Member Info for NorthernMagic

When you think of 3 drills this year and another 10next plus more wells added to non-op production that could be an awful lot of production and revenue and in relative terms not too far away. I suppose it all depends on what time frame you are looking for your returns in.
Atb,
Northern

invested in this company think that all the revenue from non-op assets will go completely to the 3 upcoming drills or do people think that some of it will and some of the revenue will go to further non-op acquisitions? The reason I am asking is that I am assuming they can either increase the percentage of new wells they buy into or go for other bigger non-op assets e.g. The McCoy drill they were interested in some time ago - must admit the prospect appeals to me. It would spread risk, be a great deal(s) and would provide more near term revenue for further expansion in drilling.
Just pondering on this but it does seem appealing.
Atb,
Northern

Thanks for the positive comeonvog
Will be interesting to see what the sp is at the end of the year.
Fingers crossed.
Atb,
Northern

probably.does tinge judgement with negativity but I really didn't find today's RNS very inspiring.
PL talks of quiet.confidence but we don't seem.to get a lot of things for us LTHs or even.New shareholders to be inspired by. He doesn't appear to be pushing the company forward as far as I can see 're positive PR or initiatives.
Increased debt when for some time PL has talked of reducing debt as a priority.
Not great movement in production and even this year they don't seem to be able to achieve a reasonable market price - much below as far as I can see.
Acquisitions - material efforts being made in this area and looking at possible geographical acquisitions outside their current geographical areas - they seem to have said this for a number of years and have done nothing.
I Are these fair criticisms or have I missed some positivez?
Atb,
Northern

increased buying of shares and the share price heading back towards 5p.
Hopefully it won't be long before we are over 5p again and heading northward.
Atb,
Northern

Some time ago President Energy said they would make acquisitions if/when it was right for the company. So we have waited and waited and waited but in the mean time lots of other companies have made acquisitions or taken a share in non producing assets which have allowed them to use that money to expand and are still doing so to help raise money to carry out such expansion.
So to me the obvious question is why can these other companies do this and yet President with.a Trafigura member on the board don't appear to be able to find such opportunities?
That seems very odd to me and I cannot think of an obvious answer?
Atb,
Northern

message from Zephyr has been reinforced and that their optimism and determination to grow the company and to look for great opportunities to do so has once again been analysed.
The knowledge that experienced investment managers are putting their money where their mouths are and see this share having a great possibility of growing substantially in the near and medium term is great news for shareholders invested here.
Atb,
Northern

Made a great listen. Sticking to the same successful strategy and you can hear the excitement in CHs voice 're the forth coming drilling campaign, the production from the overlying reservoirs, the recycling of cash into more non-op assets and the large increase in reserves. All sounds good and CH sounding as optimistic as I've ever heard him.
Atb,
Northern

that PL is and has been so quiet for quite some time now.
I didn't think this was his style - makes me wonder whether something is going on in the background. Would be good if we had some real impetus to the sp - maybe he sees Paraguay and the Farm out all we are due for this year. Time will tell.
Atb,
Northern

I really thought they were a very much bigger company than this and that they have been operating in Tanzania for a number of years. Having said that their investment in Scirroco therefore shows two things. Firstly a vote of confidence in a geographical area they have a presence in and secondly they must be expecting this investment in the medium term to add substantially to their market cap.
Both of these imho are good indications for Aminex's future prospects.
Atb,
Northern

Over the last three months. Will be fantastic to get the debt paid off and if revenue is coming in from the Paradox well with the oil being trucked them that will help. There are then the additional wells and I wouldn't be surprised if they look for more non-up assets to buy - why not it's earning them.good revenue!
Still looking good to me despite what I think is the temporary drop in price.
Atb,
Northern

THE_CHAIN,I
Exactly pretty much what I was going to post. July should bring further good news.
Atb,
Northern

would be good to get this drilling campaign.underway and to get.some news flow coming in.that will start to give the share price some impetus as the company moves towards selling themselves to hopefully the highest bidder.
Atb,
Northern

I've not seen anyone question this or provide the reason but it does seem really odd to me that at the moment the company are only getting 66 dollars for a barrel of oil.
Last year they told us for ages that they were carrying out work that would save the company if memory serves me right 4 dollars a barrel. I would have thought with their supposedly very strong relationship with Trafigura that could achieve a much better price than 66 dollars. Am I misunderstanding something?.Surely that would be a great way to add a lot of revenue to the bottom line.
Atb,
Northern

is illustrated well by today's RNS. Not a bad RNS on the face of it but just 5 trades today just 4k sold. Nothing seems to move the share back.now at 1.50p.
This is from.a company that says they want to maximise shareholder value - what are they doing with the company to do - farm out to start in Q3 're their potential large has exploration. Slow progress 're incremental production growth. Nothing the company is doing is getting investors interested and the company has gone into quiet mode. Do they do rosdshows? When was their last presntation. So odd that the management aren't
Pushing forward as they always argue they have skin.in the game. Very poor share performance in the sp this year.
Atb,
Northern

searching out good incremental investment and production to f2f to revenue. Having said that I didn't really expect anything different with this company. Lots of news to come in future months and good to have these surprises thrown in.
Atb,
Northern

getting much more positive in Tanzania 're building relationships with third parties. This is exactly what I thought I was buying into a number of years ago! At last!
Atb,
Northern

Wentworth have made this investment because they have confidence based on where the Ruvuma project is currently at that it will be going ahead has a set schedule and is expected to earn the company a lot of money.
Amines are funded to first gas, so there is absolutely no reason why Aminex too shouldn't earn a lot of money. The company just has to sit tight make the right decisions and must NOT sell off any of it's share. This is a huge resource the operator are drilling for and are going to monetize, so there is absolutely no reason for Amines to sell down, or sell of their share.
LTH have been waiting for returns for years now and don't deserve to be sold out - that is my main concern.
Atb,
Northern

will be very interesting to see what the test results show.
Atb,
Northern

moving forwards having a good partner and the company looking for great projects.
Atb,
Northern