Nostra Terra Oil And Gas Share Discussion Threads

[milliecusto] 17/5/2022 00:25

Aim companies out there with zero production and much higher mkt cap

[jungmana] 17/5/2022 00:10

"The Company also is pleased to announce, following completion of the Fouke 2 well, a substantial increase in average monthly net operating cashflow is anticipated. This is due to a combination of increased production from the Fouke wells combined with recent high oil prices. The Company is anticipating that free cash flow for the remainder of the year will be in excess of original internal budget forecasts as a result."

[jungmana] 16/5/2022 23:48

"As a result of the past performance of the Fouke 1 and the test rate of the Fouke 2, the operator plans to request a substantial increase in the field allowable rate so that both wells can be produced at much higher and more efficient rates. A decision is anticipated later in the year. During the interim period the operator plans to produce each well at circa 140 bopd, which is above the current allowable cap, to obtain sufficient technical information to support the increased field allowable."

[jungmana] 16/5/2022 19:11

Agreed with those numbers. 2p (GBP 16 million market cap fully diluted) would be a fair valuation today.

[royalalbert] 16/5/2022 16:59

Also GE1 to be added shortly with drilling of two more wells.

[royalalbert] 16/5/2022 16:55

Simple sums average daily production Q4 = 118bopd

Lets add F1 and F2 at higher production rate 140 x 2 = 280bopd

We have 32.5% = 91 bopd, 118 + 91 = 209 (lets be conservative and say 190 bopd for NTOG)

190 x 75 (price minus all in production cost) x 350 (production days) = $4,987,500

Well, well undervalued to my eyes.

[royalalbert] 16/5/2022 16:30

0.704 buy another £2000 for me, it won't stay down here to long.

[royalalbert] 16/5/2022 15:58

Also oil at $111.

[royalalbert] 16/5/2022 15:54

0.71 to buy, will be interesting to see how many late trades there will be (if any).

[topicel] 16/5/2022 14:18

Yes indeed RA, 73m warrants is not that many as most will already have been flipped as you say.

I am not selling my holding until we at least replace the 0 with a 1 in front of the decimal point, and most likely not until a 2 or even a 3...

[idriveajag] 16/5/2022 13:55

Should already be over 3p.

[royalalbert] 16/5/2022 13:25

Delayed sell 2.5m add to the 1m earlier, warrants?

[wrtmf] 16/5/2022 13:20

heading for second top traded volume day in 12 months
[dwarfed however by the 110m+ of late sept]

[royalalbert] 16/5/2022 13:11

0.6 correct Topicel, your thinking I'd agree with, however some will always convert lower. Also 73,611,000 isn't that many really and some will have converted previously. All in all we should start to move up to fair value shortly.

[topicel] 16/5/2022 12:31

What are they converting from again royalalbert? 0.6p was it?

Having been given an extra year I'd personally wait a little longer and higher - but that's just me. These folk tend not to look too deeply at the prospects and simply take their 10-20% turn and move on.

From 0.6 I'd want at least 1p...and much more given the RNS today.

[royalalbert] 16/5/2022 11:47

The MM's are having a field day, let's hope it's the last of the warrant holders converting.

[markth126] 16/5/2022 11:43

Just re-entered with 770k purchase at 72.3p

[royalalbert] 16/5/2022 11:37

0.724 is a buy, £3000 top up for me.

[jungmana] 16/5/2022 11:28

We should get q1 operations and production rns soon

[topicel] 16/5/2022 10:40

Genierub - yep, your post 5489 is spot on.

Many on AIM follow the chart as much as the newsflow and any decisive break of the year high around 0.8p will see a quick re-rate with chartist money coming in I suspect.

But on the RNS today we should break it this afternoon or tomorrow as the earnings to m/cap calculations sink in. Then I expect 1p soon thereafter.

This has no further resistance in my book then until 2p...

[idriveajag] 16/5/2022 10:17

Good result today for NTOG from Fouke 2, flowing at 145 bopd.

32.5% of 140 bopd (intended production rate) = 45.5 bopd to NTOG.

If they sell at $100+ and operating costs are say $25, that gives $75+ profit per barrel.

45.5 bopd x $75 per barrel = $3412 per day to NTOG.

Say 350 days (conservative) production per year x $3412 = $1.19m pa extra to NTOG.

In addition, they intend to increase production from Fouke 1 from 82 bopd to 140 bopd, are awaiting results from GE1 recently drilled (NTOG 100%) and will be drilling GE2 & 3 (NTOG 100%) later this year.

[jungmana] 16/5/2022 09:54

Our net total production is now at least 170 bopd and GE1 should also be online soon.All for $6m market cap right now

[royalalbert] 16/5/2022 09:46

Granted there are some who seem to miss the working interest. However on the grant East field NTOG have 100%, with the first well being completed as we speak and another two wells to be drilled.

[royalalbert] 16/5/2022 09:42

Stockhunters we are only valued at $5.3m, so the increase in production net to NTOG is,

145/100 x 32.5 X 100 price per barrel x 365 days in a year = $1,720,062.5

Personally that's a good result from one well.

[stockhunters] 16/5/2022 09:20

they own 32.5% good news but nothing great