Nostra Terra Oil And Gas Share Discussion Threads

[chinese investor] 30/10/2014 08:55

For The Record I Top Sliced !

[buffythebuffoon] 30/10/2014 08:47

ukinvestor1 29 Oct'14 - 15:01 - 2943 of 2953 4 0
I think if the production update shows that we are still producing around the 1400 barrels per month level

Let's see...

September net production averaged 84 boepd (net of royalties)

[84 x 365] / 12 = 2555.

Nope, looks like we aren't and won't be.

When making an investment, always take a good look at the main man. Do you have confidence in him (sorry ladies, I don't know any women at the helm of an O&G company), do you have confidence in his integrity. I think the options vesting conditions answer the latter. The directors get to buy at 0.4p if the MID market share price is over 1p for ten consecutive days. Sure, we take some risk by having to put our money down now; but a few days back it was possible to have bought some at 0.244p :^}

Our risk profile will go up when we come to explore WB, but this is the oil business; if you don't like risk you shouldn't be investing in an oil company!
I like the risk-reward ratio.

At some stage, I'm convinced this board will be swamped by the herd waxing lyrical about the company. Those of us here now will be entitled to smile....and cash in.

Buffy

[poseidon adventure] 30/10/2014 08:46

Well done everyone.

[professor pettigrew] 30/10/2014 08:41

What we are going to witness today is an share price increase of over 10% on volume over 100m.

This is just the start. Any doubters should read and re-read BOTH the RNS's.

ML & Co have set a provisional benchmark target of 1p for their options. They know the production rate for CT14 will be excellent, and all this without the first drop of the black stuff from WB.

This company is set for significant re-ratings in it's share price and 2015 is certainly going to be the year when NTOG finally matures into an oil play to be reckoned with.

And for what it's worth, I still wouldn't underestimate the odds on a takeover bid here at some stage.

[chinese investor] 30/10/2014 08:33

Do I Top Slice ?

[poseidon adventure] 30/10/2014 08:25

I bought several million recently.

[astute person] 30/10/2014 08:24

I too have been accumulating.

[6ste] 30/10/2014 08:22

Can see this hitting 50% rise today. I've just topped up another half million so let's hope so

[professor pettigrew] 30/10/2014 08:22

This little undiscovered gem of a stock hasn't even been found yet by the wider market.

Under most radars, those here are aware of the continuing excellent news and the severe undervaluation of the share price.

As much as the superb production increase, the option RNS provides clues as to where ML & co are taking the share price.

1p is just the start.

[chinese investor] 30/10/2014 08:21

The News of the Golf is doing Wonders for the Share Price !

Look It Go !

[dongle features] 30/10/2014 08:12

My chum Tiger Woods (Africa 1970s) is looking forward to the Masters 2018 at Oklahoma.

[professor pettigrew] 30/10/2014 08:07

Excellent RNS - pointed out the other day when the "1" code came into operation - take note Brandy.

Onwards and upwards from here.

Anybody selling at these levels is patently unhinged.

UKI - you won't get our 0.22p top-up price, so you'd better call your broker this morning.

[noirua] 30/10/2014 07:47

Even allowing for the low oil price the market cap isn't asking for much.

[neilyb675] 30/10/2014 07:32

from craig140583 (on LSE):

That is how options should be, ambitious and fair to shareholders.

________________________________________________________________________

I agree, WB is a major prospect, the main priority and options are hinged upon its spudding and a much higher share price

[neilyb675] 30/10/2014 07:20

90 million OPTIONS

The Options granted pursuant to vesting condition:



(A) shall vest immediately upon grant;



(B) shall vest subject to certain performance criteria relating to the spudding of a well on the Company's White Buffalo project; and



(C) shall vest subject to the Company's mid-market share price closing at 1.0p or above for a minimum of ten consecutive business days.



All of the Options are exercisable at 0.4 pence per share and, subject to the attaching vesting conditions, are exercisable for a ten year period from the date of grant.

[neilyb675] 30/10/2014 07:15

Outlook



During the remainder of the year we hope to have positive results for the CT-14 and CT-16 wells. We have a 20% WI in each well and their production could have a significant impact on the Company's overall production.



We also look forward to two new exploration wells. The first well will be CT-18 that will test the Oswego formation in the Chisholm Trail Prospect. If successful this will begin to prove up a third horizontal play within the prospect and the 'acreage multiplier effect' could provide a number of new targets.



The second well will be the first exploration well within the High Plains Prospect. If it proves successful, the well will be followed by an on-going leasing program within the 43,000 acre Area of Mutual Interest.





Alden McCall, Chief Operating Officer of Nostra Terra, stated:



"Our goal and guideline has been to build a solid platform of production revenue from which to launch programs that are more exploratory in nature. We have participated in numerous wells that have reached payout in three years or fewer and are very pleased that two of the earliest large-interest wells in Chisholm Trail reached payout by the end of July, or roughly within 18 months. The platform is built and we have secured bank funding, based upon those reserves. Our next step is to bring the large potential of White Buffalo forward."





Matt Lofgran, Chief Executive Officer of Nostra Terra, commented:



"It's been an exciting end to the quarter as several wells are in various stages of drilling and completion. We anticipate being able to announce new production from some of these wells shortly which could have a material impact on the Company, providing a good end to the year and a solid base on which to build as we transition our portfolio further towards our own operations, including the White Buffalo prospect that we currently own 100%."

[neilyb675] 30/10/2014 07:09

High Plains Prospect (Texas)



The Company has been informed by the operator that, with the permitting issues at the High Plains Prospect now resolved, spudding of the first exploration well on the prospect is now expected by the end of the year.



The prospect covers 66 square miles and work continues to integrate the detailed subsurface mapping and 3D seismic data that will prioritise further areas for drilling. Nostra Terra has a 20% WI in the prospect, which is operated by Brown and Borelli.

[neilyb675] 30/10/2014 07:09

Q3 2014 Operations Update



The Company is pleased to report that quarterly production has increased by 80% from the second quarter of 2014, and averaged 84 boepd to Nostra Terra during September. Exploration and production activity continued to grow across the portfolio of prospects during the period, in addition, the Company acquired a new asset, the White Buffalo Prospect in Wyoming, USA, where Nostra Terra owns a 100% working interest.



Chisholm Trail Prospect (Oklahoma)



At the beginning of the quarter the CT-3 well (Gant 27) reached payout, 18 months from the start of production.



The latest producer, the CT-17 well (Willson 3-8-5H) averaged 440 barrels of oil equivalent per day (boepd), maintaining the prospect's record of consistently outperforming the operators' expectations. The well is another producer in the prolific Hunton formation. Nostra Terra owns a 2.92% Working Interest ("WI") in the well, which is operated by Stephens Production Company.



The CT-14 (Gant 1-22H) was completed but was producing more formation water relative to the volume of hydrocarbons than average wells in the play. A rework has just been completed setting a bridge plug to close off the very end of the well. The well is being put back into production and we will provide an update on progress when applicable. Nostra Terra has a 20.0% WI in this well that is operated by Ward Petroleum.



On 23 October Nostra Terra announced that the CT-16 (Bollenbach 1-33H) operated by Stephens Production Company is now drilling. This is another horizontal Hunton well, where Nostra Terra owns a 20.0% WI,.



Nostra Terra also elected to participate in the Chesapeake Anderson 21-18-6 3H (CT-18) well, where it holds a 1.87% WI. Drilling is now underway on this well. It's the 18th well in the Chisholm Trail Prospect and the first to test the Oswego formation. The prospect has been successfully drilled in the Hunton and Mississippian formations, and, if successful, CT-18 could help establish a third horizontal play within the prospect. This has the potential to, create a "multiplier effect", adding more potential drilling locations from the same acreage. The well is operated by Chesapeake Energy.

[neilyb675] 30/10/2014 07:06

80% Increase in Production from Previous Quarter



Nostra Terra (AIM:NTOG), the oil and gas exploration and production company with a growing portfolio of assets in the USA, is pleased to provide an operational and production update.



Highlights



· Quarterly production increase of 80% over previous quarter

· September net production averaged 84 boepd (net of royalties)

· CT-3 (Gant 27) reached payout in Q3-14 (18 months)

· CT-14 (Gant 22) workover completed

· CT-16 (Bollenbach 1-33H) drilling

· CT-18 (Anderson 21-18-6 3H) with Chesapeake now drilling

· CT-17 (Wilson 3-8-5H) gross Initial Rate of 440 boepd, (Nostra Terra 2.92% Working Interest)

· Additional formation targeted in Chisholm Trail Prospect

· Acquisition of 100% Working Interest in White Buffalo Prospect (6,100 net acres)

· Verde rework results, better than original IP rate

· High Plains well scheduled to spud before year end

· £1.75m Placing completed

[professor pettigrew] 29/10/2014 15:21

Yes, good point. Due to the recent fall in oil prices, we will have to show an increase in production to basically stand still income wise, but personally I don't think the fall to $80 or thereabouts will last long. I fully expect to see oil above the $90 level by xmas.

And to see some stonking RNS's here by then also!

[ukinvestor1] 29/10/2014 15:01

I think if the production update shows that we are still producing around the 1400 barrels per month level we will see ~0.2p... remember since the placing we have 500million new shares on the market...

[professor pettigrew] 29/10/2014 14:47

You'll never see it UKI - and you know that too!

[ukinvestor1] 29/10/2014 14:22

'we are cash productive and have cash in the bank.' - cash was from the recent placing and being 'cash productive' is a throw away statement, you know it too!

0.265p now... I am waiting for 0.22p to top up..

[michaelsadvfn] 29/10/2014 12:31

Professor Pettigrew 29 Oct'14 - 11:47 - 2939 of 2940 0 0

I think even the most pessimistic would think we are undervalued at around a £9m mcap....

Stop thinking Prof, you'll get confused.