Member Info for cbaron

12.24
Chrisev,
"Production from Project Longhorn in FY2021 totalled approximately 110,000 BOE, which returned an estimated attributable net profit before tax for the project of US$1.6 million (unaudited)."
It is difficult to imagine that after running costs (Director's salaries, etc.) there will be much left from 73% of US$1.6m to "support future Alaskan activities", even if leveraged to produce debt finance support, particularly as we know an exploration well cost in close on $30m.
Nice concept in theory, but as others have said, more a case of salary support than a generator of finance for exploration.

........not really much need for a seat belt when there's no fuel in the tank and the SP here has not made it off the drive.
OTC last night suffered a flat tyre, and jump leads required here this morning.

17.12
On your first point it is bizarre that people still don't quite seem to 'get' PANR when there is massive resource expected to be confirmed, by comparison the noisy neighbours who are getting would up about a few feet of play yet to be confirmed as commercially extractable in a location from which they'll struggle to transport it to market at a viable price.
On your last point, would it be fun? ;-)

Us lay folk may not fully understand all that goes on, but it's certainly an industry full of great terminology and vernacular! ;-)

We have Top Cat, Brain and.........Officer Dibble...........
Work out who's who...........

Howsoever people attempt to put a positive slant on this news, the markets in Australia and here are, regrettably, clearly underwhelmed.

Expect the unexpected and plan for it. Early start, dual strategy and contingency built into the programme. Excellent start with two fantastic results from Talitha, not forgetting they have only tested a few feet of many hundreds of feet of oil bearing rock.
A bit of a glitch at Theta but recoverable in a matter of days.

07.58
Something,
If Ford was being honest , I think it relates back to an earlier thread in which a conversation here received sarcasm and derision.
One thing I think we all knew and that is that you don't fill the pipe you expect the oil to flow through with cement?
Word on the street is suggesting it was Scot out there and he shovelled a bit too much down the pipe - should have listened to Marmaris ;-)

Scot,
No I'm not kidding FFS!. It was not a topic of discussion which was remotely going to impact share value IMHO, it was merely a discussion about a technical aspect of drilling which proceeded down very narrow route of the technical specification of a cementitious grout for use in Arctic conditions at the bottom of a many thousand feet deep hole. Most of the contributors were merely putting forward suggestions of the likely determining factors.
You didn't exactly get support from your 'Oh, so clever' technician mate - the one you clearly championed. I think that the people involved in that 'chat' did so in good faith.
He's still not answered - I'd knock him off your list if I were you as I fear from his attitude and lack of legitimate response, neither you nor the rest of us are likely to be educated.
The blatantly unreasonable and underhand should be called out, but for the life of me I find no reason to put that particular exchange in that category

16.37
Scot,
The cement chat was just that. This is what this forum is called. No-one was misled and certainly neither you nor your mate were remotely helpful, question marks or no question marks. In FACT we are still waiting for your expert pal to enlighten us. We received rebuke and sarcasm, but nothing remotely helpful. I can see that you continue with your own sarcasm. Helpful??? Not really.
Thanks to those who assisted in our education, Blackadder, 3stands and OilBcNu.

3stands & Blackadder,
Many thanks.
cb

I think someone asked a genuine question earlier and a few of us, in my case having worked with concrete and concrete structural designers for over 40 years, attempted to give a little assistance highlighting a few issues which were perhaps relevant in the Alaskan climate.
All very helpful when the fking cavalry appear over the hill, LATE, being ever so sarcastic and clever.
We bow to your clearly superior knowledge and experience but in the absence of it, we made a fist of it.

15.07
Thanks OilBcNu for the information - rather more helpful than bo***cks.
It may also help that heat is generated in the chemical curing process.
I think what 15.04 was alluding to is what's known as the geothermal gradient, where underground temperatures increase the deeper you go. I've just read that it can be as much as 25 degrees Celsius warmer per 1000 metres, though this doesn't quite solve the conundrum if we're only going around 850 feet and the surface temperature is minus 50C. Another statistic is that the permafrost in the north of Alaska can be as much as 2,000 feet thick, suggesting that the rock below this is not frozen.

10.12
;-)

..............
Firstly, the new CR share s don't hit the market until next week and present an instant profit to the holders - don't assume they're all keen on retaining them.
Secondly, there continues to be a blind faith hereabouts that the OTC crowd are going to be back in force to catapult the SP as they did last year. There are no clear signs of that yet and you mustn't forget that for everyone that benefitted over in the US last year there will have been quite a few who got their fingers severely burned.
Thirdly, there remain obvious issues here with the underlying fundamental value in the current drill location and so stay down on your knees and pray that the neighbours bail out 88e and help them prove up some value in Icewine.
;-)

........Interesting!
Both talking complete bo**ocks.
Keep taking the protein......send some to Kpasa while your at it.........

16.56
.....and so we naively expect that a potential acquirer is going to purchase at headline, likely unproven, 'oil in the ground' value and completely disregard risk, costs, present and future, in delivering the product to market?
Really?????
I'll think you'll find that business and commerce doesn't quite work that way. Perhaps you can be forgiven for thinking that way in your first post, though I suspect the 'Recommend' contributors may need to take a hard look at themselves.

11.03
Thanks for your knowledgeable clarification.
Yes, really.

11.02
Bits, you need to get up with the story.
I think you need to understand that whatever PANR find in the Talitha and Theta locations has the prospect of being very positive to 88e and is thus highly relevant. In my opinion THE most relevant in terms of access to market - much more relevant than Merlin 2, howsoever people try to talk it up.
Discussion about what PANR find in the location of their current and programmed drills and tests ought therefore to be seen as a positive.....and welcomed.

09.33
Next year???!!! Up to three weeks is anticipated by those in the know.