Nostra Terra Oil And Gas Share Discussion Threads

[chinese investor] 30/9/2017 08:14

dave,
I don't understand this BP "hedging facility" - I'm treating it as BP acting as guarantor.

They won't facilitate expenditure on day to day things (e.g. wages) only projects.

There's gonna be a Placing.

[noirua] 29/9/2017 17:45

NTOG do seem to be grinding out increased profitability at Pine Mills. They should get $594,031 from Hammerhead eventually.

During the first half of 2017 we delivered a fourfold increase in revenue to GBP549,000 and generated an operating profit of GBP163,000 (before non-cash items of depreciation and amortization). At the same time we increased Nostra Terra's proven (1P) reserves to 522,000 barrels of oil in the US (April 2017), through pursuing an effective acquisition strategy.
----

In tough market conditions we have proved our ability to identify, negotiate for, acquire and improve existing producing oil assets. We set out to restructure the Company so that it makes money below $30 oil prices, while remaining well positioned to profit substantially from any improvement in the market. This has been my most important personal goal for Nostra Terra and I am very happy that this interim report reflects the success we've had this year.

----

On 6 September 2017, the Company acquired full ownership of the Pine Mills asset adding additional reserves, effective date of 1 November 2016.

-- As previously announced, Nostra Terra has a non-appealable Court Judgement against Hammerhead Management Partners ("Hammerhead") (the "Court Judgement") from GFP Texas, the previous majority owner of Pine Mills.
This Court Judgement stood at $450,246 and was secured by Hammerhead's ownership of a 12.5% working interest in Pine Mills.
On 5 September 2017, an auction was held for the sale of the 12.5% stake in Pine Mills. As a result of the auction Nostra Terra now has full ownership of the 100% working interest in Pine Mills.

-- Additionally Hammerhead owes Nostra Terra a further US$594,031 (plus accruing interest), which is comprised of the outstanding balance of the original Court Judgement and a second trade payable. Nostra Terra will continue to take action against Hammerhead to recover this amount.

[dave4545] 29/9/2017 16:26

CI

Can they not use this new facility with BP then to get money. People say placing but if so what was the point of the facility ?

[dabs1969] 29/9/2017 16:09

The market loves the Interim's.... Yea right... Another excuse to drive this down to gain cheap shares.... Wait for the bounce.

[dabs1969] 29/9/2017 15:29

Definitely a placing on the cards I reckon.... But let's wait and see.

[chinese investor] 29/9/2017 14:51

They need money soon.

[imjustdandy] 29/9/2017 14:42

Running out of cash despite raising funds earlier this year Look at cash flows

[chinese investor] 29/9/2017 12:11

I'm assuming the Interims will be released at the same time as an important RNS.
Both later today !

[iloveit] 29/9/2017 11:04

Typical as mms grab lots of sellers yet no chance of getting a shed load without a high premium.

[dave4545] 29/9/2017 10:24

No chance of buying at 1.9p though. Easy to sell at 1.88p

[chinese investor] 29/9/2017 10:05

Why should I worry ?
I've only got 40,000 left !

[mally6] 29/9/2017 09:10

Expect placing rns history of bod in tatters

[chinese investor] 29/9/2017 08:52

Matt - where's your interim results ?

[chinese investor] 29/9/2017 07:48

Where's the Interims ?

[andy] 28/9/2017 17:18

dave,

You're right, I did!


Look at the long term chart in the header, many spikes followed by gradual falls, let's see if this holds over the medium term.

[sigora] 28/9/2017 16:18

more news will hopefully see it surpass last spike

[iloveit] 28/9/2017 16:14

Cmon a blue finish should be deserved here .

[dave4545] 28/9/2017 15:38

And when it dipped to 2p offer somebody paid 2.25p for 400k bit crazy what some people
do and pay when no quote online

[dave4545] 28/9/2017 15:37

All I can buy online atm is 100,000 at full 2.1p

[iloveit] 28/9/2017 15:10

Profit takers were out in force at around 3p.The big punts coming back in now which will drive this up much quicker so 2.5p+ likely entry price back in for most.Have to feel strength now in buying is on BP rns .Watching closely as this could move up rapidly .

[dave4545] 28/9/2017 14:52

2.5 mil cap Andy and BP offering financing you have to ask yourself why.

[dave4545] 28/9/2017 14:44

Cannot buy even 50,000 online at 2p now.

They will only drop it if more sheep panic and bail out and in the case of mally6
a well known pump and dumper they have to post a deramp afterwards.

[dave4545] 28/9/2017 14:41

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