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Some of those late trades are well above the close price. Lets see if this is a telling sign tomorrow & Thurs
17:15:42 24.241 774,662 187.79k O
17:12:18 23.846 56,734 13.53k O
17:12:05 24.228 281,730 68.26k O
Late reported trades.
For a board so morally correct on facts being posts, I'm extremely surprised sirmark's garbage comments don't get challenged.
Yet... I bet if he was saying the opposite (large sells coming, price going to drop) you would all be onto him like a hawk.
Just an observation for you morally correct fact hunters.... hmmmm!
Expecting some sizeable late reported trades today.
Kever the 🤡 is back…. Biggest buy signal of all
I dont think the shorts can pull it off. Each time they walk it down there is a huge order. Might see the last of unclever kever and his kind
Same old drivel ….. from the resident tin hat!
Also added. Bought at 26,25 and 24 now. I am sure it will drop further but at some point the short has to close from Mangrove (why didnt they close at 17p before?).
Hopefully the negative guy comes on who says 'strong sell' which usually gives it a great run upwards can reappear!
Where is the asset based finance Hobbs ?
How many are in the data room still ?
When is the next hot air webinar ?
What a complete and utter shower
Not ideal but I’ve increased my position by 50%
Good luck all LTHers
Shorters appear to be getting more desperate.
I too havetaken advantage of the price dip based on guidance from DH in his company presentations.
"Fundamental research on energy, industrials and other problem children. Should not be taken as investment advice. Author may have position in stocks discussed. Do your own due diligence."
Notice they recommend Oilman Jim
Make that 176,522 added....
Added 135,934 Time to buy is in the SALE !!!! we are on a massive sale vs our assets !!!
Last orchestrated push imo ... Mangrove 22.5p short and will look to close for the year end IMO .. and with news next in the coming weeks they are IMO having one last stab to at least close out the recent short at B/E .
Absolutely. This is nothing other than a hit piece to help shorts and maybe specifically Mangrove. It is close to end of month and end of financial year for some and they're getting desperate. However I am happy to buy this dip.
Re Brevarthan Research
“You’re the spoofer, the playactor, the two-faced fraud—the stool pigeon, the scandalmongerer—the prowler and the rat—the human trafficker and the car jacker,”
Bob Dylan, sums it up
Brevarthan Research has produced an appalling misrepresentation of the facts, perhaps related to the need for shorts to exit, before good news on financing, Hickory or the updated Kodiak report from NSAI are released
Laughable in its attempt to reinterpret oil field terminology and common English language, in a blatant attempt to create confusion where there is none
Case in point below in quotation marks
“Confusingly, for a company whose main objective is discovering oil (given Alaska’s current unsuitability for other hydrocarbon streams), in neither of these releases do we see an actual “oil rate”. In the first quote the oil rate is qualified by the parenthesised “separator liquids” which from elsewhere in the press release we guess (but can’t be sure) means heavier NGLs, condensate and black oil. No mention of actual black oil rate, however. Why?”
There is nothing confusing about “separator liquids” It is oil exiting the 3 phase separator.
As is well known a 3 phase separator, separates oil, gas and water, into 3 separate streams, condensate and NGLs remain in the gas stream as there was no chiller to cause them to drop out with the oil, oil and water come out as individual liquid streams.
So to be clear it is oil only, not condensate or NGLs, as mischievously suggested
Now to marketable liquids at 140 bpd, again no confusion, clear as a bell. They are a combination of oil + condensate + NGLs, the quantities are given with a 100 barrels of oil day, now having a further 40 bpd of condensate and heavy NGLs (all in the C5+ range, added from the gas stream liquids recovery, so none of the less valuable C4 (butane ) or C3(propane) included)
How Brevarthan is confused is truly a mystery, its all there in black and white, quantities and ratios
Then to GOR, again simple as
Measured GOR (3000 to 4000scf/bbl) is the actual in production number as the oil flow from the separator is compared to the gas flow off the top of the separator. This gas off the separator is rich in recoverable liquids, adding 162 barrels of liquids/million scf of gas
Calculated GOR of 1012 scf/bbl is the in reservoir undisturbed ratio, the actual number nature has created.
Brevarthans calculations in fact arrive back at the number range PANR have already stated for a 50 bbl day, 30 barrels of oil plus 20 barrels of other salable liquids, so 60% oil and 40% high value C5+ NGLs
Or in the 140 barrel day, 100 barrels of oil and 40 barrels of C5+ liquids, so 71% oil and 29% C5+
How on earth do they get so confused
In summary it is all a beat up based on misinterpreting the released data, then crafted this into a series of deceptions, based on those misinterpretations
Not something I've ever done, but sometimes you look at results and see that there are things that just don't look right, values put on things that look exaggerated. That's where shorters step in, challenging valuations. Without them, would all shares just continue with no accountability? I'm not sure, but the claims that were made here, highly promoted by a few posters (may have been just one), were cynical distortions, which IMHO should be banned, or prosecuted.
Be nice for some news very soon
At least to stop all the word salads and bickering
A few years ago I went to the pub in London with Scot after the AGM. I never knew what shorting was. He explained it was when basically you do not believe what the BOD is saying! To my cost in a few companies that made sense. BUT never start a sentence with that word!! LOL With social media and influence it is time for shorting to be banned. Scot and I fell out a few years ago. Believe me is as smart as you get. Not talked for years.
For all the naysayer's out there. How many have spoken to the BOD? And personally have you had Jay phone you? And David. I trust them. They have both spoken to me personally and Jason as well////
Looking forward to the next few weeks with news on the horizon. GLA
'very simple, very elegant and very incorrect' - love that from David Hobbs.
i see he's also Chairman of Proton Green (Head office in Houston). it appears they are in the helium and CO2 production business; they intend to list on NASDAQ this year ; and state under 'Our Advantage': Leveraging strategic offtake partners. What a guy!!
Part 2, continued from below.
So dull, yet another whinge about a market participant having the gall to carry out and publish fact-based research and comparative analysis on two listed companies who own unequal portions (in quantity and quality) of the same asset. The minute Dave Wall, former MD of 88E, confirmed this fact formally in an RNS, any professional analyst will recognise the imperative to undertake a comparative valuation. The mathematical *fact* that the market is currently valuing a lower quality 88E barrel in the ground at roughly double that of a higher quality PANR barrel in the ground appears to upset SG22 and many others. On a personal level, I can understand their upset. Trouble is, the numbers don't lie and fundamentals always out in the end. As for attracting bad vibes or some such, more gibberish. The attacks are all personal, they never seek to engage on the facts or the maths. Actually, SG22 has had a try at it over the last 24 hours and he's confirmed beyond doubt he's so out of his depth it's pitiful.
Classy, SG22, making fun of the sector someone is employed in. Pathetic. Actually, have a serve back on me. Your knowledge of spelling and grammar is noticeably below average. "You was" and "your/you're" are staples in your posts. It's not all bad news, SG22, because you're top decile in a specific character trait, self confidence. Admittedly there's no basis for that self-confidence, but you certainly have it in spades. Google "The Dunning-Kruger Effect. /end
Ok, SG22, time for some more schooling. If I were you I'd be hideously embarrassed to be so publicly rebuked on so many *factual* issues (not opinion) over the last few days. The trouble is you lack the self-awareness to acknowledge you're out of your depth ref. knowledge of the E&P sector *and* the ability to read company accounts.
1) Let's sort out the whole SP performance thing first of all. SG - top to bottom, 88E has moved from US9.2c in 2021 to close at US0.4c on Friday. Compare that to your example of me justifying PANR @ 130p to 25.72p on Friday's close. You say you like numbers. Why don't you work out the % decreases in both cases and tell us?
2) Yep, accounts genius, you've successfully worked out that E&P companies spend money on drilling wells. When that cash is spent, the cashflow statement reflects the movement of cash out of the company to pay for exploration activities. You are a fair dinkum genius to have worked that out, SG22!! The Nobel Prize for Economics is surely yours this year, lol!!
I'm really glad you posted this gibberish. I knew you would at some point, it was just a matter of time. I was going to point out that you *literally* lack the education to read an E&P company's balance sheet, never mind interpret what it is telling you. To the wider forum, please see olderwiser's comprehensive explanation of "net assets" and "write downs" and "capitalisation of costs v's losses" for E&P companies at 21:53 today. He is, as usual, spot on. It is my assessment that SG22 lacks the education, training or experience to read and understand a set of company accounts.
A concrete example of his triumphant miscomprehension? He genuinely thought the remaining balance on the PANR CB was $17m rather than the correct amount which is a tad under $30m. This is really basic stuff. Note how it was pointed out to him yesterday and yet here he is again today.....posting more gibberish and failing to even acknowledge that he was wrong about the outstanding CB amount. This guy is the very definition of the Dunning-Kruger Effect.
Hi Alfista - FWIW, I have no doubt SG22 is the driving force behind me getting suspended. If, like me, you think this it is deeply unfair that he be permitted to continue his campaign of disseminating factual inaccuracies about both 88E and PANR then the members of this forum will have to pull our fingers out and report him for the deceiver he is. I appreciate fully this forum is more investor focussed v's traders but if we don't fight back against his misinformation this forum will be reading his b0ll0x rather than my fact-based research and analysis. It takes 20 seconds to report each of his posts. It's up to all of us otherwise the deceptive troll wins.
Part 1, see above for Part 2.