Nu-oil And Gas Share Discussion Threads

[thecashmoney] 14/8/2018 13:18

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

[taxibabe] 14/8/2018 13:15

cash money is a shergar crossed with Lord lucan and ladyblower

[nudog69] 14/8/2018 13:14

Must be top up time lol! 🤡✌A039;

[aussieswinger] 14/8/2018 13:09

Cash money you’ve been found out by all the obvious clues. Yes you have got time Kevjow,digibyte,racey,lady blower and now obvious the fake aker bloke posting on twitter. If you can’t see a placing coming then LOL probably sierra vista too (where are those pesky city boys in this steal of the century, the same place the ii’s are not touching this with a barge pole) Kev remember you industry insiders in Houston last year claiming the production casing for ghs was on order. Your next incarnation on social media should be lord lucan or Aldridge prior

[taxibabe] 14/8/2018 13:05

stop talking Shiite cash money and start counting your losses on digibyte

[thecashmoney] 14/8/2018 13:03

Looks like it's closer than we all thought, I still have my NEYMAR post ,which I said I would post on the successful outcome of the first project ,As you are all fully aware it has a Brazilian theme , because we all know that is very much the target area and we know the area produces very high flow rates ,I also have a pre development market cap of 130m as my research suggests that it will support a valuation as high as this ,that's pre development and only for one deal .WE know north sea is also in development.It will be a huge deal and you know what ,not one of you have the vision to see it ,it's a very very strong buy and anything under 1p is the give away of the modern era,( I am just glad you don't own shares because it will be extra extra rewarding watching you burn) ,CM

[thecashmoney] 14/8/2018 12:55

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] 14/8/2018 12:54

You need to keep taking the pills ,with your silly name Aussieswinger and your meaningless posts.I suspect you are also paranoid,you even think I am all these people really ?? I haven't got the time or the inclination.You keep posting on a share where you are not invested,now that is strange behaviour,but we have already established that you are indeed one very very strange cookie,lol

[aussieswinger] 14/8/2018 12:03

Cash money is also digibyte on Lse with his copy and past posting . So that’s confirmed Kevjow, digibyte, Racey runner,cm and uptrend/lady blower multi posters. Keep taking the pills

[barnes4] 14/8/2018 11:16

Where’s the NUwS that the pompous private punters forecast?

[aussieswinger] 13/8/2018 23:09

I don’t think they will delist. I’m sure they could get another placing easily away given the trust of the LTH’s for 10 years. Nothing to stop them placing for more money

[aussieswinger] 13/8/2018 22:14

There will be a placing before any deal imho . The podcast spelled it out. Alison kept mentioning how difficult negotiations are and it’s a pre cursor to the obvious. I can almost visualise the rns with ‘in depth’,’technical’,217;complex negotiations’ requiring more time to get it right etc etc and we will need another million to progress it blah blah. The podcast sounded like a lot of work or possible deals had not come to fruition. So you don’t even know what stage they are with this current attempt/s, because Simon threw in the non disclosure agreements lol . 10 years of dilution with zero is how they should be judged.

[nudog69] 13/8/2018 19:42

Any company that double place and produce f all are pure c/nts! All imo! Now after donkeys years they have produced nought bar 🥕🥕🥕🥕9365;🥕ԍ65;🥕🥕;🥕🥕🥕🥕
29365;🥕365;🥕㊈5;🥕🥕🥕🥕🥕🥕9365;🥕’;s 🐴 eeeeeeeawwwwww! 🤡✌A039;

[nudog69] 13/8/2018 19:25

🎃🦇💀 it’s coming! Beware of the carrot 🥕 da da daaaaaa! 🙀

[thecashmoney] 13/8/2018 15:27

No that wasn't to you , I liked your post today ,but I feel the game changer is the deal coming and making revenue before any working capital raise is required is something I would of liked to discuss .

[nudog96] 13/8/2018 15:21

thecashmoney - was that to me? My information is both balanced and inaccurate mostly.

It will be interesting to see if anyone can pin me to a pro or against camp.

[thecashmoney] 13/8/2018 15:13

You seem to have a mistaken identity,but it never stopped you posting mis leading information before,so I suppose that little fact will have no bearing on future posts lol

[rojelio1] 13/8/2018 14:57

I was under the impression that Seadog used to be Mbev and changed because of the constant trolling across various media. Also I am not aware that he has ever re-written a RNS in order that it suited his own agenda and then posted as quoted fact. I hope that the real Jonathan has more credibility and honesty when dealing with business customers in real life!

[nudog96] 13/8/2018 14:52

Wait - who am I?

[taxibabe] 13/8/2018 14:32

cash money = kevjow another serial ramper now barred from lse permanently