Member Info for NorthernMagic

together us long term holders are fed up of waiting and you aren't doing much to add to our wealth in fact quite the opposite. Wakey, wakey - lets get this company moving again.... Atb, Northern

Very much agree AParky. The general.concensus seems to be it is well undervalued and hopefully there will be a re rate. Having said that if they really deliver in the first and we then have lots of cash to spend then either before or after then I think that new acquisition will be done. Atb, Northern

Hi DRRchi, I agree very much with what you say there. Looks to me like PL is looking for the right Argentinian acquisition. Based on the conference call it sounds like they have turned a few down as not being quite right. I think they are looking for something between 1-10 thousand bopd but have a gut feeling they are looking for something between 5-10 thousand bopd. Further, if they are cautious about funding Paraguay 100% on their own, if it comes to that then I think they are going to be cautious with their acquisitions. It appears that PL is looking for decent margins on the barrels a low cost base, adding to bopd and revenue and cash flow, cash flow, cash flow. Hopefully, now it's starting to turn round we will get a jump in the sp as the acquisitions come along. That is what happened last time. The sp struggled along at 6p then in a relatively short amount of time went to 10p. The surprise for me was that it hasn't moved on upwards from 10p - but that could be a buying opportunity. Atb, Northern

Thanks for clarifying tigris72poo, I couldn't work out where your first reply but your second one sounds like great news. Hope we will get the success you describe. That would be a great addition to revenue and the bottom line. Atb, Northern

Hi fivenights, Thank you for bringing this to my attention I'll have a listen. It's frustrating that the petrol price for the petrol I put in my car seems to be going up so quickly but the sp of some of the O & G stocks I invest in are fairly static! Maybe in time the share prices will start to move up. Sincerely hope so. Atb, Northern

some news tomorrow? I certainly think if not tomorrow then next week. Not that long to go until the AGM and I am sure the BoD will want to issue some news before then otherwise I think they might not get as easy an AGM that they are probably hoping for. Atb, Northern

Didn't realize that. Presume it must be a funding issue that's pushed it back. Higher revenue should hopefully fuel some growth. Atb, Northern

SP of this company is not doing better. Great acquisition last year. Increasing production with more well workovers to come. Increasing revenues reduced costs. I think they are also looking for an acquisition and they say they will drill Paraguay by hook or by crook this year. Further the way PL operates you never know what might be up his sleeve. I am interested in what Malcy thinks as he has been very supportive of this share for some time now. Atb, Northern

Hi Doubled, didn't want to confuse anyone. The question was because we had a disappointment re Kelvin and it not being commercial and it was an exploration well then with the next drill being an appraisal well and PW was very much more upbeat I was assuming it would be commercial but it was just a question as to how much they would find. That's all I was trying to get at. Atb, Northern

would be nice to get there and for it to settle back over 3p. Atb, Northern

Well does that in effect mean they know the gas/oil is there but just not how much yet? I.e. this will definitely add to production and will not non commercial? Atb, Northern

I know we talk about things taking a long time with Aminex but it has been a long, long time since we've seen double digits movement north in the sp. Welcome back - here's hoping to many more in the not too distant future and please, please don't anyone use the i word! Atb, Northern

would hear about the Farmout before the end of May. Cannot see that we will not hear anything before the middle of June though. Why does everything take so long with Aminex. What do the BoD do all day? Atb, Northern

the 75% is that it - you've lost your money? If they do not get 75% will they have to think again. What I'm trying to understand is, is there anyway of not losing our money with this one. Atb, Northern

share. Do we just have to say yes to the one resolution and our shares are in effect scrapped and we lose our money or is there another option? One thing I am struggling to understand is why people are still apparently buying the share - doesn't make sense to me and that is what has prompted me to ask the question. Atb, Northern

Hi Drewky, Thank you very much for doing this. I think we are owed some answers. If they don't provide them I think it will show they've not quite got to grips with the communication question :-) But seriously, thank you. It's very good of you to do this. Atb, Northern

I'm a simple man too irishmouse. I also like round double digit numbers. 10 bagger or above would be just fine. Atb, Northern

I sincerely hope that's the case cperkin. All long term holders certainly deserve some positive breaks with this share. Atb, Northern

My hope is that even if the farm out deal is a. complex one it's a good one My big fear is we will have big news, the SP moves up then no action and the SP drifts down again. Atb, Northern

Thanks WhichWayNow 100% - That's going to be some revenue and profit if things go according to plan! GLA, Northern