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SP action today tends to make me think someone is trying to close a short position and has a friendly MM to assist.

It's easy to get something wrong especially when PANR have such a variety of fields. Until a couple of days ago I didn't realise that the EIS related to Megrez. For some reason I was under the impression it was one of the other zones. Which was why I thought we coud start producing in a few months - although maybe that will happen now with Trump in place and a full speed ahead ethos...

Aye, I took it as read there'd be water added! :)

Marmaris, when you say cement, is it actually neat cement or some sort of dry mortar such as sand\cement? I’m a civil engineer and we often hear references to cement when what is actually meant is concrete. Greatly appreciate your knowledge of the technical aspects of PANR.

Still think this drop is to facilitate closing of a short. There is nothing in the public domain that would justify a "genuine" drop.

Maybe someone trying to close a big short? :)

No idea why that post is devoid of capitals! I do know about grammar, honestly!

leesteuk, i also had a significant investment in hum which turned out to be an absolute cluster**** due to appalling management of what should have been a successful company, so i feel your pain. i put the remnants from hum into more panr and already it has more than doubled since then. i now have 215,00 shares here at an average of just over 20p so looking good to recoved my losses elsewhere, though nothing is certain (gulf keystone, anyone?). i do think though that with panr there are a lot of positives and very few negatives, it's not in a dodgy overseas location, and i'm very impressed with the info we get from management, so fairly confident. if this goes even halfway to where i think it will go, i'll be retired at last and financially secure for life. trying not to get too excited but of all the shares i have ever owned, this looks far an away the most likely to let me give up work (i'm well past normal retirement age anyway so it's long overdue). best thing is that most of my shares are in an isa so no tax implications (well, not at the moment!)

I assume that with a pipeline running more or less under the drill pad, if the flow tests do prove to be satisfactory then oil production will commence in a fairly short time thereafter. That means cash coming in and that should mean a significant increase in the SP. That's without even factoring in the political will to get the gas pipeline up and running and a lot of other positives. This really does look like a potentially massive opportunity that is coming to fruition. Could well be life-changing in a firly short time. All IMHO and remember things can go wrong.

I think getting a US listing will also help a lot.

...meant to say "meaning to watch the whole thing LATER".

Terrific video. Started watching meaning to watch the whole thing but couldn't break off. Well woth the watch.

Excellent interview. Hobbs comes across extremely well, open and honest, knows his stuff. i'm delighted to hold a lot of PANR shares. Looking very good for the medium and long term.

The SP action has the hallmarks of someone trying to buy as cheaply as possible. Or someone trying to close a very big short position...

Get that done and maybe we'll move up again.

The US listing should sort that.

Was expecting the SP to drop back slightly after the rise we've seen. Profit taking presumably, then continue the upward trend.

My worry with offers is that they will at least start off at a derisory level. This share hasn't really begun to rise. It was at £1.75 not so long ago and look at the progress that has been made since then and we're still under 40p. The last thing we want here is a takeover bid. Maybe in a year or so, then we'll talk. Takeovers are about someone wanting to grab a bargain.

The environmental report timescale seems ridiculous. Maybe someone will lean on someone else to get that shortened. or maybe it's a mistake and they really meant to say three months...

I think I'll be in this for a while yet. May need to slice a wee bit but not before £2 and not intending to sell more than I need to.. I have a hunch that the project may speed up given the recent devellopments which look likely to help the financial aspects that were of slight concern to PANR. If we start generating profits and get the bonds paid off then the sky's the limit.

Clearly I was being a bit conservative with my £2 exit target! I currently hold 215,000 shares at an average of 20p (bought a lot of them when were were down in the 16-17p range recently) and I was calculating how much I need to retire completley and be able to have a decent standard of living thereafter. what i would be doing actually would be drawing down enough money to live on and leaving the rest in my shares ISA until needed. I would expect this to keep rising as development continues but I'm always cautious about things going wrong - having seen big paper profits vanish in GKP and several others in the past, my strategy is to take some profit. Even at £2, a drip feed for income should let me benefit if the SP (as I expect it will) continues to rise a lot higher. I have no idea what effect getting oil pumping after the flow testing will have but it must mean a significant increase given that right now we have no actual inclome, and oil production could be only a few months away. Exciting times.

This was at £1.50 a while ago - I have a figure of £2 as an exit price although it might take a wee while to get there. and I think if they avoid a takeover (which imho usually occurs at a disappointing ly low level compared to the potential peak) it could go a lot higher than that eventually.