Member Info for NorthernMagic

Here's hoping they can start to make some great progress now and that all the background work Ara have been carrying out will now start to change gear too.

Atb to all the long suffering LTH.

Northern

That Zephyr include in their RNSs. If they deliver shortly after all well and good but without news imho the sp tends to drift sideways of lower.

If they can get that CPR published soon and why shouldn't they then great, they(via their new vehicle Hawke were supposed to be assessing 30m dollars worth of possible acquisitions - again they say this but no when, so unfortunately you start to have doubts.

Anyway, it's a new month let's see what news we get in the next few weeks.

Atb,

Northern

Few months. So, bring it on CH and impress us but more particularly let's get that production moving and impress the market.

Atb,

Northern

Doesn't mean anything. It would however be a massive boost to us LTHs who have been here so long if we can get that pipeline news soon.

We live in hope.

Atb,

Northern

If they have a 100m dollars available to make acquisitions - have I misunderstood something.

I'm always a bit sceptical soon when an RBS is issued at the end of the day.

I really didn't expect this there doesn't seem to be an intention to include shareholders either.

Seems an odd move - like I say have I misunderstood something?

Atb,

Northern

The momentum going in the coming week.

Exciting times.

Atb,

Northern

Brilliant! lol

Atb,

Northern

Loving the breakfast analogy. Hopefully we can get things cooking and get the bacon and eggs all in the pan then move on from breakfast to a nice dinner!

Atb,

Northern

The delays will also be of more concern to Ara Petroleum. Hopefully Ara will be in touch with the TPDC to get things moving., as the longer the delays for Ara the longer their profits from this project are delayed and even though Ara have lots of money they will want to see those profits sooner rather than later.

Fingers crossed for news 're the pipeline soon.

Atb,

Northern

Thanks for the reply newtofo,

I think what I'm getting from your reply and my own gut feeling is the more positive news the higher the acreage value will be and other events will add to this value. Having said that I suppose at any given time it will be difficult to know what that value is but the more good news from all parties the better.

I think it's just a matter of waiting for further drills and hopefully their very successful results and see where that takes us.

Atb,

Northern

Just wondering based on what was posted on here 're one of the reasons to invest in Falcon was #3 relating to the cost per acre.

At the time I believe 150 dollars per acre were paid and was the first indication of the cost per acre.

So, my question is - do we need to wait till someone buys up further acreage to get a valuation of is there some other way to see a valuation for the acreage and hence the possible near term valuation of Falcon?

Atb,

Northern

2025 to get to the stage where they had nearly completed deciding who would be granted the pipeline contract and we were told we would be shortly heading who that was. Well it seems like three months doesn't fit the definition of shortly. Hopefully we will get to know in the next three months. The AGM should provoke some interesting questions this year.

Atb,

Northern

Well it is a Thursday.

Atb,

Northern

Hopefully the more publicity from all companies drilling with positive results then that positive feedback will be good for all companies in the country. I suppose the driver for the sp is positive results and these results become the norm then presumably things will get better and better - I suppose the tricky part then is deciding when to sell shares or when there will be a bid for the company.

Atb,

Northern

I think we all get frustrated from time to time, especially when there are time intervals between certain events and we expect faster progress with the linked effect to the sp. Again, I'm sort of saying I will take a step back and see what the news flow has been and the sp is by say Christmas they should have made some substantial progress on a number of fronts by then. I might add a few in the meanwhile.

Atb,

Northern

So given where the company are currently at and with so much going on I would think we will be getting some news, not sure what about but I would have thought it would relate to the first new purchase of non-op assets but could be a general update, as there is so much going on. Whatever the news is I think there will be news soon.

Atb,

Northern

Thank you,

Not long now then.

Atb,

Northern

Are these expected around the middle of June - possibly the week after next?

Atb,

Northern

But I assume the information 're the first investment in non-op assets from the 100m facility shouldn't be too far away. It sounded like this is something that Zephyr had already identified so hopefully it won't be too long before the details are released.

I'm sure then they will have a priority list they will be working through in order to get the cash flow moving. The more news we get the more I assume will be the upward cumulative effect on the sp. All imho and please dyor.

Atb,

Northern

Great news nice to see the target price increase and they mention IN ADDITION the overlaying reservoirs. Not sure how they go about producing from these reservoirs but sounds like a fantastic additional resource.

Atb,

Northern