Re: Update, sounds good! Elena .. appreciate like TX2 youve been caught out in the past with Ntog but that shouldnt stop you investing in the future (guess thats why youre here after all?) and to quote from the rns....., The production casing has been run and the well cemented. The Company will proceed with completion, a production facility upgrade and tie-in operations, following which it anticipates putting the well put into continuous production .. if its not commercial why put the casing in? They had all the data from the last drill alongside and they also quoted they intend to put it into production. .. and guess what Pine Mills may be worth drilling a few more holes in as well... or are you just trying hoping for a lower entry point ??
Re: Update, sounds good! If you are selling seeing this RNS then you have lost the plot.Its Permian Basin that's mouth watering and not Pine Mills. Wait for more news on Permian Basin.
Re: Update, sounds good! Update does not give any meaningful figures.It may not even be economic.be wary of this oneNTOG's type of wells should be put into production straight away.I am glad I pulled out of here years ago when I did.I would sell up and take my money elsewhere.Good luck to those who don't listen to TX2.
Re: turned a corner Past history aside (and I appreciate lths) they seem to have latched onto the plan of buying into a drill ready plot .. ok so its not going to interest any of the big players but if they can secure a reasonable income and climb the ladder slowly it could do pretty well......
turned a corner It looks like we have turned a corner and can now look forward to good news with NTOG. The permian basin sounds promising and it will be interesting to get the flow rates from the new well. The share price has bounced up on the permian well news but we were at 3-4 already this year. That was before the Magnolia deal. We are ow out of Magnolia, at a profit, and have still good prospects in the Permian Basin.
Re: Looks like YUMMY.GO BABE GO."Permian Basin" & BP - This will take the market cap to 100 million.
Re: News flow Brexit.. a lot more to happen on that yet I would think .. ntog also if the rig is still on site and available could easily announce the next drill very soon. News flow over the next few weeks could be interesting and Id rather be in atm
Re: News flow Sold now. Share price was way too cheap. As for the future who knows. I will carry on watching but spending the money on FTSE250/100 brexit bottom catching... could be at peek bottom already but what I do know is that some of these stocks will recover.
Update, sounds good! Nostra Terra Oil and Gas Company plc("Nostra Terra" or the "Company" Permian Basin Twin Well - Total Depth and Results Nostra Terra (AIM:NTOG), the oil and gas exploration and production company with a portfolio of assets in the USA and Egypt, is pleased to announce that its well located in Mitchell County, Texas in the Permian Basin, (the "Twin Well", has been successfully drilled and logged with oil shows in all of the target formations. The Twin Well was drilled to a total depth of 3,200 feet encountering the following formations as expected; the Upper San Andres, Lower San Andres, Glorietta, Upper Clear Fork, Middle Clear Fork, and Lower Clear Fork Formations. The well intersected more than 113 feet of gross oil pay in aggregate across the target objectives. In addition, logging indicated potential commercial quantities of pay below the main target zone in the Lower Clear Fork Formation. The well reached the bottom-hole target as planned. Drilling was successfully completed on time and below budget. The production casing has been run and the well cemented. The Company will proceed with completion, a production facility upgrade and tie-in operations, following which it anticipates putting the well put into continuous production. Matt Lofgran, Chief Executive Officer of Nostra Terra, commented: "We're very excited for the successful drilling and logging of the Twin Well. We encountered each of the target oil-bearing formations that are productive in the area, including all those seen in the original well drilled by the neighboring operator. In addition to this well, Nostra Terra has numerous proven undeveloped drilling locations already leased in the same area. We'll seek to grow production and reserves significantly both in the Permian Basin, and other areas of our portfolio." Competent Person Disclosure John Stafford, a Director at Nostra Terra with over 35 years relevant experience in the oil industry, has reviewed this announcement for the purposes of the current Guidance Note for Mining, Oil and Gas Companies issued by the London Stock Exchange in June 2009. Mr. Stafford is a Fellow of the Geological Society and a member of the Petroleum Exploration Society of Great Britain. This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
RNS .. Drill started 6-8 days !! Target zones are known and infrastructure in place.. come on TX2 even you should find some positives in this...
Re: TX2 Thank you for pointing out my success.The shares are down around 90% since then when adjusted for 1000 for 1 share consolidation......I even pointed out the dubious record of their first drilling partner some years before that.Needless to say then shareholders lost their shirts.This company has been playing the same story,which you repeated for years.......
Re: TX2 Thank you for pointing out my success.The shares are down around 90% since then when adjusted for 1000 for 1 share consolidation......I even pointed out the dubious record of their first drilling partner some years before that.Needless to say then shareholders lost their shirts.This company has been playing the same story,which you repeated for years.......
Re: TX2 Thank you for pointing out my success.The shares are down around 90% since then when adjusted for 1000 for 1 share consolidation......I even pointed out the dubious record of their first drilling partner some years before that.Needless to say then shareholders lost their shirts.This company has been playing the same story,which you repeated for years.......
TX2 TX2 you posted pretty much the same thing as far back as 14-08-2014 why on earth are still here?? lol
Re: News flow AIM is littered with failed explorers who have all spent millions trying to prove up the resources and never ever getting to production.... its the gamble people take ... personally I like the plan of buying a small near term production site with infrastructure and permits in place ... they even know where the oil is .... and maybe (just a maybe) lths might get some money back.