Member Info for Ayecuramba

I was ridiculing no one, certainly not u, I appreciate all views but also share my own, good luck to you :-)

10:18 - Your conclusion seems to be to scare investors into selling, lets wait for the presentation tomorrow before we throw the baby out with bath water eh…

Never engage with a bully, them’s the rules, you are only talking, there is no intent to ever listen to others, happy to keep on with your bully tennis, as long as you want old friend :-)

Ps, i have nothing to be ashamed of but you sir are a bully, every message you send just confirms that for all to see, keep it up fine fellow :-)

Classic tactics from Scot, we all have an equal voice here buddy, dream on if you think you can silence voices other than your over wordy diatribes :-)

I am just ignorant :-)

But at least I am not a word spouting bully…

If the gas pipeline happens, as it is sounding more likely by the week then for those in production on the North Slope it just brings improved profitability but for that you need production. This is not something we currently expect til at least ‘26 but then again pipeline will be ‘30 at earliest. For me this is a hold and forget share, time will tell.

This is Chile, South America in general is something else entirely, generalisation is the poorest of approaches to understanding risk…

10:16

Just a quick question, you said;

"huge resource/reserve upgrades inbound !!!"

is this your hope or do you have backup for that based on anything?

Not yet, maybe they wanted the new CEO to be announced first and for him to be onboard with the situation ahead of issuing a new note, let’s see how this week goes :-)

The reality for me is while the wall of cash may have receded somewhat as the expectation, the company has still consistently over promised and under delivered, that is never a good situation for share price appreciation.

One can only hope that whoever did the projections for FY24 is not involved in the FY25 projections we are due to get W/c 9th December, while everyone likes to hear agressive projections the SP suffers when these fail to materialise.

There is enough good news coming for the company to be cautious in it's projections, giving themselves finally the chance to over deliver, that would be my hope but I am willing to wait until the FY25 projections are released...

17:23

What you thinking of looking at now your money is free?

11:36

On the PANR question I would say with the Donald Trump video of his endorsement of the potential Alaska gas pipeline project I would say the market got rather excitable which led to a boost in the share price, I think some of those buyers maybe now realise this is a project for the next 3-5 years, so no instant payback so are moving on. The reality is PANR does not need the pipeline for commercial success, it will like boost busines by around 30% on what they already are targetting, so is in no way a requirement of PANR's success, just my view...

As a holder of both PANR and 88E, the pipeline for me is an endorsement for both companies and may help future opportunities being brought to fruition due to more positive political environment for O&G :-)

Yes we have the announcement of the new CEO and the ASX listing to come before the end of FY24, these 2 things will really position the company for the coming growth in the next year or 2...

15:34 liked this passage from the company;

"It is possible that the Megrez-1 well could be receiving potentially price-sensitive information at the time that the Quarterly Repayment decision is made," it added."

Bring on the price sensitive disclosures :-)

For those who don't have the time to read this :-)

SECTION VII: SEQUENCE AND SCHEDULE OF OPERATIONS

Project Milestone # Project Milestone Proposed Start Date Proposed End Date

1. Begin gravel mining and conditioning. 9/1/2024 9/15/2024

2. Construct Megrez gravel driveway and drillpad 9/1/2024 9/30/2024

3. Move Rig to Megrez-1, Rig Up and Spud 11/1/2024 11/30/2024

4. Megrez-1 drilled. 11/15/2024 12/31/2024

5. Megrez-1 completed 1/1/2025 1/31/2025

6. Megrez-1 flow tested. 2/1/2025 4/30/2025

7. Megrez-1 additional well testing 5/1/2025 7/31/2025

Predictions for FY25 do not come with FY24Q3 results, FY25 Guidance is due W/c 9th December, so not long to wait :-)

Also I think TXP have a much better view of the decline curve for their drills, they can optimise their drills to ensure growing BPOE's and while funds flow is improving, infrastructure costs have already been front loaded so main costs going forward are drill costs per well, as that seems to be around $4M per well right now means FY25 should be able to support a substantial uplift in cash flow and potential to see a fall in debt too :-)

A paltry 15% is enough for some but the prize is no smaller because of it, still gonna at least double in the next few Qtrs, sitting back and relaxing GLTA

Well we shall see the company have said they will have a FY25 strategy and plans session W/c 9th Dec '24 and we have the Q3 earnings release which is likely this week, between those 2 we will know a lot more of their plans :-)