Member Info for NorthernMagic

were going to email Falcon to ask if it was possible to get some sort of update. Did anyone receive an update or is it a matter of going back to sitting and waiting - looks like the sp is slowly drifting downward. I had really hoped like probably most of us by this stage the sp would have quickly been heading upwards. Would be good to get some really good news out of the company to counteract the recent negative(or probably more accurately - little) news.
Atb,
Northern

share back over 2.5p and heading towards 3p. It doesn't sound like much to ask for but this share seems to take an awful lot to get it moving in an upwards direction. Fingers crossed - would be really good to get an update after the first half of the year to get a feel of how production and higher prices are lifting revenue.
Atb,
Northern

news arrived. I'm expecting some news this month re the drills coming on stream before the big announcement hopefully in early July of the spudding of the Paradox lateral and also most likely an update re the McCoy lease and if Zephyr has decided to go for it. Fingers crossed they will.
Atb,
Northern

Not that I can see from the Website tom111.
Atb,
Northern

From the last paragraph on the page that relates to the McCoy Option it definitely looks like they are going for it :-
The company believes the proposed McCoy Acquisition is the first in a series of expected deals designed to build value via attractively priced, low risk assets which have potential to deliver production in the near term. We believe the McCoy lease will be an excellent addition to the Zephyr portfolio and will both complement and balance our newly restructured Paradox Basin appraisal asset.
Atb,
Northern

next week . Here's hoping for the
"We expect a continued flow of further announcements both on operations and on strategic initiatives during the course of this quarter".
We were promised in the RNS on 10th May.
Atb,
Northern

Yes , Fingers crossed they are finalising the deal will be a great venture to be involved in with an experienced operator and a BIG Project. While the Paradox is the obvious focus I think the McCoy Option will be a fantastic move for Zephyr - like I've said before maybe they have the money but I assume to take up the option on such a big project will require a lot of money.
I'm happy just to sit and wait as with lots of things with Zephyr at the moment - the gears are in motion and they are cranking the handle faster and faster!
Atb,
Northern

The odd thing to me was it read as if they were about to make a decision in 2019 - then things got postponed. So, it sort of implied they had the cash to decide on the option then - it was just that the timescales moved. So, if they had the cash then it made me thing they would have it now and making the decision to go for the option sounds a great fit to what the company are trying to achieve. Like I say though it doesn't read to me as a clear statement on their website - but maybe should take things on face value and if they opt in before 30th June(with whatever money they have to do so) then all well and good.
Atb,
Northern

to be a definite plan but we just have a drilling schedule for the year and no signs of progress.
What does POQ do with all this free time and also are the coming looking at other assets. If there was more of a diversified portfolio at least something might be happening in one part whilst this one seemingly grinds to a halt!
Atb,
Northern

Hi Adon30,
If I'm reading this right that seems to me that Zephyr must make a decision to do this by the end of June 2021.
It sounds like an incredible prospect but given what they are currently tasked with will they have funding to be able to do so - unless they can extend the option until they do have funding but I'm not sure if that will be allowed/will work as presumably the main operator needs to get the funding to ensure the drilling starts at a particular time.
I've tried reading this section a number of times on their website but still cannot quite grasp if they have to take up the option(if they can afford to) or if it will expire. If it expires that will be a great shame as it looks potentially a really great investment.
Maybe other posters on here understand the situation better than I do and can explain.
Atb,
Northern

Lots of good news to be positive about. I'm also wondering about the upcoming drill. In a way it might be seen as a bit of a test case as to whether Zephyr can deliver what they have talked about in their plans. If they do and I certainly hope they do for the sake of the company and shareholders then I think we might see a lot more people starting to buy into the share as they will have then proved what they are capable of and so will be more plausible, or another way of looking at it less risky as an investment.
Atb,
Northern

Thanks for the positivity elland. I'm trying to keep positive about this company. The thing that really frustrates me is I have stayed positive for quite some time but with all the news good news recently what I cannot understand is why it hasn't already rerated. Maybe some properly reported revenue figures at the half year mark will do the trick.
Fingers crossed.
Atb,
Northern

be something that was really going to surprise in a good way the shareholders :-
We expect a continued flow of further announcements both on operations and on strategic initiatives during the course of this quarter.
I hope today's RNS wasn't the strategic initiatives he referred to! It might seem an odd thing to say but in terms of strategic initiatives I'm expecting some big announcement(s) that are really going to move the company forward. When I bought my shares in the company it sounded like they had both the drive and ambition to really move the company forward. At the moment everything seems a little piecemeal and just adding a few bits on here and there. I honestly expected more and wanted to be surprised in a good way by big ideas and initiatives.
There appear to be other companies who are looking at the US and at distressed assets to buy into quite lucrative money earning possibilities but that doesn't seem to be anything President have considered. I thought by this time of the year with these successes we would be over 3p and heading upwards. I thought PL had the experience and know how to really get this company moving but I don't know what it's going to take with current plans to get the sp back to a reasonable figure. Come on PL lets have some rewards for your long suffering shareholders.
Atb,
Northern

I think the penny has dropped and people are starting to realise that the model the company is pursuing and it's experience and expertise are going to come good. The key thing I think will be getting the lateral drill right - who's to say they won't but it is there prize asset and it is money from this as well as other projects that will start to fund their expansion plans. Quite a way to go but for now looking good.
Atb,
Northern

this company this week and the next few weeks as they head towards the spudding of the State 16-2 CC LN lateral drill.
Looks like they are aiming for July 1st - fingers crossed for other news before then too as other wells might start to be connected up re the four DUC wells and any further news they might have to share with us.
Atb,
Northern

and given there was a delay to the Annual Accounts and Reports do people envisage the next news at the AGM around end of July 2021? Frustrating not having a progress update as to what is happening on the ground but sadly unlike other companies Aminex have always seemed to work this way.
Atb,
Northern

here is hoping for a number of new announcements as promised by President in a recent(10th May) RNS :-
We expect a continued flow of further announcements both on operations and on strategic initiatives during the course of this quarter.

Atb,
Northern

hoping to do well the shareholders jokingly talked about the 5p and 10p party.
Anyone have any suggestions when for this share the 5p and 10p might be reached.
This is a risky business though and sadly for that other share shareholders are still waiting.
Atb,
Northern

Hi tom111,
I've had a look back through various presentations and RNSs and cannot spot it. I might be wrong but I thought I had seen it somewhere in one of their announcements/documents and thought it was lower than that but cannot see it at the moment.
If anyone else spots it could they post it please. I'll have another look and will post if I spot it.
Atb,
Northern

I'm hoping we get some news and still waiting to hear about those strategic initiatives that PL has been teasing us with. I appreciate that the Paraguay sign off is to some extent out of their hands but sooner rather than later please PL.
Atb,
Northern