Nostra Terra Oil And Gas Share Discussion Threads

[pauliewonder] 08/6/2022 15:24

Climbing back up as people buy in at these discounted prices. Significantly higher oil price and greater production resulting in a transformational cashflow situation. Great upside from here

[idriveajag] 08/6/2022 15:06

I'm not trying to be funny but Ntog had their chance and blew it at GE1 and all they have left are interests in a few small wells.Helium One Global, HE1, is the place to be now. HE1 are drilling what could be the world's largest helium find next quarter (Jul to SEP) and start on one or two more next year, which could be the same size or more. Success on just one would mean they are worth £billions. hTTps://youtu.be/Ik54Lj_OiM4

[royalalbert] 08/6/2022 13:52

Oils at $121 we should be making a killing, but?

[royalalbert] 08/6/2022 13:50

Also December net production to NTOG was 119 bopd. No F2 and no increasing flow at F1.

Today we are at 140 bopd net now (F2 on flow which gives us 45.5 bopd at 32.5% and F1 increasing as well, hard to determine the increase but let's say an extra 6.5 bopd).

So increase in F1 and F2 gives us 52 bopd extra compared to December figures.

119 + 52 = 161 bopd were is the loss of 21 bopd coming from? Ok we have declining wells but to keep the oil flow increasing we need more wells to be drilled now. not later in the year.

GE1 was a disappointment and lessons need to be learnt, as stated keeping a small amount. NTOG has potential I thought it was here, but seems to be delayed a while.

Good luck to all holders and info is AIMHO.

[royalalbert] 08/6/2022 13:25

Gutted with those results, cashflow positive they said mmmmm.

Interim results published 30/09/2021 they stated Significantly reduced loss for the period of $269,000 (2020: $437,000).

How the hell can you have a loss of $1.088m for the year, at a point were oil and production was increasing in the second half.

Also not happy with Admin costs.

On this basis I have reduced, keeping a small amount just in case.

[pauliewonder] 08/6/2022 13:09

" but from my reading when you are making $30 a barrel never mind $70 you should be showing a profit"

What are you talking about $70 per barrel? "average $61.42 per barrel sold in 2021" so they would need a negative cost to the firm to be making $70 per barrel lol.

"Revenues for the year were $2,282,000 an increase of 123% from $1,025,000 in 2020, reflecting a combination of a 26% increase in production sales and an improving commodity price environment (average $61.42 per barrel sold in 2021 compared to $34.17 in 2020)"/

POO now $120 so there will be a substantial increase in both revenue and profit for the company going forward.

Loss narrowed to 1.088m from 1.302m, but this was based on $61.42 per barrel and significantly lower production than current (140 per day net).

Also, in terms of reserves:
"Net proven reserves attributable to Nostra Terra increased substantially during 2021, from 763,760 in 2020 to 973,180 bbl in late September and continued to rise to 1,073,960 bbl after year end".

All in all, these are historical results, and show some improvement, but don't reflect the substantial increase in both POO (doubling) and production (almost doubling) that has taken place post-period end.

Will be accumulating at these levels.

[topicel] 08/6/2022 11:39

The statement is straightforward. They were unfortunate.

I think even with today's tech the success rate is probably 1 in 4, rising to 1 in 3 in better fields.

It concludes :

"Nostra Terra has made significant progress this year increasing production and cashflow. The Company is in a very strong position at this point. While the result on the Grant East well isn't what we wanted, we remain optimistic about further drilling in this proven area, funded from existing resources."

So we move on to the next one and have the funds - growing per month by $500k - to try again with even more data in a few months. The speculative money exited but the m/cap is still below those earnings.

This will resume its progress towards 1p once the dust settles. The 2p hopes will have to wait until 4th quarter when the roulette wheel of drilling for oil is spun again...

[oilbuy] 08/6/2022 11:10

Nobody ever mentions the senior lending facility when ramping this.Its a rince & repeat for gulible inexperienced investors , who get caught up in ramps so someone else can sell out Just my opinion.

[pauliewonder] 08/6/2022 08:16

Oil price above $120 again. Will be transformational for the company

[idriveajag] 08/6/2022 08:06

Helium One Global, HE1, the next 20x bagger.

Get into HE1.

[pauliewonder] 08/6/2022 08:02

Last years results were based on an oil price of circa $64 per barrel. Current oil price is nearly double that so current margin will obliterate last years results. The girl will likely be very profitable at the current oil price, that's what people are more likely to be thinking about.

[ken chung] 08/6/2022 07:28

Ntog 2021 Loss before tax = $1.088mTheir latest drill flowed water.Lifestyle company disaster.Lemmings and mushrooms only.

[terminator101] 08/6/2022 07:12

The full horror of this loss making overvalued lifestyle fluff is laid bare in those awful results. All that waffle about being positive and change, yet they delivered yet another big loss last year.

[royalalbert] 07/6/2022 17:35

Well you pop out for the day and this happens, but it is what it is, learn from it and move on.

We are still generating $119 x 30 x 140 = $499800 per month at current prices.

£3.5 market cap undervalued for sure.

[pauliewonder] 07/6/2022 16:09

Don't agree. Production is increasing not decreasing if you go through the figures. POO won't drop unless we have a conclusion to the war in Ukraine which doesn't look likely at the moment. Then you have china coming back on line. It's unfortunate for the wider public as the cost of petrol at the pumps will likely be high for a while yet.

[ken chung] 07/6/2022 15:17

Sadly 118 bopd in the last update is tiny and puts them firmly in the lifestyle company category and what happens when the price of oil falls later this year or next year.Sadly their latest water producing disaster announced today won't help and they don't have the money to drill another. At least its a fine short.Lemmings and mushrooms only.

[pauliewonder] 07/6/2022 15:10

POO now attacking $120 again. Generating some serious cashflow for the company.

[ken chung] 07/6/2022 14:05

Water, water from Grant East!And production depleting from the other wells.Get out while you can.Lemmings and mushrooms only.

[oilandgasman1] 07/6/2022 13:45

So some of the ntog holders were dissing clon yesterday on twitterNow ntog has a duster

[jungmana] 07/6/2022 13:37

So far as of last weeks rns about 67 million have been exercised. I hold