Member Info for NorthernMagic

I sincerely hope so. I've been waiting a long, long time and each year I have hoped the drilling and production will get started. Will it be this year - fingers crossed again!

Atb,

Northern

An RNS or that I have seen any news 're Ruvuma on the Ara website. Are we due any news or should I come back in 4 months time to see if Amines or Ara are getting closer to drilling and production.

Atb,

Northern

I agree with what you say. The one thing that keeps playing on my mind is the company when it says things talk of acceleration of the drilling and I think this will only come , as shown by their previous actions either if they have more money in the bank or can joint venture with a company/companies to move things along more quickly. If they can do that I think the sp will follow.

Atb,

Northern

Agree very exciting times but I'm a bit more cautious 're the sp - I don't think anything can be guaranteed and the increase to the higher levels of the sp I think will take some time especially considering the company doesn't seem to sustain much of an sp increase and drops back. One thing I've noticed with Zephyr is they seem very cautious in investing capital. I hope I am proved wrong but I think progress might be slower than I had hoped for. Time will tell and will be interesting to see how the market reacts on, hopefully good results.

Atb,

Northern

Thanks Adon30.

Atb,

Northern

But I was just wondering what might be happening with the Salt Wash well - I thought they did some preparatory work on the well near to year end but haven't been able to find it referred to in an RNS. - are they going to do some work on this well in Q1?

Atb,

Northern

Of oil being linked to this well is 2m. It seems a very rounded number to quote - is this more a less a guess - that is could it be somewhat higher and this is a sort of rounded down figure?

Atb,

Northern

Will second that elland. I'm hoping production is good and they can start selling as soon as possible.

Atb,

Northern

My main concern is the paragraph that begins

"While the Tanzanian government works on constructing a pipeline...."

The delays, sadly, always seem to come from the Tanzanian side . I had hoped that 2025 would be the year when we would start to see some progress but at the moment it doesn't feel that way.

I could be wrong but given how lots of governments are postponing infrastructure projects I am now starting to wonder if Tanzania just doesn't have the money?

Atb,

Northern

And looking forward to the results towards the end of March.

Atb,

Northern

Thank you for your comments newtofo - very interesting and much appreciated.

Atb,

Northern

I hope they do and that we get these other updates as well as the lateral drill starting confirmation soon.

Atb,

Northern

Thank you. Hadn't spotted that.

Atb,

Northern

There has been quite a lot of talk about different companies raising money for further drilling. It sounds like some of the recent drilling is to test the process. Presumably though the companies concerned will get revenue produced for the gas and the gas production will last quite some time(a number of years?) and so the revenue for the gas will presumably be greater at some point than the money spent on the drilling and after a number of drilled the revenue produced will be able to fairly easily cover drilling costs. So, I suppose the main question is how long will it take for that to be achieved. Are we talking about a couple of years?, 5 years, a decade. Just asking as others might have more of an insight on this based on their experience.

Atb,

Northern

Hopefully news that the drilling of the lateral has started and that Zephyr are on their way to their own non-ok production.

Atb,

Northern

Being bought and to see the sp rise this week. Is this the beginning of a trend now as we head towards test results and presumably more drilling activity to come. It seems they have now learned a lot and that the processes will result in more and better predictable results going forward.

Atb,

Northern

Totally agree - especially after identifying it as such a priority.

Atb,

Northern

I was a bit concerned re the CPR - so I contacted them twice once last week once this using their contact us form on their website but sadly no one has come back to me.

I thought they were supposed to be good at getting back to shareholders.

So, cannot be sure what is happening re the so called priority CPR.

Atb,

Northern

Buying as the lateral drilling approaches. Maybe it will start to pick up as the test results get closer.

Atb,

Northern

Sounds like an RNS due tomorrow or probably more likely early next week then hopefully great news to come when the test results are announced.

Atb,

Northern