Member Info for NorthernMagic

last Friday and the second well was supposed to be on stream on 10th December and the third well was drilling ahead and cannot be far off, if not reached it's TD then maybe we will get some more good news tomorrow about progress.
Atb,
Northern

Malcy thinks re the current Aminex situation. In the past he has been very supportive of Jay and I believe he has known Jay for some time. It will not be long now before Malcy reassesses the Bucket list - I think it usually happens shortly after the turn of the year. In the past he has often removed some in the list giving reasons and has replaced them with other companies giving reasons for those too. So, will be interesting to see what happens this time - I think his review looks at things like the past years sp performance and likely performance in the coming year - so will be interesting to see what his verdict on Aminex is. I think this is especially interesting as Malcy was still supportive of Aminex when the Farm out deal was announced - even though he said he thought it would take some time before shareholders saw the rewards! His comments and whether Aminex stays in the list might reflect his short to medium term opinion re Aminex's prospects.
Atb,
Northern

and more drilling ongoing at the moment - not too far to go on that third drill either. I still find it really interesting when commenting about this one of the first things they mention in relation to the company is G and A.
This is clearly well up as a major priority on their list. Not only that but I think the recent results show that they have a fantastic team who are now working really well and efficiently. Looks like it is going to be a very interesting 2019.
Atb,
Northern

the circular would have given shareholders a positive boost. The part though where it says they are in dispute with TPDC to me gives me concern for the other aspects of the go forward plan. Great shame they couldn't have communicated this issue separately with some indications of timescales as to when this will be resolved. However, having said that they always seem to let timescales drift but this is a massively important issue imho - i.e. the relationship with TPDC as so much else depends on this.
In the past they have told us Aminex had a great relationship with the Tanzanian government now to hear this makes me wonder why we haven't heard about the resolution of KN-1 before - is it still producing and selling gas?
So, they have had one producing asset and that has gone wrong - looks like a good job they are passing operatorship to someone else who has experience in the country.
It also sounds a bit hollow for them to say they have great expertise and are looking at other areas to balance their portfolio of interests when they are not doing the best of jobs with this asset that has such huge potential.
Am I being unduly negative? It reminds me of the TV program Bullseye - this is the company you could have won, or do people still think we might hit the jackpot at some time in the future - given past delays it to me is now looking more like back end of 2019 and into 2020 before we hear news about the drilling results.
Atb,
Northern

understand it now and every day going forward Serica will be getting a nice and growing share going forward year by year of an awful lot of income and have Erskine back on line - more revenue and planned exploration over the next few years.
A result of all this extra revenue will surely allow Serica to have a look at a range of possibilities to grow further. Have I got this wrong? I ask because I would have thought we will from now on see a steadily growing company and as a result an increasing sp.
Atb,
Northern

available by say Friday of this coming week or news early next week? based on their last drilling RNS. That is unless there is some other good news from President in the meantime?
Atb,
Northern

acquisitions to come. This Argentinian team are working well at the moment cannot see why this will not continue now into 2019 - looks like PL has got this one right and it will continue to build. All imho and dyor.
Atb,
Northern

lots of hard work done and money spent and soon all that lovely revenue coming in. Will be a steady increase in the sp in 2019 - all imho and dyor.
Atb,
Northern

over the last weeks and months now about President Energy and given the momentum building do people think that by the end of 2019 we will be looking back on the year with President being the best performing share in Malcy's bucket list. I think it has a seriously good chance of being near if not at the top of the list. All imho and as always dyor.
Atb,
Northern

sp is just taxiing on the runway and is just preparing for take off. GLA.
Atb,
Northern

Old chestnut in terms of volume but that 43m of logged oil sounds an awful lot of oil to me. In time I am assuming that the wells will convert into quantity of oil which will be added to reserves. Three lots of 600bopd would be fantastic then the reserve values to be added to reserves and so on. This is sounding like a fantastic field which is going to return some amazing results. Then repeat the process!
Atb,
Northern

It seems really odd PW talking about the two deals in a brief interview like this. Is he talking about the Circle deal last year or something not yet announced. Seems odd to mention this in an interview when there has been no details via an RNS. Very strange.
Atb,
Northern

price falling like this after all they have achieved in the last year with there growing cash and plans for next year too. Probably a fantastic investment for some people with a bit of spare cash at the moment but as always dyor.
Atb,
Northern

Thanks for that NewKOTB - great to have the clarification and that they will have such a great and increasing windfall over time(I believe the percentage goes up each year). Will be really interesting to see what they do with the money - more acquisitions and repeat the cycle?!
Atb,
Northern

Deal goes ahead SQZ will get access to a percentage of revenue from BP and will the be able to spend this how they wish eg for further acquisitions?
Atb,
Northern

but would be good to get above and stay above 10p for a while and then build a floor at that level. Income generation now looking really good.
Atb,
Northern

month now following the ending of the BP assets negotiations. Here's hoping SDX can start getting back on track and we get some good news on which they can build on before not too long.
Atb,
Northern

Just noticed in the slides in the recent corporate presentation that the 2 acquisitions that are pencilled in for 2019 - the first one is very early in 2019 - according to the chart the second one is in the last quarter. These might be purely illustrative and the time lines could be different but very interesting that the company planned to show it in this way.
Atb,
Northern

hope there is some further good news not too far away as it all helps the sp's momentum.
Atb,
Northern

A very positive and upbeat RNS with the news coming both more quickly than I expected and also better than anticipated based on the expected result. All looking good - increased cash generation, more acquisitions to look forward to as well. Repeat and carry on seems what they are doing a good job of at the moment - with more positive results to come into the new year and an exciting new year in prospect including Paraguay. PL also always seems to have a deal or two he is trying to sort out - all if at the right price that is. Looking good.
Atb,
Northern