Nostra Terra Oil And Gas Share Discussion Threads

[guyswonga74] 17/1/2018 09:40

Bought a few more this morning

[topicel] 17/1/2018 08:07

Lol bluehoreshoe, and maybe the neighbouring operator will again drill so close that they end up encroaching onto our parcel and having to give up some more free data of another successful strike!

Still no news on the flow rates yet this morning so share price pressure will continue to build and, as a reminder to all semi-nervous PIs out there, don't be taken in by any drops by the MMs as it is all artificial.

They know the demand for more shares will come and so will fish for your stock as soon as look at you if you show any weakness. Hold and, if funds are available, accumulate until all of this raft of news is done with...at least until Spring imho or 10p, whichever is the soonest.

Then reappraise.

Topicel

[guyswonga74] 17/1/2018 07:38

Will be adding some more this morning

[1bluehorseshoe] 16/1/2018 22:17

Also from 7 December RNS

A neighbouring operator is planning to drill a well, which if successful, could de-risk some of these "Possible" reserves at Pine Mills. Nostra Terra has now formally granted the approval required by the Texas Railroad Commission (the local governing authority) to allow the operator to drill closer than usual to the common lease boundary. The well is currently being permitted and is anticipated to be drilled next month. Results of the well will be shared between the Operator and Nostra Terra

[1bluehorseshoe] 16/1/2018 22:12

RNS 7 December

Recent Activity and Additional Reserves

In recent months, while oil prices have both stabilised and improved, Nostra Terra has been approached by various operators regarding potential farm-in opportunities on the deeper rights at Pine Mills. Pine Mills is made up of several leases over approximately 2,400 acres; all leases are Held By Production (HBP), meaning they have no expiration date and no required work programme, and remain in effect so long as the leases remain in production. This allows Nostra Terra the flexibility to farm-out should it so decide, or to drill further wells at its own discretion.

Forgot about this, maybe the farm in enquiries are a bit more than is suggested?

[westmoreland lad] 16/1/2018 21:46

Topicel -- I'm backing all sorts of potential winners atm -- especially pleased today with No 1 highest %age gainer N4P. Ought could happen tomox but expect oil
and gold stocks to >>- gain--------->

GL

[1bluehorseshoe] 16/1/2018 20:58

Like I’ve said before Topicel, great to be invested in an interesting share.

[topicel] 16/1/2018 20:40

And mischievous as it is, the mention that Exxon and Chevron are seriously looking at muscling in on the US shale plays by buying up existing small cap stocks would be an additional potential reward for NTOG investors if our assets keep growing.

Or just maybe a certain BP, who we seem to be friendly with...?

Matt might just get his £50m in one fell swoop and we can all retire! Lol. I still fancy the dividend journey better though. ;)

Topicel

[topicel] 16/1/2018 20:34

Great link Westmoreland Lad (did you back it?) and I particularly liked the line that said new wells can be drilled in little more than a week using current technology...

And with 24 easily drilled and specially selected ready to go in our asset portfolio in the Permian Basin, I don't doubt even if only 25% come in the dollars will be flowing nicely throughout 2018 and beyond.

Towards those divvies indeed Bluehorseshoe!

That late trade was unclear but at 5.35p surely was a buy? If Rosalanor is right and the bullish flag plays out then we shouldn't be hanging around in the 5s much longer...

Topicel

[neilyb675] 16/1/2018 19:33

Mmmmmmmmmm

[1bluehorseshoe] 16/1/2018 18:49

Updated Chart



Updated chart courtesy of Ros. Looking forward to the next set of targets;))

[novicetrade68] 16/1/2018 18:27

And seems someone also bought 235k shares right before the bell.

[1bluehorseshoe] 16/1/2018 18:25

Just refreshing my memory, CEO and Chairman have qualified for 3p and 4.5p bonus shares with 6p next and Chairman has 8.77p warrants although a smaller number just 1m so aligning their interests with ours is paying off and the Chairman has taken his salary in shares as Topicel recently mentioned. Keep them doggies rolling!

[croasdalelfc] 16/1/2018 17:50

Topped up at 5.18 £2k which was nice of them

[1bluehorseshoe] 16/1/2018 17:46

Thanks for posting westmoreland lad, I like the piece about dividends!

Nice to see the final trade too mopping up.

[topicel] 16/1/2018 16:40

Yes, overlooked that.

Of course there is still the balance of $3.8m too if the Bridge Loan repayment ate up too much of the $1.2m immediately available, so either way it is as broad as its wide I suppose.

I'm sure Matt will allocate it wisely and to the best strategic advantage.

Topicel

[1bluehorseshoe] 16/1/2018 16:07

RNS 31 October

The term of the Bridge Loan is two years, however it is the Company's intention to repay the Bridge Loan with proceeds from its Senior Lending Facility by the end of 2017. No arrangement or other fees have been charged for the provision of the Bridge Loan.

Some should be allocated as above

[topicel] 16/1/2018 16:02

From last week's RNS:-

Nostra Terra (AIM:NTOG), the oil and gas exploration company with a portfolio of assets in the USA and Egypt, is pleased to announce that it has received approval for a new US$5 million Senior Lending Facility ("the Facility") with Washington Federal Bank. US$1.2 million of the Facility will be immediately available for use on completion of the legal paperwork ("Completion"). Completion is expected to take place before the end of January. The interest rate is 4.75%.

So the formal completion - and potentially the identified items the $1.2m will be used on - should also be announced within days.

End of January just 11 business days from now...nice January sale prices on offer today too!

Topicel

[1bluehorseshoe] 16/1/2018 15:46

Hi Topicel. We should have a few quid in the Bank anyway by now with the recent warrant conversion and our improved profitability. Matt must feel like the sun has come out in the middle of winter

[topicel] 16/1/2018 15:25

Nope, you've not missed much out bluehorseshoe - other than to remind everyone that the number of shares in issue is a paltry 125m and the recently completed $5m senior lending facility with Washington Federal Bank at a mere 4.75% means dilution is not on the cards which is always a concern with AIM companies, whatever their potential and prospects.

These shares, of which the CEO Matt Lofgran holds 5m+, are tightly held with many aware the current market cap of £5.5m is still too low for this company, so the re-rate will continue slowly but surely as your list of news items comes to fruition.

I would also add the other $25m credit facility with a Texas Bank that NTOG still has although it is at less favourable terms than the Washington one so it won't be used unless a major opportunity becomes apparent. The fact is it is available though...

On which note, the formal release of the $1.2m funds from the Washington Bank facility will, presumably, also be announced within days as available, and maybe what it is being used for. Like three of the drill-ready 24 prospects in the Permian Basin acreage which Mat likes best - all easy-ish targets apparently - at approx $500k a pop...

Certainly pays to be patient here imho.

Topicel

[novicetrade68] 16/1/2018 15:09

And of course a rising oil price is already adding $$ to the bottom line ;-)

[1bluehorseshoe] 16/1/2018 15:00

Twin Wells flow rates and production rates
Pine Mills production update
New Well (twin well asset) permit update and drill program
Texas Assets production update
Bridging loan payment to close
Hammerhead payment
Further acquisitions
Egypt

Take your pick, may have missed something?