... ;)

Topicel

[croasdalelfc] 27/2/2018 08:41

I'm not a trader and have £18k invested here - confident of 10p by Xmas

[croasdalelfc] 27/2/2018 08:40

I bought from 4p to 5.5after the post Xmas updates - I think the market was waiting for both of today's news - flow rates and cash flow positive - the market was anxious hence the drift.All the ducks are now in a row to head up to 6-8p range

[siday2580] 27/2/2018 08:29

Not many shares around

[chinese investor] 27/2/2018 08:15

Great Start !

[topicel] 27/2/2018 08:12

Croasdalefc - and what is that breakeven mate? If it is under 5p you should be fine by Friday.

Don't forget the remaining warrant holders will take advantage of the strength on good news. But that is reducing fast, maybe 3-5m left so anything approaching that volume will be very nice today...

Topicel

[topicel] 27/2/2018 08:10

Enfin. Early market moves should encourage the remaining warrant holders to dispose of them and then I believe we will have an active trading market again as the week progresses.

It was worth the wait, temporary pain, and as anticipated this company should continue its re-rate. The 61.8% fib level at 3.7p held very well while the data was processed and consequently strong support going forward.

We can see what Washington Federal Bank saw to lend NTOG $5m at the end of February with a generous 4.75% interest rate now...growing production with a secured $25m hedge arrangement with BP is also supportive of steady income stream guarantee.

More wells coming up in the oil rich Permian Basin in the coming weeks means this will remain a cash cow with no dilution for shareholders due to the loan and income. How can this be only worth £4.8m in assets?!

Topicel

[croasdalelfc] 27/2/2018 08:04

I might get back to break even today :)

[siday2580] 27/2/2018 07:41

What do you mean

[croasdalelfc] 27/2/2018 07:40

Cash flow positive with an Mcap of £4.75m - now that is novel

[bad gateway] 27/2/2018 07:33

Nice idea though.Hard to lose your shirt on a profitable business so though I'd like to see a fairly quick update on their plans going forward after the drilling success announced I thoroughly approve of their priorities.

[mr.oz] 27/2/2018 07:20

Novel idea. Profitability

[siday2580] 27/2/2018 07:10

52 barrels a day then

[iloveit] 23/2/2018 11:49

Under 10p a share still what a bargain,topping up at this level is a steal of a price .

[iloveit] 23/2/2018 09:16

Get the feeling that Matt is not going to show his cards as yet.Let's hope today he at least says something price hotting up again.

[ekdikeo] 23/2/2018 08:02

No RNS, the question remains, is it a duster? Is BMD right?

[topicel] 22/2/2018 16:39

Warrants and letting them expire. It is charitable to find nothing sinister in the delay and frankly it was never the most important item for me, earnings guidance going forward - and updated ROI if you like - was much more relevant.

After all, Matt had been tweeting on about cash flow this and that and how the price of oil was adding shareholder value in early January that it seemed almost inevitable that some basic comment would have been squeezed into the latest few RNSs.

Anyway, the Twin Well would not be in production if it wasn't economic, and whilst the details are relevant and important it is but one of 24 ongoing drill-ready targets this year. Permits to go ahead on three more were submitted a month ago so they should be granted shortly, and might also comprise one in-the-round update.

Bluehorseshoe knows better than I, but we have an outstanding litigation settlement plus interest in our favour to conclude in the region of $750,000, or an equivalent deal in value terms...

We will soon be back to talking earnings and cash flow and drumming up interest than warrant counting concerns.

Topicel

[novicetrade68] 22/2/2018 15:22

I find it extremely weird too, surely something can be reported now. MYN for example provided flow rates after only 24 hours to give shareholders a flavour of production numbers, so why does this lot need so much time.

[coley15] 22/2/2018 15:09

Appears so with this crew