Member Info for NorthernMagic

It has an awful lot going for it. If it was undervalued some time ago then I'm sure logic says with increasing production and better prices and Trafigura on board and a Paraguay Farm out(and the exploration potential that implies) just round the corner and diversification in terms of Atome and potential deals both with that and rumoured picking up of more assets then at some point surely the sp must start to head higher. Here is hoping that moving towards the end of May we will be heading back towards 3p and beyond.
Atb,
Northern

Yes I can. Ok so there has been a bit of a dip this week and we haven't stayed up over 2.50p even but - we've more drilling currently ongoing, there will be revenue coming in for more gas produced shortly, oild prices are still, relatively speaking high(so much better than last year). Paraguay Farmout is on it's way once it gets to the right persons desk and we get the signoff - maybe next week or definitely before the end of May? Generally speaking this week has shown quite a lot of dips for companies in the O and G sector, doesn't mean that next week could well turn the other way though.
There are results to come hopefully before not too long re performance in the first half of the year.
There is further drilling in the second half of the year which could add some good production to figures.
Atome haven't announced anything yet but I believe deals are being considered.
There are rumours President might be picking up more Argentine assets before not too long.
It's Friday!!
Fingers crossed for a nice turn around next week!
As always all imho and please dyor. Hope that's cheered you up KRTH.
Atb,
Northern

Hi steven49,
Thanks for the reminder with this post in terms of resources - a huge number in terms of oil but I hadn't quite realised until your post how much gas there is supposed to be there - that's HUGE. Really interested now to get the Farmout details and some info re the first drill and the targets and what they are aiming for initially. As always all imho and please dyor.
Atb,
Northern

BODs knowledge and experience to, even at this early stage grow the company. It looks like a few people are criticising them for the size of deal - but personally I very much like the fact they are buying into to some early generating revenue prospects which have the potential to grow substantially in not too long a period of time - then repeat the process!
The Cane Creek lateral drill is also of obvious importance but when these other opportunities come along and they fit into the Zephyr Energy revenue generating strategy then why shouldn't they snap them up.
I really appreciate what the company are doing with a great energy in terms of growing the company - lots of good news to come here in the the near and medium term. All just imho and please as always dyor.
Atb,
Northern

Yes,
All looking good and they are starting to look at those opportunities and take advantage of them as soon as possible to increase revenue. A good management team pushing forward on a number of fronts. Great to see.
As always please dyor and all imho.
Atb,
Northern

Hi comeonvog,
I appreciate your earlier post and the progress that President have been making recently but in the interest of balance(and I have often been said to be too optimistic) I don't think anything is a cert but I am hopeful that 3p could be achieved.
As always for any other posters reading this and especially those who are thinking of investing their hard earned money dyor and all imho.
Fingers crossed comeonvog.
Atb,
Northern

Sounds like if they can boost production they might be able to have some good prices to boost revenue.
Atb,
Northern

President Energy and that they can continue with the good news and we get an update on Paraguay too.
Atb,
Northern

and that next week we will be into trading days in May when it feels like we are moving into Zephyr Energy's next phase - receiving income from the first producing well and also the other 4 coming on line in May. I also assume given how this management want to push things forward that a lot has been happening behind the scenes for the planning of the lateral drill. All exciting stuff as we move into the next stage of their plan.
Atb,
Northern

further good news we will see 3p and beyond in the not too distant future.
Atb,
Northern

RNS and some very good progress being made. Not long now before we move into May and get fairly soon hopefully the news re the Paraguay Farmout. Plus plans for the second half and oil, a strong oild price and gas price - and I couldn't have put it much different myself in terms of what the contrast will be between this year and last with the combination of strong prices and increased production. Here's hoping that President can keep delivering - though the pace might slacken off I still see some great results ahead and one that will earn a lot of revenue that can then be reinvested - possibly an acquisition to assist production would then fit in well?
As always please dyor and all imho.
Atb,
Northern

that Falcon have a roughly 22% share in a huge amount of gas in the ground and just hope that in future drills and proving how much can be produced that they get it right and the sp starts to move up to much higher levels. Seems painfully slow progress at the moment but I don't know if this is normal in these circumstances or not.
Atb,
Northern

Yes, The shares are a bit of a conundrum AParky. Just hoping they can make some real progress this year and get that sp heading up now. Like you say, it is what it is with the current number of shares now.
Atb,
Northern

I think the answer will be a combination of the answer to your points 2 and 3 below.
If the company delivers on all fronts - in the areas it is growing in for point 2 then the company will grow and point 3 may mean it then becomes a bigger cap company then with points two and three improving might mean that point 1 becomes less of a problem(and in the medium term the company might decide to do something about that anyway) Time will tell.
Am now feeling a little more positive than earlier in the day but what will make me a lot more so is if the sp strats to trend upward again soon.
Atb,
Northern

admit they are all good and valid points and they have left me thinking - what is the way forward for President Energy and it's sp based on their current sp.
I've no easy answers - one of the things that I thought might prove useful was a consolidation. However, I believe the management of President have considered this and based on advice they have been given say no.
Malcy, in his blog update today says one of the brokers had set an sp of 4.3p and Malcy says he is more positive than this - in fact I'm sure some time ago Malcy mentioned a market cap of £100m(currently at 2.25p for £43m) which would suggest a sp of 5.23p but President even given all the recent news struggle at getting back over 2.5p!
So, I honestly don't know what the answer is - lots of positive news should attract investors but it doesn't seem to be happening at the moment either.
I can therefore only sit tight and wait - maybe President will change their mind re a consolidation, maybe further positive news and there appears to be lots of it at the moment will bring some much needed increase in the sp - for the moment it looks like we are going to trade sideways for some time.
Atb,
Northern

Hopefully onwards and upwards.
Atb,
Northern

far and lots more to come I did honestly think this share would be over 3p by now and trending upwards. Cannot get my head around why with all that's gone on this year and with the price of oil strong compared to last year and so much more news to come why it seems day after day is like Groundhog day and the sp just appear to be drifting sideways rather than up.
I probably should be much more positive but I do find it frustrating that results don't appear, at the moment to be reflected in the sp.
Maybe May will prove to be a better month.
Atb,
Northern

President Energy re the Paraguay Farmout. I'm assuming it is going to have a positive impact on the share. Do other posters think it will have an initial impact on the sp when the announcement is made, an impact only when the first spud has taken place or only an impact on positive results. Reason I ask is it might define a bit of a strategy for buying into the share.
The company also has a number of other streams for it's news flow so these should - if things move well and production is added to help to also have a positive impact on the sp especially presumably with much higher revenues this year but I'm particularly interested in how people perceive the market taking the Paraguay Farmout being announced and all the details that will be provided at that time.
Things seem to have been a little flat over the last couple of weeks re the sp - here is hoping that in moving towards the Farmout there is a more positive impact.
Atb,
Northern

I must agree KP4Ever,
The gut feeling I have is that they would love to go faster but that the Bakken and Cane Creek will provide their engine for growth. I'm particularly interested in a few things they have mentioned - firstly the number of possible projects they have looked at where the Bakken one was at the top of the list, no doubt there are others they have a great interest in. Secondly the McCoy lease in Colorado looks a huge potential project but presumably will require funding.
I think CH is sounding like he's now playing things cautiously but once the Bakken revenues start coming in(not long now) and if they have a really good result re the Cane Creek lateral well - things might start to move more quickly again.
Time will tell but hopefully it will be somewhere between the 5-10p range by Christmas this year.
All imho and please dyor but I believe there are very exciting times ahead for this company.
Atb,
Northern

Couldn't pick up where PPC are referenced - skimming through the interview - any idea when they are mentioned?
Atb,
Northern