Member Info for NorthernMagic

Be next week now. Cannot see them announcing the spud on a Friday. Hopefully they can get this moving soon. Have been waiting years so a few days won't make much difference but will give something to be interested in.

Atb,

Northern

Absolutely agree, especially with the excitement on the pressure of the well when initially drilled. Only reason I asked was trying to get some sort of feeling for timing. I've found that as time moves on with shares that have a potential issue to sort the longer it goes on the more the sp drifts down.

Atb,

Northern

Hi RogerJolly,

Originally they were talking about drilling this month. It now appears that they are talking about drilling at the end of this year. However, I haven't been able to find details 're the pipeline having started, or how it's progressing. I've therefore added another quarter on from.the end of this year.

Atb,

Northern

Than myself 're drilling and sidevtracking, the question is - given where Zephyr are currently with 36-2 how long should it take to decide on and carry sidettrack of 36-2, or is it all in the hands of the insurers?

Atb,

Northern

Been an uplift in optimism on this board 're future prospects. I am however concerned about the Tanzanians delivering the pipeline in a timely fashion.

So, I am still thinking(based on previous delays) things will start in terms of the drilling in Q2 next year. Having said that my question is then what do people think the sp will be at the end of 2024?

Atb,

Northern

HOW = GLA

Tanzania, I am as fallible as the next man but what is happening currently with the company in Ruvuma is what I invested in this company a long, long time ago. Now, it seems that Ara are at least on track to start the drilling process and field development. My remaining concern is whether the Tanzanian government keep their side of the bargain in a timely fashion.

In terms of what other posters say on this board that is up to them - nothing I can do about how they view the situation or what they say about it. In its simplest terms I really hope the company do well, have a good relationship built with Tanzania and the company and it's share price to from strength to strength.

HOW and

Atb,

Northern

If some of the things we are hoping for haven't been achieved by year end it will be very interesting to see the size they give for the reserves that are going to be restated based on the 3D seismic taken(presumably upward again) by year end.

Lots to look forward to now.

Atb,

Northern

On here this week. Great to hear so much optimism and opinions from people who really think this share is going to move forward quite dramatically in the next six months and then on from there.

Here's hoping that what people are hoping for becomes a reality.

You have given me a new founder optimism and sense of excitement about the share.

Gla,

Atb,

Northern

Looks like the spudding will be next week then.

Atb,

Northern

Thanks tradedesk,

I sincerely hope you are right. It will seem like investing in a new share with prospects, if this finally, like we all hope, takes off.

Atb,

Northern

Thanks edgar22 for clarifying.

Hopefully, the 25% will still start to return Aminex a good revenue. It's been so long a wait I think I am trying to take the cautious approach whilst at the same time hoping to be surprised.

Gla.

Atb,

Northern

You are doing a great job tradedesk with your information and optimism. The only thing I'm not sure about is your certainty of how it hit 7p and will do so again. It might well do but the last time it hit 7p as far as I remember there were a lot less shares making up the companies capital.

My concern is the previous delays. I hope we can get drilling soon but my gut feeling is saying Q2 2024. A start would be 2p and great results would move the sp up but that would be counting chickens.

I honestly do hope we get great results - I have been waiting a long, long time! I suspect any s drilling results would start to come in middle of next year.

Keep the good work up! Admire your positive outlook.

Atb,

Northern

I'd be just happy when we can get a drill spudded(the real test for me, as I've consistently said due to past delays) and a price of 2p would be a great start!

Atb,

Northern

Thanks THE_CHAIN I'm just trying to see some way they can increase revenue but maybe once they do get all these things sorted at least, hopefully there will be a jump in revenue.

Atb,

Northern

Me. Whilst Zephyr are sorting out their way forward 're the 36-2 well can they not do something on a more short term basis and get something positive moving from the 16-2 well?

Atb,

Northern

To be announced in the coming week?

Atb,

Northern

Yes, the key will be getting production moving. We are where we are though. Shame they haven't been able to move 36-2 to a production test as it will obviously prolong the increase in the sp(so patience still required). So far the company has been seen one(before the 36-2 incident) as pushing forward as quickly as they can. Hope they can soon, however they do it get things back on track and we get the production moving. So, basically more patience required

Atb,

Northern

Feeling based on delays and 're-think of 36-2 would mean at the earliest in terms of possible production we are looking at Q2 2024.

Atb,

Northern

Thanks Oilworker1. Basically frustrated. Quite a few of my investments are just waiting on delay after delay, or there have been mistakes made which have caused further delays. Based on the law of averages I wouldn't have expected this to be the case, especially with knowledgeable and experienced operators! I am hoping this is just a one off for Zephyr - but it seems to be the case that Zephyr just do one thing at a time in this case the 36-2 and nothing will follow until that is sorted. That is why in essence I am hoping for an insight into their medium term plans -:as far as I am aware the haven't produced one which concerns me a little.

Atb,

Northern