Nu-oil And Gas Share Discussion Threads

[the patriotic irishman] 16/8/2018 12:22

giving the game away you say

I wonder who else uses em little ✓ marks a lot

eh eh old sea dog 😂



loving all em insidious dots today

'mark' my words 'kev' is clearly rattled 😀

.. ..-. / --- -. .-.. -.-- / - .... . -.-- / -.- -. . .-- 😃

[the patriotic irishman] 16/8/2018 12:16

giving the game away eh

.. ..-. / --- -. .-.. -.-- / - .... . -.-- / -.- -. . .-- 😃


hows your (nudge nudge wink wink) blockage coming along Kev 🤡


yep still laughing

😂😂😂😂8514;😂ԅ14;😂😂;😂😂😂😂
28514;😂€514;😂㈳4;😂😂😂😂😂😂8514;😂ԅ14;😂😂;😂😂😂😂
28514;😂€514;😂㈳4;

[thecashmoney] 16/8/2018 12:14

14/8/2018
13:18 thecashmoney: Things are getting very exciting here as a number of things come together at the same time. One of the reasons i invested here is that this has never been a one trick pony. It has, however, been a tough time for shareholders as the challenges of investing in oil and gas have meant that we have been left waiting much longer than anyone would like. My main reason for investing remain the marginal field strategy - that really looks like it is getting ready to deliver the transformational deal that we have all been so patiently waiting for. We have been through two placings, lived with the disappointment of encouraging statements made that have not been met timescales - e.g. Minty stating 3 to 6 months in a podcast in April 17, to Simon’s statement in a podcast that he hoped a deal would land before Christmas. It would be so easy to dismiss the current anticipation (as many of the trolls on here frequently do) by reference to those statements. Problem for them is that they rarely mention the actual evidence that indicates things really are concluding now. Anyone at the AGM in Jan will tell you that the team said it would take around 6 months to complete a deal - and we are very much in that timescale. The important thing for me is the steady stream of what should be value adding news that we have already had. Jan 18 - Aker Solutions join the consortium. They are a fundamental member of the consortium if they are going to take on an already producing field. They also have a big footprint in Brazil. And just remind me why this billion pound company have decided to get into bed with a £14m minnow? Why would they commit their time and resources to working with MFDevCO in assessing assets? They donâ€482;t strike me as a charity. In Feb 18 we have the company set up subsidiaries for MFDevCo Brazil holdings and MFDevCO China facilities on the same day. A month later we are told that they are looking at a very valuable opportunity in Brazil and have to create the project structures for projects to reside in. In July we are told that they have identified a facility in China to bring onto the project. Why would you do that if you were not planning to develop the field that you were planning to take on? In March they told us an end point was in sight and that they were concluding the deal in short order. 3 months later they updated us - telling us all of the work that they had done to evaluate this opportunity by looking at all the data and evaluating all the sub surface engineering work in order to determine the planning for the development of the field. That all takes considerable time - in oil and gas you have to be sure that what you are taking on is a good opportunity - and we have been told that all that important time consuming work has now been competed. Think too that if they have identified a facility from China to develop the field, in order to do that you need a clear idea of what sort of facility you need to bring in - its capabilities and capacity - what sort of top side engineering you want. To understand that you need a clear idea of how the field will be developed - what sort of production rates you can expect in the future, how many wells you are planning to drills etc. All that engineering evaluation takes time to complete - and its now been done. 5 weeks ago they told us that they were in the final stages of negotiating a very valuable deal - that there were hurdles to competition (i.e. someone else was not going to swoop in at the last minute) - and that they were negotiating the finance in a way that avoids dilution. Then in messages from the company a few weeks ago they told us that they were doing the due diligence with colleagues from overseas - you only do due diligence right at the end - after you have already agreed the outline terms and just before you make the deal. Now they are now indicating that they have made very significant progress in that process. We are just waiting to find out what that is - but the indications are that they are still moving forward. Yet you can still pick up shares here for a 10% discount to the placing back in March. What should be value adding news in any other company has not been here - largely as a result of the ghost of old Enegi Oil in my view - this means that they suffer from a serious credibility problem that holds the share price back despite that the recent statements have been cleared by the Nomad and that they have the backing of billion pound companies. Some of us have chosen to put our faith in our research and use the evidence as an opportunity to build a large stake in this company - and if you do even the most conservative sums on what a deal for an already producing field would be - you know that this will multi bag from here and will provide life changing sums for investors prepared to take a risk. Up to you how much risk you are prepared to take - all i every say is that you should at least make your mind up on the actual evidence not on the alternative narrative that some uninvested troglodyte is trying to spin. We also have garden hills - but for me that has always been an interesting side show - even if its going to be a valuable side show once they develop the wider area. The workover of the current well is taking forever - but we know its history - and although progress has been made on this well in removing the blockages and getting it ready to flow - that is not where the value lies. Donâ€482;t get me wrong however, any production from this well will be good - and even very low flow rates - remember its already flowed at around 200 bopd over a sustained period - and that would be worth around 2p on the share price. Its the farm in that iâ€͐;;;;;2;m interested in. The timeline for that it approaching - but if you go back to the wording in the RNS - “The Company anticipate that the Head of Terms will lead to the Parties entering into a definitive agreement within 75 daysâ€� its not a completely definitive one. While i donâ€482;t think that the logistics issues they are having with the current well is related to progress on concluding the farm-in it may have had an effect on the effort available. You also have to factor in that in Newfoundland they seem to do business at their own pace. Hopefully we will get an update form the company at some point next week. For me - the timescale is less important than they continue to progress getting a consortium formed to further develop the wider area. Remember the wording from the RNS: “a new well will target areas of hydrothermal dolomite down-dip from the current PAP#1-ST#3 well, which demonstrate enhanced connectivity and porosity and are therefore believed to be able to deliver higher flow rates. Increasing production rates will significantly increase the total volume of oil that can be commercially recovered from Garden Hill and, as a result, drilling the proposed well will improve the economic return from the lease. “ August looks like it could be the most exciting month we have had in the history of this company. #excitingtimes

[1barnes] 16/8/2018 12:11

Nothing to hide and no I don't want to exit until brazil lands we are to close now. Will see what the deal is and where price goes and decide. I openly traded before not now not taking any risk of being locked out. Patriotic why are you here?

[the patriotic irishman] 16/8/2018 12:11

cleaning up the board eh

.. ..-. / --- -. .-.. -.-- / - .... . -.-- / -.- -. . .-- 😃



still laughing

😂😂😂😂8514;😂ԅ14;😂😂;😂😂😂😂
28514;😂€514;😂㈳4;😂😂😂😂😂😂8514;😂ԅ14;😂😂;😂😂😂😂
28514;😂€514;😂㈳4;

[thecashmoney] 16/8/2018 12:09

He won't answer because he has no defence, tell me no pants where are you invested ??? What are you ???Not one single post on another share ?? The account has been set up to post for personal gain ,without consequences,show me one investor who doesn't post positive on his investments ???,he even calls himself noramps as that in itself gives his game away .....join them dots 😀

[the patriotic irishman] 16/8/2018 12:09

what no exit price ?

nothing to hide eh barny

I bet its not 25p 😀



yep still laughing

😂😂😂😂8514;😂ԅ14;😂😂;😂😂😂😂
28514;😂€514;😂㈳4;😂😂😂😂😂😂8514;😂ԅ14;😂😂;😂😂😂😂
28514;😂€514;😂㈳4;

[1barnes] 16/8/2018 12:03

Looks like we are cleaning up the board thecashmoney and showing their real colours. I answered all your questions noramps so come on answer mine honestly. I even stated what price I would buy in when I was out and I wanted the price to go down and reasons for it. I put my buys on here for all to see nothing at all to hide. What do you have to hide?

[thecashmoney] 16/8/2018 12:00

Answer me this no pants ,the only share you post on is this one ,he claims to be not invested or have any positions,yet hes been posting here every day for years ,he claims to know all the answers ,but clearly doesn't invest or trade anything else ??? , He cries multi IDs ,but surely the only investor who posts negatively on one share ,must have other IDs for where he posts positive for fear of retaliation, join the dots those insidious dots ,the plot thickens ,as I show to the world tour cunning plan .

[noramps] 16/8/2018 11:42

Instead of diversion 1barnes, answer my questions. no-one ever does in any meaningful way - but we know the answer.

De-ramping isn't the issue its the incessant ramping of the 'LTHs' that is the interesting point.

Why? Why do they have to. They all know that riches await. Why not confidently sit and let it all wash over them?

Why do they want to encourage more to buy and why are they indeed ramping up their efforts on Twitter etc.

Its as transparent as a window.

[1barnes] 16/8/2018 10:55

Imagine a world where there was a listed company in Brazil, asset rich, but cash poor and emerging from bankruptcy. It has a market cap of £600 million, but only £20 million in cash. This company operates an underperforming offshore oilfield and needs a step change to restore sustainability, perhaps by drilling more wells in better locations, perhaps by improving productivity of the offshore production facilities but they simply cannot afford to do all that. They don’t have the money.

Along comes a bloke from Manchester and says, I can help if you like. There is this company in UK called MFDevCo (Brazil) Holdings Limited. I am its boss. I can ask my friends in Aker and AGR and elsewhere to take a few shares in MBHL and then reverse into your listed company with all this wealth and expertise and sort you out. They won’t want any money upfront, they will be happy with their revenue share from MBHL when more oil is sold.

Then there is China Pacific where I have another deal going, they are part of COSL y'know. They have 8 harsh environment jack up rig drilling facilities and one idle right now that can operate in your water depth. I am also the boss of MFDevCo (China) Facilities Limited which has a lease option on the rig, and Bank of China will extend non-recourse credit facilities to drill 6 wells, to be repaid from a production royalty.

We only want 49% of your company to do this, but you must hand over duty holder responsibility to us via our friends at Aker. Our due diligence and sub surface assessment tells us that we can increase production threefold. So it is win, win all round.

Anyone fit the bill in this imaginary world? Ah yes, Dommo Energia SA. Funny how their share price rocketed by 110% on the same day as the NUOG Beaufort placing

[the patriotic irishman] 16/8/2018 10:53

life science insider eh eh 🤡

DM me on twitter


www.linkedin.com/in/chriswatton/


yep still laughing

😂😂😂😂8514;😂ԅ14;😂😂;😂😂😂😂
28514;😂€514;😂㈳4;😂😂😂😂😂😂8514;😂ԅ14;😂😂;😂😂😂😂
28514;😂€514;😂㈳4;

[thecashmoney] 16/8/2018 10:52

14/8/2018
13:18 thecashmoney: Things are getting very exciting here as a number of things come together at the same time. One of the reasons i invested here is that this has never been a one trick pony. It has, however, been a tough time for shareholders as the challenges of investing in oil and gas have meant that we have been left waiting much longer than anyone would like. My main reason for investing remain the marginal field strategy - that really looks like it is getting ready to deliver the transformational deal that we have all been so patiently waiting for. We have been through two placings, lived with the disappointment of encouraging statements made that have not been met timescales - e.g. Minty stating 3 to 6 months in a podcast in April 17, to Simon’s statement in a podcast that he hoped a deal would land before Christmas. It would be so easy to dismiss the current anticipation (as many of the trolls on here frequently do) by reference to those statements. Problem for them is that they rarely mention the actual evidence that indicates things really are concluding now. Anyone at the AGM in Jan will tell you that the team said it would take around 6 months to complete a deal - and we are very much in that timescale. The important thing for me is the steady stream of what should be value adding news that we have already had. Jan 18 - Aker Solutions join the consortium. They are a fundamental member of the consortium if they are going to take on an already producing field. They also have a big footprint in Brazil. And just remind me why this billion pound company have decided to get into bed with a £14m minnow? Why would they commit their time and resources to working with MFDevCO in assessing assets? They donâ€482;t strike me as a charity. In Feb 18 we have the company set up subsidiaries for MFDevCo Brazil holdings and MFDevCO China facilities on the same day. A month later we are told that they are looking at a very valuable opportunity in Brazil and have to create the project structures for projects to reside in. In July we are told that they have identified a facility in China to bring onto the project. Why would you do that if you were not planning to develop the field that you were planning to take on? In March they told us an end point was in sight and that they were concluding the deal in short order. 3 months later they updated us - telling us all of the work that they had done to evaluate this opportunity by looking at all the data and evaluating all the sub surface engineering work in order to determine the planning for the development of the field. That all takes considerable time - in oil and gas you have to be sure that what you are taking on is a good opportunity - and we have been told that all that important time consuming work has now been competed. Think too that if they have identified a facility from China to develop the field, in order to do that you need a clear idea of what sort of facility you need to bring in - its capabilities and capacity - what sort of top side engineering you want. To understand that you need a clear idea of how the field will be developed - what sort of production rates you can expect in the future, how many wells you are planning to drills etc. All that engineering evaluation takes time to complete - and its now been done. 5 weeks ago they told us that they were in the final stages of negotiating a very valuable deal - that there were hurdles to competition (i.e. someone else was not going to swoop in at the last minute) - and that they were negotiating the finance in a way that avoids dilution. Then in messages from the company a few weeks ago they told us that they were doing the due diligence with colleagues from overseas - you only do due diligence right at the end - after you have already agreed the outline terms and just before you make the deal. Now they are now indicating that they have made very significant progress in that process. We are just waiting to find out what that is - but the indications are that they are still moving forward. Yet you can still pick up shares here for a 10% discount to the placing back in March. What should be value adding news in any other company has not been here - largely as a result of the ghost of old Enegi Oil in my view - this means that they suffer from a serious credibility problem that holds the share price back despite that the recent statements have been cleared by the Nomad and that they have the backing of billion pound companies. Some of us have chosen to put our faith in our research and use the evidence as an opportunity to build a large stake in this company - and if you do even the most conservative sums on what a deal for an already producing field would be - you know that this will multi bag from here and will provide life changing sums for investors prepared to take a risk. Up to you how much risk you are prepared to take - all i every say is that you should at least make your mind up on the actual evidence not on the alternative narrative that some uninvested troglodyte is trying to spin. We also have garden hills - but for me that has always been an interesting side show - even if its going to be a valuable side show once they develop the wider area. The workover of the current well is taking forever - but we know its history - and although progress has been made on this well in removing the blockages and getting it ready to flow - that is not where the value lies. Donâ€482;t get me wrong however, any production from this well will be good - and even very low flow rates - remember its already flowed at around 200 bopd over a sustained period - and that would be worth around 2p on the share price. Its the farm in that iâ€͐;;;;;2;m interested in. The timeline for that it approaching - but if you go back to the wording in the RNS - “The Company anticipate that the Head of Terms will lead to the Parties entering into a definitive agreement within 75 daysâ€� its not a completely definitive one. While i donâ€482;t think that the logistics issues they are having with the current well is related to progress on concluding the farm-in it may have had an effect on the effort available. You also have to factor in that in Newfoundland they seem to do business at their own pace. Hopefully we will get an update form the company at some point next week. For me - the timescale is less important than they continue to progress getting a consortium formed to further develop the wider area. Remember the wording from the RNS: “a new well will target areas of hydrothermal dolomite down-dip from the current PAP#1-ST#3 well, which demonstrate enhanced connectivity and porosity and are therefore believed to be able to deliver higher flow rates. Increasing production rates will significantly increase the total volume of oil that can be commercially recovered from Garden Hill and, as a result, drilling the proposed well will improve the economic return from the lease. “ August looks like it could be the most exciting month we have had in the history of this company. #excitingtimes

[thecashmoney] 16/8/2018 10:52

14/8/2018
13:18 thecashmoney: Things are getting very exciting here as a number of things come together at the same time. One of the reasons i invested here is that this has never been a one trick pony. It has, however, been a tough time for shareholders as the challenges of investing in oil and gas have meant that we have been left waiting much longer than anyone would like. My main reason for investing remain the marginal field strategy - that really looks like it is getting ready to deliver the transformational deal that we have all been so patiently waiting for. We have been through two placings, lived with the disappointment of encouraging statements made that have not been met timescales - e.g. Minty stating 3 to 6 months in a podcast in April 17, to Simon’s statement in a podcast that he hoped a deal would land before Christmas. It would be so easy to dismiss the current anticipation (as many of the trolls on here frequently do) by reference to those statements. Problem for them is that they rarely mention the actual evidence that indicates things really are concluding now. Anyone at the AGM in Jan will tell you that the team said it would take around 6 months to complete a deal - and we are very much in that timescale. The important thing for me is the steady stream of what should be value adding news that we have already had. Jan 18 - Aker Solutions join the consortium. They are a fundamental member of the consortium if they are going to take on an already producing field. They also have a big footprint in Brazil. And just remind me why this billion pound company have decided to get into bed with a £14m minnow? Why would they commit their time and resources to working with MFDevCO in assessing assets? They donâ€482;t strike me as a charity. In Feb 18 we have the company set up subsidiaries for MFDevCo Brazil holdings and MFDevCO China facilities on the same day. A month later we are told that they are looking at a very valuable opportunity in Brazil and have to create the project structures for projects to reside in. In July we are told that they have identified a facility in China to bring onto the project. Why would you do that if you were not planning to develop the field that you were planning to take on? In March they told us an end point was in sight and that they were concluding the deal in short order. 3 months later they updated us - telling us all of the work that they had done to evaluate this opportunity by looking at all the data and evaluating all the sub surface engineering work in order to determine the planning for the development of the field. That all takes considerable time - in oil and gas you have to be sure that what you are taking on is a good opportunity - and we have been told that all that important time consuming work has now been competed. Think too that if they have identified a facility from China to develop the field, in order to do that you need a clear idea of what sort of facility you need to bring in - its capabilities and capacity - what sort of top side engineering you want. To understand that you need a clear idea of how the field will be developed - what sort of production rates you can expect in the future, how many wells you are planning to drills etc. All that engineering evaluation takes time to complete - and its now been done. 5 weeks ago they told us that they were in the final stages of negotiating a very valuable deal - that there were hurdles to competition (i.e. someone else was not going to swoop in at the last minute) - and that they were negotiating the finance in a way that avoids dilution. Then in messages from the company a few weeks ago they told us that they were doing the due diligence with colleagues from overseas - you only do due diligence right at the end - after you have already agreed the outline terms and just before you make the deal. Now they are now indicating that they have made very significant progress in that process. We are just waiting to find out what that is - but the indications are that they are still moving forward. Yet you can still pick up shares here for a 10% discount to the placing back in March. What should be value adding news in any other company has not been here - largely as a result of the ghost of old Enegi Oil in my view - this means that they suffer from a serious credibility problem that holds the share price back despite that the recent statements have been cleared by the Nomad and that they have the backing of billion pound companies. Some of us have chosen to put our faith in our research and use the evidence as an opportunity to build a large stake in this company - and if you do even the most conservative sums on what a deal for an already producing field would be - you know that this will multi bag from here and will provide life changing sums for investors prepared to take a risk. Up to you how much risk you are prepared to take - all i every say is that you should at least make your mind up on the actual evidence not on the alternative narrative that some uninvested troglodyte is trying to spin. We also have garden hills - but for me that has always been an interesting side show - even if its going to be a valuable side show once they develop the wider area. The workover of the current well is taking forever - but we know its history - and although progress has been made on this well in removing the blockages and getting it ready to flow - that is not where the value lies. Donâ€482;t get me wrong however, any production from this well will be good - and even very low flow rates - remember its already flowed at around 200 bopd over a sustained period - and that would be worth around 2p on the share price. Its the farm in that iâ€͐;;;;;2;m interested in. The timeline for that it approaching - but if you go back to the wording in the RNS - “The Company anticipate that the Head of Terms will lead to the Parties entering into a definitive agreement within 75 daysâ€� its not a completely definitive one. While i donâ€482;t think that the logistics issues they are having with the current well is related to progress on concluding the farm-in it may have had an effect on the effort available. You also have to factor in that in Newfoundland they seem to do business at their own pace. Hopefully we will get an update form the company at some point next week. For me - the timescale is less important than they continue to progress getting a consortium formed to further develop the wider area. Remember the wording from the RNS: “a new well will target areas of hydrothermal dolomite down-dip from the current PAP#1-ST#3 well, which demonstrate enhanced connectivity and porosity and are therefore believed to be able to deliver higher flow rates. Increasing production rates will significantly increase the total volume of oil that can be commercially recovered from Garden Hill and, as a result, drilling the proposed well will improve the economic return from the lease. “ August looks like it could be the most exciting month we have had in the history of this company. #excitingtimes

[1barnes] 16/8/2018 10:52

I have made money on the share. What have you done loser? just post garbage over and over. Great life

[1barnes] 16/8/2018 10:51

You now spamming board to make your posts move down to hide what an absolute thicko you are? At least I can post my position and reason for being here. What is yours? Got no life?

[the patriotic irishman] 16/8/2018 10:45

whats that

did someone mention look more of a fool 😀


1barnes - 06 Mar 2018 - 15:02:41 - 7301 of 10633 NUOG
I will consider buy back in here at 0.8p just struggling to understand why a company that hasn't delivered a single thing but failures has a market capital of 15m very little cash if any left and plenty of debt anyone explain?

1barnes - 06 Mar 2018 - 13:29:41 - 7296 of 10633 NUOG
I actually have sent a detailed letter to the FCA containing all my concerns related to what has been going on and beaufort being the broker. This could all be unfounded and could come true that they do a project but you cant constantly say nearly there nearly there nearly there for years upon years upon years and just take take take money for no other reason than to line yours and close friends pockets

1barnes - 06 Mar 2018 - 13:24:13 - 7294 of 10633 NUOG
Lets pitch it like a sales job alan minty is the sales director he has done 0% of his target every year yet still has a job WHAT THE ACTUAL %$%" is this not criminal

1barnes - 06 Mar 2018 - 13:22:34 - 7293 of 10633 NUOG
Oh and half the shares the board do have they awarded them to themselves and keep 50% of the company in their hands away from shareholders so they will be taking most of the cake first after anything that is left to pay costs, debt, the consortium and so on

1barnes - 06 Mar 2018 - 13:20:20 - 7292 of 10633 NUOG
If a private firm operated in this way where a company has never made a penny in what 7 years now and just wasted millions whilst the employees were on 100k plus wages would they still be 1) running 2) in employment? NO! How can anyone argue against that. Lyates and Lasthrow you are aware that you hold more than the board of directors yet don't take a wage, they do and before you say they deferred any of this they haven't deferred it for the whole 7 years they collect expenses to and will be taking money



what's that I hear you say now 1barnes

hip hip hooray

25p soon

insiders and fools


yep still laughing

😂😂😂😂8514;😂ԅ14;😂😂;😂😂😂😂
28514;😂€514;😂㈳4;😂😂😂😂😂😂8514;😂ԅ14;😂😂;😂😂😂😂
28514;😂€514;😂㈳4;


loving all em insidious joined up dots


.. ..-. / --- -. .-.. -.-- / - .... . -.-- / -.- -. . .-- 😃

[1barnes] 16/8/2018 10:43

Noramps a member since 20th march 2018 only posted here. What happened just before 20th march. Oh yes the placing. So now we know why you are here. You and Irishman have really lost the plot today haven't you maybe time for you two to jog on and give it up

[1barnes] 16/8/2018 10:39

Who is underwater? I am not. Why you even bothered here? Very few are underwater, so another inaccurate post from someone who has no interest in nuog. When brazil deal signs you wont stand a chance of buying at prices anywhere near this. Just to make the irishamn look more of a fool...............Interesting that Dommo Energia, which owns a 40% minority share, is barred from participating in the decision-making process at Atlanta after failing to pay for its share of development costs” now understand the other field and urgent need.

[thecashmoney] 16/8/2018 10:37

I am here to protect the invested from your mis leading posts ,why are you here is the bigger question why don't you just go about your business quietly??? Why do you post nonsense??? I'll tell you why it's because you have serious problems,I wouldn't post half as much if it wasn't for you ,join them dots 😀