Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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17:01
According to their 2023 business presentation YE2023 2P reserves 117mmbbls, they are in production and have a share buy back plan and dividend in place, so further ahead in the cycle and with ACTUAL production.
So not really comparing eggs with eggs.
But their share price is probably already reflective of what they have today so you have to decide which company meets what you are looking for with your investment.
If you are already invested here you have probably already decided that the potential here is worth the risks.
https://petrotalcorp.com/investors/
Interesting that PTAL have 2024 Company presentation tomorrow so DT may well just be getting the name across.
April 10th RNS confirms CGA report will be in Western Ahpun. Eastern is part of same field but are different reservoirs that carry appraisal risk. However Pantheon's seismic has been proven to be successful in spotting oil accumulations so far. Permeability expected to ~100fold increase from Western Topsets (~10,000 fold better than Alkaid).
https://www.lse.co.uk/rns/PANR/webinar-and-update-rhf8gw2epra0cdn.html
DarienTaylor could it be that the size of the field in Peru is 38M. Where as PANR have a field of over 1Bn. Slight difference!
Good news for the SP today, price retreated to the 50 day simple moving average which acted as the reversal bouncing as I hoped off both the SMA and the 21 day low price channel. A move back above the fib removed the 3 dark crow bearing candlestick, to end in a short tailed hammer. Could be quite bullish for the price and indicate that the downward pressure has run out of steam, a bullish engulfing, ideally closing above 33.1p (50% fib) would confirm a trend reversal, might be an interesting trade tomorrow.
DarienTaylor, what is you Soverign risk and credit risk policy when valuing an asset in Peru vs an asset in the US?
08:39
"18api oil" ?
The eastern extension is all part of the same oilfield that has already had a drill and test done last year. It’s just on the other side of a large river, hence they intend to get at it with long horizontal wells.
The eastern extension would require an appraisal (Megrez-1) before being included?
Are you sure? according to WH Ireland
" The company stated it is expecting a report from Cawley Gillespie on the Ahpun Topsets (and the newly awarded Eastern Extension) with better reservoir properties in the coming weeks. "
Been comparing this with PTAL. who produce 20kbopd and have $150 miilion in the bank and growing with another well about to produce on the biggest oil field in peru market cap £430 mill. against this heap of dung with 18api oil in the ground no revenue and no money at a market cap of £300 mill.... its laughable
Yes you are correct, apologies, CGA are just doing the western top sets on Ahpun.
Mif51, I don't think the new Eastern leases are included in the pending IER.
Good post stas and it would be nice to get an increase with the report but I think it’s all about the funding of the $150 m and we’re farming out or doing a deal to be honest
All the reports in the world don’t seem to move us But in the wrong direction but it will be the money in the bank to implement the boards plan to cash self sufficiency
Then there’s no stopping David’s grand plan
The Akaid horizon is the smallest and deepest on the ahpun acreage but still came in commercially, the next IER is for the topset and the new eastern zones which are expected to be huge.
Note my post from the 2nd
"This could be the bottom. Price is sitting right on the support line, 61.8% fib @ 31.3p (if the fib is taken from the 9th April close rather than the top) however, sometimes it is important to see if the trades are obeying the close rather than the spike, in this case it may be valid as the close was respected on the 18th April where the price bounced from the low of 31.275p"
Once again on the 31.3p, 61.8% fib for the 3rd time - will it bounce!
Based on the scarcity of posts on the last RNS (Independent Expert Report by LKA on Alkaid Horizon), Should I assume most were not that impressed - Do you think the next report on the Ahpun Field by Cawley Gillespie & Associates is going to be received better?
Interesting to note that the share rose 3.62% in America after the English close. Good to see it showing the way.
Thanks for information.
Always learning.
The directors dealings tab is incorrect:
https://www.lse.co.uk/rns/PANR/result-of-capital-raise-gzxxhaa1v3hm1ty.html
22:49
"Now get back to the present, the BOD have joined into the recent capital raises, in particular the newly arrived D Hobbs "
If the Director Deals tab is correct D Hobbs is the only director to have purchased shares since Sep,22.
Thats their (other directors) choice and I am not criticising, just clarifying your statement.
Stas20
OW is not kidding anyone, the directors cashed in some options that would otherwise have expired, in so doing contributing ~30p per share to the company coffers
It was a bad optic, the shorts made sure it was magnified to full effect, the damage done at the time was significant.
Now get back to the present, the BOD have joined into the recent capital raises, in particular the newly arrived D Hobbs, who arrived with a decent holding of his own and then has taken several opportunities to add with cash purchases in capital raisings and on market
So yes very much aligned with investors, this gentleman D Hobbs in particular, oil expert premier, quits pleasure yachting around the globe, becomes an independent director, quickly steps up to become executive chairman, and then doubles up on his shareholding with his own CASH. (Not the all too familiar granted shares and options, so common to oil explorers)
Start
"As at the date of appointment, David Hobbs has a total beneficial interest in 1,576,002 ordinary shares of Pantheon, equating to approximately 0.2% of the issued share capital."
Current
"Accordingly, David Hobbs has purchased 980,455 shares from IPGL at the Placement Price. Following the purchase, his ultimate beneficial ownership increases to 3,697,684 shares, representing 0.4% of the Company's total voting rights."
As I recall those options were granted when the share price was ~half the exercise price. I know a number of long term holders who topsliced in the run from 7p to £1.4.
All directors have taken part in recent placings and of course David Hobbs has purchased all
his holdings, including the recent ~$500K. Those who know the back story will also understand Bob Rosenthal has had significant dilution to his original Great Bear stake.
I can't remember Brom being as critical of Wall and Opstad's shenanigans at our noisy neighbours. Seem far more cynical these days, funny that.
Lol did I say one director, seems I concentrated on the one that made the least....🤣🤣
Lol so aligned indeed 🤣🤣🤣🤣
16-Sep-22 Sell Justin George Hondris 123.40 GBX 2,000,000
16-Sep-22 Exercise of Option Justin George Hondris 30.00 GBX 2,000,000
16-Sep-22 Sell John Bishop Cheatham 123.40 GBX 1,300,000
16-Sep-22 Exercise of Option John Bishop Cheatham 30.00 GBX 1,300,000
Lol brombarb, correct a quick scan sees one director sold 900,000 at 123.4p and immediately replaced them all at 27p for an almost £900,000 profit. Perfectly aligned interest lol, who is OW kidding.
The real comment should have been in the hands of a very capable and experienced AND GREEDY team. In reality the important aspect is they likely won't sell until the share price is far higher.
Apologies my IPad appears to be playing up.
16:44 yep thatas the