Nostra Terra Oil And Gas Share Discussion Threads

[cinoib] 09/1/2019 15:46

Greedy MM's at it again now 20% spread, they are just killing it.

[theaviator] 09/1/2019 13:16

5-6mmcfpd imho Tell him not to get Colin in and break the bloody well!

[theaviator] 09/1/2019 13:05

https://www.rigzone.com/news/oil_gas/a/35207/strike_oil_issues_update_on_mesquite_production_project/Should blow Ast out the water!!

[1bluehorseshoe] 09/1/2019 12:50

That's in West Texas, no nothing to go on yet

[theaviator] 09/1/2019 12:47

You done any maths on the gas yet?

[theaviator] 09/1/2019 12:46

Actually hoping he doesnt flog it and NTOG starts growing.

[1bluehorseshoe] 09/1/2019 12:43

There have been 600 logs on Mesquite and 2D that's way above the norm. When they drill it'll be pretty accurate. Don't go looking for a reference to the 2D, Matt told me that himself

[theaviator] 09/1/2019 12:40

They will need to drill a few to prove its worth and imo every intention of doing so. Im dispelling the myth for the lse idiots. Even the ones that trade upper gaps on mainly illiquid stocks!

[theaviator] 09/1/2019 12:36

Of course but that is the latest development.

[1bluehorseshoe] 09/1/2019 11:38

So why open an operations office?

[theaviator] 09/1/2019 09:38

The clue was Tall city 8th interest in first well imo Prove a couple of wells buy more acreage and flog it! Job done. Imo

[topicel] 09/1/2019 08:24

Middle of any month, pour moi, is 10th to 20th. Tomorrow will do then, lol!

The main thrust of it should be a worked plan to drill certain horizontal wells and aim to do so by March. If they then add in a jv partner with a cash injection it should encourage the share price no end...

I'm sure Matt would not have indicated four outfits had been sniffing around unless he felt it wise to share the burden of risk. I would welcome it.

Topicel

[theaviator] 08/1/2019 21:16

Seems the sentiment returning on lse lol Couldnt write it.

[1bluehorseshoe] 08/1/2019 19:29

Last update that was due mid December came on the 12th so I guess it's not to be taken literally.

[theaviator] 08/1/2019 19:06

"We expect to receive the engineered economics report of the Mesquite Field Development Plan by mid January."

[dabs1969] 08/1/2019 17:25

The last but one RNS, was a bit vague, but the last RNS clarified that it's 200-300 bpd per well, that's was enough for me exciting times ahead, and based onto today's share price movement, as NTOG can be a bit leaking, for me I think NEWS is imminent

[theaviator] 08/1/2019 16:58

Rns was mid Jan. Any day.

[topicel] 08/1/2019 16:40

That's it 1bhs. Put 'em straight, lol.

The potential is eight-fold of 2-300 bpd if Mesquite is as envisaged. It may be less for some, more for others - much more as Matt tends to not overdo the numbers unlike others.

We have just to get the engineering plan sorted (any day now), and then decide if one or two of the many jv partners who have expressed an interest in farm-ins will be useful. That, I suppose, will depend on whether or not Washington Federal Bank add more to our $1.5m loan facility. They have provisionally agreed up to $5m I believe will possible.

All in all the chances of some New Year cheer for NTOG holders are good imho.

Topicel

[1bluehorseshoe] 08/1/2019 16:10

RNS 22 October o Target initial production 200-300 barrels of oil per day ("bopd") per horizontal well based on analogous regional drilling

[novicetrade68] 08/1/2019 15:55

If it's Per well then that's even better, let's hope Trey hurries up a little ;-)

[1bluehorseshoe] 08/1/2019 15:49

As was pointed out to me, it's 200-300bpd Per new well so yes a free carry on the first then another eight! Each tripling our current production

[novicetrade68] 08/1/2019 15:45

If they can drill Mesquite from their own financial resource and end up with an additional 200-300 bopd then the share price could go pretty high I would imagine, don't wish to make it sound like a ramp ^ ^, and it will probably will depend if they retain the full 100% or 'allow' a farm-in partner.
As long as the next RNS is good and not along the lines that their new Dallas office has been redecorated and the new curtains look smashing.

[topicel] 08/1/2019 10:57

Having got to know Matt quite well over the last 15 months since I became an NTOG investor again, I believe he really is building a company here as he's been saying that will grow towards a £50m m/cap.

The BP hedge arrangement in Sept 2017 was one clear sign those in the industry can see he's got a great business model and that was followed in January last year with an equity line at 4.5% of $1.2m and is now at $1.5m since July with a further review in any time.

These are big supports and limit dilution that in the past all junior miners and commodity plays suffered from since 2010/11 as austerity bit and the commodity cycle collapsed.

The re-rate here is only to be expected. And as we know, AIM can move things back where they were in days, if not hours!

Most accept 5p based on current progress and plans is a minimum. Btw - £50m would be a share price of 30-ish pence...

Topicel

[markth126] 08/1/2019 10:56

Less than 1% shares traded and its moved 24% ... go figure!!