Member Info for NorthernMagic

The price moved quickly up recently and then we had the news of the rig contract signed and on going preparation for drilling and the price has gone down? The resources related to this development are huge and there is a vastly experienced company doing the drilling. So, have I misunderstood something or is this now a good price to get in at?
The only other thing I am wondering is if people are waiting the results of drilling before risking there money?
Atb,
Northern

To be very exciting based on the emphasis on moving things forward based on the new regulations.
Hopefully, we will get further interest in the company in the coming weeks and maybe a good upward movement in the so too.
Atb,
Northern

a lot more promising. However, they still have a lot of ground to make up re the big drop in the sp. Would be great firstly for them to get more deals and publicise them, second to publicise the company more in general and third to develop other streams of revenue earning products that will add to the income stream. They might be doing some of the latter but we don't seem to be hearing much about this.
Atb,
Northern

as I did wonder if anything had been mentioned in an RNS re timelines for Farmout completion then drilling. If the Farmout is only completed by end of quarter one then I assume the rig will need mobilising and we will be looking at Q2 for drilling. Just want this company to get to the drilling starting line and to start drilling and operating like a normal oil company without what seems to be continuous delays in anything Aminex do.
Atb,
Northern

for this year. Given we were told that Killiwani wouldn't take long to fix and we have had various delays for things in the past - eg gas sales agreement. Is it a fair expectation that Aminex will be drilling by the end of the Q1 or do people think it more likely to be the end of Q2 before they start drilling?
Atb,
Northern

going at the moment. Maybe the smart audio will do better. They have a fantastic range of products their hardware and software is in but they don't appear to be great at promoting the company nor at getting either lots more deals or other products that are related to the IoT that are going to sell massively. I could be wrong - they do work along side some very large companies but we don't hear much from Frontier other than sales performance and this could be less than expected or other strings that will bring in the profit. They did really well last year with an increase in the sp and I thought that might continue. Now I'm kicking myself somewhat because of the recent decline. Am I reading this wrong or do we have a really good income stream to come online in 2019.
Atb,
Northern

think we might get to 20p tomorrow?
Atb,
Northern

soon and that the share price continues on a good upward trend and not a reversal as quickly as it went up today. If things get moving before not too long and we get some good positive news this year with the drilling then the sp could rocket. Having said that it moved pretty well today too!
Atb,
Northern

President have made in the last year. They have a strategy and are executing it well and still have a focus on acquisitions, organic growth and although it's a risk and I'm not quite 100% sure how I feel about it Paraguay could be hugely rewarding for the company. The cautious part of me re Paraguay thinks it would be good to have a partner to share some of the risks and costs.
Should be another very exciting year for President. More of the same please PL.
Atb,
Northern

that will be kicking off in Morocco before not too long. Last year lots of drilling seemed to happen in the first half of the year with great success. Maybe we will be hearing more shortly....
Atb,
Northern

Same here re the age P0werplay. I was hoping this would be a nice sum to use as an early pension too.
One thing though if no results by the time it is AGM time I'm voting against pay increases for the BoD on the scale they are currently being paid with lack of results. They will not be able to justify such high wages if the shareholders are not getting returns in terms of gas sales and profit.
The other thing that has intrigued me though I could be wrong on this - with the Farm Out taking place do Amiinex need so many non-execs etc? Cannot quite understand what they will be doing if a lot of the work will be done by the Zubair Corporation. Will we see a number of staff at Aminex leaving?
Atb,
Northern

said on this board at the moment it makes me think we are now in a situation where Aminex have now done what they can - they will get the Farm Out sorted, they have opted for a drilling rig Zubair will be able to start looking at the drilling but now the Elephant in the room as it has been in the past will be the sign offs by the Tanzanian government. We might have another lengthy delay on our hands all imho. It's really frustrating though as I bought shares in this company believing the Tanzanian government were encouraging foreign companies into their country to help them exploit their gas reserves because of the gas demands in the country???
You would think it would be in everyone's best interests to for the Tanzanians to get things signed off so things can move forward.
Atb,
Northern

year for President and a positive week for oil I definitely thought we would ease past 10p this week. Ah well - still plenty more of good things to come in 2019 and hopefully with a couple of acquisitions and drilling in Paraguay and more production we might double our money by the end of this year. However, if the sp is not moving this might be an opportune time to invest more in this company. All imho and dyor.
Atb,
Northern

tip for 2019. Will be interesting to see what the other people tip in tomorrow's papers and what they think of the possibilities for the Oil and Gas Sector as a whole next year.
Wishing everyone all the best for 2019.
Northern

progress made this year and I expect more to be made next year. If they go for sizable acquisitions could make a big difference - plus they have a team now that seems to work extremely efficiently. I think it's a matter of time and also the general market if it picks up that should make a big difference too.
Atb,
Northern

done much at all since last year. Very little news output despite taking on a couple of NEO and like you say scribes they are not backing the company. For a company with such great products and technology it always amazes me that they cannot earn more money?
Atb,
Northern

to be able to continue working with the named companies but also adds a other unnamed company who they are currently working with to form what I assume will be another new contract i.e. it' sixth partner which it cannot name due to confidentiality reasons. I'm assuming in 2019 also that as the technology and manufacturing agreements are set up this can only mean another step change in revenue and further big players signing contracts as the technology starts to become established. Looks good to me.
Atb,
Northern

Yes - good post Nosugar. I'm particularly looking forward to those things we don't know about yet but we know President are actively persuing i.e. the acquisitions. Again hopefully we will see another transforming year in terms of percentage increases on revenue, profit etc and percentage decreases in costs.
The knock on effect will then I anticipate will be an increase in the sp - and repeat the process!
All the best for Christmas and the New Year and for a very successful year ahead.
Northern

cannot see there will be much happening till after the EGM in January 2019. So, just wanted to wish everyone a Merry Christmas and very Best Wishes for the New Year.
Here is hoping Aminex has a much more successull year in 2019 than they have had in 2018.
Very Best Wishes,
Northern

further great news from President in the next week and the run up to Christmas. An early Christmas present!
Atb,
Northern