Member Info for 3standsoffbottom

Could well be a flare, looks like some orange colour in there. Point to note is sometimes diesel is used down hole for testing and burnt off when returned to surface. Rules and regs might be different today and in that location so just an observation.

I thought I would recount my memories of what a cement job is (note not a concrete job!!). Cement, the stuff you buy at B&Q in a bag, pitches up in bulk on a truck or supply boat. It is pumped with compressed air into storage tanks (it acts like a liquid). Somewhere on the rig is the “Halliburton” cement pump, painted red if it belongs to Halliburton other colours (blue) if someone else. Come cement job day, the Cement hand, company man, toolpusher, Derrick man and assorted help congregate around the pump, cement is transferred by pipe and compressed air to the cement pump, mixed with water and a little setting agent (amount job dependant) in a mixing tank on the cement pump (the whole pump is about the size of a small hatchback). When the mix is right and before it sets it is sent on its way down the hole, through the casing shoe and back up the annular cavity between outside of casing and open hole. The cement hand has high blood pressure at this point as thing can and do go spectacularly wrong and he has a very critical audience watching. Anyway he has to keep mixing and pumping until the job is done and that hopefully is it. There is a bit before and after but the actual cement job is as above. Poly cups are used to collect samples to check it actually sets hard. This was back in the 70’s 80’s so things might be different now.

Casing needs to be set to TD, it can sometimes be problematic getting it through, will be a lot happier when done.

Prudoe Bay flowed at just over 1000 a day, I suspect that is what the market would be happy at to believe this is a giant.
Fracking exposes more rock surface to the well bore.
Normal procedure after perforating is to shut the well in for a set time (24 hours) and observe well pressure.
Packers are set below and above the test zones, cement is squeezed in when done testing to secure the well, the same again for next zone above. They might not kill the well completely if plans are it will be a producer in the future.

Jay looked like the cat that got the cream. I like the idea that there is going to be a lot of news in a short space of time. It will take longer for the Nordic Calister to rig up and rig down than run the plug. Then the work over rig will basically drive over the well and start uncoiling. I think he said Feb for results. Work ongoing even when it thaws. An exciting few months ahead, not quite out of the woods yet but it looks good for sure.

Well done on taking a profit. For what it is worth and in my opinion, try and get away from the idea of buying in at a lower price. You are either admitting you made a mistake selling or are trying to trade the dips (neither I think). If still interested in PANR, buy when you think it is right, the price could be 100p. Nothing has changed since you pushed the sell button. Avoid seller remorse and have a beer.

South Pars/North Dome gas field, Qatar and Iran, rumour is Qatar send them money to keep them sweet and the US turns a blind eye. Funny when you fly over, border clearly defined by a line of platforms 50 yds inside Qatar’s waters.

I would Google ice roads in Alaska, not quite there yet, plus elephant in the room climate change, or is it just El Nino, anyway not there yet, unfortunately!

I don’t post much, however moved to because that was a very good explanation cbaron. I can’t believe anyone could fail to comprehend it.

A little indigestion caused by the the 30 mill shares eligible for trading on AIM as of 18th maybe. I suspect share price will start to recover over the next week or two. The skeptic in me wonders about the timing of this and the timing of the RNS re Farallon, CHONS and GB.

Selling is always an option, I took it on the chin with a -95% hit. How else are you going to learn. A dog is a dog. Having said that everyone should do what they think best, gl.

The guy on the rig who earned the most money was the Schlumberger hand (wire line), he stayed up till the job was done. That could be days, not saying he didn't sleep, but it was in his gear back of the dog house.

So maybe a typo? "The allotment of 47,296,231 Placement Shares is not subject to shareholder approval and will fall within the
Company’s 15% placement capacity under ASX LR 7.1 (15,327,397 Placement Shares) and additional 10%
placement capacity under ASX LR 7.1A (31,968,834 Placement Shares)."
So 47.3 allocated and 'oversubscribed'. At any rate let's see if it translates into activity.

Then I don’t know why they limited it to 43 million, I will try and find out.

Having reread the news release I believe the limit of 43 million shares was so as not to have to issue a prospectus on the LSE. So actually they hit their target;

Yes I think you are right in cold light of day. However feeling quite excited that this might finally be moving in the right direction. We will see in the coming weeks if cause for optimism. I am prepared to average up.

92 sold at 175, never fall in love with a share! Always take the money!

I believe nearly 15% below last price and a little more below 5 day average. I also understand it filled very quickly and the extra (5 mill) was also raised.
As to where the share price goes all I know is whenever I take part in a placing it goes down. I expect DNK will be trading on ASX tomorrow, interesting to see what it does on LSE today.

Things are different now. Vision (private company) were the operator, Jay now seems to have a competent and more open group around him. Directly in control (which I understand concerns you np) but drilling is not an exact science, gushers are invariably the thing of popular imagination.

Not sure HUR and porosity go hand in hand. That’s granite they drilled into and fractured basement. Anyway you might be proved right in the end with PANR, regardless it’s too early for anyone to be right. I am hanging on to see how things pan out. There is a roadmap (to use the recently popularised vernacular) of the way ahead, for the moment I will be patient. Good luck with UOG.