Member Info for cringsing

48m shares traded, 36m in UK, 11m US. Assume 2/3 were sells (32m) = 4% of PANR ownership decided to sell today…

For the dyslexic, 96% of all PANR stock are STILL owned by the same people today as it was yesterday :-))

The steep % drop is a function of the trading mechanisms exploiting the moment. Many bought lovely cheap shares today…

If one can’t face recurring bad news, one should stay away from exploration altogether. But 96% of ownership just shrugged their shoulders, and went on to do something else…

If you are Louis or one of the other 4%, frontier exploration probably isn’t for you. There are many other safer bets ;-)

What an amazing time we live in. The SP was 150p not that long ago, before the indiscriminate scalp hunters caught wind of an opportunity, but the point is it’s already proven the share can trade at 150p. And now we are perhaps only 2 weeks from quality news that plausibly could blow a 150p price mark off its hinges. It’s obvs possible that new problems have arrived, but the probability of that seem rather slim. Bloomberg predicting +$100 a barrel, and both stars and tea leaves are in advantageous alignment.

Not many sleeps now…

This is nothing but ridicolous !!

12:31, 12:46

The CEO has over the last 2 RNS stated that *he* is confident of commerciality of the A2 endeavour.

As far as I understand, SLB is now ALSO involved in finding a suitable partner to PANR. I don’t know what Jay Cheatham knows, but he (and presumably SLB) knows the direction of travel on this said commerciality. I cannot believe the CEO (and indirectly SLB) would risk loosing professional credibility by making such repeated prophecies in sequential RNS’s.

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

The SP will ultimately be simple arithmetic. Bid for PANR / number of shares. Easy. So, why care what route takes us there, as long as steady progress is happening…..

0.03% of all shares in float traded today, taking the SP down near 10%. That is ludicrous, and I reckon there is an agenda at play !!

Quick question folks,
Whereas I all too well understand the situation with Alkaid2, I do not know how the announced winter program is progressing. Is it happening, or have the A2 hiccups changed the scope of the winter work ??

Good morning.I am not a holder. I sold out at 17p when I realised that the company would not be able to monetise on Covid at any significant way.YGEN however is still in my Google watchlist, mostly as i’ve just not deleted any entries for years.I am not surprised by the SP drop. Not only is it not a well-run company, but the management team has for years suffered of the false illusion of grandiose, which unfortunately always is followed with spending a lot of money, so it could go only one way in my view. I am however surprised in areas.1) Even with an abysmal leadership, I would not have thought the SP would go under 4-5p. But 0.33p (51x less my last sell) says a lot.2) I’m amazed the CEO is still the same. If a 50x drop in company value can’t get a boss fired, in the midst of the highest medical and diagnostics spend the world has ever seen, then what can ?3) The fact that the company has this idea that another bunch of investors will subsidise there onwards spiral into the diagnostic abyss with some unfounded comment on some “big things” that may (or may not) happen. Again, a false illusion of grandiosity. They have promised “cost cuttings” which is an easy thing to do, whilst begging holders to cough up more, whilst keeping the same people in charge…..FFS people, any director who deflates the value of a business with 50x MUST go. No if’s no but’s…..It’s your money, but what on earth are you thinking ??????

One wonders if this wouldn’t be a match made in heaven.It would be terrible sad if CP were to leave Alaska….https://www.rigzone.com/news/wire/conocophillips_says_more_usa_cuts_to_alaska_plan_would_kill_project-21-dec-2022-171470-article/

@Villa01

As far as I understand, there is no commercially viable way of getting the gas off the North Slope. Which does prompt the question. What if there just is too much of it ??

For a test well you stick a flame to it. For hundreds of wells, probably not. They may be planning of injecting it back into the well, but I don’t know.

Maybe it’s not a problem at all, but for now too much gas is on my risk register.

So when is this initial flow test and subsequent long-term flow-test likely to commence ? In a day/week/month/year ?

How much frac fluid can it possibly take to stimulate 30 fracs ? (genuine question) I would NOT have thought many tanker-loads. The tubing itself (i think) is about 120ish barrels, so about half a tanker.

Wiki says large tanker holds 11.600 gallons, which I reckon is about 275 barrels (42-gallon barrels) which I am let to believe is the size of oil barrels. Happy to be corrected.

I would not be surprised if the tankers on ANS is diff eg insulated, so maybe holding less barrels.

ah, the 15min delay tricked me….
All good, happy trading

Yo all, Google Finance here at Monday 2:42pm London time seem to suggest that $PTHRF isn’t trading today as OTC closed. Other US shares are trading tho. I’m confused.com

@Brombarb 17:53

I am not sure re where the oil was to be hauled, but think it several times have been suggested it would be to Pump station #1 which I think is a larger facility than Pump station #2, which I think is closer to the gravel pad at A2. Pump station #2 appear much smaller and may not offer the facility of injecting oil into the pipeline, so my guess it is a facility designed ONLY for pumping. But it’s all guesswork on my part.

We need somebody familiar with clandestine operations to hack into the cctv cameras at pump station #1 !

Fun aside, I’d be surprised if not a single public webcam would capture traffic on the haul road. It’s rather flat up there, so maybe a webcam at the airport may incidentally point that way.

Olderwiser & Marmaris, thank you for quality posts. Not an oil guy myself, but now do understand it better.

So my overall understanding is, yes there is old and probably plenty of it, we have seen it flow but hit a technical snag, which the company are now addressing.

What I however genuinely am completely incapable of is to put a size on, is how big this problem is. Or put differently, how likely (or unlikely) is this problem to cause this particular attempt to flow oil a complete fail? Are we talking brain surgery with risk of life, or are we talking mending a broken arm which they can keep doing until getting it right, or is it somewhere in between ?

Baf3 @16:25

1) shorter's do not want to be exposed to the flow results. Many will imho have covered this week.

2) it will take many millions of shares (on loan) to cause a short-squeeze. Even if none of them had bought back yet, it will be a relatively small number of shares, and imho not enough to cause much of a short-squeeze..

As others have pointed out, short sellers are too smart waiting for the drilling results, which could cost them a fortune. I reckon several of the bought from the selling frenzy yesterday so to cover their short positions.
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