Member Info for NorthernMagic

just wish President Energy was making similar progress. Would be nice to be surprised PL.
Atb,
Northern

shame that Aminex didn't have the funds for this. Having said that Wenworth have a good presence in Tanzania so sounds like a great move.
Atb,
Northern

Thanks newtofo,
I thought something similar would be the case. Just trying to get my head round timelines. So, I think we are talking about Falcon maybe looking at selling at some point in 2024.
Atb,
Northern

Thanks Brasso3 for the numbers - looks like May numbers are marginally down comparing May with February but hopefully prices received from April were higher and am not sure if Louisiana numbers included here. Hopefully the revenue received month by month with higher prices will mean increased revenue.
Atb,
Northern

Thanks Islandgirl,
This is by coincidence the exact strategy I am following with Zephyr Energy.
Atb,
Northern

This looks a really good find. I'm finding the phrase "most exploration will be finalised by 2023 "
Hard to interpret - does this mean the drilling will be finalised by 2023 or the decision to drill will be finalised by 2023?
Atb,
Northern

The drilling etc is going to take some time - but the wait especially with the longer laterals.
Should have read
The drilling etc is going to take some time - but the wait should be worth it especially with the longer laterals.
Atb,
Northern

No won't disappear any time soon!
Here for the next 2-3 years as I've said a few times. The next six months looks particularly exciting to me and I'm hoping the sp can at least double for a nice Christmas present and then continue to build for the next round of drilling.
A master stroke to get the non-op assets - and avoiding debt and the revenue will soon pay this off.
Also great news re trucking and selling some of the 16-2 production.
Happy to sit and wait - a lot of people on here at the moment seem to expect news every few days! The drilling etc is going to take some time - but the wait especially with the longer laterals.
One reason I've stayed away from the board is there appears to be bickering about various things re Zephyr's strategy and communications and as far as I can see both are spot on. I don't like that sort of bickering all a bit pointless and doesn't do anyone any favours imho. Anyway hear's to the next exciting news and thank you for the heads up on SOUC - I believe Malcy is thinking of putting that one in his bucket list.
Atb,
Northern

Hi tom111,
I had to smile reading this post. A company with a decent discovery and planning to drill a number of wells shortly and the broker is taking notice and presumably that is an.updated share price figure. Somehow it sounded familiar :-).
Seems to be a lot of negativity on this board - hopefully posts like yours will get people more positive again.
Atb,
Northern

investments in different ways as we think it reflects our judgement. In terms of where we are with the current price and what our prospects are over the coming six months(and I believe we have a recent target price of 4.5p) where do people think we will be in 3 months time and 6 months time. I'm just trying to get a feeling of how people feel about PLs management and his management style and whether you think this lets have less communication but say more when we communicate is working.
I sometimes think when it goes quiet like this maybe PL is hatching some further plans and he'll surprise us - I really do hope there is some activity going on in the background because it does seem awfully quiet at the moment.
Atb,
Northern

of this company can move. Hopefully with a bit of positive news and maybe a couple of deals this one could move North quickly.
Time will tell.
Atb,
Northern

Brilliant question - this is what frustrated me - especially with all the increased revenue.
For whatever reason - and they seemed to have been advised to do this they are communicating less. Imho I don't think this is a good thing.
Atb,
Northern

Thanks comeonvog. That's exactly how I've felt for the last couple of weeks.
We seemed to have disappeared off lots of people's radar and volumes and trades in the share seem to have really dropped off.
Atb,
Northern

I've been pretty patient for about 5 years now lol!
Atb,
Northern

I sincerely hope it's an improvement in last year. The thing is though that presumably is due to better prices this year. It would be good imho to see increased production. Ways of doing this could be e.g. acquisitions or the farm out later in the year might get things moving - but still a mystery to me why they can only start looking at the farm out in Q3.
Hopefully we will get some good news before then.
Atb,
Northern

company - seems like we've had roughly one RNS a month for each of the last three months and not much use of twitter on the website.
I cannot see any evidence over this period that the less frequent but more substantial RNSs is making much difference to the share price. Still stuck where it has been for some time now. No increase in volume on the shares being bought and therefore little interest to drive the sp higher. Not sure what but I think some aspects of the strategy will need to change.
One thing I find hard to understand is they told us about Martinez del tineo and the reactivation of a farm out process in April this year but why is it going to only start in Q3. Surely they had all the info available from the last time the farm out was attempted - not that long ago - 2016. Why couldn't they have started it in April, May...? why does everything seem to get dragged out with President - I'm probably wrong on this but it gives the sense to me that any sense of urgency has gone.
Hope they can start to get thigs turned round in the second half of the year, as far as I can see the first half hasn't achieved much.
Atb,
Northern

Good point about the volume comeonvog,
It's the volume we don't have and the management going quiet for prolonged periods based on new advice I don't think helps matters. Need something to change to make investors interested and believe in the shares prospects.
Atb,
Northern

day thing with investors buying shares post the Jubilee weekend and thinking the share is currently well undervalued?
Atb,
Northern

Hectic is good!
Atb,
Northern

Mem,
That's exactly the point I made last week - I think the bopd was a similar guess your dollar amounts probably a bit higher than mine but the conclusion similar - that's why I cannot see why the sp has stalled - unless I'm not seeing something that others are. Just hope our conclusions are right and the sp follows the revenue and profit. Time will tell - if anything I will be adding to my holding over time.
Atb,
Northern