Member Info for CrudeTrader

Pantheon mgmt has said that in every presentation that the strategy is to drill and sell. They also said that when the stock was at 180p.

Newanda,

Difficult to say only based on resources. It clearly depends on what a development well would flow and what the EOR per well would be. The ZOI zone was tested for a very short time period, PANR will have to go back and do a longer test either in this well or in a new well. The Alkaid well costed $25m to drill, so PANR will have to find new capital to be able to do that. Its very expensive to develop field in this location because of 1) Lower Foothills area is usually only open 120 days for exploration/development operations, 2) Oil service ops are much more expensive in Alaska compared to Texas etc, 3) The two closest developed fields to Alkaid is Meal****er and Tarn, both of them are considerably bigger than Alkaid ZOI possible 25m barrels, but both of these fields are developed as a satellite field to Kuparuk. So I very much doubt that 25m barrels will be enough for a development and PANR will have to do a proper flow test before going anywhere near a field development. FYI Meal****er first exploration well tested 4000 bopd.

Yes I agree that the stock is going up on hope for the flow test of the next two horizons in Alkaid, but if they fails its back to reality with focus on Texas and the next piece of Alaska will be first in 2020.

ZOI possible 25m barrel is to small to justify a standalone development so the other two reservoir needs to work.

And production from VOBM#1 and VOBM#3 is tiny now. I wonder if production is covering their own opex.

Pantheon writing that VOS#1 has been a disappointment, the well was put on production in Nov 2018 at 2000 mcfpd and its already down to 650 mcfpd. This well was supposed to bring in a fair amount of revenue.

Pantheon has pushed back the drilling of VOBM#1 sidetrack, this was supposed to be the big news after the Alkaid test. Clearly a negative and no newsflow post mid-April when the Alkaid test is over.

Further more all UK companies Bernd Schmidt has been a director of (mainly various Bitumina companies) has been disolved. https://beta.companieshouse.gov.uk/officers/OhOBVxOZrz1qh6C1TE6uXPLlw6Y/appointments

Does even Bitumina have an active company in the UK as the QFI RNS is saying?

On the Danish sub homepage it say "DenimoTECH is owned by DenimoTECH Holdings in the UK" (http://denimotech.com/index.php?id=79)

When looking up DenimoTECH Holdings in the UK it has been disolved since 2016
https://beta.companieshouse.gov.uk/company/08453887

This looks very odd.

Macarthur Canadian line still not trading but is indicating only up 80% from the news yday. Which would mean that #KDNC should be sub 0.15p. KDNC BOD should take this opportunity and raise as much capital as possible -> PrimaryBid over the weekend would be a good idea.

twitter.com/EasyBrent/status/1109092610147319818

Since the FDA decision 3 of mtfb 4 largest shareholder has sold down their positions substantially. The big question is then who will underwrite/support the large capital increase mtfb needs to do? A very big discount will be needed to get a capital increase done.

https://twitter.com/EasyBrent/status/1108679370305163271

The result is inline which was announced 23rh Jan, so nothing new there. There is clear negative in todays statement / news:
1) Capital raise and the fact that the price for the raise isn't set so this could fall very deep.
2) The company is guiding down growth and earning so the analyst will take down their estimates.
3) The FCA prob is not good.
4) The mgmt / BOD tried to convince the investor that the capital raise is for growth (something positive in their mind) on the conference call. I dont think they fooled anyone, everyone knows at this point that Metro needs cash to support the capital requirements.

It wont be pretty tomorrow.

Wentworth write in todays investor presentation that they are looking to introduce a dividend in 2019. I attended their investor presentation in Oslo on Tuesday night, the message was that their will be a dividend in 2019 they are currently looking into what it will be. They want it to be sustainable so it wont be to high.

I think this is very positive as it shows 1) The company think the payments and cash from Mnazi Bay will be sustainable, 2) The BOD/mgmt is giving the right message to the market that they want to return cash to shareholders rather than spend it all on new project / capex.

5 prospects with 500m in average in each prospect on Total block, and on top of that several leads.

Slide 7 http://www.africaoilcorp.com/i/pdf/2019-01-21-CP_AOI.pdf

https://www.africaenergycorp.com/operations/south-africa-block-11b-12b/

Big report on Total discovery in Platts.
https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/020819-total-makes-game-changing-gas-condensate-find-off-south-africa?utm_source=dlvr.it&utm_medium=twitter

https://www.proactiveinvestors.co.uk/companies/news/214236/tower-resources-algoa-gamtoos-prospects-boosted-as-total-opens-up-world-class-discovery-next-door-214236.html

https://business.financialpost.com/pmn/business-pmn/cnq-partners-in-significant-south-africa-offshore-oil-and-gas-find

CNRL investor presentation, South Africa slide page 67

https://www.cnrl.com/upload/multi_media_element/187/06/1205_w_cnq-investor-open-house-2018.pdf

http://www.newafricanglobalenergy.com/operations/south-africa/