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About 14m
39.50 paid there
How many shares do Mangrove need to buy to cover their short?
Heads will roll at mangrove increasing their short at 22p by an extra 9mln shares ....ouch !!!!! and still not bought 1 back yet ....OMG someone's in trouble ....lol
FLYING
39.45 50,000 SING 08:43
39.8 50,000 CANA 08:40
39.95 10,000 08:43
40 50,000 STFL 08:39
40.2 55,001 JANM 08:43
40.25 60,000 SCAP 08:43
40.25 50,000 MREX 08:43
40.35 50,000 PEEL 08:43
40.45 50,000 INV. 08:43
And now into auction
MM's now on the 40's
40 50,000 STFL 08:39
I think the recent rises have been really encouraging. Before we jumped up, then fell down a bit, then jumped up. Now instead of the super days with 22% up then a steady fall, we are seeing 8%, 6%, lose a small amount. Its a steady but currently quick rise. Year highs will be regular.
I bet Mangrove are going to love this RNS when they wake up this morning. Boy I hope it hurts them hard after all the trouble they caused. Can’t wait to see them buying back stock.
WHI View: For a super-giant oil and gas field under appraisal, Kodiak benefits from exceptionally high quality controlling data, namely, three well penetrations (the most recent of which was a very significant step out well that came in on prognosis) and, critically, 3D seismic coverage that eSeis has calibrated to control the stratigraphic extent of the productive reservoir. The point is that there is a high degree of confidence in the NSA estimates and future appraisal results will have direct read-across to a massive scale resource. Scale matters in our opinion. Specifically, scale attracts funding. Scale also presents Kodiak as a means of providing meaningful growth in the context where US shale oil production in the Lower 48 states is stalling. We believe that given the high quality of the Kodiak resource and the very real potential to optimise developmental wells to fully exploit the relatively high natural permeability and porosity of the field, the company will be focusing on the upside case in terms of what is really at stake – a view that we believe is corroborated by our observation that the main US shale plays considerably overdelivered relative to initial expectations. That focuses attention on the 40% uplift to the upside case (3C) recoverable resource estimate of 2,840 million barrels of liquids and 11.75 tcf of natural gas, provided by NSA. The update is positive and provides unequivocal validation of the resource potential of Pantheon’s 100% held Kodiak field from a globally recognised expert, namely, Netherland Sewell & Associates. We remind investors that we have long-believed that the macro context will be determinant for the fortunes of Pantheon and we see that context changing significantly and positively for Pantheon. We highlight rising oil prices and an increasing appreciation of the potential for oil scarcity into the mid-term and long-term, due mainly to the tiring out of US shale oil production in the Lower 48
This is surely worth 50p+ now with this news
I can't envisage this not hitting a new year high today
I am amazed we are not over 40p already with that RNS, but all in good time I hope.
Only one MM left on the 38p now as we look further up the chain towards 40p
38 50,000 STFL 07:58
38.5 50,000 SING 08:10
39.15 55,001 JANM 08:10
39.25 50,000 CANA 08:11
39.35 50,000 MREX 08:11
39.35 60,000 SCAP 08:11
39.4 50,000 WINS 08:10
39.4 50,000 INV. 08:11
39.4 50,000 PEEL 08:11
No stopping this now !
07:39
That should be "Topset" and not "Topless" ......lol, predictive text or Prof Freud?!
Q224 CATALYSTS
88e's flow test results from Hickory 1st test (Upper SFS). POSITIVE
IER on Kodiak inc. new acreage. POSITIVE (1208bn +25%)
Webinar on 10th April
88e's flow test results from Hickory 2nd test (SMD-B)
LKA report on Alkaid deeper.
CGA report on SMD / topsets.
SLB modelling.
Further news on vendor agreements / financing, hopefully to lead to confirmation of next drilling programme.
AGDC news on financing of their FEED.
Megrez funding announcement and drill summer/winter 2024
You’re right, thanks for the correction.
07:28
Hi chriscom - actually, 2 more IERs are expected shortly. One on the Alkaid ZOI and another on the SMD, now called Ahpun Topless.
Excellent news from PANR today. Be very clear on the following:
- Netherland Sewell is recognised globally by the O&G sector as one of the Top 3 or 4 Independent Experts. Do not allow anyone to belittle their bona fides or get away with "they would say that, wouldn't they....they're getting paid for their work by PANR so PANR can tell them what to say in the IER." That's complete nonsense. If Netherland Sewell is to maintain its professional reputation such that it's used by firms like Exxon then they don't conduct themselves in that manner. Ever. If any bears repeat that nonsense today, be sure to ridicule them publicly, and robustly.
- very simple maths might see the SP increase by >10% today. The addition of c.245mmbo P50 contingent resource at Kodiak adds approx 10% to the recoverable resources across Kodiak and Ahpun. It also increases PANR's contingent resource by 24%.
- It's becoming more and more obvious that the oil service firms are waiting for these 3 IERs to arrive prior to signing off on possible vendor finance. I suspect we'll hear more about that tomorrow. To me, that means these negotiations are dead serious.
- Recent descriptions of PANR's gas volumes support the contention that PANR is genuinely a cornerstone stakeholder in the supply of low CO2 gas for the proposed Alaska gas pipeline. Here's how I think of the base case. Even if PANR gives the gas away for free, it means there will be no requirement to drill and maintain 500 gas re-election wells. This could save PANR up to $5bn from its capex budget. This has the effect of improving the projects NAV, but even more importantly for the short term will improve the IRR such that external finance becomes easier to attract. Good stuff and keep an eye on any announcement from Governor Dunleavy in the next couple of months.
- really looking forward to the webinar tomorrow. To anyone who hasn't signed up for it, it's dead easy....takes less than 2 mins.
Another IER coming in the next month which could pave the way to a funding decision. Looks like it’s going to be a very interesting month/quarter!
Making its way back to a quid all being well , over time of course.Gla
Poor old Mangrove😂😂😂😂😂😂
As I said yesterday 20-30% and it’s 25% :)
25% upgrade !!!!! Excellent news another 250mln barrels … that on it’s own would be a massive discovery and yet here we are and it’s attached to another billion barrels lol amazing and don’t get me started if the gas as well …. And NS done the report some comes with the highest stamp of approval you can get …..
This is also their mid modelling the higher is 2.8bln and as jay said big fields just keep getting bigger and bigger.
Good day ahead…. Mangrove must be spitting out there coffee this morning lol
700k shares so far.