Member Info for NorthernMagic

Doing so well today. My gut feeling is given the business model, the interest in the technology, the partners the company are attracting and future potential then this is just the beginning. Pipeline potential still going strong and I can see this company from year to year going from strength to strength. All imho and please dyor. Exciting times ahead!
Atb,
Northern

It's always really confused me too that on the one hand they have made so little progress and have not managed to sort out KN-1 after a long period, yet they talk of looking for prospects elsewhere. I would have thought they would need the money from Tanzania before they can start looking elsewhere but maybe I've misunderstood something.
Atb,
Northern

time. I don't think the dragging on with very little apparent activity does the sp any favours at the moment. What we really want is the Farmout to be signed and then some action. Given though that it hasn't been signed off yet and time drags on towards the 31st July then imho things are not looking good. One thing that continues to annoy me is that didn\t Aminex do a raise earlier on in the year to progress things? What's happened to that and where's the progress?
Atb,
Northern

For one of or a share in one of the oil blocks being auctioned in the next North Sea auction . I believe applications need to go in from now with a closing date to the auction some time in November 2019.
Atb,
Northern

For one of the North Sea oil blocks in the North Sea oil auction.
Will be interesting to see.
Atb,
Northern

At 10p given the successes last year it was seen as undervalued. So much is going on this year and given how quickly this sp Can move I'm hoping to see the sp quickly move to 10p and beyond.
Atb,
Northern

Only that I agree with that valuation being very low given the so-called huge discovery that was talked about when Origin first drilled. I can only assume as drilling starts and moves forward we should see a multiple increase in valuation as the reserves move upward.
Atb,
Northern

how they are progressing and possibly other developments?
Atb,
Northern

hopefully we will see more newsflow - I think PL is well aware of keeping shareholders informed of positive news flow both via Twitter and RNSs. One thing that sort of passed me by and I just remembered re the last interview with Malcy was PL sounded very happy to have an ex colleague on board from his last company and seemed to see this as a very positive move - hopefully he can help especially when it comes to looking at future drilling sites in each of Argentina, Paraguay and Louisiana, as I believe he was an experienced geologist.
Atb,
Northern

Aminex sp and a bit of upward momentum as we start hopefully at last to move forward. Trying to remain positive but some news flow from the company would be useful.
Atb,
Northern

but could next week and the run up to the 31st provide a turn around for the

Would really like the drilling to commence to see what sort of resources we can start to produce.
Atb,
Northern

Could I ask is the expectation that the FarmOut will be signed on any date up to the 31st of July or actually on the 31st July.
If it isn't signed off on the run up to this date would we expect an extension sometime from July 20th say. I'm asking for 2 reasons one they surely cannot have much detail now to sort out - they've been at it so long and two if they get the Farmout signed off hopefully they can move fairly quickly to the drilling stage.
Atb,
Northern

result in more impetus to the sp. Phil Caldwell in the recent announcement re the Japanese news said there would be news out soon re the Chinese bus trials. All helps - and presumably companies are progressing through the evaluation pipeline too.
Atb,
Northern

think Presidents sp might get back to 10p before the year end?
Atb,
Northern

board President's story and are getting interest in the progress they are making on all fronts. Nice see of blue with some quite good buying today .Lets hope it continues.
Atb,
Northern

Hi fjones40,
Couldn't see me on the list but I'll go for 0.80 p come 30/9/2019. Would love it to be multiples of this figure but that's my guess.

Just had a listen to the Interview PL carried out with Malcy last week and the things I picked up from that are.
The Medium/Long term targets are what matters and so far this year they are on target.
Costs are being closely watch but will be proportional on the work being done - eg extra rigs.
Paraguay - good internal team now to carry out the work. They should come in below budget of < $10m and the drilling will most likely start in first part(quarter?) of 2020.
Want to make most of areas close to the areas adjacent to their Argentina pipeline. Yes they are looking at further acquisitions but he didn't want to say anything further on that(he always likes to keep acquisition details close to his chest). I think the words he used re acquisitions were selective and appropriate.
The current market he sees as dysfunctional and my feeling was he put this down to generalists being used to determine value and not appreciating the true value associated with some companies. The market in terms of how it values O and G companies is not what it was 10 to 15 years ago but PL didn't think there were reasons why this shouldn't come back.
That's my take on the interview - hope it's of some use.
Atb,
Northern

Good points well made edgar222. I hope you are right. Like the Buffet quote and hope it applies here and we will be rewarded in the future. I hope I'm not being emotional inn my judgements but have to go on what has happened in the past. If the company can prove different all well and good - for all of us.
Atb,
Northern
Northern

Although I wish I had gaslady's optimism unfortunately to me given the lack of news coming out of Aminex - you really would think they would be accountable on and provide updates on a more regular basis - it looks to me like nothing is changing.
So, I'm turning cynical(oh I wish it was so different). I don't think the farmout will be closed by 31st July. I cannot see kn1 coughing up and I don't see a date being set by September for drilling of Ch1. Sorry to be so negative but I'm trying to be realistic and go by past experience of the company. If the company changes by all means my sentiment would.
So, by the end of September I think we will be roughly where we are now about 0.8p