Nostra Terra Oil And Gas Share Discussion Threads

[chinese investor] 17/10/2014 15:52

BREAKING RNS NEWS

Professor Pottymouth Loses His Last ADVFN Friend !

[neilyb675] 17/10/2014 15:51

speak as I find.

When brandy calls you out, why does his post get ticked up...?

[neilyb675] 17/10/2014 15:48

speak as I find.

You are correct, you cant ban me, what bad luck that must feel like for you.

[neilyb675] 17/10/2014 15:20

FULL ASK PAID !!!!!!!!!!!!!!!!!!!

[professor pettigrew] 17/10/2014 15:17

Yes, that was 6 hours ago Neily!

Think they know what's coming, that's why we've ticked up a few times today.


All looking good. Malcy's Blog didn't go to print with NTOG today, so obviously now next week.

[neilyb675] 17/10/2014 14:56

Professor Pettigrew
17 Oct'14 - 08:53 - 2825 of 2831 0 0


MM's widen the spread ahead of positive news.
_______________________________

25-26

[professor pettigrew] 17/10/2014 12:31

jane downs - many thanks for your helpful post.

[chinese investor] 17/10/2014 11:20

Thanks jane.

[chinese investor] 17/10/2014 11:20

"Nostra Terra (LON:NTOG) is very happy with progress at the Chisholm Trail prospect, where it is participating in 18 wells, and another one is producing at better than expected rates.
The Willson 3-8-5H well (CT-17) well has now been completed and averaged 440 barrels of oil equivalent per day (BOEPD) over the most recent 10 days. Nostra owns a 2.92% working interest in the well.
Meanwhile, the firm has chosen to participate in the Chesapeake Anderson 21-18-6 3H (CT-18), its 18th well in the Oklahoma play. An initial horizontal well will test the Oswego formation.
The estimated total well cost is US$4,419,000 and Nostra has a 1.875% working interest, which is around US$82,875 net to the firm.
Elsewhere, the CT-14 (Gant 1-22H) well has also been completed and has begun flowing back frack fluid, oil, and gas. Although the well is producing oil and gas, it is yet to reach peak levels.
Nostra chief executive Matt Lofgran said: "We're very happy with the progress at Chisholm Trail. Another well is performing in excess of original projections and we are seeing another potential dimension added with a third formation being drilled by Chesapeake, one of the largest independent oil and gas companies in the United States.
"It's been two years since the first wells began drilling in the prospect. We've elected to participate in 18 wells with 8 different operators, and now in 3 different formations. Of the 18 wells 11 have already been drilled (with more being planned) and all are commercial producers, with the vast majority surpassing management's expectations.
"Following an inexpensive rework CT-3 production performed at more than twice management's expectations. The Hunton formation within the area has proven to be a resource play, where repeatable results are found. As a result we're encouraged by the planned rework of CT-14 in the near future, where we have a 20% working interest."
City firm Northland rates the shares a 'buy', targeting 0.46p, compared to a current price of 0.235p.
Analyst Andrew McGeary noted that the CT-14 well was Nostra’s biggest participation to date and, as such, would have some bearing on this year’s results.
"There is still some headroom in the CT portfolio with a further five wells at various stages of planning and permitting including another 20% working interest well, CT-16," he said.
"Whilst a modest working interest the CT18 well is interesting in that it could help establish the Oswego formation as a third play on the Chisholm Trail acreage in addition to the Hunton and Mississippi’s Lime formations.""

[jane downs] 17/10/2014 11:17

Beaufort Securities Breakfast Alert including Nostra Terra, Armdale Capital, BSkyB
- Today, 11:16 AM

[jane downs] 17/10/2014 11:17

Beaufort Securities Breakfast Alert including Nostra Terra, Armdale Capital, BSkyB
- Today, 11:16 AM

[pdtrussell] 17/10/2014 10:26

PP - Use the actual production figures from the Quarterly Updates instead of the quoted ones from the recent RNS.

[professor pettigrew] 17/10/2014 10:04

The maths here are compelling.

Our original target was 150bpd, we have now exceeded that in case anyone didn't notice by 30, so we are producing circa 180 barrels per day.

That equates to 65,700 barrels per annum, and that is WITHOUT CT14 which has yet to be reworked and of course the BIG news from WB.

Chisholm Trail is producing ABOVE expectations, so once CT14 comes on stream soon I expect our output to be in the region of around 200 barrels per day plus.

If the White Buffalo story is as big as many say, and I have no doubt in ML's judgement here, then there is no reason why we cannot quickly become a £100m mcap company.

Hence my 3p target for end 2015 is still in place.

[professor pettigrew] 17/10/2014 08:53

MM's widen the spread ahead of positive news.

[chinese investor] 17/10/2014 08:02

I have noticed a couple of posts are off topic.
Can we please talk about NTOG only.

Thanking you !

[giant haystacks] 17/10/2014 07:48

Due to unforeseen circumstances (i.e. falling NTOG share price) I now charge 2p.