Member Info for NorthernMagic

Crazy delays! How long have they had to sort this out. Very sad these continual delays and It doesn't somehow give me that confidence the delays imply about getting things right.

Let's hope the drill does come good and the drill in Argentina is successful too - that so needs lots of positive news behind it I see though the drill in Argentina is now expected towards the end of this year. So, it might be sometime next year till we hear about that.

Always seems jam tomorrow with this company.

Atb,

Northern

Comments relating to production. I'm not sure about the numbers to expect(seems to vary a lot 're posters) but am hoping firstly they can prove a decent rate then there is the issue of selling the production.

Will need to wait and see but should be interesting to see what figures they report based on the expectations this could be a very productive well.

Atb,

Northern

What might be a good(e.g. 1000 bopd), very good(e.g. 1500 bopd), excellent( e.g. 2000 bopd) result from the test results of 36-2 or am I over estimating the possible result range?

Atb,

Northern

A total guesstimate RoJo,

Maybe 2p end of this year 3p end of next. Who really knows?

Just been waiting a long time to get the drilling started again and some revenue coming in.

Time will tell.

Atb,

Northern

It's a very difficult one caesar,

Difficult because of that last part of the question 're projects implemented. Obviously we are hoping for some revenue this year but with this company timings have in the past slipped. Hopefully with the current operator and government pushing for gas there will be less of this.

In terms of larger revenues and projects implemented this depends on the drilling of CH-1 and NT-1 so, we don't have indications of the timings of those and hence difficult to say 're the sp.

As a pure guestimate though maybe 5p by the end of this year 10p sometime next year, dependent on drilling and success of that drilling.

Atb,

Northern

Any news re the Ntorya-2 well ("NT-2") which was scheduled to be drilled in order to obtain information about it at the end of March. Maybe we will get a proper update at the AGM.

Atb,

Northern

If they are ready to start production testing by the end of June are we then talking about late July early August for a production test result.

Would be good to get some positive news to get the sp maybe doubling?

Atb,

Northern

Thanks newtofo

Atb,

Northern

I thought that the last well was going to prove the process and it would increase the sp by a multiple.

However, it's obviously not been the case. Falcon pretty much seem.to be sure they know what the problem was and that it won't happen.going forward.

My concern is they have drilled a number of wells and have not got it right yet 're proving commetciality.

So, the question is going forward - the next wells is it a given that they will now get everything right and we will get the reward we are waiting for i.e multiple values of the sp or is it likely they could get it wrong again?

Atb,

Northern

On the production increasing and other things going on behind the scenes but as far as I am aware no news yet that the drilling is ready to go in Paraguay - unless I have missed some news?

Atb,

Northern

Heard anything 're all those on going discussions. Heading towards the end of June now which only leaves us three months until October.

Atb,

Northern

I thought this drill was going to be the drill that got everything right.

Correct location.

Correct length.

Use of proven expertise that works the way the US drills work.

Getting the gas stimulation correct.

So, why are they getting it so wrong. I need to catch up 're the recent RNS s as I've been offline for a few days. Will be interesting to hear what POQ says 're this, how much it matters and strategy and if it has at all changed?

Atb,

Northern

Positive test results announced next week too.

Atb,

Northern

're all those things that are supposed to be under discussion at the moment.

Hope things haven't stalled and we are going to get more delays.

Atb,

Northern

Yes, that is what I was wondering 're where they were in the 30 day test. Fingers crossed it's a good result they can build on.

Atb,

Northern

Or is that a little too early?

Atb,

Northern

Interested in given all the delays this company has had in getting to the drilling stage is that a drill has spud and following this gas is being sold. I get concerned when we get promised lots of talks are on going then we don't hear anything. Given past experience this results in a drift down in the sp.

Hopefully we hear something soon.

Atb,

Northern

The tests some time in June or is it a matter of come back in July?

Hope if no results re the tests there will be at least some other positive news soon.

Atb,

Northern

Yes, It's been quite a wait newtofo,

Would be good to get the sp up to a higher level.

Atb,

Northern

Sounds like news is building. Hopefully, it's a good result from the well being tested. They've put a lot of effort in to this one so here's hoping they get a very positive result.

Atb,

Northern