Member Info for NorthernMagic

Hopefully something that will change sentiment is an updated CPR which I believe they are trying to get sorted as soon as they can.

Atb,

Northern

Totally agree, doesn't make any sense to me at all - especially given the potential of the company and production whatever choice they make can't be very far away. I'm starting to think this is a buying opportunity.

Atb,

Northern

Excellent question. Not sure at all but presumably will move things along much more quickly but I suppose it depends on the terms of the farmin. Thinking about it you would think the discussions for that reason would take quite some time.

Will have to wait and see.

Atb,

Northern

Feeling it will be quite exciting. Will be very interesting to see what transpires.

Fingers crossed it will be the next step forward for the company.

Atb,

Northern

CH is busy with and preventing him having the Malcy interview means a couple of things - Malcy won't know the actual reason for the interview not happening in the sense that it's confidential and only presumably when there has been an RNS to explain the situation can CH have that interview with Malcy - so imho it might be a while before that interview happens. Possibly an exciting RNS next week?

Atb,

Northern

Key thing to me is there is a lot going on. I appreciate the comments 're production well once a decision is made and the production test going then all the better.

I would also like to see how the recent results affect the new CPR. We also will get to hear fairly soon 're the farm in or joint venture. So lots happening - just need to get that production moving.

Atb,

Northern

About further interest from new shareholders now there appears to be more activity in terms of the pipeline being given deadlines and more activity around the well sites. Here's hoping it doesn't do the usual Aminex sp thing and drift down whilst we await further news. Would be good to build some momentum and get the sp up to a higher level.

Atb,

Northern

It might seem an odd logic but given the recent results and the success of the use of acid, the options being considered 're how best to optimise production and the CPR that will be issued soon then what I think will be the real test of how others view the potential here is whether they get a farm in relatively quickly. I think they will and that will be my text - as why otherwise would someone buy in if there wasn't a profitable opportunity? All imho but I'm very happy with where Zephyr currently are, their strategy and where they are heading. Lots more good news to come.

Atb,

Northern

Thanks for that elland - I suppose it's a matter of waiting to see what prevails - hopefully lots of things will have come together by year end. At least lots going on - not like that other share we have interests in!

Maybe we will get to 8p by year end - fingers crossed.

Atb,

Northern

Test results yesterday that the so would move higher. There still seems a big gap between what investment companies are quoting as their target price and where Zephyr are currently at. I was hoping for a price of say 6p by now and say 8p by the end of the year - still a long way from the brokers target price mentioned yesterday of 16p.

Will it be the CPR that moves the sp higher, a farm in(though I assume there will have to be some inducement forbthat), or just a lot more demand for shares based on potential future earnings - not sure but would be good to get some substantial movement in the sp before not too long. Don't know if others feel that way, or am I being a bit too negative?

Atb,

Northern

Tie in of production. New deal with a farm in partner. Putting into practice what the have learned so far in terms of drilling locations and how to deal with the reservoirs. A cpr to come shortly and a mbps each source of capital to hopefully speed up what is now a proven process.

Have a great weekend everyone.

Atb,

Northern

I didn't initially read the middle section of the RNS but have just done so and further great news they will be looking to use the new data to get a CPR produced asap.

This should make very interesting reading.

Atb,

Northern

Looks like great news to me. Hopefully the market feels the same - will be very interesting to see what experienced commentators have to say, if there are new target prices issued and also what news comes from partner discussions.

Would be good to know if they can start producing from the 36-2R and selling production as soon as possible - all is going to help.

Atb,

Northern

Yes I'm thinking they might need a little time to Marshall the figures etc. Could drop Monday - not long anyway - will just need to wait and see.

Atb,

Northern

Wednesday? Exciting times ahead - here's hoping all had gone to plan and we have a very positive result.

Atb,

Northern

Strategy. What they are currently planning to do seems to me to raise capital in order to find drilling and to produce gas.

You look on their website and it says appraise assets and monetise prior to production. So, at what point are assets appraised and and then monetised?

My gut feeling is it will be hard to get a straight answer from POQ he seems to have changed his mind a few times on when assets will be monitised. It doesn't help shareholders understand how what they are going to do will add value and when assets will be monitised - two fundamental questions.

Atb,

Northern

No worries,

I would be really happy for something between 8.5-10.0p by the end of the year. One thought occurs to me though if they negotiate a farm in to accelerate the general drilling then will be interesting to see if that has a big effect, as by definition that should bring future revenues closer. Either way exciting times both in the short and medium term.

Atb,

Northern

Hi dsrt2012,

I get what you are saying - I'm not quite understanding the months though did you mean to type Oct instead of Aug?

Hope your predictions come true if not somewhat higher.

Atb,

Northern

We have the production test results to come soon, the Salt Wash commitment has started they are looking at non-op additions when they are the right fit and they are looking at accelerating production and own 100% of their acreage. They also have directors who have an financial interest in the company and making it a success. Lots to like and look forward to.

Here's hoping for excellent progress in the next 6-12months.

Atb,

Northern

Somehow better to me that they are getting the drilling started and will be concentrating on longer laterals and production and presumably the start of selling of gas.

Atb,

Northern