Nostra Terra Oil And Gas Share Discussion Threads

[chinese investor] 09/11/2014 08:14

MILLWALL 2 BRENTFORD 3

[neilyb675] 08/11/2014 08:54

Gold price, oil price, wars, major disasters like Ebola, government policy, growth data (good or bad), employment figures.....

[buffythebuffoon] 08/11/2014 08:52

News, sentiment, momentum. That is what moves AIM stocks

As opposed to what in the main market?

[neilyb675] 08/11/2014 08:26

sashimi
7 Nov'14 - 18:50 - 3050 of 3053 0 0


I'm afraid charts don't mean a thing in a company like this. Price movements are based on news at this point.
____________________________________________________________

News, sentiment, momentum. That is what moves AIM stocks.

[brandy5911] 07/11/2014 19:47

The professor mate max Clifford failed his appeal today Pint

[sashimi] 07/11/2014 18:50

I'm afraid charts don't mean a thing in a company like this. Price movements are based on news at this point.

[neilyb675] 07/11/2014 18:41

You can't vote for this post twice.

[chinese investor] 07/11/2014 13:46

Where's Professor Purchases-Mean-Stakebuilding when you need him ?

[boo 2 goose] 07/11/2014 12:57

Y has the buy volume jumped from 7 million to 23 million?

[professor pettigrew] 07/11/2014 09:29

Looks like we are going to have a red day.

Still, it's been a decent week or so, all to play for next week.

Good weekend all, off for a couple of days break in the country.

[chinese investor] 07/11/2014 08:53

Go Supermarkets !

[astute person] 07/11/2014 08:20

Good post Dongle.

[adrian noble] 07/11/2014 08:18

I have just added to my sixty million holding.

Good luck all genuine investors.

[professor pettigrew] 07/11/2014 08:11

Question is, without (so far) an RNS today, will we see another 100m day or not?

[professor pettigrew] 07/11/2014 07:50

Don't fret chum. Think you are clever posting bits of other posts for me to see, but YOU are now monitored by ADVFN with a view to legal action for hacking.

You know who you are.

You have been warned.

[professor pettigrew] 07/11/2014 07:13

From a chart perspective, NTOG are set for further rises, but at the end of the day, it's only news that moves us one way or another.

GL to all holders and those accumulating today.

[professor pettigrew] 07/11/2014 07:11

Lots of speculation on uber-bullish CT14 news.

Remember, an RNS doesn't have to be issued at 7am. The last CT spud news was 9.30am, so news can come at any time.

Volumes have picked up here this week, it will be interesting to see what today brings.

[professor pettigrew] 06/11/2014 18:02

An excellent day all around, with good volume of over 100m.

Onwards and upwards, with some spectacular news on the way.

[dongle features] 06/11/2014 15:32

Nationwide, from North Dakota to Texas, technological improvements in horizontal drilling, or fracking, have led to an oil boom across the country, pushing US oil production to a 31-year high.

In Oklahoma, the discovery of oil resources contained within the Woodford-Cana shale has led some to speculate that the state could once again become the nation's leading oil producer, a position it last held at the turn of the 20th Century.

But all of this production is dependent on high prices, which have been plummeting over the summer.

The price per barrel of the benchmark Brent Crude index recently hit a four-year low, and that has some wondering about the economics of continued production if there is in fact a global supply war.

However, Fadel Gheit, a senior analyst covering oil at Oppenheimer and Company, says that prices would have to fall significantly to really force any producer in the US out of business.

"Five years ago the industry required about $90+ per barrel of oil to invest in new projects, but today this number is close to $60 or $65 per barrel," he says, mostly due to increased efficiency brought about by improving technology.

For instance, whereas it used to take two weeks to drill a new fracking well, now it takes five days.

As a result companies will delay starting new projects.

"New projects will be deferred because companies will be hoping that a new technology will reduce the cost so they don't want to rush".

But worries still persist.

David W Potts says that although the boom times seem to be continuing for the moment, he worries about the future.

"It would definitely hurt our bottom line if the [price of] oil kept falling and falling and falling, basically to where it dried up in the area and it wasn't feasible for them to drill any more," he says.

For now, however, oil producers here say they have no plans to slow down.

Down a dusty stretch of road, BNK Petroleum's 11th oil rig in the area is being constructed, poking out above the scrubby trees.

Miles of metal pipe are being inserted into the ground, with a fancy, million-dollar GPS tool at the front to ensure that they are drilling towards where the oil is deep underground.

Ray Payne says BNK Petroleum has 11 wells in the Woodford-Cana shale.
"It costs $8m to drill a well like this - and [hopefully] over its life over 300,000 barrels of oil," says Ray.

He says that while the falling price of oil is certainly a concern, for BNK at least, it is still high enough to make constructing a big rig like this feasible.

"Our margins are really strong here, so we will continue our development programme at the current pace, even at prices much lower than $80 a barrel," says Mr Payne.

He adds that falling prices could also be a good thing for BNK.

The area surrounding BNK's 11th rig is mostly flat and filled with grazing cattle.
That's because as the price falls and some producers slow down or perhaps shut down, the amount he has to pay to suppliers could decrease as demand slows - which would make the cost of producing oil here in Carter County even less expensive than before.

Yet despite industry assurances, most people in Ardmore seem keen to ensure that the town does not fall prey to yet another boom and bust period.

David Potts says there are many mineral rights owners looking to have oil development on their land.
David Potts is an oil and gas lease broker who has been operating in the area since 1984.

"Our business is booming as far as buying leases for clients that want to drill horizontal wells," he says.

But despite the new influx of wealth, there are no expensive cars on Ardmore's main street, or multi-million dollar McMansions being built on the outskirts of town.

Ardmore, Oklahoma has been experiencing a rare sight - traffic during the morning commute.
The glitziest symbols of the boom have been the arrival of a Chili's restaurant and a Lowe's home improvement store to the area.

That's because this is an area that has been scarred many times before - as evidenced by the still mostly empty Main Street, a casualty of bust in the 1980s.

"I think a lot of people are socking it away because they can't imagine it ever being this way again," say Mr Potts.

[neilyb675] 06/11/2014 12:50

Every buy is a sell....

And every sell is a buy