Member Info for NorthernMagic

That would be really great if they could get an increase in reserves from the 3D. Can APT state that themselves based on their 3D findings or do they have to get that independently verified?
Atb,
Northern

I do find it odd that Steven49 has sold out and yet continues to spend his time on this board complaining about the Argentine economy as if trying to justify his decision. Yes, this share hasn't performed as many of us have hoped but there are still positives out there.
I thought you would have been better searching for somewhere to invest your funds rather than adding negativity to the board.
Atb,
Northern

we have extra production hitting the bottom line in H2.
There is also the drilling in.Paraguay which we haven't had too many updates on of late - hopefully news soon and that all is still in track in Paraguay. Must admit I feel a bit annoyed about Paraguay - PL said they had definitely got it right this time - then a cos of 17% was quoted and OK is stepping away from.President to focus more on the new group and possible deals. Just hope we get a better result in Paraguay than that 17% suggests all imho.
Than there is a farm.out of the gas field - again hopefully that can move forward successfully.
So, by the end of the year we might get a much better sp but the uncertainty 're President Energy in terms of future strategy gives me a cause for concern. In my eyes it would be good if they could diversify - use some of that revenue to get further production via other acquisitions and keep.using that strategy. Gerry the right assets at the right price can transform.a company - other companies have done this and OK is supposed to be good at deals. This night sound a bit of a rant but having been invested in this company for some years now I just want to see it better.
Will also be interesting to see how the new strategy works 're Atome and lithium but that is going to take a while to come to fruition. Time will tell.
Atb,
Northern

Hi Srdoddy, Sincerely hope you get that money back and more in the coming 6 months the n more added on top of that if they can expand the drilling as per their plans. Hope all goes well.
Atb,
Northern

with excellent and increasing revenues. Great to have this constantly growing revenue stream supporting the company as they move forward into their next exciting drilling phase.
Lots more news to come and am looking forward to the sp hopefully doubling of not more by year end.
Atb,
Northern

more to come both in terms of increased wells on production and increased news flow 're drilling and possibly further acquisitions - they are continuing to execute their strategy and performing well. Keep it going Zephyr!
Atb,
Northern

Must admit that is what has confused me. Malcy had spotted that they had more or less upped their possible gas to double what they initially said some time ago. He's usually always ready to jump in when he thinks there is a multi bagger but not a word today. Possibly he just thinks the news today is not that significant.
Atb,
Northern

he either missed the news, doesn't see the news as significant or Aminex is totally off his radar for some reason.
Atb,
Northern

we'll soon find out. Fingers crossed.
Atb,
Northern

Just out of interest Bubble2021 - did you mean to type 18p+ in your post or
8p+ ?
To me if they can drill the three wells successfully by the end of the year, get some more non-op assets added to the portfolio and sell more from the 16-2 well then would be good to have say 20p by year end - then next year a lot more expansion!
All imho.
Atb,
Northern
Atb,
Northern

kicks off again.
Atb,
Northern

Don't think he will. For whatever reason he never mentions them and seems to purposely ignore them on his bucket list. I think Wentworth are his favourite in Tanzania, just mho.
Atb,
Northern

time for this but at least now we have a few months before hopefully the drill is spud in November this year and then given the operator's expertise and knowledge we should start to make some progress from December this year and on into 2023.
Will get more and more exciting as we move forward to spud - I really hope there are no further delays and this company starts to operate just as I wanted it to do a number of years ago - and why I invested here as a true oil and gas company.
Drilling and succeeding in building a company that will be able to grow from it's current size and hopefully in time diversify to spread the risks.
Atb,
Northern

day by day there is some great revenue being earned with the non operated assets.
News in early August on this - not long to wait for that then hopefully some good updates on the drilling.
Atb,
Northern

Would be fantastic if the company could start to build a pipeline of deals so they can start to build an income stream. Hopefully that have a number of people queuing to place orders. Hope so as the more interest they get the more it will generate.
Atb,
Northern

that President Energy is still worth buying at these low share prices. Interest seems to be drying up 're volumes bought of the share. No news 're Paraguay today either.
Atb,
Northern

as to how the enlarged group will be funded - presumably the two existing parts will finance themselves but how will the Lithium exploration and deals work, how will these be funded and how does that for in with the consolidation - presumably this will be made clear to us in time but not clear to me at the moment.
Atb,
Northern

Isn't there usually a review of the previous year and an outlook on the plans going forward.
As far as I can see there was just a factual statement of what the company do!
Did anyone attend the meeting and was there a presentation and discussion of the plans going fotward?
Atb,
Northern

I'm certainly with you on that one grsshaw,
They will probably argue that the new things will be the Paraguay drill and the gas field Farm Out and nothing new other than these on the table. However, PL has been very quiet for a long time and occasionally can surprise for the better. Fingers crossed - it really does need something new imho.

Atn,
Northern

Don't panic!!
Has given an upbeat 10 bagger comment as well - fairly soon too!
Time will tell but the next 6 months will be very interesting.
Atb,
Northern