Tag: East Ghazalat

Nostra Terra Oil & Gas Confidential Doc’s Reveal East Ghazalat Deceits!

I don’t know how many times I’ve said this, it’s like groundhog day. “Just when Nostra Terra shareholders think it can’t get any worse it does”. Once again yours truly exposes the utter shambolic management of one of the biggest Dogs on the London AIM. It is in the investing/trading public interest that I publish this material to protect the gullible! Come on down Nostra Terra Oil & Gas (LON: NTOG) and receive your metaphorical kick in the testicles on behalf of the hundreds, nay the thousands of UK Private Investors you the shorting CEO Matt Lofgran (the man who makes secret cash payments to twitter buffoons who sold poisonous chemicals to kids to ramp his stock) has fleeced for literally millions upon millions of pounds!

I’ve held off on this Major Expose for nearly 9 months. So read on as I reveal and publish Documented confidential information that was being passed between the NDOGS East Ghazalat JV and their Partner and operator North Petroleum the Chinese operator. It’s a long epistle so get the popcorn in.

Documents passed to this website reveal a damning list of wholesale lies and deceits that Lofgran has and is still perpetrating on his own share-holders and you can bet your house on it that the Nomad wasn’t informed of the true situation. How do I know that? Because if he’d told the Nomad they’d have forced RNS’s, elementary my dear readers….

On the 17th of Jan’ 2016 the East Ghazalat JV received a Notice of Default from ‘North’ see below. They hadn’t been paying their end of the cash calls since November 2015. The JV partners were pestered for some 8 weeks by North for payment, but some 3 days later Lofgran, who must have known that a default notice was served issued a ramptasic Operations Update RNS, 20th January 2016, it is 8/9 days after receiving the Notice Of Default that Lofgran then updates on 25th Jan’ 2016, that the Operator, North, had served notice of a default and had invoked the provisions of the Joint Operating Agreement (JOA). When was the Nomad told? That is one of the many questions that the shorting CEO must now answer. Lofgran knew on the 17th of Jan’ 2016. How do I know that? Because in a letter dated 24th Jan’ 2016 & received by North & date stamped by NORTH. See copy———————————–> It states it was served electronically by email on the 17th of Jan’ 2017

I cannot believe that the Nomad sat on this for 8/9 days AND allowed them to release a ramptastic RNS about Egypt! It beggars belief…

However this pales into insignificance when readers read on and find out that the situation was so bad that the JV Partners had attempted to SELL their stake back to North on December 15th 2015! The letter states sic> “We are now considering the sale of our 50% interest sic< and invite NPIC (North) to make an offer for this entire non-operated stake” I publish that letter below. Now bear in mind that at this time both of the JV Partners were telling PorkyPies to the market via upbeat RNS’s over a prolonged period of time. Again was the Nomad aware of the attempted sale? Was the NDOG Nomad aware that Lofgran had attempted to sell a stake that he’d been telling everybody was ‘super dooper?’ How many UK investors has this fooker hoodwinked telling them how great East Ghazalat is while actually he was in the shit and trying to flog it?

But yet again it gets even worse… Fast forward to the 31st of Aug’ 2016 a letter is sent to the Chairman of the Egyptian General Petroleum Corporation (EGPC) asking for help, in that letter the JV Partners confess that “Alex Maleas who is the General Manager of PetroSafwa & Petro Amir sic> Has publicly announced that in his view East Ghazalat is NOT ECONOMIC at oil prices of less than $70 per barrel” Maleas actually works on site at East Ghazalat! In that letter there are a whole host of allegations made against employees of North demanding to know who they are and how much they get paid. It’s a lengthy letter so I’ve only posted 2 sheets, the most damning and important point

is that Alex Maleas, who works for North, is paid by North, states that East Ghazalat is not economic under $70 per barrel. This is contrary to everything UK NTOG share-holders have been spoon fed. So what is the truth? Remember at the time Lofgran is still assuring the market making upbeat comments via RNS’s and the usual pumpcasts ramping NTOG on well-known P&D platforms such as Vox Markets, London South East, Share-Talk & twitter etc. When according to this letter East Ghazalat isnt viable. It’s no wonder they couldn’t make the ‘Cash Calls’ and have had to deceive investors in-order to befuddle them into parting with their cash! This is whole sale fraud and deception! Again was this information known by their Nomad? There are so many questions here that it’ll take some explaining away and no doubt the usual bullshit from Lofgran will be rolled out. But wait it gets even worse!!

The provisional budget for 2016 was, I kid you not, $13,483,384 dollars! Half of that if that was spent, is owed by Nostra, obviously minus their revenues but it is still a hefty debt in the millions of dollars and on top of that there’s a ‘Contingent Budget’ for cost overruns of $2,843,500 dollars!!! Remember production has fallen off the cliff it is down by at least 50%. There has been no RNS on the current BOPD. Why? Because quite simply this would crater the already cratered share-price and add massive dilution to the placings. Make no mistake there will be yet another Placing here as soon as the scumbag running the CONpany can get one away.

So too all those who have taken the NTOG ‘shilling’ the brokers, the analysts, the Nomads, the pump & dump platforms and every fooker who continually ramps this POS, I say to you ‘hang your heads in shame. Shame on you all!’ Shame for being involved in such shenanigans for a few ‘shekels’ were good people who work their fingers to the bone trying to make a few extra pounds via trading/investing have been lead such a merry dance for so long… You all must have known or at the very least suspected… Shame that it takes some one like ME, to expose such dastardly deeds… I warn you all, CEO’s, Directors and Brokers etc. You come on the BMD Radar I will light you up like a Xmas tree on GuerillaInvesting, twitter & every social media platform there is. Don’t think a solicitor’s letter or indeed High Court writs have any impact on Daniel Levi. The truth will always win in the end.

So what can investors do? Well you can all hope and pray that some where along the line some one or some thing takes 10% and kicks this lying, deceitful shambolic CEO out on his skanky arse. The Nomad should investigate immediately! NTOG should be suspended! Lofgran is on a promote he’s recently been tweeting that all is going very well (More lies) and he’s even tweeted that he’s in the Egyptian Dessert and how beautiful it is, now there’s a double entendre if ever there is one. Is this the same east Ghazalat exposed above? Or is it another one in a parallel Universe? His woeful attempts to use twitter ramps, hence the Dessert tweets and Vox markets pumpcasts are a sign of desperation. He needs cash, Your Cash, and he’ll do and say literally anything to get his filthy hands on it. There is little hope here when the man at the top is consistently fucking up ad infinitum. That’s because no matter what he does Matt Lofgran is cursed, yes cursed, as I know all too well you consistently lie, cheat and steal then Karma with a capital ‘K’ comes knocking. I’ve lost count of the amount of times this POS has been exposed….

As for Lofgran everyone with half a brain knows he’s a POS. The AIM Regulator will be receiving ALL of this and more Documents. You can explain to them…. I hope they run you out of this country. Don’t forget kiddywinks you buy in here you get wiped out within months……

If you have any information or suspect malfeasance or want to WhistleBlow on ANY company YOU can forward the info/docs anonymously to: [email protected] Confidentiality 100% guaranteed.

And that ladies and gentlemen is why I’m ADVFN International Financial Blogger of 2017 LOL!!!!

Viva

Daniel

7 September, 2017
(BNS) Brokerman News Service Zenith Energy & the ECHO connection…

Operations at Zenith Energy (LON: ZEN) are finally beginning to bear fruit. Todays RNS on their well M-195 workover is very good news for the Company and its share-holders, you can read that RNS by clicking HERE.

However it’s not todays good news that I’m writing on it’s the rumour/s that Zenith Energy are in detailed discussions with Echo Energy ((LON: ECHO). Now I don’t know what the discussions specifically involve but using my powers of northern common-sense, rather like Sherlock Holmes, it’s elementary my Dear Watson… Zenith must be after the Echo East Ghazalat 25% concession. We know that it’s up for sale, we know that it’s currently producing circa 100 barrels of oil per day and we also know that it’s in legal dispute. And we also know there’s other production opportunities on assets in that portfolio.

There’s no chance of the current holders of the concession ever sorting out the problem which they created. But there is a good chance that if Andrea Cattaneo, ZEN CEO, gets the asset he’ll be seen as a ‘clean pair of hands’ and will be able to quickly remedy the dispute with the new top Chinese official now parachuted into Egypt to sort out the dispute. Cattaneo is a smart cookie and well known as a man who can negotiate. Just look how he’s ended up in Azerbaijan with a field now on it’s way to producing 1,000 barrels of oil per day…

Now here’s me thinking out of the box. What could possibly be the deal? Well I’d expect that cash and ZEN shares or some form of future cash payback once the dispute and production is sorted out and back on track. Revenues currently owed to whoever gets the asset amount to circa $1.3M, sadly this is offset by the Chinese operator claiming production expense of circa $2M, but this like all bits of the dispute, can be and will be negotiated down by the right ‘clean pair of hands’. Now here’s a thing if ZEN offer ECHO shares in the deal then obviously Echo Energy would become a Major Share-holder in Zenith. There’s one thing I do know and that is that Echo would rather take ‘/cash/paper/promissory note’ in a genuine producing oil company than a Toxic POS like Nostra Terra Oil & Gas. Now if Echo were a major share-holder in Zenith what would they do with the stock? Could they then go on to buy them out or stick a Director on the board or maybe just quietly sell, who knows but it’s an interesting discussion I’ll be having with many a source this week. I’ll be in London Wednesday.

Viva!

Daniel

5 June, 2017
Nostra Terra Oil & Gas ClusterFook of epic proportions. SELL! SELL! & SELL!

Can it get any worse at the POS that is Nostra Terra Oil & Gas (LON: NTOG)? The answer to that question always seems to be ‘Yes’. The Company are consistent in one respect. That is failure. Nostra are a serial failure run by an Ex estate agent from the USA. Who doesn’t have the Deal Flow, expertise or the common sense to run a small oil company. He’s totally out of his depth. Come on down the shorting CEO Matt Lofgran. Not only has Lofgran lied regarding stock ‘loaned to YA Global (the well known shorting crew) he has consistently with-held market sensitive information most notably on their 25% in the nightmare that is East Ghazalat in Egypt. Readers of Guerilla Investing will be all too aware of the disaster that has unfolded.

Sources indicated to this website a travesty of gargantuan proportions…. Production has now more than halved, not so much as a peep out of Lofgran regarding the steep decline in oil. No revenue has been received, ever! Pump jacks have failed on some of the wells, again not so much as a peep, cash calls from North, the Chinese operator, have gone unpaid by Nostra Terra, an Oil field service Company (Lufkin) was owed close to $1,000,000 in January 2016 and had refused to supply any additional equipment. The JV has basically accused the Chinese operator of Fraud. They’ve also accused them of technically poor work!

Currently Nostra Terra are in full default for a sum that is way in excess of monies owed to them. Nostra refuse to recognise the default. It’s a case of the tail trying to wag the dog. You do not go in guns blazing dictating to a National Chinese Oil Company demanding that they justify their track record, employees, costs and expenses while at the same time telling them that their technical ability is ‘shit‘. It is a clusterfuck of epic proportions and it will only end in tears for any one daft enough to keep holding this stock. Of course you could wait for the collection of stripper wells that is Pine Mills, to come good. Yet another batch of sucked dry piss poor assets used to flesh out and divert attention from this shitty aim disaster! Or you could wait for the next Placing, The recent one had to go cap in hand to pump & dumpers who paid 2p per share. Of course these are now ALL underwater! lol! Karma….. If I was them I’d cut my losses and get the fook out…..

North has now questioned the legality of the consortium. A notice of default was served on them by their Chinese Operator on 17th January 2016. Nostra hadn’t paid a single bean since November 2015. That position has not changed. The Nostra Terra JV owes millions of dollars in unpaid cash calls to North! North are deliberately allowing East Ghazalat to run down because the JV is not paying its share of the costs. Adding insult to injury Nostra and their JV partners have tried to replace North as the operator!!! You can’t treat a National Chinese Oil Company like this!

In January 2016 the General Manager of PetroSafwa clearly stated the asset was loss making unless the price of oil was $70 per barrel or higher!!! PetroSafwa are the joint venture operating company!!!

Of course all of this has been deliberately keep from Nostra share-holders. It’s a bomb shell Lofgran has hidden from the market! Nostra Terra are out of control and in the grip of Pump & Dumpers….

With the re-launch of Independent Resources as Echo Energy (Echo Energy (LON: ECHO) there was a chance that this major disaster could have been resolved. Echo have bigger and better things to progress with their time and have washed their hands of the whole Egyptian Nightmare. It’s known that they are actively in negotiation’s to off load East Ghazalat asap!

It will take a new JV partner whose not tainted with the NTOG association to sort this out. There’s no chance, after close on 18 months, that Lofgran, whose responsible for the failure can do it. He should resign immediately.

Viva

Dan

2 May, 2017
Nostra Terra Oil & Gas. Abandon Ship. It’s out of control!

Just when you think life at the disgraceful Nostra Terra Oil & Gas (LON: NTOG) couldn’t get any worse yesterday they announced a keep the lights on placing for £500,000 part of that embarrassing ‘barrel scrap’ is being raised through the Teathers crAp oops sorry the Teathers App. What that should tell investors is that Nostra Terra is ‘out of control’. The current Board of directors are a joke. Where is the independent oversight from the Board? Having to go cap in hand to a busted Company for a bail out placing!

Placing

I’ve consistently warned people that they were after a placing. Indeed it was this site that exposed their last cack handed placing that cratered Read HERE. You know the one where Lofgran said; “A placing of new stock was in contemplation on 17 February 2017 but that the board of Nostra Terra has decided now not to proceed with the placing” the truth of that was this. They couldn’t raise the cash because there was no appetite and the share price had gone below the placing price. It blew up!

Leaking of Inside Information

It’s blatantly apparent from yesterdays drop in the SP prior to the after market close RNS that NTOG is being influenced by well known Pumpers & Dumpers. Matt Lofgran, a man who has deceived investors for years and even loaned HIS stock to YA Global to short his own Company to the detriment of his own share-holders, has lost control of the Company. That drop in SP was a leaking of inside information on the placing. It should be investigated.

When a CEO, who is mired in controversy, has to rely on such desperate measures as using an online App to raise cash, at a discount and throw warrants in to pull them out of the financial cess-pit to keep the lights on for another 3 months then the end is nigh folks…. 12 people used the App! Who were those people? P&Ders! It is bankrupt morally and even more importantly close to financial ruin. There is very little left in the kitty. It is close to Bankruptcy. Where has all the money gone? £500K will get them another 3/4 months before they have to raise capital yet again at a discount. Investors have lost count of the amount of placings this POS has done. The figure in pounds sterling must be in the tens of millions. The erosion of value here is running close to 90% post consolidation which doesn’t take into account the previous dilution over 7 years. It is horrendous. It is a scandal. The regulators should step in and close it down.

The Egyptian Nightmare.

NTOG Investors Sucked Dry!

The failure of Lofgran to inform the market that production from Egypt has halved is yet another pointer as to the duplicity of this Company. That is market sensitive news that should have been released months ago. It is deliberately being with-held to keep their share-price up. Nostra’s 25% East Ghazalat production has more than halved from 220 bopd to approx. 100bopd. No revenue whatsoever has come from Egypt. The Chinese operators are claiming drilling costs that by far exceed any revenues owed. Nostra Terra are in Default.

Bomb Shell

However it’s only going to get much worse. News has reached me that shareholder cash has been used to pay online known internet Troll/s to deliberately attack their own share-holders who have a right to question the omnishambles that is Nostra Terra. This is absolutely disgusting! Share-holder money is being used to attack their own share-holders. I have contacted NTOG and the parties involved via email. Their failure to respond speaks volumes. I will give the Company and the parties involved till Monday 24th of April 2017 to clarify exactly what has happened. If no reply is received then I will drop the bomb and expose all.

Anyone holding stock in this POS should cut and run and get as far away as is humanly possible before the next P&D and the next placing. Protect your cash, take a loss now as it’s only going to get much harder to exit. I see no value whatsoever other than shell value. Their liabilities and historical losses by far out weigh the market cap’. 1p is generous.

Abandon Ship!

Viva!

Dan

20 April, 2017
Nostra Terra Oil & Gas Egyptian Cover Up! Omnishambles!

Once again I write on the utter omnishambles that is Nostra Terra Oil & Gas (LON: NTOG). I urge every one involved to contact The FCA, AIM Regulation & their Nomad to demand clarification on what is wholesale market abuse.

Nostra Board Meeting Egyptian Style!

As part of my attempts to bring some skin into Sefton Resources I moved within hours of the Independent Resources announcement last week. My interest was regarding asset/s that may or may not come on to the market for sale. I discovered, after speaking to the operator/s and various interested parties that production has basically HALVED at East Ghazalat. That production decline has been going on for months. Not so much as a peep from Lofgran or their Board. Nostra have deliberately withheld market sensitive information on a steeply declining production rate in Egypt. It is a ‘Cover Up’ of material facts that should have been reported to the market and shareholders.

This explains the Company’s change of tact in ‘Canning’ reporting production figures to the market. I also learned that the company maybe close to a default on the assets in Egypt which are the subject of an on-going legal dispute, a clusterfook of epic proportions.

The failed placing, which was exposed in the public interest by myself, has now lead to a change of Broker. Come on down Smaller Company Capital Limited. A tiny bucket shop broker with nine clients. Wonders never cease, the broker of a well known Pump & Dumper who has a history of twitter trolling and barefaced lies. And it just so happens, coincidently… One of the ramptastic morons who regularly talk utter shite about Nostra! And yet again the same man is in regular contact with Matt on twitter, via email, podcast and telephone. What a ‘Coincidence’!!!

Remember the rule of thumb. Change of Broker always comes because they’ve exhausted retail appetite from the previous Broker. Expect a placing here.

Viva!

Dan

15 March, 2017
Nostra Terrible Oil & Gas RNS Translation Service.

Todays RNS seems to have caused quite a kerfuffle amongst the die hard Nostra Terrible Oil & Gas (LON; NTOG) Pump & Dumpers.

On the face of it getting out of a $1,300,000 liability for $100K looks like good business. Sadly this is yet another smoke and mirrors exercise from the disgraced CEO Lofgran. The CEO who loaned 150,000,000 of his own shares to YAGlobal to assist them in shorting/destroying his own shareholders & company value. You can read all about Lofgran’s despicable betrayal HERE.

Reading todays RNS it slowly becomes apparent that all of TransGlobes liabilities pre NTOG taking their 25% stake in East Ghazalat have now been transferred to NTOG & their partner Independent Resources (LON: IRG). Those liabilities are a ticking financial time bomb. Here’s why. For a company big or small to waive a hard cash $2,300,000 payment in exchange for off loading their liabilities on an asset, they sold, must mean that there are liabilities. If there were NO liabilities then they wouldn’t have agreed to the deal.

The question now is just how big are those liabilities? We know at the very least they are $2,300,000. The release of “TransGlobe from any potential warranty and indemnity claims, which it may have had under the original sale and purchase agreement, and indemnifies TransGlobe in respect of any claims, which may arise from TransGlobe’s prior ownership of East Ghazalat.In return TransGlobe has agreed to forgo the outstanding $2.3 million balance on the Loan Note and any claims for accrued interest since completion of the acquisition in October 2015.”

Looking at it from TransGlobes perspective they are now totally out of the frame on liabilities that could come in at tens of millions of dollars! And liabilities there must be because common sense dictates that TransGlobe would not give up $2,300,000 in cash if there were none. A smart piece of business on their part and yet another act of desperation by the cash strapped Nostra Terra & it’s cash strapped partner IRG.

So here’s a few questions for Matt Lofgran. How big are the liabilities you’ve just indemnified Transglobe from? The liabilities start from $2,300,000 and as with all unknown liabilities in the oil and gas sector it most certainly is much higher than $2.3M! It could be in the tens of millions of dollars which is why TransGlobe agreed to todays deal . Let’s take a guess. Will you be booking in those liabilities on the next set of accounts? Answer NO. Another question; Egypt has a controlled currency. Why have you not informed the market that any cash coming from Egypt is paid in Egyptian pounds and cannot be converted into dollars unless the applicable State/Ministry authorise such?

Mired in debt, no production money, rotten business practices and a CEO who helps to short his own company. Stay well away from this POS.

A ticking time bomb.

Viva

Dan

28 September, 2016