Member Info for cbaron

14.30
"My view, best just to do something else away from chat boards, avoiding the risk of overthinking all sorts of potential risks."
Very sound advice.

How about taking the GKP debate elsewhere?

10.11 was far more interesting than 10.12...............

KevinRound just posted the following on 88e

'So just been on the Panr board fishing for updates and one of the posters posted the below. People seemed to be getting very edgey last week and its calmed a bit now (prob paid re-rampers) but either way I've been watching it as it affects us. This is the time line they came up with. Its a poster so not exact but the way he researched it I feel it has some legitimacy.'

OK own up! Who is the paid deramper? Kev, or should I say Hercule Poirot, will find you!!!!

15.07
Not much sand left down here now. I think I've reached the end and now I'm going to have to crawl all the way back out. A good build up of wet oily stuff in the bore - hope I don't drown. Was going to light a match to see my way out but thought better of it! ............... ;-)

Sorry, spoke too soon!

OTC currently slightly up and so a big trend disparity.

Thu15.29
Marmaris,
Fantastic - only wish I understood it all.
Didn't realise they have mice to deal with as well? ;-)

Emphatic reiteration of commerciality of Alkaid as it is with only 40% of clean up done so far. Many factors which will likely improve its performance as the programmed work rationalisation and efficiencies come into play. IERs, Data Room and preparation for farm out negotiations being led and co-ordinated by SLB (formerly Schlumberger).
"WE'VE NEVER BEEN IN A BETTER POSITION THAN WE ARE TODAY", says Bob Rosenthal.

18.41
To prove my point. Never judge a book when you've only read the first chapter. Assuming, of course, that you CAN read.

15.15
...and so Louis you appear keen to believe Jim and not the company and its advisors. I assume therefore that you are not invested in PANR and so perhaps your time and skills may be better suited to another share blog?

Are you listening?

17.42
....then log off! Simples!

....and there we go, an RNS.
A very good one too!
All opinions pointing to commerciality.

08.39
there is a danger of expectations from the webinar being too high. Expect explanation and clarification rather than any knock-out news. As you say, that's for an RNS.

08.37
Tony,
Many thanks. Interesting favourable comparisons with early Permian Shale results. I too disagree with his interpretation of corporate structure. No need to raise money to fund another well, as PANR has pointed out.

US markets closed today - Martin Luther King Jr. Day.

Irrespective of the odd glitch, delay and an oil/NGL ratio which is a little different to the pre-drill expectation, for me the key messages from the interview are as follows:

Jay Cheatham - "We have plenty of money to prosecute everything we need to do at Alkaid and we do not have any current plans to go out to the market and raise funding."

He appeared miffed at market speculation and understandably so.

Bob Rosenthal - "We're in the process of testing the Alkaid well; nothing we have seen so far has indicated to us that our ultimate resource assessments are wrong."

Jay Cheatham, having confirmed that the production currently is broadly in line with prior estimates and that ultimate pricing of the oil/NGL mix would be very close to the ANS crude prices states: "It is still a very, very viable project."

What's not to like?

Thu 13.48
OBN, many thanks for sharing the article, albeit it 10 years old, the same principles apply and the value of NGLs will be forever rising in line with crude prices. It goes a very long way to debunk the views propounded by some that it is only pure, high API oil which counts on the value curve and that the rest is value-less.

.......a little more research perhaps?

"Surely it is time to get one to completion and earning rather than having all this news flow focussed on Alkaid#2 and more potential drilling along the Dalton Highway."

I think you'll find that the intention is to get Alkaid 2 flowing and earning.