PremierOil,Nautical,Encore,Agora,Wintershall. Co-ordinated RNS’s

News just in; the above companies are thought to be  co-ordinating an RNS re’ the Catcher discovery.

Encore as operator have now Finished the DST and are believed to be discussing the results with the above companies expect an RNS without ANY warning due to the market sensitivity of its contents. It will be an immediate release……

Best analysis here is anything from this afternoon up 48 hours.

Could come ANY time!

Looking good for a further spike.

Daniel

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  1. alan says:

    Aren’t all such RNSs coordinated affairs then?

  2. Matey123 says:

    gcm dan?

  3. jason says:

    Dan,

    Don’t all rns’ come unannounced and without warning….?

    although they did say in their last rns that
    “The joint venture partners now plan to perform a Drill Stem Test (DST) with the principal aim of collecting both flow rate characteristics and sufficient oil samples for potential development studies. Testing is expected to take approximately 10 days.”

    that rns was released on the 3rd, so allowing some time for analysis & release of a rns….today/tomorrow would be a safe bet on its release.

    I hold npe so am hopeful of a positive update, but your comment doesn’t seem to add anytihng new.

  4. hashim says:

    Dan
    Your research on GCM seems out of sync with SP.

    Will there be any news this year?

    Thanks.

  5. oiler says:

    rns out and does well to recover to 12% loss after being through the floor.£2 base oh be still my beating heart.lol however im the biggest fool after being told to short this as the tip of the day and i didnt.lol

  6. Matey123 says:

    hey dan……..any further news on GCM resources

  7. LeedsBoy says:

    Come on Dan ! GCM ??

  8. LeedsBoy says:

    Come on Dan !! GCM ??

  9. Matey123 says:

    Your so-called sources said its a goer months ago…..what happened to them now……..give us an update on GCM.

  10. miopus says:

    Nostra Terra Oil and Gas Company plc

    (“Nostra Terra” or the “Company”)

    Austin Chalk re-entry a success

    16 June 2010

    Nostra Terra Oil and Gas Company plc (AIM: NTOG) is pleased to announce the results of the redevelopment work conducted on an Austin Chalk well located in the Giddings Field in Lee County, Texas, in which the Company has a 2% interest; as announced on 7 June 2010.

    A new lateral section extending just over 1900 feet horizontally from the original wellbore has been drilled into the Lower Austin Chalk. In an initial 24- hour flow test the redeveloped well produced at a gross rate of 994 barrels of oil per day (bopd) and 804,000 cubic feet of gas per day (mcfd). The well has sustained those production levels during the initial 3-day production period although we anticipate production levels to decrease in line with the relatively steep decline curves typical of the area and so will provide an update at a later date.

    The re-entry included the prospect of two different laterals. The first lateral in the so-called upper “B Zone” and the second in the lower “A Zone”. Within the first few days of drilling, indications of producibility in the B zone were so strong that the decision was made to stop drilling and put the well into production sooner. The drilling of the second lateral into the lower “A Zone” has been deferred as a target for a later date.

    The Texas Austin Chalk formation produces high-grade light crude oil and natural gas from a fractured carbonate of relatively low permeability, with the natural fractures in the reservoir rock acting as conduits for hydrocarbon recovery. The formation has undergone several periods of exploitation as new techniques have been developed to overcome low permeability. Most recently, horizontal drilling has proved to be highly effective in accessing more fractures from a single wellbore than is possible through traditional vertical drilling.

    Historically, Austin Chalk producing wells have delivered at high initial rates but with relatively steep decline curves, and this is also generally the case when modern horizontal drilling techniques are used. Nevertheless, the current well is expected to remain in production for several years before its output falls below commercial levels, and Nostra Terra intends to grow its presence in the Austin Chalk redevelopment play in view of the potential rapid payback and high ROI it can generate at relatively low risk and operating cost.

    Matt Lofgran, CEO of Nostra Terra, said: “Our first step into Texas is a very small one, but we are delighted with the initial results which validate our expansion strategy. We intend to build a significant proportion of our growing business by drilling horizontal wells in established sandstone and carbonate reservoirs like the Austin Chalk. Where appropriate and value adding, we will leverage existing relationships by partnering with other companies.”

    He added: “We recognise that some of these redeveloped wells will perform above and some below our expectations, but we will put each candidate well through a careful screening process to identify those with the highest potential and probability of success. We will then apply the most effective technology to maximise the profitability of those we select for redevelopment.”

    The technical information in this announcement has been reviewed and approved for release by Alden McCall, a consultant to Nostra Terra. He is a Certified Petroleum Geologist and a member of the American Association of Petroleum Geologists and the Society of Petroleum Engineers, among others, and is a qualified person as defined in the Note for Mining and Oil & Gas Companies, June 2009, of the London Stock Exchange.

    For further information contact:

    Nostra Terra Oil and Gas Company plc Telephone: +1 480 993 8933

    Matt Lofgran, CEO mlofgran@ntog.co.uk

    Religare Capital Markets Telephone: +44 (0)20 7444 0800

    Peter Trevelyan-Clark/Ben Jeynes

    Alexander David Securities Ltd Telephone: +44 (0)20 7448 9820

    David Scott/Bill Sharp/Nick Bealer

    Announcements made by the Company are available automatically by email to thosewho register at http://www.ntog.co.uk.

    For more information please visit: http://www.ntog.co.uk

    • miopus says:

      Dan – 20% rise at one point this morning. I know I’m contrary – but it didn’t smack of bankruptcy to me ! And neither does BP !

  11. Matey123 says:

    Why are you ignoring your dedicated followers….GCM update please DAN

  12. hashim says:

    Dan

    Is GCM your new TRP?

    Never mind. In future, triple confirm your sources.

  13. Matey123 says:

    Dan the man…….GCM update please.

    Dont knock him Hashim……he only made one mistake

  14. hashim says:

    Not knocking, totally. More like given it the kiss of death!

  15. Matey123 says:

    GCM Dan……its Friday and you are not being the leader we expected!

  16. miopus says:

    Dan

    Where is the promised information on GCM ?

    Surely you are not misleading investors and hiding from your public ?

    There seems to me to be a “welshing” on your agreement.