Member Info for NorthernMagic

I'm hoping for £s :-)

That would be a wonderful scenario. I'm thinking the next 2 years are pivotal. Not sure about the timings but given the quantity of gas involved 2.50ish sounds a fair price.
Atb,
Northern

Hi Nosugar,
Yes I think if not next week then certainly the week after. Given the stream of news that we have been receiving from the company I think we can get used to a steady stream of news. They have a great plan and acquisitions are very much part of that plan and a growing cash generation so a fantastic future to look forward to.
Atb,
Northern

gadgets beig offered seem to include - smart speakers and Google and Apple products. Does anyone know if Frontier's technology is also incorporated into products such as voice controlled TVs of which there seem to be a growing number around now.
Atb,
Northern

re Erskine restarting and the Columbus field development. Now on the countdown to the end of the month when the BKR transaction will be complete - completion date 30th November. All starting to look good for the sp picking up from now onwards.
Atb,
Northern

have had any news following the the ending of the recent BP negotiations. I thought we were due some positive news though in the third quarter - coupled with any other additional news re any projects SDX are considering. If they had ambitions for the BP deal then I cannot see those ambitions going away - they will hopefully take a different form and we will have an acquisition before not too long.
Atb,
Northern

message re Bolivia on Twitter a little while afterwards. They are not interested as far as I can see. I think they've enough on their plate at the moment with Argentina and Paraguay.
Looks like a couple of weeks before we will know results from the current spudding and in a similar time frame we might get to know the flow rates from the first drilling. We appear to be getting lots of RNSs at the moment from President - 7 in October. Here is hoping they can keep momentum moving and they will keep adding to all the great news they have been providing us with over the last few monts.
Atb,
Northern

Twitter on their website today. Seemed to be talking about Bolivia and certain companies including President Energy being interested in Bolivia. Not sure what the background is to this and/or if President are looking for an acquisition there. I believe Rob Shepherd sometimes comments on this bulletin board so would be interested if he could post about this. Otherwise I might get in touch with President re the rather intriguing background and why this was posted on twitter. No smoke without fire?
Atb,
Northern

in the next 12 months - all imho. I've seen it suggested by then that they are aiming to produce 5000bopd - Malcy mentioned this in one of his recent blog postings. So that would give about a 50% increase on the bopd at the end of the year - pretty good going. However, I think this is to way undervalue what President are trying to do with acquisitions - and some time ago PL stated the company were looking at acquisitions between 1,000 and 10,000 bopd. In their recent Presentation they have pencilled in a couple of acquisitions next year - say they go for one on the low side - 1,000 bopd and one on the high 10,000 bopd this will add depending on when the acquisitions are made an average of 5,500 extra bopd and given the way President have acquired assets in the past there will probably be more opportunity for further drilling on these assets and then there is Paraguay. If they get a farm in partner for Paraguay then this should help share the costs and if they get it right there - then again this could have a fantastic influence on the sp. This is all imho but if they continue to improve in this way then the next 12 months or so should be fantastic for President. If there was ever a share where you would want to buy in when you could afford to - especially at the current prices then this is one to go for. As always please DYOR but the company's strategy is now working really well and I don't think it will be too long before the results start to attract lots of investors to buy in to a company that is looking to be an increasing attractive proposition.
Atb,
Northern

that some posters here have stated re certain things happening by the end of November and that they are expecting these things to happen eg Circular and EGM. Given Aminex's past record for promising things by certain dates though I am not sure if these dates will be met. If they are met that would be absolutely fantastic, as this would represent a real change in being able to rely on the dates that Aminex are putting forward now. Time will tell.
My own thoughts are though because how slowly things have moved with this company the timescales where we are likely to see some positive results making a substantial change to the sp are more likely to be 12-18months rather than by end of the 2018 eg they are still negotiating on price re 2 possible options for the drilling rig ...
I hope the time scales are better than this but I can only go on Aminex's past performance.
Atb,
Northern

they're not messing about - next well spudded! Also I love the last paragraph at the end of each of their RNSs that talks about acquisitions and aim to carry out more to increase Shareholder value. Plus recent analysts target price of 18p - as per Twitter feed link. Looking to have a good future as we head into 2019 - nice new website too. Lots of positives and lots to look forward to.
Atb,
Northern

have been posted about before but there is a Tweet on Aminex's website re a FAQ that has been added that covers various issue.
Atb,
Northern

they seem to have great ambition and want to grow this company quickly but with the right acquisition. Maybe this one wasn't right for whatever reason but I admire the ambition and for giving it a go. To me given the success with the current assets and possible acquisitions from the growing income stream this bodes well for the future.
Atb,
Northern

looks like a continuation of the strategy of acquisitions to add to the revenue stream and bopd. It was in a different region to any acquisition I expected but all the same it basically sounds like an undeveloped area with great potential and hopefully good returns which will generate more income stream and so the cycle continues. I wise purchase in my eyes. Over a period of time all that extra cash must start to make a difference to the company and give them funds to think about bigger acquisitions.
Atb,
Northern

news soon but it would be really useful if we could at least get back to reasonable sp - somewhat above 10p and then move on from there. I cannot see the sense given the recent increases in production and revenue stream why the sp is at it's current price. Having said that my own logic would suggest buying more shares in President at this price. If I get the funds available I think I will, I just hope others think the same.
Atb,
Northern

That would be a fantastic start to the week if we did get an announcement tomorrow. Fingers crossed.
Atb,
Northern

at length here but I just had a look at the similar RTO and admissions doc details at Serica.
They announced suspension of share dealing on 21st November when the deal was first mooted as a RTO.
On 30th November 2017 they posted an admissions doc to Shareholders and
On 18th December 2017 they had a General meeting to approve the resolution.
So, in Serica's case it was within a month.

I'm thinking whatever still has to be discussed between BP and SDX that if those discussions were at an early stage before the shares were suspended then maybe it will be a couple of months - or even possibly notification as early as say next week confirming a date for a General Meeting - possibly some time in November?
Either way - not too long to wait.
Atb,
Northern

after the fall yesterday. Got a tad concerned there - looks like the IoT might start to take more of a role as the company moves forward. I believe from talking to someone in a slightly different electronics industry that quite a lot of money can be earned via software etc too. So, we might see some interesting developments in the year ahead.
Atb,
Northern

mentioned definitely point to the deal going ahead. Otherwise why would they be having talks with the Egyptian officials. Looks as much as they could probably share with us at the moment but nice that they did share it all the same :-)
Very excited now in terms of the deal that they will be doing and will be really interested to see the details on the significant package of assets they will be acquiring.
Atb,
Northern

with Erskine due to come on line soon and with the company having a taste for acquisitions and shortly to have future funds available to do so it's looking like it has a great future.
Atb,
Northern