Member Info for NorthernMagic

Price. I'm assuming that the current target price is based on where the company are at before the test results expected next week. So, it will be very interesting after the test results and any further info provided to see if the target price is moved upwards.

Very exciting times and hopefully a very exciting week next week.

Atb,

Northern

Thank you for sharing that. Sounds very encouraging.

Atb,

Northern

Process. Hopefully things will become clearer by future comments from the company.

Atb,

Northern

It's a good point. Hopefully not with the revenue from this well then repeat the pro

Yes, that was a great move and will pay off really well going forward and gives them some great options.

Atb,

Northern

Will not arrive on a Monday or a Friday but I'm thinking it will arrive on either a Wednesday or a Thursday.

Also once it arrives and the details have been digested presumably there will then be various brokers issuing new Target Prices. Should make very interesting reading.

Atb,

Northern

A good indicator of where people think the price is heading.

Should be an excellent week next week - hope the RNS delivers all we are hoping for.

Atb,

Northern

Really looking forward to the test results hopefully next week.

Atb,

Northern

Being announced there will be a period of time when it will go quiet. Not long now though imho we should hear some news next week and then hopefully, in a number of ways we will be talking about a transformed company.

Atb,

Northern

In these very uncertain times. However I'm hoping by this time next year the sp will be at least 4-5 times where it is at the moment and the company will feel like a different company and moving forward with an exciting development plan.

Atb,

Northern

Invested here for a while, is there a reason for a drift down in the sp for the last 3 months ?

Some time ago I looked at their RNSs and interviews and it sounded that they were having continued success with each drill and were positive about future progress. Has something changed in the last 3 months?

Atb,

Northern

I've just been thinking about when we might get news on the test results. I'm thinking it will be either in the week commencing 28/04 (less likely) or the week commencing 05/05 which I think will be more likely.

Am really looking forward to all the detail that comes with the test results and hopefully some indication of the plans they have for going forward. As it is such a momentous event I think they will have a major presentation which again I think will be very interesting.

Atb,

Northern

Thanks for sharing Davwal.

Atb,

Northern

Thank you Hydras. Fingers crossed for the best case scenario in the next few weeks.

Atb,

Northern

Testing process I'm assuming they can flare the gas for a certain period, however for oil will they use large storage tanks and be able to start selling the oil immediately?

I'm also assuming output gives an indication of pressure and a daily flow rate going forward.

One thing I'm not sure about is how they get an indication of reserves - can someone explain that in simple terms please?

Atb,

Northern

Atb,

Northern

Very droll Rojo lol

Atb,

Northern

It looks like "shortly" is becoming the new "imminent". I'm not sure when we will get news but hopefully by the end of the second quarter.

Does anyone understand the disconnect between what the Tanzanian authorities say they want to do and what they actually do? You would have thought As a would have been following up on the reason they haven't heard anything yet. Maybe we will get some news soon - fingers crossed - the sp has been heading down again over the last couple of months with no news.

Atb,

Northern

Atb,

Thanks BlueWiley very much appreciated. Presumably Falcon will come in at a stage where lots of learning over the past couple of decades will assist development. The only question marks I suppose remain of speed of development and costs versus commerciality issues.

Atb,

Northern

Knowledge of how long it took America to get from the early days of fracking to producing at a large scale? I'm just trying to understand where Falcon are in terms of this process and hence of the acreage and hence value of the company moving up to multiples of it's current value.

Atb,

Northern

How the company's sp will do once we get the test results. I mean this in the sense that I feel they have been capital constrained and not therefore advanced as quickly as a lot of people had hoped for.

If they convey after the test results the same rate of progress going forward I think investors will move their money elsewhere. If they can point to a plan with faster progress I think people will invest and buy in to their plans.

The trouble is we haven't had a presentation for ages, so we don't know what their development plans are.

All imho and please dyor.

Atb,

Northern