Member Info for NorthernMagic

I see what you mean. I assume when these options are exercised we will get an RNS(RNSs) , so gives a bit of a time scale as to how they might want to maximise the extracted value having made their options purchases.

Atb,

Northern

Thanks for your opinion Camelot1 very much appreciated. I agree with you. It's difficult to see how it would jump from the current figure to a much higher one. I think given the resource another company would be buying into indeed £1 would be very cheap. I just wanted to try to gauge other people's opinion. One thing that gives me great hope is that quite a number of companies in the area are now talking about development that is heading towards commercial production and I am sure that is going to make a difference.

Atb,

Northern

Possible exit price/sale of Falcon's share. Do people think £1 would be a possibility?

Atb,

Northern

Invest in Molecular it would not be for the Paraguay drilling - and even that hit problems even though PL implied it was worth another go there. The implication being that investors could invest in Molecular for all the other things Molecular were doing - and some investors probably did do even recently when this is what they were being told. PL always seemed to talk prospects up and for him to suddenly make this decision which will lose lots of PIs an awful lot of money I think shows no regard for shareholders and as far as I can see there will be no compensation for those shareholders who trusted PL and who has badly let those shareholders down. One thing that struck me too, where will all that money go that was going to come from Argentina and why couldn't that he used for financing and what about Molecular's investment in ATOM surely that is also worth a sizeable amount.

So, to me there are lots of unanswered questions but sadly shareholders have been badly let down.

Can you see other people financing PL in the future after this.

Very sad state of affairs.

Atb,

Northern

For the amount of helium in that second RNS - that makes it a thousand times the value compared to the first RNS - sounds quite a valuable resource depending on how much they locate and for a relatively small outlay. Goodd that they have another potential income stream they can spread the risk with and hopefully add quite a bit of revenue at the same time.

Atb,

Northern

We would have a corresponding stellar sp performance. Sadly, it looks like I'm wrong.

Fingers crossed we will get some increase in value as time moves on.

Very frustrating it is in fact part of the BODs job to increase shareholder value.

Atb,

Northern

Hopefully next week the sp will reach 4p am hoping for 5-6p when drilling starts on the 36-2. Hopefully 7-8p on good results then some further news from the 16-2 which will all help. Pure guess work but hopefully with positive news it will really start to move up and the field development will then start to move forward. Hope everyone has a great Easter.

Atb,

Northern

Very encouraging to know. Thank you for sharing this Adon30, I must have missed this. Bodes well.

Atb,

Northern

Non-op not non-ok in my last post - spell checker eh lol

Atb,

Northern

Exactly where I was coming from RiskyBusiness1 're timescales linked to the sp and yes if we can build on a couple of very positive results then I think the so will be at least a couple of times are where it currently is at. The key, as a number of people have said on here for a while is get production moving, invest in further wells and build out the field development. I also and I know some people don't agree would be happy with further non-ok investments which all helps to move Zephyr forward more quickly - all imho.

Atb,

Northern

Thanks elland,

Good to hear from you - hope all is well. Looks like after a good few days Zephyr will be heading into positive territory - with all the different meanings of that word. Would be good to hear about the 16-2 - obviously they have focus now on 36-2 but presumably they have been looking at ways to resolve the salt issue they talked about some time ago re the 16-2. Have a great weekend.

Atb,

Northern

And he's reporting a target price of 20p with lots of confidence in the management at Zephyr.

Just out of interest what period length does a target price relates to - e.g. Is it 3 months, 6 months end of the year. Have often seen target prices mentioned but never see timescales linked to them.

Atb,

Northern

Looks like people are seeing this as the right time to buy in. Bodes well I think 🙂

Atb,

Northern

I'm hoping that if they prove their worth then Zephyr will extend any contract they have with them and use them to further develop the field in Utah. Would be great to see a continuation of drilling to further increase revenue which then will be self sustaining and allow for much more growth. All imho.

Atb,

Northern

Yes those were my thoughts too JohnDough in terms of a vote of confidence in the rig and crew. Time will tell but hopefully this time we'll see what these wells can deliver.

Atb,

Northern

Increase in the sp. Hopefully by this time next month the drill would have spud and drilling will be underway.d

Atb,

Northern

All I want - and this on the face of it sounds so simple is to the licence to be granted and the drilling company to do what drilling O and G companies are supposed to do and drill!

Been waiting for years for this and despite all the words that still doesn't seem any closer!

Atb,

Northern

Tenth January they stated The authorities also indicated that the Development licence will be received very soon.......

It's the very soon comment that continues to frustrate - words but no action.

29th February - they list a number of things that will be done when Development Licence received.

On the same day they state - Further announcements can be expected detailing a future programme of drilling and associated schedule to communicate the exciting new opportunities and add further value to shareholders.

Again lots of positive words but so little action. Why do authorities promise something "very soon" then don't do it - doesn't sadly boost confidence in what they say versus what they do - and still we wait ...

Atb,

Northern

Here's hoping it continues.

Atb

Northern

With the sp not moving more but I cannot see anything happening with Falcon management any time soon. The only thing that I think will improve the sp here will be further development by Tamboran/Falcon, Empire etc, further good results and eventually the decision by Falcon to sell their shares a multiples of the current sp.

So, to me it's a waiting game for between 18-24months by which time I think a decision will be made by Falcon to sell their share. All imho.

Atb,

Northern