Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
βThe updated Independent Expert Report from NSAI on our 100% owned Kodiak project and the two Independent Expert Reports from CGA and LKA have shortened the timeframe for potential partners to fast-track their technical and commercial due diligence to meet our target of concluding non-equity funding arrangements by the end of Q2 2024. β
This is firm a commitment to funding available by the end of 2Q. It is always nice to see a more clear picture of the future.
Troughsnout, your post is classic of the shorting genre. Claim there is massive placings coming up and support with your pseudo science blog updates. You seem to love the word fantasy, it appears right up there with 'heterolithic'.
Here's a few 'fantasies' for you:
Your oil career
Your technical knowledge
Your understanding of gas lift
Your awareness of the Pipeline State data and full core
Your understanding of the permeability calcs from the pressure bomb
Your understanding of the Geomark GOR analysis
Your modelling to disprove the claims you made about the type curves
I could go on but you have shown you are unwilling to defend your pseudo science when its been challenged.
Remember you are the troll.
Another spectacular comment from the failed "research" basement with zero market engagement.
I must admit, the use of "we" in the "research" notes at least gives his cleaner some recognition.
Thanks promoter alias account 1111. Moo indeed. I'll cover the short in the placing. Cheers!
What an absolute chump you are β¦.
What a load garbage ..
Conspiracy Conspiracy Conspiracy
Meanwhile your short will implode
This RNS is a classic of the genre. Hopium over an LNG project that has been kicked around for decades and still can't raise the FEED money, more gibberish over fantasy contingent resource reports. As for financing, the offtake financing is now reduced to fantasy land over 2030+ gas via said LNG project (so obviously no money anytime in the next 5-10 years if at all), and the vendor financing isn't really vendor financing at all just some vague language about reducing up front cash requirements and incentives for exceeding [sic] "target service costs"! So more equity inevitably coming shareholders way to keep the ball rolling.
Meanwhile, my spidey senses suggest the next pivot/pump being lined up. David Hobbs is Exec Chairman of Proton Green, a small OTC helium company with $20m of debt, but with some apparent helium production and reserves coming on stream. Steven Looper's helium biz was reverse acquired into a shell OTC company Cyber App and now called Proton Green. Enter one D Hobbs. Suddenly there is mention of helium in PANR's RNS's, not once but twice. Is this the next stage of the PANR story, after the Texas switcheroo in 2016?!.... I see balloons! Back into Proton Green, take on its debt, and raise money OTC in the US on the back of an Alaska helium pump. Pumptastic mate!
DH is laser focused on making decisions to ensure they reach the target of $5-10 per barrel as quickly as possible ππ» ππ» ππ»ππ»ππ»
I'm encouraged by the level of detail in the update. not least the confirmation of '2 large service companies' regarding vendor financing. i also find it encouraging that the company appointed new advisors to do the IEP for the Ahpun Topsets and Alkaid Zone to 'to mitigate delays to financing discussions'. there must be significant interest from these service providers? would potentially both service providers come onboard or would they be competing with each other for our business. and, yes, the fact that Frank Richards is quoting 'Pantheon's fields' and 'Alaska LNG' together is extremely pleasing. more work for the company to do, but it seems the next raft of updates isn't that far away
Subtle wording but if PANR and state of Alaska looking to reduce cost of gas, I assume that means some form of upfront state support for a reduce price per CF?
Anyone else read it the same way???
I have to say I agree with you and unless the Market is asleep - it also appears to agrees.
Lets hear what Mr Hobbs has to say in the upcoming Podcast.
..........as the rest is less than positive with deadlines missed and financing far from resolved. May sound a little glass half full but that's my take.
Cant wait to see what happens to the SP when the US wakes up to this news. We'll be back in the 30's by next week imo.
still a very long way to go for me to be out of the ****e. i bought in feb 22 when the sp was Β£1+
but i'm delighted to see such a positive rns this morning.
Be careful on assuming the $1 price. That's a maximum price, not the contracted price as yet.
It was *me* enjoying golf...... *he* will be licking his wounds somewhere.
Big change to the business model.
1) Previous guidance was requirement for 1 Gas injection well for every 3 production wells. If the gas pipeline gets the go-ahead (and it sure looks like it to me) then project capex could reduce by c.US$7bn. That will have a MASSIVE effect on the NPV of the asset. Equally importantly, for potential partners, the IRR will improve markedly.
2) Maths. The guidance given on the sale price of the gas equates to a daily revenue of US$500k. That is a meaningful amount which when viewed in the context of a 40 year offtake agreement will surely be of interest to financiers.
The PANR project has been significantly de-risked today. More The stock should be miles up. Full health warning - I bought another 100k shares on the open!
Shareguru
Are you enjoying your golf ?
Great RNS, oil β Gas β Helium β π³
Surprised I managed to get another 15k shares at 0.2678 first thing, nice.
Splendid news!
The gas off take is extremely encouraging: EVERYTHING pointing towards further cost reduction and therefore profitability.
I do wonder about the announced 88e "partial takeover" clause, especially as PANR are now intimately involved with assisting them...........?
Nice RNS, us LTH have much to look forward to for the coming years.
I wonder if the additional gas opportunity will prompt a new broker note or if theyβll wait for the N&S update?
Credibility intact rns as promised end Q1
roadmap still on course seems
Webinar planned
Dorward Drilling program. Planned
Gas deal looks promising Alaskan gov
Vendor financing and service deal still going forward
N&s cpr still to look forward to and imminent
Incl appraisal all new barrels on extra acreage
A POSITIVE. RNS
Well that is a hefty update jam packed full of good reading. Very, very welcome!
BUY.