Share Name Share Symbol Market Type Share ISIN Share Description
Nu-Oil & Gas LSE:NUOG London Ordinary Share GB00B29T9605 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.01p -0.99% 1.00p 0.98p 1.02p 1.01p 0.96p 1.01p 3,049,994 09:08:54
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -1.7 -0.2 - 12.19

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Nu-Oil & Gas (NUOG) Discussions and Chat

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Nu-Oil & Gas (NUOG) Top Chat Posts

DateSubject
24/1/2018
08:20
Nu-Oil & Gas Daily Update: Nu-Oil & Gas is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker NUOG. The last closing price for Nu-Oil & Gas was 1.01p.
Nu-Oil & Gas has a 4 week average price of 0.72p and a 12 week average price of 0.66p.
The 1 year high share price is 1.84p while the 1 year low share price is currently 0.26p.
There are currently 1,218,592,348 shares in issue and the average daily traded volume is 17,685,296 shares. The market capitalisation of Nu-Oil & Gas is £12,185,923.48.
20/12/2017
16:44
master rsi: A post from "mbev" from another place, makes you thing is not long before take off - 15p by end of March 18 Ozzie Sorry for taking so long get back to you - but I had to wait to get good connectivity. Here is my justification for the 15p realistic target by the end of quarter 1. I don’t do ramping - and if you look at my posts from last night you will see that I consider 75p quite a stretch here - and have said so. But 15p is a very conservative estimate that is grounded in reality. Along the way I will point out where you have misled investors. Garden Hills flow rate - 5p contribution. My estimates of value already consider an overestimate of PVF costs and include much higher transportation costs in the first year. It also uses an underestimate of the price they can sell this for - and we know that it sells for a premium. The tax and royalties position in Canada are taken into account (very generous) as is the company financial position. Therefore it’s at the very lower end of what investors can expect. The spreadsheet that I use is freely available for inspection to investors in the links provided by freeman pro or if you look at my posting history you can find it. What that clearly shows is that it would take just 800 bopd to give a 5p contribution to the share price. Given that this well has historically flowed at 300 bopd and we are expecting more this time and with an artificial life - that’s not too much of a stretch by the end of Q1. By the way, if we were to use your figure of 3000 bopd that would get to an over 15p contribution on its own - but that would be ramping! And note that just 200 bopd will cover NUOG operating costs completely. Garden Hills farm-in - 5p contribution. We know that negotiations are underway. If you look at the past history you will see that the field development plan included plans for a further 4 wells that tap into the sweet spot of the reservoir - and also are likely to get to a bigger resource. If the negotiations complete during the next quarter it will mean that PVF have got the funding, backing and the resources - so based up on the single well at garden Hills - another 5p on the share price is not a stretch at all. Part 2 Marginal field deal - 5p contribution. Remember this is now the raison detre of the company, so when they land the first deal the opportunity will get realised in the share price. But I’m not accounting for that, I’m planning on simple valuation. But firstly can I refer to you the capabilities of some of our partners? To remind you - you said “it would tae years to build the equipment” - yet if you look at the RNS dated 26 Jan 2017 with COSL Drilling pan pacific you will see that we have immediate access to a world wide network of jack up rigs. No need to wait to build something specific - so clearly misleading investors. Next you questioned the terms of the deals, but its pretty clear that you have not researched them - if you look at the RNS just mentioned and also the RNS dated 27/4/2017 with Calm Oceans Pte you will see that the terms of the financing are pretty clear in deals that are already renegotiated all of the costs and resources are being funded by the partners up front and being claimed during downstream production. And those partners are no small fry companies - they have the capabilities, resources and funding to back up their promises. so I’m confused as to you comments on the where the cash coming from - it’s pretty obvious - and a clear misleading of investors. The slice of the profit that the big boys take is also accounted in for in the deals - they get paid for their services - do your research please and read the terms of the deals - It’s all there in black and white. Now how much might such a deal be worth? Well it depends upon the deal - but we know that there are essentially two different models they are working on. First taking over a going concern. I’ll use the figures that you have ventured - a 5% gross override and I’ll use an existing asset that could be developed to demonstrate just how valuable that might be - take EL1070 for which we have a 5% gross override - if just one well gets developed pumping 5000 bopd that would be a revenue stream of over £3 million after tax and royalties and taking account of operating costs - that would add £60 million to the market cap - a 5p contribution. Pretty rubbish really? Those figures are pretty transportable across any deal they might strike for a going concern. Next is an equity based valuation if they acquire equity in a marginal field and have a plan to deliver it. They they can rely on 1p resources - so even if we were to take only 10% equity acquired - it would only take a field with 1p resources of 60 million barrels to get to a 5p contribution - and if you take Helvick and Dunmore where they will get 50% equity - which is a good benchmark - it might be even more. So whichever way yo look at it 5p on marginal fields is not a stretch in the next quarter. Part 3 and final In terms of your comments on further dilution, its your opinion, but I would point out that with garden hills going into production that could bring revenue fairly quickly - certainly within 3 to 6 months - and if they took over a going concern that would lead to immediate cash. SO in my opinion no need for dilution - On the loans there are no signs of shard wanting their money back immediately - they haven’t yet through the most difficult year for this company so why would they with all the potential here - and they will have access to way more info than we have. But you have also misled investors on the debt position too - more poor research there are two loans outstanding for around a total of £3million if you could be bothered to read the company accounts from last year you would find the information fairly easily. So there you have it - a clear and realistic route to 15p if they get garden hills flow rates (800 bopd with artificial lift), a farm-in deal landed and a marginal field deal landed. All perfectly possible in the next quarter, and an underestimate of what could be achieved. But you have clearly misled investors with your poor research on - capability and resources of partners - Terms of the deals with partners - How the MFDevCo business model works - The loan position I await your apology.
20/12/2017
14:59
cielos: Sounds really promising the way the share price is slowly improving today News of flow rates would be more promising, but we can wait for that. When we got the previous news we hit 0.95
18/12/2017
13:18
master rsi: The large lowering of the share price this morning has got the stock at the same level as the end of last month, creating a double bottom. Has bounce since the low earlier as there are large buying trades since, There is only 1 market Maker offering the stock so cheap. Very good Level 2 only 1 MM @ 0.73p next MM at 0.80p
05/12/2017
16:23
yogaboy: WHY NO NEWS IS GOOD NEWS There can be no argument that the recent share price performance has been disappointing. Having bought 5m @ 0.4 earlier in 2017, I held during the rise this summer in the belief that the good news was not only still to come, but was just around the corner. Now, at 1p below the summer peak of 1.8p, I’m torn between believing I’ve just lost £50k and thinking that at least I’ve still doubled my stake with more to come. The investment attraction of this share is that it will leap, probably multi-bag, on good news. Whether that’s a good progress report on PL2002-01(A) or an out-of-the-blue announcement of a sound contract by MFDevCo, only time will tell. When good news fails to materialise, investor indifference causes the price to slide. The news release of 31 March 2017 reads like a project plan with clear milestones: mill out the obstruction, test flow for 30 days, design and install lift system, and so on. Each milestone represents an opportunity for a further news release, keeping the share price climbing. Unfortunately there is no indication of a timetable, and I guess many investors were expecting the steps to fall much faster. The 30 November news release - eight months after the above - indicates that the first milestone has still not been reached, but on close reading I believe there is very good news between the lines: - Operations are advancing and the well test will commence shortly - translates as rumours that everything had stopped are untrue - Remoteness and bureaucracy mean slow progress - translates as we should not have assumed a faster timetable - There are no issues that compromise successful completion - translates as if there had been any, the company would have been obliged to announce them Add to those interpretations the explicit progress items noted in the release and the result is, in my view, a very reassuring announcement of good news. The market appears to agree, if with some caution. I remain confident that this will come good, and the patient will be rewarded.
30/11/2017
09:13
timw3: #NUOG 💥 100 million + 50% free carry. NOW compare that with the share price. 3p would still be cheaaaap📈28178;CRAZY!!!!!!!!
03/11/2017
14:26
master rsi: What to do at this price 0.94-0.95p? The Indicators are not pretty ready for the bounce meaning not oversold BUT the share price had a 68.2% retracement at this point @ 0.945p so no wonder buyers are taking stock in. retrace ( intraday high and low ) high 1.075p low 0.88p retracement 68.2% @ 0.945p It has been 2 hours without any sell, and every time offer goes to 0.95p buyers appeared
11/7/2017
23:14
darkglasses: Malcolm Stacey 'share prophets' analysis as follows: I'm getting a feeling of deja vu with Nu oil and Newfoundland. There seems to have been far less mention of the sort of flows that could be expected from this well. Going back to the original RNSs from when it was flowed in 2013, they showed that it was flowed for 214 hours and produced 1,731 barrels of oil during that time, with a 44% water cut. Open hole flow rate was 310boepd, but there were some expectations that might increase once load water had been flowed out. Operations were subsequently suspended due to ‘unforeseen mechanical issues’. Even if they do manage to get it flowing now, then once costs have been recovered by PVF, and assuming similar flow rates to before, that doesn’t suggest that there will be an awful lot left for Nu-Oil, certainly not to justify the 300% or so rise that we have seen in the share price in the last couple of weeks – given that it has added around £12 million to the market cap of the company. Yes the company may soon be at a stage where it is producing a relatively small amount of oil net to it, but it is hard to see that justifying a market cap of in excess of £16 million. I certainly wouldn’t even be considering buying at the current share price of 1.6p. Definitely one to avoid at this level.
12/3/2017
20:35
ride the wave 1: Taken from LSE 27/2/17 (options rns day). The 48m options which are at 0.6p to be exercisable within 5 years and only then after a 9 month lock in process are for salaries not taken up from the past. Nigel Burton as an example is getting none as a reward since he only joined in Nov 15. So as an example Alan Minty gets 12m at 0.6p. If exercised today that would be £72k. However if the share price was to hit say 5p then that would be £600k. No one is going to say no to that! If Minty was just going to take £72k then he has only taken possibly less than he would have had he taken a wage in the first place. So for the directors the objective is to get the price high enough to make good use of the options. If we took Minty again as an example based on his previous options of 5m, exercisable at 16.4p, that would have brought in £820k. Now assuming again he is targetting that value into the next 5 years, he will need to see a price of around 4.1p to get the same resultant incentive from his total 20m options made up of reward and incentives. This means that we can say that the minimum target that the directors are placing on NUOG into the future is 4.1p and the tops would be lower than 16.4p (otherwise they could have kept those previous options intact instead of cancelling). I think what some want from NUOG and what is realistically achievable is slowly beginning to sink in. For me this shouts volumes.... OK there is a little dilution but ultimately the directors are awarded options at a decent premium... This means they will be working extra hard to get the share price up so that they benefit from the options.... We know that they are working on a aquisition, so when news lands we will get a nice spike in the share price ... Directors will no doubt want the share price higher when their options are due to be exercised.... Quite obvious they didn't take wages at some point last year but kept working as they had belief in the company . People wanting that lower entry point will be out in force today based on the misconception this is bad news , but in fact its quite the opposite and those options provide an incentive for the hard working directors to get these deals over the line. I mean nukem with his 20 post history posting today and of course you will see others. If the bod are owed wages and they have taken options above the current share price then that should tell you all you need to know about where they see the future share price Jmo I’ve looked at the LSE chat and I guess there are several points: 1 Options are of no value until the share price rises above the exercise price, so at the moment these are worthless 2 Directors have been given options not shares, so for example if the share price reaches 1p Direc
27/2/2017
16:49
easwarareddy: The 48m options which are at 0.6p to be exercisable within 5 years and only then after a 9 month lock in process are for salaries not taken up from the past. Nigel Burton as an example is getting none as a reward since he only joined in Nov 15. So as an example Alan Minty gets 12m at 0.6p. If exercised today that would be £72k. However if the share price was to hit say 5p then that would be £600k. No one is going to say no to that! If Minty was just going to take £72k then he has only taken possibly less than he would have had he taken a wage in the first place. So for the directors the objective is to get the price high enough to make good use of the options. If we took Minty again as an example based on his previous options of 5m, exercisable at 16.4p, that would have brought in £820k. Now assuming again he is targetting that value into the next 5 years, he will need to see a price of around 4.1p to get the same resultant incentive from his total 20m options made up of reward and incentives. This means that we can say that the minimum target that the directors are placing on NUOG into the future is 4.1p and the tops would be lower than 16.4p (otherwise they could have kept those previous options intact instead of cancelling). I think what some want from NUOG and what is realistically achievable is slowly beginning to sink in. For me this shouts volumes....OK there is a little dilution but ultimately the directors are awarded options at a decent premium...This means they will be working extra hard to get the share price up so that they benefit from the options....We know that they are working on a aquisition, so when news lands we will get a nice spike in the share price ...Directors will no doubt want the share price higher when their options are due to be exercised....Quite obvious they didn't take wages at some point last year but kept working as they had belief in the company . People wanting that lower entry point will be out in force today based on the misconception this is bad news , but in fact its quite the opposite and those options provide an incentive for the hard working directors to get these deals over the line. If the bod are owed wages and they have taken options above the current share price then that should tell you all you need to know about where they see the future share priceJmoI've looked at the LSE chat and I guess there are several points: 1                    Options are of no value until the share price rises above the exercise price, so at the moment these are worthless2                     Directors have been given options not shares, so for example if the share price reaches 1p Directors would pay 0.6p to the company to exercise and have a gain of 0.4p if they sold3                     The value of 8m incentive options is £32,000 if the share price reaches 1p, which I imagine would make everyone happy4                     The options could not have been issued if there was a price sensitive announcement imminent5                     This would suggest that Directors are now free to purchase shares, although whether they will and when is only speculation6                     The reward options are for salary not paid in the past, including prior to the CEO joining in 2015. These options will only be worth anything if the share price goes up7                     The options give the Directors strong incentives to deliver projects which benefit the share price
27/11/2016
09:23
the patient investor: Nigel seems a decent man. He answered me on Sunday am!! Dario, Thanks for contacting me. As you’ll be aware, I’ve answered the same questions 3 times already yesterday, and your friends have posted my answers on the LSE bulletin board. I’m sorry you find my answers weak, but if you were a Director of an AIM listed company you’d understand what we can, should and cannot say – others have found what I say reassuring. I’m afraid I don’t understand the logic of your point about the timing of the announcement and placing – once the Aibel agreement was signed we were obliged to announce it as soon as possible, and did so. We could not have announced the placing at the same time as it was only after the market reacted to the announcement that it became possible to raise funds. You suggest that we could or should have raised funds before announcing the Aibel agreement, but the rules about price sensitive information mean that would be impossible. Whilst you are right that any placing causes dilution, these funds are needed to be able to implement the business plan so it was clearly in the interests of all investors to raise funds – the fact that, despite the slide in the last 10 days, the share price is still more than 5 times the level for most of August and September suggests that the market understands that too. Now that I’ve given you and your friends the fullest answers possible I don’t plan to make any further responses given the imminence of our results announcement. Regards, Nigel Burton Chief Executive Officer NU Oil and Gas plc 077 8523 4447 Nigel.Burton@NU-OilandGas.com From: P Sent: 26 November 2016 22:39 To: Nigel Burton Subject: NUOG's future Dear Mr Burton I am a share holder of your Company. I believe in your business model. The agreements with key operators in the industry published by you in the last months sound very promising. They are amongst the reasons why I invested in your company. However, discussing with other fellow shareholders we feel a great degree of disappointment and profound concern on how you are conducting your relationship with us and the market. There are various disappointing facts that are rather discouraging, if not worrying. First of all, we are not happy with a total lack of financial commitment by any of the directors. We would welcome an explanation of this. Your financial commitment will give you some credibility and us some reassurance. Not having invested your own money because you are in close period, ahead of results, is a ridiculous excuse. After 14 months you and the BOD should have developed some conviction about what you are doing, about the company your are leading, and the true potential of your projects. The fact you have not invested is worrying. Secondly, the share price’s decline seems unmotivated, considering that no official detrimental news have been published to trigger this decline. It is of great concern that you have not taken any action in giving the market an explanation for this decline. A simple statement of reassurance would have reduced this problem. It is very common practice in many companies. It was in your power and it would show that you care about your share holders. You failed to take this simple but potentially very beneficial action. Thirdly, they way you managed the publication of your placements, was badly timed, to use a euphemism. You published great news on the 5th of October which triggered a spike on the share price which encouraged many investors to buy and the day after you came up with your first placement/dilution news which destroyed the price. Not a very "elegant" move. You could have done it in a different way, very easily, by combining the two news. There was no honest logical reason for not doing it. There was no honest reason to use that sequence. There was no urgency to publish the news of the Aibel deal on the 5th. The two news together would have probably cancelled each other. Or, should you have reversed the order of publication it would have been even better. I am not even going to mention that you came up with yet another placement just a week later. Beyond belief. You showed total disrespect for the inevitable damage to your shareholders. I would welcome your feedback and, as we are disappointed about the endless delay of an update to the market of your activities, we would appreciate if you could rectify this situation soon. I am aware of your reply to one of our fellow shareholders. Quite a weak reply with very vague statements. Saying that there is no point in publishing minor updates is wrong when you know that share prices are hugely supported by reassurance of the market and by the general positive sentiment induced by a caring directorship. Especially, I am stating the obvious, when the price is in free fall. Again, you failed on this point too. You may say you have no official obligation to perform any of the actions listed above. You may be right. However, I believe you do have the obligation to work in the interest of your shareholders and doing what you failed to do would have proved that you do care about them. Thank you for your attention. Best wishes.
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