Hi,

What are peoples opinions of this company seems to be doing well, big demand in China:

http://news.bbc.co.uk/1/hi/world/africa/default.stm

Anyone holding this share?

Cheers

tescoma - if it's anything like your reccomendation of FRR I won't be taking much notice, twat

From the FT.com ............

David Stevenson: Into Africa
Published: July 17 2009 16:04

As investors begin to re-engage with risky assets, such as emerging market equities, it is fascinating to watch the slow rekindling of interest in Africa.

Late in 2008, the wheels came off the decoupled, uncorrelated markets thesis, which had suggested that frontier markets were uncorrelated with developed world stock markets and powered instead by domestic growth. In reality, supposedly inflation-proof commodity-based hard assets turned out to be hugely correlated with global economic confidence and appetite for equity risk. So, when demand fell, African mines started closing at a brisk pace. Everyone quickly dumped their frontier market assets. ...................

For example, Camec, the Aim-quoted copper and cobalt mining company, has spun off two London- listed businesses: AgriTerra (ticker symbol: AGTA) and African Medical Investments (AMEI). .............

http://www.telegraph.co.uk/finance/markets/marketreport/5852250/Miners-lift-FTSE-for-a-bullish-end-to-the-week.html

From the TELEGRAPH - MARKET REPORT

Miners lift FTSE for a bullish end to the week

The FTSE 100 stormed ahead on its fifth straight day of gains, rocketing up by 6pc over the week as investors celebrated Goldman Sachs' stunning results and "the most positive housing report in ages" out of the US.

Heavyweight mining companies helped the blue-chip index to its biggest weekly rise since January. Kazakh miner Eurasian Natural Resources Corporation (ENRC) was the top riser, up 41 at 762p.

Investors welcomed reports that ENRC could be in the running to buy Central African Mining and Exploration (Camec). ENRC has a wealth of cash on its balance sheet that needs to be put to work, said analysts.

Rumours swirled that Camec - CFM - could fetch up to 30p a share. Investors, however, appeared unconvinced and the shares fell back 1 to 15p following a strong rally earlier in the week.

Miners dominated the leaderboard. Xstrata jumped 28 to 690p, Vedanta picked up 61p to 15.02 and Antofagasta gained 22 to 671p.

Their strength bolstered the FTSE 100, which closed 26.91 higher at 4388.75. The mid-cap FTSE 250 closed up 26.55 at 7580.66. .............

Market report -Telegraph

i think (very much hope!) that the pullback yesterday was just end-of-week profit taking ...... volume was massive at about 34m
NY finished OK on friday, so with luck, London will open positively on monday in any case

300% gainer for me now :-))

TMC probably next one taken out now.

guys nostra teraa oil and gas /NTOG featured in rigzone for the 1st time

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NTOG Snaps Up 3 Oil and Gas Properties in Kansas
Nostra Terra Oil and Gas Co. PLC
|
Wednesday, July 15, 2009
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NTOG announced that on July 13 it entered into definitive agreements with Hewitt Petroleum, Inc. ('HPI') for the purchase and exploration
of three properties in Kansas, USA for an initial consideration of US $235,000 which has been paid in cash with US $25,000 of the balance due within 60 days of execution of definitive agreements ('Execution'), US $275,000 within 90 days of Execution and US $100,000 to be satisfied by the assignment by Mr. Lofgran to HPI of his working interest in another property known as the Perth field where HPI is also a partner.

The acquisitions and development plans fit within NTOG's new strategy announced on June 30, 2009 in which it looks to acquire assets in the USA to diversify from Ukraine into areas of low political risk, while acquiring properties of low geological risk with significant undeveloped reserves, with an objective of developing a stable, and steady cash flow.

NTOG's newly appointed CEO Matt Lofgran commented, "This is a critical turning point for NTOG and its shareholders. The properties we have acquired and are seeking to acquire have existing production, but more importantly proven reserves, which provide the opportunity for significant upside. In addition we have partnered with Hewitt Petroleum Inc, a proven operator and expert in these given fields. We are very excited about the quality of properties and relationships we are bringing to NTOG."

The properties acquired are as set out below:
Koelsch Field

A 50 percent working interest in two production wells and one salt water disposal well in the Koelsch Field, located in Russell County, Kansas. The working interest is subject to an over burden of not more than 22 percent. HPI has undertaken to deliver a recordable assignment of the assigned working interest within 90 days of Execution failing which a US $60,000 advance shall be repaid to NTOG. In the event the leases and wellbore are acquired the estimated costs for the deepening and reworking of the two production wells and the development cost for the reworking of the Salt Water Disposal Well are US $231,000 to be met by NTOG which will receive 75% net revenues until its actual costs have been repaid and thereafter 50%;
Hoffman Field

A 25 percent working interest in five production wells (of which two are plugged) and one salt water disposal well in the Hoffman Field, located in Barton and Russell County, Kansas. The working interest is subject to an over burden of not more than 22 percent. US $125,000 cash has been paid for the assignment of the working interest, with the balance of US $275,000 due within 90 days of Execution. The estimated costs for the deepening and reworking of the five production wells and the development cost for the reworking of the Salt Water Disposal Well are US $1,350,000 of which 25 percent is to be met by NTOG.

If revenue is generated from production on the project prior to NTOG completely paying for their interest then the revenue shall be adjusted on a prorate basis for the amount that NTOG has actually paid; and
Bloom Field

A 50 percent working interest in nine production wells and two salt water disposal wells in the Bloom field, located in Russell County, Kansas. The working interest is subject to an over burden of not more than 22 percent. US $50,000 cash has been paid for the assignment of the working interest, with US $25,000 of the balance due within 60 days of Execution and a further US $150,000 within 90 days. The remaining US $100,000 is being satisfied by the assignment by Mr Lofgran to HPI of his working interest in another property known as the Perth field where HPI is also a partner. NTOG shall have no obligations owed to Mr. Lofgran in compensation of the transfer of his asset to HPI. The estimated costs for the deepening and reworking of the nine production wells and the development cost for the reworking of the two Salt Water Disposal Wells are between US $1,820,000 and US $2,550,000 to be met by NTOG which will receive 75% net revenues until its actual costs have been repaid, thereafter 50%.

Under the agreements between NTOG and HPI, in the event that either party elects not to participate in the drilling, deepening, reworking or completion attempt on an additional well, such party will be deemed to have released and relinquished to the other participating party or parties all its right, title and interest in and to that well and the participating party shall own the relinquished interest free and clear of all obligations to the non-participating party.

APPL 82 revised joint operating agreements have been executed in respect of all three leases between NTOG and HPI (as non-operators) and Hewitt Energy Group, Inc (as Operator).



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oh i do so hate these spam posters! .... wish we could have them blocked.

anyway, so far so very good here this morning after just 15 minutes trading ...... after a non-event start, sp now 16/16.5 and 1m traded

Can you not give him the bennifit of your verbal abuse Cynic..... just like you give us :))

balerboy go to engel east europe n.v./EEE ive put some links into bulgarian property complex,s they have built and have sold total value 15.5m.disposal rns very soon.mkt cap 1.87m these sale alone are a 6/7 bagger.they also have other propertie,s globally.from accounts nav 32p hidden away at the moment.NO BRAINER

Report him to Ian @ moneyam

am quite surprised that there has been so little traffic on this thread for the last several days ..... sp is steady to firm and volumes remain huge ...... although the bid has yet to be quantified, let alone accepted, i would still have expected more interest

surely there has to be some announcement soon - doesn't there??????
once again, volume is well above the norm and throughout the day, bids for stock have consistently and significantly outweighed what is offered

the strange stuff continues ..... just over 11m traded already today and sp is a bit weaker, but still within the narrow trading range of the last week or so

A good knock out today now 13 / 13.25p - 1p
Indicators were pointing to the drop after reaching 16.75p

EUA news very soon. http://www.minesite.com/nc/minews/singlenews/article/eurasia-minings-new-russian-partner-gives-it-the-flexibility-to-get-involved-in-gold.html

33m (you read that correctly) traded today, and almost exactly matched buy/sell ..... bit of a hairy-scary ride which must surely come to its conclusion shortly

still no news but sp up 10% this morning at 16.0 mid, and was a bit higher still

a non-event rns today, but suddenly both sp and volume have come back to life pretty substantially ..... no more than an observation at this juncture

only 34m traded today, and though sp is nicely up, buys do not hugely outnumber sells