Nu-oil And Gas Share Discussion Threads

[thecashmoney] 15/8/2018 18:25

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] 15/8/2018 18:23

It looks as though my comprehensive research was getting a little too accurate and before I ended up posting even more of my research links, I have been persuaded to sign on to the insiders list. It means I am now restricted from trading.

I am going to have to stop posting copiously on this Board - I hope that you understand - but I cannot risk mixing up my research and insider information. I’m sure the pond life will not miss that of course - but to all the genuine investors out there, thanks for the banter and support over these past 12 months. People can always look through my posting history if they want.

I will keep calling out the pond life for posting false or misleading information.

GLA (genuine investors) - not that you need luck.

PS - Wow! Looks like this is going to be even bigger than I predicted - the long wait we have endured is definitely going to be worth it. And there is so much to this too - the post by Lyates back in March of 6+1 makes so much more sense.

[taxibabe] 15/8/2018 18:09

we all know there are multi ID accounts operating here and on the LSE. Does this impact on the investment case for NUOG? Ans I don't think it makes any difference. NUOG, like a any story, will always attract the unscrupulous and dodgy but that is life and make no real difference. Either they are lying or there is a deal simples! Interesting that this however has surfaced as an issue when it has been obvious for years now

[thecashmoney] 15/8/2018 18:03

I am ,David Greece, David lenigas, tony Blair and Spartacus as well ,oh and sometimes I post under rubberchickengloves ,so that's me and nudog come clean ,now it's time for you lot ,with your multi IDs , join them dots then insidious dots 😀

[noramps] 15/8/2018 17:54

[e-mail],

You are banged to rights. Everyone knows who you are. Try and deflect as much as you want to.

[nudog96] 15/8/2018 17:39

Also I post as Harryshang, DB27 and BT so I pretty much everything sewn up ;)

[nudog96] 15/8/2018 17:37

...or am I!! *twilight zone noises*

[nudog96] 15/8/2018 17:36

I am Bimon Sygrave, FrankTiny, Danny McRitter and nudog96.

[thecashmoney] 15/8/2018 17:35

Bob Smith into the equation too ,I thought I was talking to different people as well ,they should be ashamed ,I only have one account they have all them ,it's a con job to relieve people of shares , probably some broker who is desperate to get shares ,join them dots them insidious dots ...../.......//////......😀

[1barnes] 15/8/2018 17:29

Clear they are and obvious they are on lse to! Tweeting as Bob Smith as well.

[thecashmoney] 15/8/2018 17:26

So Irishman , noramps and taxi are all the same person , ingenious lol , so they attack me accusing of multi IDs ,while they play the game themselves ,it just gets better and better , join then dots then insidious dots lol

[thecashmoney] 15/8/2018 17:22

Aussieswinger aka oilsparten, the most prolific ramper of them all on this share ,is still concerned about production piping ,don't tell me it's drilled short,just can't let it go can you ,let go ,let go and you'll feel so much better .

[1barnes] 15/8/2018 17:21

Is this all you lot do now just accuse thecashmoney. Just like other boards, attack anyone with a bit of intelligence and positivity. Starting to think aussieswinger patrioticirishman and noramps is one and the same. Just as barnes4 is nudog69

[aussieswinger] 15/8/2018 17:14

Cm I can see the games being played by the underwater so my money is not at risk. Your multi-Id personality, well Ben stokes lawyer would struggle to get you off those charges. That production pipe from Houston is taking its time? Insider blah, secret hard handshake, cut of his jib. All tosh. Podcast screams delays and Pvf car crashing deal on garden hill. Yet still the ii’s and city boys are yet to preempt this deal of the century

[thecashmoney] 15/8/2018 17:13

It looks as though my comprehensive research was getting a little too accurate and before I ended up posting even more of my research links, I have been persuaded to sign on to the insiders list. It means I am now restricted from trading.

I am going to have to stop posting copiously on this Board - I hope that you understand - but I cannot risk mixing up my research and insider information. I’m sure the pond life will not miss that of course - but to all the genuine investors out there, thanks for the banter and support over these past 12 months. People can always look through my posting history if they want.

I will keep calling out the pond life for posting false or misleading information.

GLA (genuine investors) - not that you need luck.

PS - Wow! Looks like this is going to be even bigger than I predicted - the long wait we have endured is definitely going to be worth it. And there is so much to this too - the post by Lyates back in March of 6+1 makes so much more sense.

[thecashmoney] 15/8/2018 17:11

Welcome back lyates is it time to be getting excited,as we close in on transformational news ???I could do with some help here on this BB lol , but really I wouldn't change it for the world.Its like the big short eh , only I saw it coming lol (and a few thousand others who hold these beauties ( oilsparten quote ) lol , as he would say it's about to blossom lol

[aussieswinger] 15/8/2018 17:09

It’s the incessant and desperate ramping and rumour mongering from the nudge nudge wink crowd that is keeping it from sinking without trace imo. You have to laugh, every conceivable trick is being used all over social media to try and pretend this is the deal of the century LOL . I think seadog/mbev said “it’s the deal of the year on aim” 😂😂😂😂8514;

[thecashmoney] 15/8/2018 17:07

Is that all you got multi IDs lol , there is only one cashmoney ,but keep posting your nonsense it has me rolling around laughing,Right so today we have insiders who hold big holdings saying that news is close ,add that to company announcements of short order,end point excited times,nudog 96 announcement s and much more ,but still we have the doubters,I can see the only thing that will starve you of oxygen is the announcement itself .Then we will have the ohh I didn't see that coming lol ,but clearly you did because I've been dropping hints for the last few months.So better get them new IDs ready now , because the shame will be too much to bare for some lol

[taxibabe] 15/8/2018 17:05

1barnes it made back half what it lost yesterday on low volume despite furious ramping on the LSE. Not sure that qualifies as a major result?