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Just did a small top up must be over on ISDX. Holding only 4m @ average 0.03.
peckham - even worse than that, he's not holding any NCT shares imo (he's been asked so many times but refuses to say either way - he could have said yes I bought some but it was a massive mistake, like he said about his shareholding in RRR ) - so he's here because of his holding in RRR. The RRR board are sick and tired of his de-ramping, so he comes here. Very sad. Why on earth did NCT involve RRR, lol Once NCT turns the corner he'll be gone. That's the plan : )
If your bothered that much, sell your shares, I'll know you have when a trade for ten Bob goes through. Good luck at the dogs.
up 16% - down 5% - spread all over the place - volume still very low - 90M shares adds up to just £28K...... (triggering stop losses - anybody who wants to keep their shares should remove stop losses....the MMs can see these and drop it like a stone and bingo, they get what they want....punters then end up having to buy back at a premium....usual MM tactics..)
someone taking their 10% from last week
on the other hand some peoples Stop loss called be triggered. with the bid price drop.
don't like this price drop, does not make sense.
I reckon there's a big order being filled... Hence the drop in the ask... Boom time coming imo
Cfep lowered his ask.... Could just be a typo....soon as he realises we can get back to 16pc up.
Keeping the bid though.... Deter buying encourage selling.. That mm is trying to meet an order. Imo.
4 on the ask.
Nice to see us blue.. Let's hope the next RNS is written correctly #NCT @northcoteenergy @StBridesP Please remember RNSs can be like 'Golden Tickets' & need to be checked thoroughly before release. #enoughsaid If N Duke' gets this right, and it's looking that way ATM, then I'm happy to sit back and watch this play out.. Her predictions were based on technicals, let's see what happens when some company changing news is thrown in..
reza - the current market cap is plain silly imo; but also sentiment plays a massive part in AIM as we all know; I suspect sentiment will spike nicely soon - not talking about a technical spike in the world of Nicola Duke, but a spike on fundamentals.....
DD77 - benefit of hindsight great thing, and yes it could easily have worked out but it didn't. Funding really wasn't the issue there. But no point dwelling, more important plays in the offering right now. Not talking about SC. I have said before where I think the future focus is - MX services. I suspect we are going to see some Board changes any day now. imo all for the better, if that indeed happens.....plenty of rumours flying around on that front....
said once this breaks 0.04 next stop is circa 0.08...........so the temperature rises....!
obvious it will climb back to .05 .06 soon
MMs will take 30M at 0.031....no problem : )
and buyers around; Mr M - you wanted to know when buyers were paying over the last placing price. Now is the answer. Did you by some? Still bargain basement imo
The move to chase MX onshore was I think a mistake and cost NCT a lot of money. Money which should have been directed at completing the Remediation Plant. Anyway, we are where we are; NCT have weathered the down turn, OK at a cost but we are still here, unlike many O&G minnows. imo there is huge upside from here.
I want them to get the SC acreage off Indigo. The Area of Mutual Interest (AMI) covers just the Wilcox but in Indigo's SC acreage there will be Frio and Cockfield targets as well as potential workovers. Indigo is much bigger than NCT and the SC gig is just too small for them to be interested. It would be wonderful if we could do a deal with them.
Yeah just a shame they sold down our holding in SC to fund a pointless foray into MX eh?
Orslega, the customers will be on monthly invoicing so that ties in with 60-90 day terms
labratt - Mr M won't be happy that you're talking to the company, but I'm definitely in favour of a good dialog; imo there is potentially a very obvious reason why it is possible they are not saying anything further at this point. I'll give you a pointer - is there the possibility in their extensive workovers carried out - 4 I think in just the last few weeks - that they have identified other gaseous zones where NCT does not have complete control over the acreage, so they might want a bit more? Commercially that would very sensitive, if true. Just a thought but would explain lack of detail at this point. RNS said".....additional exploitation opportunities of well bores with re-entry potential in gassier pay zones holds substantial potential to generate additional low risk, low cost revenue at Shoats Creek Field." The other point I'd make is that the Aminex Circular on sale of Shoats Creek to NCT makes lots of reference to capex needed to exploit the proven resources. Aminex stated they did not have the capex needed to do drilling - one of the reasons for selling (but they had lost interest by then - Tanzania being their focus); however, what Aminex failed to say was with new drilling techniques etc low cost, high impact workovers were alternative route to shore up the SC field. As Helpful said, and I also a note somewhere, NCT have identified another 15-18 workovers at SC.
LM14 was nice but what I thought what was significant was Robert Cain #1 and Robert Cain #2. It looks to me that on those two they didn't need to do anything except turn them back on and test them. Robert Cain #1: 72-hour test, 10-15 barrels of oil per day and natural gas at rates of up to 100 Mcf/d •Robert Cain #2: 72-hour test, 30 barrels oil per day and natural gas at rates of up to 350 Mcf/d I don't know for certain but I think NCT's NRI on those is 56.25% so at 45 barrels per day: marginal cost $10; net $38 that gives NCT circa $960 per day for not doing very much. That is $350k pa plus the gas on top. There are two other wells where I think NCT can just turn them back on and get producing. It is also important that they now have the SWD capacity: trucking was costing $3 a barrel. Fingers crossed.