Member Info for NorthernMagic

Good to hear that brasso3 I know you've had some doubts about Ppcs ability to deliver so that is an interesting endorsement. I'm considering buying some more of these before not too long. Malcy has big confidence in PLs determination and thinks the SP is currently under priced. All the best. GLAH

Hi cjgoldsmith, Just had a thought on this I believe PL is quite responsive re emails sent to the company, so it might be worth sending an email to the company re this question for clarification - just a thought. Kind regards, NM

I've not seen any news of redress. Great shame that the drill went pear shaped as before it all went wrong it sounded like it was going well and targeting oil that would have added a lot to the bopd and bottom line. Not read any reports on the analysis afterwards or proposed compensation so it might be a sunk cost I'm afraid. GLAH

by the sound of it. It will be good if they can get up to a stable bopd around 1200 before not too long to generate a decent income stream. However, it would also be good if some of their wells could produce a lot more - sometimes wells produce much higher bopd than the total being aimed for here. It's a shame they don't have some other larger drilling prospect to start moving forward to give the sp and mc a jump upward. GLAH

Hi deepthinker that(Paraguay) is why I was initially drawn to the stock. Malcy from previous posts though seems to thin k they also have a good opportunity in Argentina, so I'm hoping for a steady rise re Argentina and some good news - though there is still a lot they need to get right - eg drilling locations to actually strike oil that can flow and be commercial in Paraguay. This one is on the back burner for me. As always though DYOR. GLAH

Well, looks like they are STILL searching for those elusive design wins!! Patience hopefully is a virtue. GLAH

wasn't something supposed to be happening re the Paraguay farm out this year. I thought 2016 was the year to build stable output in Argentina and a good revenue platform and 2017 was to move the Paraguay operations forward. Have the time scales slipped? GLAH

they seek them there, they seek Design Wins anywhere!!!!! Good grief you need patience in this share! GLAH

Thanks Brasso3 I hadn't realised that. Would be nice to have some good news soon. PL's mantra seems to be step by step so last years failure whilst drilling quite a large prospect must have set him back. I'm sure he's the kind of hands on guy who likes to move things along and make deals and build partnerships, so hopefully it will not be too long before we get some news on Argentina and workovers or plans for Paraguay. I get quite inspired when I hear him give interviews though he doesn't appear to have given one with Proactive investors for some time now. Hopefully soon. All the best. NM

Nearly at the price where PL steps in and makes a big purchase. Would be good to have some news to kick start the price again. GLAH

it isn't obvious why but good to see all the same. There wasn't an RNS as far as I'm aware today and the volume wasn't very high. I little unsure as to the rise - maybe those design wins are imminent. Hope so anyway!! GLAH

does this mean eventually the elusive design awards are going to be going into production soon? Several over the next few months he said...... GLAH

I agree flat update promise of optimistic sales but nothing that I can see that will give a jump in revenue and no mention of those elusive design wins. Very frustrating and unfortunately not the exciting share I thought this one would be :-( GLAH

That's a real shame. I was hoping 2016 would be when me made progress in Argentina then there would be news on Paraguay in early 2017. Looks like I need to scale back my expectations. :-( Glah

I must admit I get terribly confused as to which Google products they have their software/hardware in but whichever it was I seem to remember they were shipping before Christmas. My main concern is the mention of several design wins in the next few months - stated in September 2016 and we haven't heard anything since :-( We might get a flurry of these but it seems like we've been waiting a long time now - and I'm starting to get a bit less optimistic than I was about the company's ability to deliver. GLAH

Yes, I hope we get some positive news from Argentina this year. I thought on Paraguay though they were looking for a farm out partner early in 2017 - sure I read this in one of their RNSs vefore Christmas but cannot remember as to which one. GLAH

Some news on Paraguay due soon? GLAH

I don't think so unless you know different juleshoddy. If they were in these I think they would be shouting from the roof tops rather than the radio silence we seem to have at the moment. Where are those darned design wins?? GLAH

It's a great shame but these promised - several design wins in the coming months - this was stated on 02/09/2016. It looks like they have overestimated what I assume they honestly expected to happen. Maybe a sign of the market but unfortunately it will not add anything to the bottom line. I would love to be proved wrong but nothing since the 2nd September isn't looking very promising. GLAH

Not sure. Good to see some volume buys going through - maybe PLs buying a few more million :-) Do we have any news due early this year - eg re Paraguay? GLAH