Member Info for Bridgedogg1

Basically they don’t know but the current thinking (hope) at the company is the gas will be replaced by oil

Obviously as a holder I am hoping for some really strong flow figures but I think there is a really good chance that not only we get good flow from the previously blocked section but there will be a good uplift from the other sections. Original guidance was way above the commercial 500bopd already reported and I think there could be some surprising numbers coming out once the flow has been optimised.

GLA

Am I right that the rig has gone and there’s been more flaring spotted?

Those that want to be in for potential Monday updates are taking us through the resistance.

Will the next drill be off the same pad I wonder.

I wonder how much this well will tell us about decline rates across the field with the gas.? Or even glow rates for that matter. Sets a base line but I expect it would be higher when drilled deeper.

Didn’t the recent video of the production facilities include the separator? I didn’t get the impression more equipment was required.

Any brokers allowing a spreadbet on 88e?

54p has been a real tough nut to crack despite the positive update and initial fliw results just around the corner. The shorting has taken the shine off this one and will now need the figures and maybe even farm out to get back to even where we were £1.50 levels. The value here is just staggering, I’m not surprised don’t just don’t believe it. Once the flow test figures come, then the farm out back if the *** packet value calcs will make £1bn look very cheap.

They’ve moved that down a quick as possible, I bet it’s to capture a large trade then it moves back up just as quickly

Dec RNS:
-wellbore is partially blocked with approximately 1,000 feet of frac sand which (i) has restricted tested flow rates due to the lack of contribution from the blocked section
- has necessitated a more CONSERVATIVE TESTING PROTOCOL in order to not exacerbate the blockage, which has resulted in a slower 'cleanup phase'.
- the well is flowing naturally.. at a rate of over 500 barrels per day ("bpd") of hydrocarbon liquids which includes oil, condensate and natural gas liquids ("NGL's"), as well as significant natural gas, from an estimated 4,000 ft of lateral.
-the well is still less than 40% of the way through cleanup phase, so potential exists for these rates to further improve.

Not only can we expect the increased rates from the previously blocked sections but improved flow rates from a less conservative testing protocol in the sections that are already flowing (?), however I dont know what this actually translates as on the ground? Different choke maybe?

Ok thanks, that’s why I put a question mark over it. Upon reread that makes more sense. Looking forward to these results which will be put into the field model for farm out.

It took from Oct to Dec to recover less than 40% of the frac fluid. Are they saying now it only took 5 days to get the remaining 60%?

None of us want a repeat of the Oct RNS - ‘ initial fluid flow with rates in the thousands of barrels per day’ which was followed by the blockage news so good they are keeping initial observations close to their chest. It’s got to be better though right? Would have thought that stable production would be achieved in a day or two.

Good luck holders

Yes clearly PANR have gotten the message about timely and detailed updates. The last few videos have been a real pleasure. Seeing a lot of the comments on this board and wondering why people haven’t watched them in full. Perhaps just the short term shorter, I don’t know. Anyway flow test will be exciting. Shame about the gas cap, as this will be used to model across the acreage, but it’s already flowed sufficient (commercial) to secure a farm out.

The big players will know what the data means and SLB volunteering to control the data room surely a good sign.

I reckon a better placed lateral would hit 1200bopd+ but think we will have to settle for around 750. All going well.

You can’t pass off the risks associated with GKP. Fed gov and KRG arguing over oil control, almost escalating to military conflict. GKP have to cross their fingers every month and hope that the sub market value payments are made, which they often aren’t. I was around when shareholders lost 95% in the refinancing. I’m sticking with North America thanks.

2bn barrels recoverable people! Just about to be switching from exploration to production! What’s going on here!?!!

Interesting point on the webinar re gas cap. Gas flowing at equivalent volume to 1300bopd, if the reservoir was moved down this would translate to oil in part. SLB will know this and it will be clear to anyone in the data room - add 500bopd on whatever the well finally produces?? This data will be extrapolated across the whole model so every little increase will have a huge read across.

Even the low level of published shorts are £6m and that’s not all there is. That’s a fair wack to buy back, even if it won’t cause a squeeze it will gobble up a large part of the liquidity.

Have to say any shorters would have to have big b@lls to see this through to the flow testing RNS. We pretty much know its commercial, regardless of what clearing the blockage adds on. With data rooms open and increasing appetites of O&G developments with all the cash sloshing around it wont be too long before we have a significant partner. Plus that income is going to be very nice to see on the balance sheet.

After 66p there’s gaps all the way up, have to break 60p first though. Should come today.

I assume that the price hasn’t rocketed due to profit taking from those that got in the 40s and don’t want exposure to the flow test results?

We already know it’s a commercial success, this flow testing will just add some zeros to the known figures. I’ve been waiting to get in for a while and wanted to know there were no more problems with the drilling and blockage before I did. All to play for now. Current SP is a great bargain.