Nostra Terra Oil And Gas Share Discussion Threads

[pathai3] 29/12/2015 13:40

Could we be getting an IRG/NTOG/PXOG Triple whammy jv PXOG are cash rich

[pathai3] 29/12/2015 13:40

Could we be getting an IRG/NTOG/PXOG Triple whammy jv PXOG are cash rich

[bibdaddy] 29/12/2015 13:17

Something bubbling now up 20%

[wrestlingmad] 29/12/2015 11:07

Well done CI

[chinese investor] 29/12/2015 10:32

More To Come !

[bibdaddy] 29/12/2015 10:31

just under 10 million purchased above ask...0.0727p

[professor pettigrew] 27/12/2015 15:52

Scum are not welcome on this thread.

[chinese investor] 22/12/2015 11:43

The U.S. rotary rig count from Baker Hughes was unchanged at 709 for the week of December 18, 2015.

It is 1,166 rigs (62.2%) lower than last year.

Rig count remains at the lowest level since the week of September 17, 1999 when there were 703 active rigs.

The number of rotary rigs drilling for oil was up 17 at 541.

There are 995 fewer rigs targeting oil than last year.

Rigs drilling for oil represent 76.3 percent of all drilling activity.

Rigs directed toward natural gas were down 17 at 168.

The number of rigs drilling for gas is 170 lower than last year's level of 338.

Year-over-year oil exploration in the U.S. is down 64.8 percent.

Gas exploration is down 50.3 percent.

The weekly average of crude oil spot prices is 35.5 percent lower than last year and natural gas spot prices are 54.7 percent lower than last year.

Daily crude oil and natural gas futures and spot prices are available on our site.

[aim999] 22/12/2015 11:38

Noticed the RNS, surprised they can borrow that type of Money....how do they pay it back?

[andy] 22/12/2015 10:30

Spot on!

Good memory, that was last year!

-------

TIDMNTOG

RNS Number : 4123G

Nostra Terra Oil & Gas Company PLC

07 May 2014

AIM: NTOG

7 May 2014

Nostra Terra Oil and Gas Company plc

Increase in Borrowing Base

Nostra Terra, the AIM quoted oil and gas producer with a growing portfolio of producing assets in the USA, is pleased to announce that, in line with its increase in production, there has been a 120% increase in the borrowing base on its US$25m Credit Facility (the "Facility") to US$1,100,000.

The Company announced on 3 February 2014 that it was entitled to drawdown US$0.5m of the Facility but that it expected that the reworking of CT3 and the stabilisation of rates at the newer Chisholm Trail wells would allow for an increase in the borrowing base at the next review period after six months. The Company is therefore pleased to report that stabilised production from its portfolio in Oklahoma, Kansas and Colorado has enabled it to increase the borrowing base much earlier than originally anticipated.

The redetermination has been approved by Texas Capital Bank and the borrowing base has been immediately increased from US$500,000 to US$1,100,000.

[whoppy] 22/12/2015 10:26

Yes, hence producing assets. Think 7.3MMbb is the reserve for Wyoming which has approval for drilling.

[bam bam rubble] 22/12/2015 10:21

There's also a dollop of spin in the company calling it a $25m facility
when their borrowing limit is only something like $1.1m - and as it's a
reserves-based facility it won't be upped unless new reserves are added.

[whoppy] 22/12/2015 10:19

Ah well, puts to bed concerns of funding, dilution and paying back loans for another 3 years. As we know for minnows like NTOG funding is always a concern especially in the current environment. Must have a project coming soon that will add production and that the bank is happy to fund. Stick with politically stable countries. Your own back yard usually comes at a premium..but if you have a war chest then doors open a lot easier.

[andy] 22/12/2015 10:08

Yes I agree,

isn't spin a marvelous thing?