Nostra Terra Oil And Gas Share Discussion Threads

[chinese investor] 15/6/2017 07:27

"Nostra Terra will have acquired just over 1 million barrels of 2P Reserves for the equivalent of US$1.09 per barrel of oil."

[chinese investor] 15/6/2017 07:22

I was nearly correct !

Chinese Investor (NTOG) 08 Mar 2017 - 11:28:27
IRG could swallow us up !

[chinese investor] 15/6/2017 07:15

I only hope they know what they are doing !

[andy] 12/6/2017 08:52

"Nostra Terra confirms that Steven Snead, the former CEO and founder of Magnolia, and members of his family, have requisitioned the EGM using the ordinary shares in Magnolia that Nostra Terra agreed to purchase as announced on 26 May 2017."

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Interesting announcement, surprised there has been no comment here.

[andy] 08/6/2017 17:09

I always check the starting time for an AGM to see if they are trying to discourge attendance.

This one is at 11.00 am which is fine, everyone has a decent chance to participate, even from distance.


AGM's that start at 09.00 or 09.30 are a bad sign in my book, as people coming from distance have to stay overnight or get up very early, and pay premium fares.

[andy] 08/6/2017 09:55

iloveit,

It's the Annual General Meeting where they discuss the accounts, elect officers of the company, and discuss the business.

It's all one meeting.

All shareholders have the right of attendance. You can either get a letter from your broker confirming you are a shareholder, or take a screenshot of your holding and present that.

They are unlikely to turn anyone away unless there is a contentious vote or other rumblings of discontent, which there aren't here presently. If you were coming a long way at great cost then it might be worth checking in advance if you don't have a letter from your broker, but it shouldn't be a problem.

[iloveit] 08/6/2017 06:50

Recent rns can someone explain as it's confusing?Agm what is going on?Accounts being presented when?I don't get it seems like a part 1 & part 2 meeting why?I thought shareholders would be looking into this are they allowed to see attend?Company I felt that rns news recent cost cutting etc assets buying all coming good .Shareholder should be gaining enhanced value as company turns around from recent oil price crash.

[iloveit] 07/6/2017 10:00

Agm is anyone going?

[andy] 04/6/2017 18:34

I just checked and the article is still on BMD's site!

[andy] 02/6/2017 09:40

iloveit,


Sadly on AIM no news is often bad news, so the longer it goes without an announcement, the more doubtful people become.

Since the BMD article there has been silence, which doesn't inspire confidence, the points raised need addressing officially, and if they are wrong, I'm surprised they haven't become the subject of a legal action, or at least an enforced retraction from BMD on his website.

If they are right, when they eventually do have to spill the beans, they will be crucified for not informing shareholders earlier, IMO.

[iloveit] 02/6/2017 08:27

News on Egypt is not helping ntog shareprice.Mlofgran needs to update but what if there is nothing to update?If news comes good then shareprice could rocket I suppose it's a waiting game.

[andy] 01/6/2017 09:21

Moving back up slightly today, a small uptrend showing on the chart.

Hopefully Matt will be asked about Egypt, his replies will be interesting.

[marmar80] 01/6/2017 09:08

Poseidon, thanks. How much are we talking about?

[poseidon adventure] 31/5/2017 18:40

"As announced to the market on 17 November 2016, the Company is liaising with the relevant authorities in Egypt in an effort to secure the payment of the accrued revenues owed to the Company in respect of its 25 per cent. economic, non-operating, interest in the East Ghazalat concession ("East Ghazalat") held through the joint venture with Nostra Tera Oil and Gas plc.

The effective date for that acquisition was 1 July 2015 and revenues have been accruing to the joint venture since that date.

The timing of the payment of these accrued revenues is solely within the control of the Egyptian authorities (although a degree of co-operation from the Operator is required and in this respect the Company is working with the authorities) and the Company has yet to receive any cash revenue from East Ghazalat.

The Company remains convinced that East Ghazalat remains an attractive asset if its costs are monitored and closely controlled and the necessary additional development of the field is undertaken.

As announced on 25 January 2016 and disclosed in the Company's 2015 annual accounts, the Company's relationship with the operator of the East Ghazalat concession has been difficult.

The Company is currently reviewing its options in relation to East Ghazalat to establish the course of action which represents the best value for the Company and its stakeholders."

[chinese investor] 31/5/2017 14:58

We'll know the actual figures when the Finals are released in June !

[chinese investor] 31/5/2017 14:26

Cash at June 2016 was £1.7 million.

Since then :-

IN
Equity placing to raise £250,000 in July 2016.
Chisholm Trail Prospect divestment for £2.2 million completed.
Operational Profit from Pine Mills of around £150,000.

OUT
Independent Resources (Egypt) Ltd settles £2 million loan note for £160,000.
£1,150,000 payment for Pine Mills.
£65,000 in Magnolia Paint.
£65,000 in Permian Basin.

That should leave just under three million pounds before Salaries, Expenses & Admin Costs.

[chinese investor] 31/5/2017 13:47

November 2016

"IRG is pleased to announce that Sahara Resources GOS Inc. ("SRGOS"), which holds a 50 per cent interest in the East Ghazalat concession, has been issued with a commercial registration and tax ID number by the General Authority for Investments and Free Zones ("GAFI") which formally establishes a branch of SRGOS in Egypt.

SRGOS is the wholly owned subsidiary of the Company's 50 per cent. owned associate Independent Resources (Egypt) Limited ("IRE"), IRG's joint venture vehicle ("JV") owned jointly with Nostra Terra Oil and Gas plc ("NTOG"), which was formed to facilitate IRE's acquisition of its interest in the East Ghazalat concession.

IRG believes the establishment of an Egyptian branch of SRGOS completes all the necessary legal formalities and will allow IRE to seek to conclude arrangements with the Egyptian General Petroleum Corporation ("EGPC") in respect of their registration process.

Once EGPC have concluded their process, the timing of the payment of accrued revenues remains, however, solely within the control of the relevant Egyptian authorities. The Company is liaising with these authorities so that payments can commence and will update the market further when it has visibility on when payments may be received.

[andy] 31/5/2017 09:35

The market doesn't seem too excited by the numbers, I guess people want to hear about Egypt.

[chinese investor] 31/5/2017 09:32

Over 2p Soon !
The Numbers Were Good With Plenty Of Potential !

[andy] 31/5/2017 08:25

dumpr,

Yes I agree, good to see production increasing rather than a decline.

Hopefully someone will join the call and ask about Egypt, as there really needs to be an update there, particularly after the BMD articles a while ago.

[chinese investor] 31/5/2017 08:15

If we do achieve 150bopd in 2017 then => 3p !

[chinese investor] 31/5/2017 07:58

Good Numbers !

[chinese investor] 31/5/2017 07:54

-- $586,355 net revenue and $321,556 net operational profit (after royalties and severance tax) generated at Pine Mills (100%), for the period from 01 November 2016 to 30 April 2017

-- Average oil production was 91bopd over period, delivering an average of over $53,000 net operating income per month

o Production so far in the full month of May has averaged 118bopd, a 30% increase over the average for the period

o Nostra Terra remains on course to achieve its stabilised average daily production target of 130 - 150bopd at Pine Mills during 2017

-- Average Lifting Costs (Lease Operating Expenses) at Pine Mills for the period: US$16.31/bbl

[chinese investor] 31/5/2017 07:50

November 2016 December 2016
------------------ -------------- --------------
Production 97bopd 100bopd
------------------ -------------- --------------
Net Revenue $90,802 $99,481
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Lease Operating Cost $54,972 $57,272
------------------ -------------- --------------
Operating Margin $35,830 $42,208
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Lifting Cost per bbl $18.93 $18.46