Member Info for NorthernMagic

Was starting to get worried when nothing had arrived by las Friday - close of play.
Can relax now and hope this company can now start to be able to make some progress and act like a real Oil and Gas Exploration company. Will come back in about 6 months time and see if we have made some real progress.
Well done for hanging in there and GLA.
Atb,
Northern

we will have further good news from President Energy this week and an uplift in the sp soon - fingers crossed.
Atb,
Northern

my mind is - do the Tanzanian Government have enough money to be able to allow this to go ahead and then to pay for the gas that is produced? Is that a possibility or am I is that not a possible reason for their reluctance to sign the Farm Out agreement?
Atb,
Northern

too far away - next few weeks? (I appreciate there will need to be extended tests for a better understanding of how good the results are) I don't think it will be too long before the sp breaks through the 10p barrier as more people want to get on board before the share really takes off.
Atb,
Northern

news including today has now lead me to , as I thought a couple of weeks ago now think it isn't sadly going to happen. If it was to happen then surely it would have happened by now. A very sad state of affairs and not looking good in terms of what might happen for the future for Aminex. So sad that it looks like the Tanzanian government has led us to this but it will obviously back fire on their future plans.
Atb,
Northern

was confirmed on their Twitter feed today President Energy are looking forward to supplying continued news flow in the weeks and months ahead. Feels like exciting times at the moment.
Atb,
Northern

I was thinking that we would be getting more news flow towards the end of the year. However, the thing that made me smile is that I think this is just the start of the increased news flow and that the company as it builds its base in Argentina is just going to go from strength to strength. Momentum has now been built and it will just keep on building. So, it's not just where we are now it's the platform that has been built for big growth in the future - yes! As always dyor and all imho.
Atb,
Northern

would be over 2p by now and heading up. If all goes well that 6bcf is a few years gas added to the portfolio and onwards and upwards in terms of what President have in terms of planning on all fronts. Let's hope lots of people now see the potential and the sp gets up to a much more realistic level.
Atb,
Northern

Can the Tanzanian government really afford to send this sort of message out to future partners they say they want to work with? If so - i.e. no deal then they can kiss goodbye to an awful lot of investment other companies would otherwise be prepared to make in their country.
Atb,
Northern

hear any further news re initial production/flow rates - does by the end of October sound unreasonable?
Atb,
Northern

today. I bought a chunk myself yesterday, so am hoping there will be further good news before not too long.
Atb,
Northern

Is it expected news darientaylor or are you just teasing us?
Fingers crossed for some more good news.
Atb,
Northern

Yes, Fingers crossed for some news in the next 9 days. I think if we haven't heard by the end of this week though it isn't going to happen. All imho and please dyor.
Atb,
Northern

Energy next week - either in the form of an RNS or two or a few updates on their Twitter feed. Cannot remember which supermarket the slogan relates to - but every little helps!
Atb,
Northern

starter then maybe people will start to buy in based on anticipated results of the tests.
Atb,
Northern

company is and where it could be before not too long. The list of positives is looking good
1. New relationship with Trafigura - whatever that will bring.
2. Increasing production and a more diverse portfolio across the oil and gas percentages.
3. Paid down debt this year.
4. Possible acquisitions.
5. New renewables department within the Argentina and the country is now pushing to increase renewable energy production.
6. Paraguay - drill at some stage maybe with a Farm Out partner.
7. Is now not limiting itself to Argentina - though that is where it could still increase production.
I might have missed something but I think that's enough to be getting on with for now. A combination of the above moving forward could have a dramatic effect on the company.
And possible negatives well maybe
1. Overstretching the company with money and resources tied up in Paraguay - but then as a drilling company if President didn't have some risks then it wouldn't attempt anything with potential high reward.

PL has promised a lot more news flow and here is to an exciting time in the months ahead.
Atb,
Northern

Farm out to get signed off. So much for the close cooperation between the Tanzanian government and Aminex and also that the Tanzanians are doing all they can to get foreign investment in the O and G sector working with them in their country. It's an absolute farce!
Atb,
Northern

relationship with Trafigura and any idea what that form might take. It's really good now that President has so many areas in which they can build progress and hopefully each one will build on revenue and therefore feed into the sp. All imho and please DYOR.
Atb,
Northern

tweets to come from President Energy next week.
Atb,
Northern

whisper. I'm afraid it's not looking too good for this month and the Farm out being signed unfortunately. Not sure how long this can drag on for but it is hugely frustrating as a long term shareholder in this company who just aren't able to get things going again re the drill bit again.
Atb,
Northern