Member Info for NorthernMagic

Will be another exciting week in the Zephyr Energy world. Let's hope we get some initial news this week.
Atb,
Northern

Does the company have a broker with a recent target price?
Atb,
Northern

It looks though that the production and the grade of results from that production are all now picking up which will be great for revenue, profit and therefore the sp. Sounds like the company has started to turn around. Here is hoping the so can soon get North of 10p.
Atb,
Northern

Happy to wait and see Watcher36. Will only know first news soon and that will probably just be to say the drill has gone ok - then the results are going to take a while.
The decision to drill was based on a lot of considered information by an experienced team, so I wouldn't worry. To be honest I'm quite excited.
Atb,
Northern

Thought I would have a look at some of the numbers recently mentioned in recent RNSs.
Apparently the last 2 wells capex was 135,000 dollars. Not so sure about the economics of production of those 2 wells but for the first well that they received a revenue cheque for they received 140,662 dollars for just one month!!!
These look like amazing deals to me with fantastic untaxed profits they can reinvest in further great deals then repeat the process!!
Exciting times with the Paradox but also fantastic they can reinvest revenue in such great deals!
Atb,
Northern

My gut feeling is next Wednesday at the earliest - but not long now. Presumably at that stage they won't be able to provide too much detail, so need to wait about a month and a half to get an indication of the resource.
Atb,
Northern

until the Paradox lateral news comes in. This isn't to belittle the great news today 're the wells going on production and the revenue that will generate.
Yesterday's RNS though for me cemented that there must be oil coming in the current drill - they wouldn't have invested in that average otherwise would they ?
They are putting together a strategy for the other reservoir levels, a list of other things to choose from and now the funds are starting to flow - all great news and we don't even know what is on that quite long list.
If the Paradox lateral is a good result I expect this to really fly and not long to wait.
Atb,
Northern

I notice a difference in the last RNS to todays's RNS. In the previous one they refer to creation of shareholder value over a number of years in today's RNS it concentrates on 2021
our goal is to deliver substantial Shareholder value during the remainder of 2021.

All looking good to me - an exciting few months ahead then!!!
Atb,
Northern

Yes another hugely encouraging RNS. So far so good. Plus the increased acreage which they seem to already know quite a lot about - and the future years ahead are years where they hope to add to shareholder value!
All sounds good to me.
Atb,
Northern

2.10p not quite sure what is going to move it on but hopefully some news soon and some info relating to revenues would help.
Atb,
Northern

initial estimate of 20 days drilling. Getting exciting now. Maybe an RNS later this week or early next re progress?
Atb,
Northern

across the two markets. If there is a high demand in the US will that push up the price in the UK or vice versa ?
Atb,
Northern

someone has faith in the company!
Atb,
Northern

are President due to do one of their investor calls some time soon - I know these happen periodically but not sure how often.
Atb,
Northern

or is that just me being a tad impatient. I'm thinking it might be a while before we hear anything as gas drilling now done - oild drilling is going to take a while to sort out and processing plant we already know about.
Possibly the next news will be Atome related - so that could be really good news. Fingers crossed we can get some news in to give the sp a bit of a boost and move us out of the current trading range.
Atb,
Northern

week with this company and hopefully some news this week. Here is hoping for some news and an update with how drilling is progressing even if this is just tweeted information.
Atb,
Northern

I still see the progress being made on a number of fronts are going to outweigh any of the negative issues.
President has made progress on
1. Atome - deals and presumably looking for more and are after a listing asap - the funding will help finance further deals - not sure who the management are behind this but they appear to be quickly going after what is out there.
2. Paraguay - ok it's medium term but they have the Farm out signed off and progress ticking along behind the scenes.
3. Good drilling results in first half and increased gas and oil prices compared to last year.
4. Oil drilling planned for the second half.
5. Each barrel through the reprocessing plant saves the company $4.
6. The acquisition process I believe sits in the background with possibilities to review and with more revenue from increased production and higher prices that capital might fuel an acquisition or two. I seem to remember from some time in the past PL had talked of possible acquisitions between 1000 to 10000 bopd - but the financing presumably is critical here.
7. The much vaunted relationship with Trafigura will hopefully push the company forward.

All the above I see as very positive - all though completely imho so please dyor . I still see the second half of this year being very exciting then into 2022 and the Paraguay drilling - let's hope with all the work they have done on this they get it right this time.
Atb,
Northern

I appreciate these things are tricky to calculate but I am wondering when we do get an update from President someone can have a look at the revenue numbers and give an estimate of the market cap. Is there a rule of thumb to do this?
Atb,
Northern

however it wouldn't surprise me if we got an update next week - a general update in terms of how other things are going plus progress so far on the drill. It will just plug the gap to more substantial news coming hopefully in a couple of weeks time. Fingers crossed - not too long to wait now.
Atb,
Northern

We now seem a long way from 3p let alone 5p. I think the company are worth at a starting point 3p. So, yes emphasis might be being placed on the carrot of Atome and it's prospects but I would like to see further progress on production and however that is achieved plus at some stage and I have said it a few times now something done 're the shares in issue must I think at some stage be considered. Two further points - the relationship with Trafigura might also open up opportunities and in the medium term in the background Paraguay is ticking along - so all not bad.
Atb,
Northern