Member Info for NorthernMagic

Of a good President Energy RNS but still the sp doesn't move. Yes very frustrating but I think they have just to keep going with what they are doing and somehow get production up.
Atb,
Northern

to the bottom line without any addition to costs. Sounds really good and not long to wait for the more competitive price increases. Great RNS!
Atb,
Northern

performed as a drilling company. The few things I seem to remember about them.is that they have had success in and have historic links with Tanzania.
Other than that I don't know much about them as operators. Can anyone provide more information?
Atb,
Northern

see 7p plus in the coming week.
Atb,
Northern

DO Basin =DJ Basin

I still think an acquisition or a part joint venture in the DO Basin McCoy Lease would provide a great opportunity for the company. That's just my opinion but the way this company works I cannot see it ignoring a good opportunity should one arise and as far as I can see from Zephyr's website this is one that the lease holder has given Zephyr first refusal of they were interested - the key thing here is that it would be a share in a large development in a mature basin with lots of expertise in the area. All sounds good to me but time will tell.
Atb,
Northern

additional fronts to come in the next few weeks to. Glad they informed us about the slight delay to the CPR - will put an end to lots of speculation.
Atb,
Northern

It won't be long before we get an update on the CPR, production progress at the Paradox via an update, news 're production and revenue from the non operated assets and possible further news if something attractive has dropped up and this company does seem to move fast when it sees an opportunity.
Still very excited about the firm's projects and it's expansion plans.
Atb,
Northern

but presumably we will definitely get news sometime next week plus other news possibly.
Not long now.
Atb,
Northern

Thanks elland,
Good to hear from you. Yes, spotted that in Malcy's update today.
Trying to stay positive on this share - I always think President make slow progress and should be pushing forward more. Maybe there will be new developments that surprise us and then we have Paraguay to look forward to - fingers crossed.
Atb,
Northern

In the RNS interesting
I look forward of informing you of further developments over the coming months.

Quite often OLd comments seem shrouded in mystery. This could relate to Paraguay but the words further developments he has something else up his sleeves.
Time will tell.
Atb,
Northern

Yes I agree SQ320,
I remember that - it took them an age to get things into the country I believe. My hope is that with interests aligned more between ARA and the Tanzanian government then that side of things has improved. Having said that though it is pure speculation would be good to know that this side of things have got a lot better as this could well add to delays if not.
Atb,
Northern

albeit very slowly drilling later this year but my question is what do the BOD at Aminex do all day?
ARA are the operator - the last RNS was about Seiesmic - not underway yet on 02/002/2022
The RNS before that re operatiions was in December 2021 and was about Seismic preperations - again re ARA.
I suppose they finally got the money re the receivables due - but nothing else seems to happen.

Can they not do anything at the moment because of lack of funds and so it''s just a matter of waiting for ARA RNSs?

Atb,
Northern

I must admit I feel the same NicetoMichu,
In the one hand it seems a great price. On the other hand the share just hasn't moved for an age.
So, I suppose there are 3 things that I'm considering. One is drilling going ahead at speed, sadly no. Second could Paraguay make a huge difference? Possibly but possibly not - bit of an unknown risk. Third we've been promised decent acquisitions and that isn't happening.
Therefore my reluctance to invest more because I'm struggling to see what is going to move the sp upwards. It's still very tempting at these prices I just wish I had more confidence in President's strategy and therefore there future prospects. Sadly, PL has promised a lot but sadly not yet delivered.
Atb,
Northern

The company will have been earning money every day from their acquisitions and no doubt there has been more going on 're the Paradox drill and production and hopefully sorting some sales of oil and gas out.
Presumably the CPR will be arriving next week and will make some very interesting reading with the company no doubt highlighting the important numbers.
Very much Looking forward to next week. Have a great weekend all.
Atb,
Northern

Hope our luck soon turns round Srdoddy,
I was a bit lucky with my initial purchase but it's treaded water for a little while whilst at the same time there has been some great news - there will be money being earned each day now and the company has soon great plans going forward. I suppose it's all about the time scales but I'm happy to be hear for a few years.
Hope you are soon back above your break even and heading northwards.
Atb,
Northern

Even the positive people on this share get frustrated - it drives you mad being invested here at times.
Fingers crossed for some good news soon.
Atb,
Northern

There are a few things I'm really excited about in this coming year. I'm hoping if they can get the drilling right and can drill longer laterals then.production from the new wells will materially increase production. It wouldn't surprise me if they went for an increase in non operated assets but the dilemma then might be finding - having said that if production continues to increase well they can keep putting money into their portfolio.
An sp of 15p by year end this year but I have confidence in the BOSs ambition - so possibly 20-25p wouldn't be outside the realms of possibility. There are also the unkowns the company might be looking at that we are not aware of yet.
Atb,
Northern
Atb,
Northern

Yes,
Fingers crossed. Should make some great reading. Money now being earned from the acquisition everyday. Presumably it won't be long before some of the Paradox production starts to get sold and the gas.
Might take a bit of time to get the further Paradox drilling underway. However, as Malcy intimated this management does not sit still so I think we've got another very busy year ahead going forward.
Atb,
Northern

Yes,
Fingers crossed. Should make some great reading. Money now being earned from Thebes acquisition everyday. Presumably it won't be long before some of the Paradox production starts to get sold and the gas.
Might take a bit of time to get the further Paradox drilling underway. However, as Malcy intimated this management does sit still do I think we've got another very busy year ahead going forwatd.
Atb,
Northern