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Pine Mills - found 37’ of Oil & in production with 100bopd (limited) & no decline. Costs <$10pb
Cypress - doubled in size & 2nd well planned. Remaining average owned 100% by NTOG
Permian - near term prod’n. 15 existing wells. 3 planned redemptions. 6 addl wells
So @ 100bopd net base on monthly median price:
Jan $148,800
Feb $159,600
Mar $193,700
Apr $184,500
May $199,950
June $212,700
July $220,100
Aug $210,025
Sep $213,000
Total $1,742,375
If you assume ave of median monthly price for rest of year (being c.$63.75pb)
Oct $197,625
Nov $191,250
Dec $197,625
Total $586,500
Total annual $2,328,875
Assume $10 lifting =
Prod’n 36,500 bo x $10 = $365,000
Total profit $1,963,875
And so much more to come
Market Cap c£3m
Conservative 6 x $1.9m is $11.4 or >£8m (SP 1.16p)
Even if net profit was $1m
Conservative 6x multiple is $6m or c£4.3m (SP 0.65p)
Excluding NEW WELLS, PERMIAN & TUNISIA
Ooooh, havent had a new pump & dumper for ages here.....welcome.
Defo a placing coming. Roll up roll up, bring yer grannies with their cheque books.....yeeea hah.
Let’s all welcome new pumper Nick to the board
Looks like he’s taken over from Mr UNHELPFUL
Nicks been pumping away on twitter too.
@APathNotTaken
Wondered if that was him on twatter
Just looked in on twitter, some of the nonsense about Ndog on there is embarrassing
You will find a lot of losers on this board Nick, and you will find they tend to repeat themselves whenever they post. Wait and see what comes from them next.
The lifting cost on the Cypress well has $10 or less because there is no water or was no water to dispose of. That may or may not have remained the same: hopefully, it is the same.
On the rest it is between $16 and $20 a barrel lifting costs. The biggest cost on these wells is the electricity and after that water disposal. The well configuration affects how electricity is used: more electricity for an electric downhole pump and less for a pump and rods.
DYOR
Jog on back to RRR you c. o. c.k
Don't like factual information do you? Anyway, another one for you to cry into your tea over......
https://www.bloomberg.com/news/articles/2021-09-27/commodity-giant-trafigura-paints-bullish-outlook-for-oil-and-gas
Do the revenue figures on that one. Pity NTOG hasn't got any gas....
DYOR
They haven’t got any oil either !!!!’
As usual you are either uninformed or lying.
Try reading the last production update and the reserves report.
xx
DYOR
I am still here, No gas yet, but will have as soon as the Tunisia is up and running, share price is pushing up. xx
Hey Expert, wanna update us on your no oil estimates?
Tunisia or Cypress II next?
UNHELPFUL
The reserves are just numbers.
We’ve had all this previously over the years and until he has it out of the ground it means fook all
Ost of the oil for all oil majors is in the ground what's your point steel titan
This is a different fish now, very low market cap, we are at a depressed price, wait for POO to recover further.
Most I mean, 1p today, 2p tomorrow huge news
These are PROVEN reserves.
'Probable or Possible reserves have not been included in this assessment. The Company's producing asset Caballos Creek in South Texas has not been included in the Reserves or Senior Facility but is intended to be added in the future.'
Steely old boy, did you or did you not say no oil? The facility was renewed on the basis current production and reserves.
Why not take your bias, lies and losses and do one?
xx
Stretch looks to be the new resident pumper already. His wacky 200/300 % predictions and 2p tomorrow forecast lmfao
He’ll be gone by the end of the week
They may well be proven reserves , BUT for those who have only been here 5 minutes and have no knowledge of the FACT that we have heard all this years ago with other projects and proven reserves, which Lofgran still didn’t get out of the ground!!!!!!
Steely old boy, you need to go and sort out a cup of tea and a bit of a sit down. The carer will help if you ask.
More news coming...
xx
And were still NT Only
Unhelpful .. you had enough onthe RRR board now???
Back to pumping on here you foop