Tag: ntog

#ScumBag1 V #ScumBag2 Lofgran & The Nostra Terra Oil & Gas ‘Secret’ Payments to….. ‘requisitioner’, Ben(t) Turney.

Well where do I start with this one? It really is a shocking state of affairs over at Nostra Terra Oil & Gas (LON: NTOG). Every NTOG shareholder should be up in arms at the latest twist in ‘The Tale of Two #Scumbags’

The two ‘bad actors’ currently having a bun fight over the carcass of the company and the residual cash left have more skeletons in their respective cupboards than the Egyptian Museum of Natural History.

We all know the ‘form’ of ex estate agent Lofgrans 10+yrs of lies, deceits and corporate failure, using piss poor stripper well fields to flesh out the asset base to give the ‘impression’ of a vibrant young oil minnow, all the while self enriching himself with shareholder cash. Many were suckered in, especially in his early years. Including myself. Most also know the history of Ben(t) Turney. The former ‘Legal Highs Drug Dealer’ with more business failures than years (16+) I’ve served in jail….. Turney fled his creditors rocking up in Sweden, (Unlucky for them) eventually to be plucked off the UK Bulletin Boards by ShareProphets (Unlucky for us) only to be ‘eased out’ (Fired) by TW (Lucky for Tom) once his drug dealing to UK teenagers, was exposed by ‘Yours Truly’, on this site.

Turney, is the serial cretin behind the TWO requisitions to oust the corporate ‘Z’ team, headed by Matt Lofgran. On Saturday I received an ‘Admission’ via a third party, in answer to the question that I have sought to shine the ‘light of truth’ on. No such admission was actually needed by me. I knew 100% that he had been taking cash payments. Turney now ‘begrudgingly’ admits that for several years he has been on the payroll of NTOG, lining his pockets with shareholder cash, YOUR CASH! So, ALL those tweets, BB posts, DM groups and articles on ‘Valueless’ the markets, spanning years were all part of an undeclared covered up paid promotion. Well blow me down with a feather, NOT!

Of course his deluded mind is now trying to spin the undeclared ‘cash for ramping’ by pontificating on a ShareProphets podcast that he was “employed for several years by NTOG to ‘write their RNS’s’ (Ramps) and that he ‘resigned’ in 2019 due to a CONflict of interest”. Nothing to see here….

#Scumbag1

Turney spinning a crock of shit is nothing new. A fig leaf ‘cover up’ doesn’t cut it here and certainly doesn’t fool shareholders. The plethora of articles springing up on ShareProphets are a desperate attempt to deflect away from his own reprehensible behaviour. The plain undisputed facts speak volumes and are incontestable:

Turney took £10,000s over a period of years to ramp & support Lofgrans’ position. NTOG Company/Shareholder monies were secretly funnelled to him to facilitate, ramp and elicit investors, drawing in mug punters to buy worthless stock while deliberately concealing those payments with the full connivance of the CEO. When the cash stopped the ramping slowly metamorphosed into ‘requisitions’. Ben(t) is unfit to sell the ‘Big Issue’ never mind run a listed company, ZERO O&G experience, a known liar who finances his lifestyle squeezing the last few shekels from bombed out companies, such as Teathers & New World Oil & Gas (Eridge Capital). That’s what Turney has done his whole life. Rinsed money from those gullible enough or desperate to believe in a miracle.

#Scumbag2

These two loathsome creatures are now stabbing each other in the back, with claim and counter claim. The fight for the ‘Piss Pot’ (cash) is on. Turney doesn’t have a pot to piss in so is trying to parachute himself onto the Board, post a winning requisition, to claim the ‘piss pot’ prize.

They have many things in common. Both are religious nutjobs, both have the same christian name ‘Matthew’, both are serial liars, both have a history of utter failure, both are about as trust worthy as a junkie with the keys to the Dangerous Drugs Cabinet, both are only interested in rinsing cash, YOUR CASH, from NTOG into their respective bank accounts and both want to continue fleecing Nostra Terra Oil & Gas……

So, it’s Scumbag V Scumbag or to put it succinctly ‘Scumbags Choice’ for any Nostra shareholder who deigns to vote:

Vote #Scumbag1 Lofgran

Vote #Scumbag2 Turney

A vote for #Scumbag2 will more than likely entail suspension & delisting of Nostra. Shareholders will never see a single penny returned. Just ask Teathers & New World Oil & Gas shareholders who swallowed the Turney ‘Jackanory’……

A vote for #Scumbag1 ensures further dilution, value destruction, Tom Peppers galore and the eventual (12months) suspension & delisting.

What a fucking choice……

You were ALL warned many times on these two low lives

Chalk yet another one up for Daniel!

Viva

Dan

17 February, 2020
Nostra Terra Oil & Gas TwinWell Gusher? My Arse!!!!

Today is a wake up call for all the Mug punters who are currently ramping that well-known POS Nostra Terra Oil & Gas (LON: NTOG). Run by that well-known shyster the shorting CEO and proven scumbag Matt Lofgran. Who by the way pays the likes of Druggie boy Mr Matty Ben(t) Turney share-holder cash to write their RNS’s etc. Apparently they’ve struck oil at their Permian basin twin well drill……. Turney and his CONpadres have been bigging up the oil deliberately mis-leading the gullible and naive.

Now a word of caution to those who’re running with this ‘Jackanory’. Here’s a question that some seem to avoid answering. Just what do you get for $40,000 in the US onshore oil and gas market? Well here’s the answer. Stripper wells. Yes you get 53% of a stripper well field.

Now anyone who thinks that a well that has basically already been drilled by previous operators who decided to offload 53% of their field for $40K is a life changing gusher is in for a big kick in the teeth.

Ramping Bullshitter Lofgran!

The rule of thumb in the O&G space is thus; when a company hits a gusher they get the news out immediately. Because it is deemed by their Nomad, to be material and market sensitive. When as we’ve seen many times over many years, Such as #Angus Energy, #Range Resources, #UKOG #Mosman etc. A company doesn’t release the ‘Scores on the doors’ they prevaricate then that’s because the delay is caused ‘because’ the numbers are ‘Piss Poor’. When you’re involved with ‘PissPoor’ delays are caused by ‘artificial lift’ processes, pump jacks (Nodding Donkey) having to slurp up as much of the stripper well dregs as possible.

The numbers on previous production are circa 3.5bopd yes an earth shattering three and a half barrels of oil per day from the whole of the lease. So let’s just forward think this even at 100bopd #Shyster Lofgran get’s 53bopd which sharply declines. But in reality the company are telling people 25-35 bopd so 53% of 25-35bopd is what? Yes exactly not very much. Which is exactly what one gets for $40K in the good old USA!

You have all been warned.

Viva!

Dan

5 December, 2017
Nostra Terra Oil & Gas. 25,872,746 MAGP Have Vanished! Explanation Now!

It’s groundhog day every day at the piss poor Nostra Terra Oil & Gas (LON: NTOG). Todays expose is like all the rest a real shocker. So much so that I have emailed my research to their Nomad and the AIM Regulation team.

Quite simply where has 25,872,746 Magnolia Petroleum shares vanished too? MAGP shares are currently missing. Where are they? You can do the maths below. The simple fact is that there are MAGP shares unaccounted for. Maybe the shyster and shorting CEO and ex estate agent has forgot. It could be an ‘honest mistake guv’ or has he trousered them for himself or used them to pay off debts or maybe in the end of the long convoluted and disastrous deal that culminated in an embarrassing withdrawal of the Lofgran requisition letter, his shyster lying brain has imploded under the weight of telling so many lies? Who writes the RNS’s? Oh yes it’s Mr Ben drug dealing Turney! Not getting value for money there Matty! Some one has got some serious questions to answer. A full and frank clarification is needed here ASAP! We don’t want to hear that ‘David Blaine’ popped in to show you a few magic tricks either!

Missing MAGP shares. Where have they gone? Speak Up Scumbag!

Come on Lofgran speak up! Get out an RNS on what’s happened to 25,872,746 Magnolia Petroleum shares that you have failed to account for. How has your Nomad, Strand Hanson failed to pick up on this? Why was it signed off? I’m sure there’s a logical explanation. Pray do tell us all…..

Time line. On the 26th May 2017 NTOG supposedly bought 204,226,748 MAGP shares

https://www.investegate.co.uk/nostra-terra-o-g-co/rns/acquisition-of-interest-in-magnolia-petroleum-plc/201705261315014031G/

On September 4th 2017 NTOG announced they’d sold 26,354,002. This left NTOG holding 177,872,747 MAGP shares

https://www.investegate.co.uk/nostra-terra-o-g-co/rns/update-on-settlement-of-magnolia-shares/201709040700066937P/

On October 17 2017 an RNS Completion of Disposal of 152,000,000 dropped. Now you can all see the problem. There are 25,872,746 MAGP UNACCOUNTED for. The RNS makes it crystal clear NTOG has sold all it’s MAGP shares. But the numbers do not stack up. They are 25,872,747 shares light. Where have they gone?

https://www.investegate.co.uk/nostra-terra-o-g-co/rns/completion-of-disposal-of-magnolia-shares/201710171134298288T/

204226748 Bought

26354002 Sold

177872746 Left Holding

152000000 Disposed

25872746 Vanishing Shares!

Now I expect we’ll get some weasley worded clarification RNS spinning a tale etc. But I for one predict an NTOG Clarification RNS!

Viva

Dan

2 November, 2017
Nostra Terra Oil & Gas Same! Same! Ramp, Pump & Dump to Disguise MORE DEBT!

Oh what a difference a day makes… Yesterday the lying CEO of Nostra Terra Oil & Gas (LON: NTOG), Matt Lofgran the ex estate agent released an RNS. In yet another attempt to ramp the company share-price in-order to get the NDOG SP to a place that could allow him to pass the begging bowl around yet again. Make no mistake NTOG are desperate for cash and running on vapours. They will place as soon as they can get one away.

Liar! Liar! Shorts his own company! Secret Payments to Ben(T) Turney

The history here is one of total pump & dump, lies, ramp, secret payments to twitter supporters, shorting their own stock, placing upon placing, dilution upon dilution, consolidation upon consolidation, debt upon debt, flogging off assets to keep the lights on as well as failing to report the 50%/60% decline in East Ghazalat oil production, we’ve had the utter fantasy that is Pine Mills, a clutch of Stripper Wells onshore USA marketed as the next best thing since sliced bread. Stripper Wells are marginal wells deemed at the end of their economic life. Each well at Pine Mills is producing a few barrels of oil a day. They need constant workovers which again is capital intensive. The CAPEX spent by far out strips the return. They will never be in profit in the near, not so near or even the foreseeable future. Then there’s the ‘Eye of Sauron’, yes the AIM Regulation Team who’ve been inundated over the last 2 years with complaints regarding the Shysterism perpetrated by Lofgran. The exposes on shorting his own company, making secret payments to the self confessed drug dealer Ben(T) Turney. Jesus the list is endless.

The usual paid for mouthpieces were out in force tweeting and podcasting hammering the BB boards with the usual utter shite. The SP had a spike to way over 3p. Today the sp is in freefall as the reality of exactly what a hedging facility is and why they have to have it sinks in. They are taking on more Debt because they have no cash and production is down to slurping out a few barrels of oil out of 20/30 stripper wells. No revenues from East Ghazalat which is mired in legals, debt and accusations of fraud with a declining production of over 50%.

Nostra Terra Oil & Gas haven’t got a pot to piss in and on top of the massive Debt that they already have, they’re taking on more Debt. Their liabilities and historical losses are in the tens of millions of dollars. That is a fact. So the hullabaloo about a hedging facility can be summed up in a Nutshell. One of the terms and conditions to taking on yet ever more Debt is having the facility that helps to protect the Lender not the Company! A hedging facility works thus: NTOG pay fees to the provider of the hedging facility to insure that if the oil price drops below lets say $50 per barrel to $45 then the provider of the hedging facility makes up the difference i.e. They pay the shortfall which would be $5 per barrel. NTOG have to pay all oil revenues to their new Lender to not breach the new Debt Agreement and pay their hedging fees regardless of where the oil price is. Not exactly a game changer is it? Back to where you came will go the SP. Below 1.5p. Worth about 0.50p listing value only. Beware of the ever present danger here. They’ll Place as soon as they can get one away.#POS

It is yet another ruse to sucker in the BB poltroons and Melts. There’s ‘nowt’ quite like a BB Loon they’ll believe any old shite and pile in like the uneducated lemmings they are. Just another pump and dump. The dose of reality, although hard to swallow, usually takes a few days to be digested.

Which in turn helps to flush out the stomach and we all know what comes out the other end….

Viva

Daniel

27 September, 2017
Nostra Terra The Secret Cash Payments to Matthew Ben(T) Turney!

Just when Nostra Terra share holders think that it can’t get any worse it does. Today I expose what must be one of the most disgraceful and deceitful episodes in the history of the Alternative Investment Market and the codes of practice that CEO’s should adhere to and what the AIM regulators are there to enforce.

It is quite frankly an absolute fucking disgrace. It ranks as yet another low point in the history of the Nostra Terra shorting CEO and bare-faced liar Matt Lofgran. I take no pleasure whatsoever in exposing these ‘practices’ and do so solely as a warning to all those currently holding or looking to buy stock in this POS. If you are a Nostra Terra Share holder then you need to contact the company and the Nomad and the AIM regulation team and seek answers.

Documentation forwarded to this site has now been proven to be genuine.

Secret Cash Payments.

The CEO of Nostra Terra Oil and gas has been making ‘Secret Cash Payments’ of possibly tens of thousands of pounds to a well known internet scumbag to attack his own share-holders who had formed a share-holder action group, and to ramp his company via social media. This is wholesale market abuse and the AIM regulator now needs to step in and clarify exactly what has gone on here. The scumbag in question is Matthew Benjamin Turney, aka Ben Turney.

Emails seen by this site provide compelling evidence that thousands of pounds maybe tens of thousands of pounds have been filtered out of Nostra Terra to Turney. Those emails are emails from Matt Lofgran condemned by his own words. Copy’s are below for all to read.

Lofgran was suckered into making those admissions via a fake Ben Turney email address. The emails were forwarded to me. It has taken a long time to prove their authenticity. Which is 100% now proven.

Drug Dealer Took Cash to Ramp & Attack NTOG Shareholders

Lofgran admits that he has told no one but may have told the nomad. That Nomad has since parted ways, as the time of the Faustian Pact’ was way back in 2015. Lofgran also goes on to state that there’s no paperwork on the secret payments to Turney. “I don’t think we even have a consultancy agreement in place” four minutes later he confesses “By the way, never told anyone any amount”.

Questions now need to be answered and answered openly. The inference from those admissions is that the Board of Directors have been kept in the dark regarding secret cash payments to a well known failed businessman, self styled Private Investigator and former legal highs (Illegal Now) drug dealer, a man who chuckles at selling poisonous chemicals to teenagers, chemicals deemed unfit for human consumption and now punishable by up to 10 years imprisonment. When was this pact entered into? How much has been paid? How was it paid? Did Lofgran pay it personally? Did Lofgran use share holder money? Are there any ‘other such ‘pacts’ with other people? Why was there no paperwork? Why was the BOD kept ignorant? Are payments still being made? These are but a small selection of valid questions that must be answered. Make no mistake these are breaches of FCA guidelines and regulations. Lofgran needs to answer! You can read them HERE

Turney has openly attacked the share holder action group on bulletin Boards, his twitter feed is a litany of NTOG ramptasic horse shite. Paid promotion on behalf of the company. He has consistently promoted NTOG yet he has failed to declare that he has been receiving thousands of pounds of cash from the company. That itself is an abuse. Let alone Lofgran’s corporate failure to adhere to FCA guidance/regulations. Has Turney used Teathers Financial as a conduit for these secret payments? Has the money gone into Teathers or has it gone into his pocket? Again there is a myriad of questions that Turney needs to answer.

Silence

Both individuals have been contacted by myself many times, both have remained ‘silent’ this is the silence of people with something to hide.

Part of those requests also asked about Mr Michael Whitlow, aka Doc Holiday, if he had any financial involvement with Nostra. Mr Whitlow is mentioned by Lofgran in the emails, however much I dislike Whitlow, I do not believe a word this man says, after having personally met him several weeks ago he assured me that he had received no money directly or indirectly from NTOG. Evidentially there is no concrete proof linking him to this ‘Devils Pact’. So Michael gets the benefit of the doubt until such time as there is or isn’t proof.

I also spoke to many sources one of which confirmed to me that they knew Turney was taking ‘backhanders’ or payments from Lofgran/Nostra.

If I was a Nostra shareholder I’d be demanding answers. This is an absolute scandal and it needs to be addressed immediately with a full explanation to the market, the Nomad, shareholders and the NTOG BOD.

Lofgran has to resign. Nothing else is acceptable. It’s over to the drug dealer and the shorting CEO for their response.

Viva

Daniel

Damning emails. Slam Dunk! Below!

@*****.***> wrote:
>
> Matt
>
> Have you discussed the consultancy agreement and the fees with anyone outside of the Company recently?
>
> I’ve received 3 emails. One’s fairly accurate. Doc and I are concerned.
>
> Ben

On Mon, May 8, 2017 at 7:11 AM, Matt Lofgran <[email protected]> wrote:

No.

I think the only ones I ever told were the Nomad. Not sure if I ever told the broker.

By the way, I don’t think we even have a consultancy agreement in place.

On Mon, May 8, 2017 at 7:15 AM, Matt Lofgran <[email protected]> wrote:

By the way, never told anyone any amount.

25 July, 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 Terra Oil & Gas Open Letter to AIM Regulation and The FCA.

An Open Letter To The FCA & AIM Regulation Regarding Nostra Terra Oil & Gas (LON: NTOG)

I now bring to your attention yet more lies from Nostra Terra Oil & Gas. This is in addition to the voluminious complaints you have already received from many different former and current shareholders regarding what can only be discribed as wholesale market abuse by the CEO Matthew Lofgran, the former estate agent.

On the 20th Febuary 2017 the company released an RNS stating that it was ‘considering’ a placing and had changed its mind. This is a deliberate lie.

I received information from various sources on the 15/16/17 of this month that a full scale placing was underway. Brokers and bucket shops were confirmed to be contacting retail investors offering discounted shares in Nostra Terra Oil & Gas. That is not a placing being ‘considered’. That is a placing underway and brokers/bucket shops had actively sought to place stock to retail investors.

Lofgran was happily over-promoting his company to GULLIBILE UNSOPHIOSTICATED investors. He was actively tweeting, podcasting and briefing off the record to known P&Ders, while at the same time seeking to dilute and destroy share-holder and company value. That is a disgrace. Retail UK Investors should not be subjected to such calumny! In the Public Interest I exposed this chicanery and the placing.

The placing failed and as such Lofgran has not disclosed the reasons why the placing failed to attract investment. Instead he has lied through his teeth yet again. It is my understanding that firm commitments from some retail investors were withdrawn as news of the placing began to circulate. Again that is not a placing ‘under consideration’

If you check the recent over promotion and ramptasic horse shit that is being spewed out online by various well known Pump & Dumpers it is obvious to a blind man that this was in-part orchestrated by Lofgran to ramp up the Nostra share price to get the placing away.

This company has a history of utter failure on virtually every deal and asset it brings to market. The only people making money out of the company are the Directors and numerous corporate ticks. It is well past its sell by date and I urge you to investigate the lies now being perpetrated by Nostra regarding the failed placing. You and I know that this is an easy matter to clarify via brokers and placing letters.

Regards

Daniel Levi

21 February, 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