Member Info for NorthernMagic

Yes,
Really excited about the next week and month. Will be good to see the tests starting and the drill spudding.
Atb,
Northern

I thought all the positive news would increase buying and it seems to have done but the sp hasn't moved much. I think the key triggers will be increased production and revenue.
Shouldn't be long before we start to make sales and get a kick up in the sp.
Atb,
Northern

to come will bring in lots of buyers or not. I think seeing all the buys today has put that one to bed and we haven't even started drilling yet!
Atb,
Northern

Well done Zephyr - more of the same please!
Atb,
Northern

Very much agree there THE_CHAIN,
So much information to be provided in that Webinar whenever it takes place and I think there will be more for Malcy to question CH on when the information is provided at the Webinar. Pointless having lots of questions to pre-empt what is going to be announced. My gut feeling is that is why Malcy has been put on hold.
I think that interview will come - as all helps to get publicity out there on the strategy and to do it as much as possible.
Really excited about the next couple of months.
Atb,
Northern

here's hoping it's because CH is just too busy with everything else and we've got lots of good news soon.
Atb,
Northern

Thanks THE_CHAIN,
I'm still hoping they grow the company for a couple of years at least and maintain the model of operated and non-operated assets - really like the model. I suppose we just have to have patience and wait to see what unfolds.
Atb,
Northern

Does anyone have any doubts as to the share attracting more buyers to push the price up or do people think it will be a natural process once the drilling results start to prove up the resources and develop the field? I hope that will be the case but would be good to start to see the price moving quickly out of the current price range.
Atb,
Northern

As far as I can gather the increase of non-op assets are part of their on going strategy too with more acquisitions of non operated assets taking place in the future and repeat. It was a fantastic initial part of their strategy and think it will help to quicken the pace of development as time moves forward.
Atb,
Nortern

and he's got an interview with Colin soon - will be interesting to hear what CH has to say.
Atb,
Northern

It sounds like the increase in available cash will be used to quicken activity on all fronts - I'm and non-op assets - wouldn't surprise me if we hear about further non-op assets acquisitions before not too long.
Atb,
Northern

here's hoping we get news on the rig contract being signed and the webinar and an initial spud date in the next couple of weeks. Presumably they will want to show some decent progress by year's end before we hear more on plans for next year.
Atb,
Northern

workovers and gas that should have read!
Atb,
Northern

Thanks Haggismchaggis1,
Good to know they are thinking of the workers and bringing the has on stream.
Atb,
Northern

hard-working = re-working

where they talk about the hard-working of NT-1 and NT-2
I could well be wrong(it was a long time ago!) but I thought there were difficulties with both these wells, or at least a difficulty caused by very high has pressures - sounds like the current operator are able to sort this out which sounds very encouraging.
Atb,
Northern

the rig contract signed and the rig in place. Will be interesting to see the timescales in the webinar. Almost too obvious to say I suppose but good success from each well an addition to reserves and a lot more revenue coming in and then I think things will take off.
Hopefully, it's a matter of getting the drilling right and seeing where we are by Christmas - then can reassess progress and on to next year and field development.
Atb,
Northern

I thought we might be waiting a few weeks. Presumably that Webinar will be along shortly - maybe next week.
Atb,
Northern

but I do find it really frustrating that given all the time they have had to get this sorted and the supposed close relationship between ARA and the Tanzanian authorities that we have a further delay. Hopefully, we don't get to the 1st March and a further delay is announced!!!
Appreciate what others here have mentioned 're the good news in the END but the delays in the fundamentals I find frustrating.
Atb,
Northern

Great summary timadamss - will be very interesting to see how revenue ramps up on top of the existing non-operated assets which presumably will help all round and might involve further acquisitions and then a base to build on next year. The main thing is to get the plan in place and execute it. Once the permits are in hopefully soon we will get to know more about the plan and will start to get things moving.
Atb,
Northern