Member Info for cbaron

13.16
"I don't think we can answer that re NPV. I don't think the company have ever released figures of NPV. It is in my mind even more speculative than just OIP or EUR."
JofH, I think you've actually got it! Well done - it's taken a while, but you got there in the end.
Ddraig makes reference to a range of volumes, 100,200,300m barrels, he hasn't a clue either.
The issue is that nobody knows, except that, hereabouts, all people do is talk it up without the faintest idea what the value might be. The mcap is therefore nonsense as it is calculated by taking 14.4 billion multiples of the SP. The SP is based on sentiment and little else - as could be seen by the recent OTC phenomenon.
The mcap cannot bear any resemblance to recoverable OIG, as the latter is unknown.
The comparative NPV values between one explorer and another are equally difficult to ascertain, but one thing is certain. The closer you are to infrastructure to get it to market the greater will be the NPV than a neighbour many miles away from that infrastructure. Amongst other things the value will be netted off by the additional cost of constructing that additional infrastructure.
All quite simple and straightforward really.
The issue for me is that there are certain posters here who ramp the hell out of the share and trade on the SP, knowing full well that the fluctuation is based on pure sentiment and who effectively are duping their fellow shareholders and not only taking them for mugs but are trading on their ramping actions.
Anyone who only ever posts the positives and wilfully refuses to answer questions whose answers might be construed as negative is onesuch.

Rich coming from a "confrontation(al), insecure, Narcissistic, pretend (to) know it all"

15.56
Marvellous!

.......and Merlin 1? Oh, we don't speak about that any more. Technical issues, no real value, no point in re-drilling and conducting a flow test, we don't want to have to call it a duster so we'll move on. Priceless! Read between the lines ;-)

rfarfa,
This share chat is all about 88e, the company. Whilst the thread you insist on perpetuating might be be of general global interest, there is no evidence of the company attributing value to a gas resource yet proven and it is therefore irrelevant in this context, for all of the reasons very well rehearsed in recent exchanges.

11.06
With the greatest of respect to Kesha1295, an elderly man who is putting his financial house in order, the first sentence is a subjective view. The real estate, of itself, is many thousands of acres of permafrosted tundra of little intrinsic value. Any value lies in the subterranean geology and there is no evidence of a proven commercially extractable resource and no Net Realisable Asset Value to objectively support the statement.
In regard to gas reserves, once again this is not proven there is no evidence of a net realisable asset value.
We keep going around in circles on the same point, whenever such subjective personal views are stated.

;-)
Come on Eileen.................

An amazing number of the 'cult' who, when the 'guru' appears to have returned have, plucked up courage to hail his return?
They were uncannily silent prior to this!

Rab,

I too was wondering if this is bottoming out - trades in the late 1.5's all day but then a 10.4 million share offload just before close.
Could be contacting the bank manager early on Monday morning? Better get my ramping phrases at the ready...... ;-)

In, out or shaking it all about?
........or do we have to read between the lines?
;-)

9.33
Moda, thanks for the link.
Seems like a decent chap.
It's a bit more than a cut and paste and gives a reasonable synopsis of where 88e currently are subject to the following:
1. Talk of Mkt Cap, SP, SP movements (still anticipates further fall), prospective multiples of current price, etc but no attempt at a valuation of assets and NPV to close off the analysis.
2. Mentions gas - we've had that debate recently - no infrastructure to take it to market on the North Slope and therefore of no intrinsic value.
3. Reference to use Willow field as a route to market for oil even though costs likely to be prohibitive, legally prohibited and costly licence fees.
Could go on, but I'm sure you get the point.
Another reference to Pantheon and piggy-backing the PANR resource.

09.23
That's not really an answer is it? Merely a typical deflection.

....One other point.

Be honest and admit you've sold and then publish anything which might be construed with the merest hint of negativity and you are rounded on with vitriolic references to being a deramper - even a paid one! If others share a like view we are a tag team and we are undermining the company and its share price.

Meanwhile, Mr Guru in the background is silently lining his pockets. Give it a thought. How long has this gone on?

Moda,

You're absolutely right.

However, what I find wholly disingenuous are those who purport to be the 'guru', leaders of the LTH club, who only ever publish good news and fail to respond to the anger 'traders' often generate - short termists and individuals with lower standing than the rest of the 'cult' - whilst they are themselves trading their socks off in the background. At whose expense?
For me this is manipulation and underhandedness at its worst.

17.32
Not that he's listening (yeah, right!), but it's 88e that are piggy-backing PANR across the lease line, not the other way around.
Come out and debate it!

Correction.
Should read, " would you NOT consider it money well spent....."

14.58
GS,
Setting aside the vitriol and looking at the issues you raise for PANR, the 'Concert' party have been selling off shares for months, and whilst it may have held back the SP to an extent, I think it has held up extremely well - why wouldn't it, given the fundamentals in place?

As to a capital raise, the Farm Out has not yet been fully explored and is not even in the company timetable as of now. They clearly state that this will be a matter to be resolved in Q4. Any concern is therefore wholly premature. If, and it is very much an 'if', at this juncture, a capital raise is necessary, this is nothing more than might be expected in an exploration company. It is currently debt free and, as with share ownership, one must speculate to accumulate. Would you consider it money well spent should there be a minor dilution, in the short term, which results in further proving of several hundred feet of known oil show with deliverability right on TAPS and the Dalton, to deliver several multiples of the current SP? No, I didn't think so, and neither would I.

I feel you may have lost a little context in terms of expectations and timings, which has resulted in slightly negatively skewed view.

Good luck whatever you decide to do.

Scot,

We can agree to disagree on this point. The only further comment I would make is that you present perfectly sensible reasonable and commercial arguments, but the barbs can undermine that, particularly as they could be seen as a cheap sideswipe at the end. Any way let's move on - there was a wholly irrelevant debate on 88e yesterday about gas, which took up far too much time and energy (excuse the pun).

Scot 23.48

We agree on most things and we both have a combative style, but your last paragraph was completely unnecessary.

.....and just for the record, I held shares here from 12 June 2017 until 1 April 2021. I traded from then on, have been out for barely a month and someone tells me I no longer have the right to express an opinion. I don't think so!

You must be Ddraig under yet another pseudonym. That's what he does when the argument is not to his liking.
Tell people to do one (twice in the same post) and it's hardly a surprise that there is a reaction. (Newton's Law)