GC Trader
27 Jul 2017
Re: LSE BUT the curved ball, will come from other area(s) and in quite short order as has been indicated by AM in responses to other holders.curve ball...? INTO lives on...but I say bring back Tej... he was always good for an 'inside' (cough cough) jackanory...who could forget all those logistical challenges (ahem) and delays when last operating in NF...4 years on... are we still waiting for the tools... yep it certainly was a crackerjack...
SierraBravo
27 Jul 2017
Re: LSE LT,Ignoring mf for the time being and just musing some numbers (obviously folk can adjust them as they see fit) we know:-take off contract was wti - 8%Lifting costs were 8$Transport 23$Happy to be corrected on these of course.So this gives a netback of approx $12.Assume pvf spent 1m then the first 84k barrels go to them. After that nuog are getting 6$ barrel.So if it flows at 300 then there is 9 month lead and then nuog get 650k $ per year.Were it to flow at 1000 it is 3 month lead time and 1.8m $ per year.Current admin is around 800k plus 500 ish unpaid directors fees. So the higher figure would cover that and prevent further dilution. A good place to beObviously then to capitalise further development of NF and MF could be done to come to fruition over time and with the costs covered. All they need is for the 1000/day to become a reality which is, in my view, unlikely.Though 300 odd if achieved gets them a decent way towards it.
Viminal
26 Jul 2017
Re: LSE "...if that's the right word to describe the newbies!"'Gullible' could be another word, a single word. Or a few more words might be "..lacking in research as to how this company (Enegi/NUOG) has operated in the past, has time and again failed to deliver in the past in relation to numerous 'endeavours across the globe' and yet has retained a loyal cohort of interesting posters with interesting posting histories'.Of course all that very useful info has now been lost with the folding of Enegi. But who were one of the last great saviours in the frozen northern lands who were going to make the well boom..oh yes..Schlumberger..that small scale outfit...also remember Newfie and the interesting posts about the geology.Why even Intorbit saw through the Enegi on the end and his evangelical zeal left him as the cold light of day finally hit him. Even he gave up on the talk of the 'special information' and 'special meetings' that I see are starting to appear again.All I see here are the desperate to convince talking to the desperate to succeed. It truly is groundhog day.Buyer beware and do not hang on for pots of gold at the end of the rainbow. I made nice profits out of this at 18p + in the Enegi days. As Push alluded to below -this is one to be played and played very carefully. Take profits while you can and do not hang on to the end as I can assure you the end has, in the past, always been painful.And finally before I too get back under my stone, beware the snake-oil salesmen with their comforting words.Snakes bite. All the best (Caveat emptor).
last-throw
26 Jul 2017
Re: LSE Hi SBApologies for not acknowledging your post sooner but I've only just had a butchers!I agree with your sentiments apropos the 3p equating solely to Newfie BUT the curved ball, so to speak and in my view, will come from other area(s) and in quite short order as has been indicated by AM in responses to other holders.3p is now a very magic number for me as it gives me £1 million which more than covers my investment here, so anything more becomes really life-changing BUT at 67 there's probably not much life to change now!!!!!!That said, I genuinely believe that when it breaks 3p it could seriously motor on to much higher numbers - even double figures maybe - especially now its developed something of a fanzine ...... if that's the right word to describe the newbies!LT - life transforming mebbe!!!!!!!!
SierraBravo
24 Jul 2017
Re: Mfdevco proposal to strike off Mfdevco accounts here:-[link] 800k "spent" over the year. Some of it booked as capitalised development cost, some accruals.I am not sure who agreed to invoice services rather than take asset equity. But it doesn't really matter. They still need the success case to get paid.What is not visible though is who currently "owns" what share of which assets whichwould be nice to know since nuog owns half the shares.
SierraBravo
24 Jul 2017
Re: LSE Hi LT,It may be worth remembering- with a mkt cap of 60 mln and a strong result expected from ghs the sp hit 2 quid those years ago. With 100% of the field.- In the success case strong further growth was expected.- with an sp of 3p that would imply a market cap some 3/4 of the above on effectively a half of the field.But it is sentiment from participants that drives the sp. Not any form of intrinsic value. On any sort os decent result i expect you will see 3p. New holders may also drive it up considerably higher. But keeping it there will need good ongoing news flow.
Work2Rule
22 Jul 2017
Re: LSE Tuaca just had a look and wow! It reminds me of iii not so long ago. Oilspartan getting a hammering despite having a good handle on Garden Hill's history and geology imo.Mfdev news got to come soon
last-throw
22 Jul 2017
Re: LSE meant to hit STRONG BUY - sorry!LT
last-throw
22 Jul 2017
Re: LSE Hi TuacaWhilst being very sceptical about some of the numbers being bandied around on iii, I can see this doing 3p in the near term, especially on the back of even a relatively low flow from GHS.After that, who knows?LT
Tuaca
22 Jul 2017
LSE Alot of crazy talk on LSE better not read that again i may start believing it myself
SierraBravo
20 Jul 2017
Re: Mfdevco proposal to strike off Though not yet published on the ch website the accounts are now filed and the proposal to strike off rescinded (verifiable from ch search).No idea why it got that far. A small chance the contents of the accounts might shed sime light.
SierraBravo
18 Jul 2017
Re: About time this woke up! It does seem to be holding up pretty well.Current mkt cap is about 14 mln so a 10 bagger would be 140.Highest market cap was around 60 mln.Things do tend to overrun on success but that would be quite some overrun. An sp up there would get me short - except i cant short it....
SPOKY
18 Jul 2017
About time this woke up! Nice to see it rising from the ashes, about time we see some positive movement.Come on Minty, so much promise and no concrete achievement...It's understandable, that many have had their fingers burnt and wished they never invested in the first place. (But they must have done it for the same reason investors are doing so now, the upside potential) The exploration business it's a cut-through business and it's either glory & millions (dreams of 10 bag) or disappointment, move on to next possibility.I also believe, that if we have assets that can generate cash instead of further loans or dilutions, that's where the company should concentrate their efforts...Good luck...I'll continue to top up as and when I have funds believing Minty one day will deliver...
Tuaca
18 Jul 2017
Re: not much to say He is in Houston living on Black Spruces abandoned oil rig waiting for it to sail to Newfoundland, apparently they were going to section him as some days he can be seen climbing the mask naked and shouting obscenties to all the dock workers below.
GC Trader
18 Jul 2017
Re: not much to say ''make money out of Garden Hill then progress the marginal stuff, it was simple''NF would be a good starting point for a growth strategy and it all sounds very VERY simple...but FIRST...you have to know what you are doing...sadly...with your main man Minty... when it comes to Oil & Gas... he hasn't got a scooby bloody doo...whilst on the flip side...he sure knows how to keep himself and his prodigal boy afloat and awash with cash though...its good here innit...anyone seen the spaceman of late...
