Member Info for NorthernMagic

in terms of Paraguay and their chosen first well drill site. I thought because of what PL said previously that they had got it wrong before and are this time definitely going to get it right. If you had a lot more certainty 're the drill this time then wouldn't you think the first drill - and presumably you would want the first drill to be a successful one to have a chance of success of over 50% - but today it's stated at 17% and the RNS seems to say what would you expect from exploration. Having listened to what PL has said over a number of years I would have expected a COS of over 50%. Have I misunderstood or is this the best we can expect from the Paraguay drills?
Atb,
Northern

I must admit it does seem like a number of things are coming together and hopefully these things will bring more buyers in. I really hope so, the government deal 're trying to get things moving more quickly can only be a good thing imho.
Atb,
Northern

I don't think it will be given all the excitement and what seems to be positive noises from the Zephyr Board. I listened to the recent interview again and whilst primarily talking about the revenue from the acquisition that was talked of as only one of the things currently being worked on in the background. We will soon.see 're the CPR and I'm hoping it will bring a very favourable reaction and lots of buying and hence a jump in the sp. Will soon know whether that's the case or not.
Atb,
Northern

Only guesstimate Bluerover,
I seem to remember somewhere they were thinking of longer laterals - therefore maybe producing more? If they can get the drilling right and all proves up then they are well and truly on their way. Cannot be sure what the sp will be but yes why not somewhere in the 20-30p range.
Atb,
Northern

but assuming the three wells due in the second half don't include the Paradox first well then.assuming(possibly a big asumption) all three wells are successful and possibly a cautious estimate of 1500 bopd . Then those 4 wells will give 6000 + day 1700 from the non operated assets = 7700. Assume a price of day 65 dollars would give 500500 a day or approx 183m dollars per year. That's a lot of money and a very cautious estimate of 1500 bopd.
So, all looking good - I suppose the most difficult thing is delivering on.those drills but presumably they have learned a lot from the first drill. The big thing in my calves is I might have underestimated by a lot how much they can produce from these drills. Looking very good and I cannot see that some of that revenue will not be used to further increase the non operated assets. Time will tell.
Atb,
Northern

look forward to next week. Hope everyone has a great Easter.
Atb,
Northern

Yes, I would be over the moon if got over 10p. I'm thinking 9 is possible but with more news coming up after the CPR then I'm hoping then it will take the sp to 10 and beyond. Would be good to get news of the Paradox well producing and it's volumes and revenue coming in. Still love the fact in the recent interview the acquisition was just one of the things keeping the team busy.
Atb,
Northern

Hi elland,
This company seems to be good at that(apart from getting the company who deliver the CPR on time ;-) )
Fingers crossed - lots of news flow to come hopefully.
Atb,
Northern

possibly Wednesday this week or Thursday but possibly more likely Tuesday next week due to Easter. Do people think it will lift the sp into the 7-8p rane,8-9p or possibly over 10p. I appreciate it's all guesswork - but wold be interested to know what other people's opinions are.
Fingers crossed and GLA.
Atb,
Northern

CU = CH!

CU = CH!

CPR landing shortly - could be this week or might edge into next week because of Easter holidays.
I watched the proactive update yesterday. CU was on good form. He played a very straight bar to me whilst at the same time highlighting how pleased they were with production and revenue from the non operated assets. Is it just me reading too much into it or was the team being very busy a little indication that other things might be happening behind the scenes we are not yet aware of. I'll watch it again later today just to see if that's how it feels then or possibly it was just me!
Atb,
Northern

don't seem to have done in a long time - nearly a 10% increase today. Come on President - get your act together lol
Atb,
Northern

I was just thinking the same. Not only that but the recent RNS says to me that the foundation they put in place some time ago is now bearing fruit. They have a base to build on and given.what the CPR is soon going to tell us I cannot see much wrong with their strategy. Nothing is nailed on but this is looking good and the only issue they have as far as I can see us the timing of bringing new production on line - however as part of their strategy it includes non-operated assets and with sufficient funding and a JV group looking at potential acquisitions then they can increase the production flow via this method when funds permit - all sounds good to me.
Atb,
Northern

I think we will get news soon. Not sure on what but presumably they have info re the drill results in Argentina, hopefully there are more plans there then there is an update at some stage re Paraguay.
I'm also waiting for what President can tell us re the cryptic comment in the RNS from 13th January this year :-
with a view to diversifying the geographical focus and nature of our energy asset portfolio in respect of which Atome sets a clear precedent. We are fortunate to have a proven track record and profitable platform from which to achieve this as well as supportive key shareholders.
"We look forward with confidence to a successful 2022 and the expansion in value of our group of energy companies".

Hopefully by the end of 2022(things seem to move slowly with President) the sp will be at a much better level than it currently is.
Atb,
Northern

returning after yesterday's excellent news. Much more to come especially with the CPR and will be interesting to learn of the strategy. What I don't understand as I'm not knowledgeable in this area is how they are going to commercialize the different reservoir layers identified in the first drill. I assume these layers hold substantial value and might be less expensive to recover oil from as the areas are not as deep?
It will be very interesting to read what is said about this. Really looking forward to the next series of news. Sounds like we have a great few months ahead of us and an exciting year!
Atb,
Northern
I

starter was served. We have the main coming up shortly and it will be nice to see what gets served as the pudding!
Lots no doubt going on with the company and a lot of revenue coming in which no doubt will be out to good use.
Atb,
Northern

END in the title = RNS
Predictive text!
Atb,
Northern

will be first quarter 2023. Do people think the current.BOD will just sit on their hands for a couple of years or with revenue coming in do you think they will diversify the company's portfolio?
Atb,
Northern

but also a very reassuring RNS 're the CPR report.
Next week it is then!
Atb,
Northern