Member Info for NorthernMagic

Sorry for the autotext confusion. Good = bopd and Wilkinson = Willotson.

producing in the not to distant future.
Paradox 16-2LN - 2100 good
Willotson previous acquisition - 709 bopd
Wilkinson new acquisition - 871 bopd
A total of 3680 bopd - that's not bad going to start.
Then there is increased production as further drills come on line.
So, all in all looking pretty good - and they have a JV with a company looking for further production deals to keep adding to this valu e.
As far as I'm aware this doesn't include gas either.
Given the CPR is due out soon too and high oil and gas prices there should be some substantial revenue hitting the bottom line this year. Food for thought!
Atb,
Northern

Cannot see that it won't be voted through for exactly the reasons you quote.
That extra cash flow is going to be really, really useful!
Atb,
Northern

Hi Evan3020,
From a September Presentation last year the following was mentioned
4 acquisitions completed to date in 2021
– Interests in 7 currently producing wells (509
boe/d in August and growing)
– Interests in 15 additional wells on-line by 31
March 2022 (200-300 incremental boe/d)
Hope that helps,
Atb,
Northern

personally I 'm thinking the backend of Q3 if not some time in Q4.
However, once started does anyone know how long the drilling of CH-1 will take?
Another question does anyone think it's odd that Malcy doesn't mention Aminex today but does mention Scirrocco - he didn't respond either when I sent an email on his website asking why Aminex was not included in his bucket list this year - they seem to be off his radar!
Atb,
Northern

A stream of great news from this company. Very oddly the oil and gas sector seems to be dropping whilst the oil and gas prices are as high as they have been for some time.
All this company needs is a number of positive news releases and if investors believed in the management last year - what's changed. There's been a slight delay and that's it.
I don't think it will be long before we get a turn.around and some successful production, revenue and profit.
Atb,
Northern

I thought this sp was starting to motor. I cannot see any details from Falcon so assume the news relates to drilling of one of the other companies. Shame as I thought we were starting to get a general upward movement in the sp i.e. That the general results would push Calvin's sp higher. Sadly it seems to work the other way.
Would be good if Origin could get some great results of their own to turn things round.
Atb,
Northern

particularly awe inspiring in terms of President's performance and share price. Like we've been doing for a long time with this company it seems to be a matter of keep wsiting.
Results at the end of Feb.
More drilling results to come.
Paraguay drilling still a number of months away.

So, let's see if PL has anything else up his sleeves. We know the profit must be better this year but PL has promised for a long time and the sp has far from reflected those promises.
Here is hoping we get some so movement soon. It's particularly frustrating as a number of other shares are now seeing their sp rise.
Atb,
Northern

12p and heading towards 20p in the not too distant future with positive drilling news sounding like it's on it's way.
Atb,
Northern

with this share at the moment. Hope things continue this way and we get the drilling going on time in the third quarter.
Atb,
Northern

the possible recoverable reserves quoted in Zephyr's website and they quoted 143million barrels. Looking at the market cap and thinking about the maths then there is some idea of the potential we are talking about here. Will be very interesting therefore to see what the latest CPR report reports. If substantially upwards from this figure then things are only going to get better and that is just in the Paradox. I think this board has ambitions beyond this.
The report cannot be too far away now - here's hoping those figures make great reading!
Atb,
Northern

for this company. So much great work they put in last year that highlighted fantastic potential. We will see what the CPR days and although it will be purely an indication of reserves and not how the market cap will be all the decisions the Board have made so far suggest to me that the market cap will move up quickly. The Paradox feeding other acquisitions and the other acquisitions feeding the Paradox growth can only lead to greater growth and therefore higher market cap. I'm just so pleased I got in at the beginning but the current price looks very attractive.
Atb,
Northern

When Amines were drilling and everything was getting very exciting - here is hoping those times return.
Atb,
Northern

about the progress being made by the company - the current production figures, progress at the Paradox well and the publication of the CPR. All of these were alluded to in CHs recent interview. I think we will then turn the corner and the sp will be on it's journey North again.
Atb,
Northern

Thanks Elland,
Must admit that is very similar to my thought processes. We must stop agreeing :-)
I hope exactly the same just surprised the market didn't see it that way now!
Like you say though give it a bit of time. I'm certain of one thing this management don't stand still, they'll be looking for the next deal(s) to keep moving forward.
Atb,
Northern

Wentworth achieved in Tanzania in the last year. I don't see any reason why Aminex under Ara's operatorship shouldn't achieve great results too.
Atb,
Northern

solution = dilution

the placing is to deliver near term shareholder value. Oil and gas are at relatively very high prices and they are going to have access to a lot of both. Yet the price has still fallen - is it something to do with share solution in time, or have I misunderstood something?
Atb,
Northern

had hoped that with all the good news towards the end of last year we would have been closer to 10p by now. However, given.how well the sp did last year maybe it was bound to run out of steam a little. I think with the next few RNS s though Colin will well and truly stoke those boilers again.
Atb,
Northern

Newtofo,
Thank you so much for taking the time to answer my question. I really appreciate it. I'm just trying to get my head around who would make the decisions 're any sale of Falcons share. As you have pointed out it is sounding quite complicated and also sounding like 2023 before some of these scenarios start to play out.
Atb,
Northern