Member Info for NorthernMagic

moves announced today are good on a number of fronts. Similar strategy to bring in more revenue, great JV making use of their partners knowledge and expertise. Excellent news and a good increasing number of bopd from their existing producing investment. Time ticking along and we will find out 're the bopd from the Paradox well - so far, so good.
I think at some point when they have more money in the coffers the bigger non operated investments will come.
Atb,
Northern

investments to give them an income stream for further operations going forward. No debt and a good revenue stream going forward - great move and all from existing cash resources. Building very firm foundations.
Atb,
Northern

are still stating
The Group is also actively pursuing value accretive acquisitions of high-quality production and development assets capable of delivering positive cash flows and shareholder returns.

When as far as I'm aware that intention is way down on their priority list at the moment. Whereas the phrase actively pursuing suggests it isn't.
Atb,
Northern

as referred to on President's website on 3rd September. The website gives a link but looks like you have to submit your email to get the report and I don't want bombarding with emails from the company. Would be intersted to know - or is there somewhere else that quotes brokers target prices I can check.
Atb,
Northern

tell us about their plans the more excited I get about this company's future.
I just hope they can build the production and revenue they appear to have set their course on.
Can't wait for the next few weeks and months!
Atb,
Northern

or stabilize around this value until we get further news?
Atb,
Northern

Fair comment theyknowitall.
I was just answering a question Thebhoys had asked.
Looking forward to more news from Zephyr in the coming weeks and months.
Atb,
Northern

Thebhoys,
If only Aminex had the management that Zephyr have it would have been a totally different story. Sadly Aminex had to sell off part of their excellent asset and it's since been a waiting game - a very long waiting game - total contrast to what Zephyr have achieved in a short period of time.
Atb,
Northern

Great to have the extra publicity and for the current situation to be brought to a new audience. All publicity is useful I think.
Atb,
Northern

Quite amusing in an odd sort of way to wonder which of the 2 would reach 200million and how much longer it will take the other one to get there!
At least with the other one we should commence drilling in 2022 :-)
Atb,
Northern

Sounds great - lots of green lights and loved the end of the interview. Production figures from the non operated wells shortly and don't be surprised if there are further aquisitions! More of the same which sounds brilliant. There is so much going on and I honestly cannot see the sp staying in the 6-7p range. Before not too long am hoping for 8-9p and above.
Atb,
Northern

Good to see the price of oil over 70 dollars again. All boxes well for extra revenue from Zephyr's wells and non operated acquired wells too!
Atb,
Northern

That's exactly what I'm hoping for and when I look at the very short term I often remind myself of that quote from CH not that long ago about substantial increase in the shareholder value by the end of this year! All good.
Atb,
Northern

imho. Lots of the hard work now done and are now waiting for the results of that hard work an update on the 7 wells now in production and plans for the next stage of the journey.
Here's to an exciting future with a well run company with a great team all pushing forward with ambition, caution and intelligent decision making.
Atb,
Northern

very good to me. Great to have some positive news like this - it's been a while.
Atb,
Northern

from these lows. Let's hope it is sustained - it needs to be to get to where we want this sp to be!
Atb,
Northern

the results when confirmed at the end of October can be measured?
For example would 500 - 750 bopd be considered good, 750 - 1000 bopd very good and over 1000 hope excellent?
Atb,
Northern

DFIT results also suggested evidence of matrix permeability consistent with other prolific resource plays.
Atb,
Northern

to one of those fantastic and enthusiastic CH interviews to take us through today's RNS in his unique way. Am also expecting more buys to come in this afternoon and for the sp to be closer to 7p by the end of the day than 6p.
Atb,
Northern

All looking good to me. Sounds like the DFIT has gone really well and now looking forward to production figures by the end of October - great progress!
Atb,
Northern