Member Info for NorthernMagic

Haha KP4ever,
Nice coincidence and great to see him out there with boots on the ground - love the man's enthusiasm and it obviously excites him hugely what plans they have for the future and why wouldn't it. Going about things in a great way - excellent planning and lots more to come. I wish some of the other shares I'm invested in could have a similar go ahead attitude. Sometimes it's a real painful wait with other companies you get the feeling this company is wanting to make fast but safe progress at the same time. All imho and please dyor.
Atb,
Northern

I've seen this sort of behaviour with a number of shares before Havyanska. The company might make to what seems like them a positive statement - the last RNS but without news the sp slides. Very frustrating as there is not much you can do about it and just have to wait as there is not much positive news in terms of other assets Falcon hold to counter balance the negative.
Also, after all Origin said about pushing forward quickly because of initial findings the progress seems to have slowed right down! all shareholders have is a drilling schedule for the year with no indications as to when we might get the next news flow. People may be selling to reinvest in other companies that they see have much better near or medium return possibilities. Very disappointing!!. All imho and please dyor.
Atb,
Northern

positive CH interviews. Hopefully soon there will be further news on progress.
Atb,
Northern

One thing that was much talked about at the time was when Trafigura came on board. I thought through that relationship there were ways in which they could help President but despite having a Board member now have they delivered tangible benefits to President?
I also agree that it would be good to have some numbers published quarterly. I don't think they do this - do we have to wait till the half year before they can update with numbers. They, by the sound of it are doing well with the current drilling but what i the overall picture and how is improved pricing affecting revenue. These are all positives which the market might start to appreciated.
Atb,
Northern

a little while now. Just wondering if they are preparing the decks for a good announcement or two.
Fingers crossed.
Atb,
Northern

Yes, It was the strategic initiatives bit that really intrigued me.
Atb,
Northern

It's a good question. Sounds to me like they are giving it an extended test then based on those results will see how much it can assist with further recovery. Difficult to tell how many it will apply to unless President announce findings in the future.
Atb,
Northern

Thanks Adon20,
Much appreciated.
Atb,
Northern

Hi papaduke,
I've had a look but cannot see any indication they have given re how long it will take to drill the Paradox lateral - they are aiming for a July spud and in the info they provide they mention meeting milestones but no indication of what those are.
The company do say that they are expecting news flow and I missed it before but a good interview on their website dated 10th May with Flagstaff TV which is very upbeat and explains their strategy in terms of operational and non operational investments. So, all sounding good.
Atb,
Northern

Is any news due - in terms of a scheduled update by the company.
What ever happened to Killiwani? Or is everything now in the hands of the current operators. Would at least be nice to know what progress they are making.
weren't Aminex also owed a lot of money by the Tanzanian government? I suppose one small bonus is the sp has moved up a little recently. Been so many false dawns with this company though. I remember when ARA were first mentioned - they were the company that had operated in Tanzania and would come in and make quick and real progress ......
Atb,
Northern

I was going to post a similar post too tnbird. Get's frustrating and it's at times like this when I wish that Falcon had another asset or two or three other assets to grow the company whilst we wait for news(what do the management do with all the time on their hands - are they looking at other assets?). Two months since the last main update. Ah well , I will pop by next week and see if we have at least some news!!
Atb,
Northern

May. An update re the wells going on stream and an update on preparations for the lateral drill in June/July this year - what a great day that will be when it restarts again!
Also anything else this management team has up it's sleeve.
Atb,
Northern

the sp moving - but 2 RNSs and both positive. Times ticking on in May - news on Paraguay next week anyone?
Atb,
Northern

for more drills to go on line soon and be reported. There is also the core analysis and the view on what that might mean in terms of drilling and preparations for the lateral drill no doubt under way. So, a little lull whilst we await news and a small drift down in the sp but nothing to be concerned about. We also don't know what other things this company are looking at and I'm sure there will be a few pleasant surprises in the not too distant future.
Atb,
Northern

of the number of shares in issue and maybe if nothing much changes in terms of being able to move the sp from this unrealistic low price he will consider consolidation - though I believe it has been considered in the past and was rejected - doesn't mean it will not change though.
What I find good though is that on a number of fronts they are pushing forward and getting reults and all is adding to the bottom line - plus there is news about Paraguay die soon.
I cannot think of many firms that have been as busy as President and have been in these last few months and there seems to be a real push by PL to keep things moving.
In terms of strategy it seems fairly clear to me. Make best use of the Argentine assets they can, adding to them if more become available, get Paraguay ready to drill with the Farmout, additional revenue added to the bottom line might prepare the ground for acquisitions though I think acquisitions are on the back burner for at least this year whilst they concentrate on operations in Argentina and getting things moving re Paraguay - maybe acquisitions next year.
The Atome project could bring some good results but not sure yet what they are aiming for and if any funding will take some time to generate returns. So, all in all I don't think things are going to badly. The fly in the ointment is the sp - but current large shareholders in President might have a say in that at some stage. I'm just hoping the current momentum continues and we see further progress this year with a platform for more to come next.
Atb,
Northern

Origin wanted to fast track the drilling based on previous findings then there was the moratorium and a long wait.
There don't seem to many current signs that they are getting the drilling right. I hope I'm not being too unfair but I thought this company had good experience and therefore wanted to fast track the drilling and that they would use that experience and we would get good results - like the initial findings. Could the issue with the current well have occurred for any drilling team carrying out the drilling?
Here's hoping we get some news soon - very annoying the long wait to get news especially if it isn't going to be good news - and it would be good to have some updates as to where things are at from Falcon too.
Atb,
Northern

right at the end of the RNS very interesting.
We expect a continued flow of further announcements both on operations and on strategic initiatives during the course of this quarter.
It mentioned strategic initiatives plural rather than just mentioning Paraguay - intrigued me that - maybe it's just me but found that interesting - and this quarter too.
Atb,
Northern

They just to me seem to be one of those companies in the right place at exactly the right time with a strategy built for growth and the knowledge and experience to achieve it. All imho and pleas as always dyor but I think there are very exciting times ahead for this company.
Atb,
Northern

Well put papduke,
Personally I see one of the really good moves which if they were to opt for it would really push the company along is the McCoy lease in Colorado and like you say they are deal makers, so all bodes well.
Atb,
Northern

share. It will give us a very good indication re the lateral well - other new wells will start to bring the money in and between now and the end of that six months it wouldn't surprise me if we had a few more deals sorted by this management along the way.
Atb,
Northern