Nostra Terra Oil And Gas Share Discussion Threads

[bad gateway] 30/9/2017 09:08

No problem chinese not going to tell you what to believe.
Last placing was at 2p with 3p warrants whilst the share price was 2.2p so maybe best not to hope for a large discount to buy into. They're no fbt. lol
They used the cash well too buying up leases and now according to the co its senior debt to develop it.
Past gone exciting times ahead imo...

In addition to this we have been acquiring multiple leases in a shallow, conventional area of the Permian Basin. The primary goal here has been to acquire low-risk reserves that can be exploited once we see fit. We have more than a dozen locations for new wells lined up and ready to exploit. We plan on using the new hedging facility with BP Energy Company alongside a senior facility to unlock further value, and grow our production and reserves in this prolific area

Maybe will get an email off to try to get more on their locations but patience will likely sort that too.

[chinese investor] 30/9/2017 09:00

bad,
I'll admit if there is a placing it'll be a small one !

Matt talks of 1,000 barrels of oil a day in Egypt !
That's ten times what Pine Mills is producing !

Exciting times ahead !

[bad gateway] 30/9/2017 08:55

Rather they sold the egyptian assets myself and concentrated on the US but no placing chinese they're arranging senior debt as written in the RNS.
Think that got missed, it certainly did on the LSE site as everyone screamed "sell theres a placing coming"

[chinese investor] 30/9/2017 08:49

Lastly we could buy and operate the Egyptian site - now that would be interesting !

[chinese investor] 30/9/2017 08:36

Six month admin expenses went from £222,000 to £472,000 !

2015 and 2016

Directors' remuneration £226,000 £108,000
Directors' fees £32,000 £64,000
Travelling and entertaining £55,000 £36,000
Legal and professional fees £214,000 £352,000
Other expenses £79,000 £137,000

We spent most of our time in court !

[chinese investor] 30/9/2017 08:24

100 barrels a day from Pine Mills.
That's 36,500 barrels a year.
That's revenue of £1,400,000 a year at $50 at barrel !

It'll last 10 years !

[chinese investor] 30/9/2017 08:14

dave,
I don't understand this BP "hedging facility" - I'm treating it as BP acting as guarantor.

They won't facilitate expenditure on day to day things (e.g. wages) only projects.

There's gonna be a Placing.

[noirua] 29/9/2017 17:45

NTOG do seem to be grinding out increased profitability at Pine Mills. They should get $594,031 from Hammerhead eventually.

During the first half of 2017 we delivered a fourfold increase in revenue to GBP549,000 and generated an operating profit of GBP163,000 (before non-cash items of depreciation and amortization). At the same time we increased Nostra Terra's proven (1P) reserves to 522,000 barrels of oil in the US (April 2017), through pursuing an effective acquisition strategy.
----

In tough market conditions we have proved our ability to identify, negotiate for, acquire and improve existing producing oil assets. We set out to restructure the Company so that it makes money below $30 oil prices, while remaining well positioned to profit substantially from any improvement in the market. This has been my most important personal goal for Nostra Terra and I am very happy that this interim report reflects the success we've had this year.

----

On 6 September 2017, the Company acquired full ownership of the Pine Mills asset adding additional reserves, effective date of 1 November 2016.

-- As previously announced, Nostra Terra has a non-appealable Court Judgement against Hammerhead Management Partners ("Hammerhead") (the "Court Judgement") from GFP Texas, the previous majority owner of Pine Mills.
This Court Judgement stood at $450,246 and was secured by Hammerhead's ownership of a 12.5% working interest in Pine Mills.
On 5 September 2017, an auction was held for the sale of the 12.5% stake in Pine Mills. As a result of the auction Nostra Terra now has full ownership of the 100% working interest in Pine Mills.

-- Additionally Hammerhead owes Nostra Terra a further US$594,031 (plus accruing interest), which is comprised of the outstanding balance of the original Court Judgement and a second trade payable. Nostra Terra will continue to take action against Hammerhead to recover this amount.

[dave4545] 29/9/2017 16:26

CI

Can they not use this new facility with BP then to get money. People say placing but if so what was the point of the facility ?

[dabs1969] 29/9/2017 16:09

The market loves the Interim's.... Yea right... Another excuse to drive this down to gain cheap shares.... Wait for the bounce.

[dabs1969] 29/9/2017 15:29

Definitely a placing on the cards I reckon.... But let's wait and see.

[chinese investor] 29/9/2017 14:51

They need money soon.

[imjustdandy] 29/9/2017 14:42

Running out of cash despite raising funds earlier this year Look at cash flows

[chinese investor] 29/9/2017 12:11

I'm assuming the Interims will be released at the same time as an important RNS.
Both later today !

[iloveit] 29/9/2017 11:04

Typical as mms grab lots of sellers yet no chance of getting a shed load without a high premium.

[dave4545] 29/9/2017 10:24

No chance of buying at 1.9p though. Easy to sell at 1.88p

[chinese investor] 29/9/2017 10:05

Why should I worry ?
I've only got 40,000 left !

[mally6] 29/9/2017 09:10

Expect placing rns history of bod in tatters

[chinese investor] 29/9/2017 08:52

Matt - where's your interim results ?

[chinese investor] 29/9/2017 07:48

Where's the Interims ?

[andy] 28/9/2017 17:18

dave,

You're right, I did!


Look at the long term chart in the header, many spikes followed by gradual falls, let's see if this holds over the medium term.

[sigora] 28/9/2017 16:18

more news will hopefully see it surpass last spike

[iloveit] 28/9/2017 16:14

Cmon a blue finish should be deserved here .