Member Info for Ddraig

10.16....companies can actually make a loss and be worth more than zero...because they have assets (tangible or intangible) and therefore the equity price is the PV of all potential perpetual future value. But of course you would have learned that at colleague...if you went

Just goes to show how corrupt and illogical AIM is - don't find oil = price drops.....find oil = price drops....do nothing with no news = price rises....it's not the market venue thats the issues, its the participants, higher percentage of sludge at the bottom of the barrel so to speak.

Didn't realise it was back up and running so did it manually as I have the last couple of years managed to pick up an extra 100,000 shares after the spread and costs by dancing round the movements in actual bid / offer...might only be about £550 but thats an extra 2.75% of ann allowance into the tax efficient environment for minimal effort

11.39 - Not only that but it'll be a test of the SMD intervals and confirmation the SFS is better than anticipated / can potentially have hidden additional pay zones. It's an amazing result for both companies. Roll on Tuesday....just shame they are not testing till next winter.

Maybe not a surprise...too many RNS's worded like this and not only from 88E....the type of investors at an AIM level are generally not technical in this field or they have a short term strategy . might not get any traction till it's coming out of the ground (if it does) well aware that could be 1 or 2 years away...so there's no rush to move it up. this is what almost 10 years of disappointment manifest as...even if the news if great and it is an asset to monetise the hurdle of proof is significantly higher than this information.

15.53 - not sure how they could make any assessment of commerciality this year if they aren’t flow testing till next year. But maybe I’m wrong

US has approved the 8bn Williow oil field Development

09.07 - I also love the calculations :-) but, without wishing to be the bearer of bad news, there is a cost to extraction which you may have overlooked. $30, / $40 BBL maybe. I don't know and it's a complicated calc that only the company would be able to work out. But still, having 650m bbl recoverable would of course be far better than the current position and share price, no doubt

If they thought they were a take over target last year then they will be gone now...£200m market cap without follow on funding, farm out or plan...they better have something spectacular but their sleeve as gravity is in charge

09.30 - S**t126 is not self aware

09.29 2 fundamental things that mean the Alkaid anomaly and gas cap have no detriment to Hickory. Firstly, we're not drilling the Alkaid anomaly...were after the SMD, we are also down dip so can't see how we would encounter any gas cap even if SMD exhibited that...which its not understood to.

Not sure why PANR didn't err on the side of caution and drill deeper but they didn't - at 4% don't think they will bother until they have a risk share. SMD looks better and thats what 88 is targeting.
Interesting though that the nay sayers have been thinking we were leveraging off PANR results thus far to gain traction but looks like PANR will now look to do the same with Hickory....the worm has turned.

Maybe I didn't read the RNS hard enough but is that it for this well? take the data and look for someone else to drill again lower? Mentions moving on to their other bigger prospects...when?

I must be missing something...if the news is bad the price goes down (logical), ion the news is ambiguous/not certain, the price goes down (glass half empty but okay), the news is good based on the information they have, the price goes down (don't get it)
So in summary....what scenario drives the price to go up?? Genuine question...because I simply don't know anymore!

Here you go Snot - I predict PANR will be subject to a hostile takeover for peanuts....then you're fk'ed...then what will you do with you pointless existence?

02.41 - I have recognised that Snot's 88E bashing / PANR ramping (lording over) comments have a negative correlation to PANR price and suggested a new tactic of leaving 88E alone / shutting the F up and maybe their price would recover....you'll be surprised to hear he didn't listen! Reap what you sow. Not that anyone's comments on these boards make a great deal of difference but I just don't get the whole 88E bashing thing? Maybe he does the same to Shell, Connoco etc but it's still Fk'ing weird....just take a moment to think about Snots comments on a Shell chat board stating Shell are a has been company=, they are all idiots and the future is PANR...ha ha ha.
PS - Snot - as I've been imploring you for ½ years...please get help :-)

09.11 - Maybe Scot should reflect that every time he pipes up, PANR reacts to the contrary!..
If he keeps quiet maybe it'll go up...currently dropping this morning after his comments (which I don't see by the way) but assume its standard approach...PANR are amazing and 88E are pants? Just a guess but don't need to be Mystic Meg with that clown :-)

Churchill had some crackers...
"You cannot reason with a tiger when your head is in it's month"

And fitting for this market...
"Fear is a reaction. Courage is a decision"

16.10 - Its all about timing....some will look to make money if it goes up or down. I think if you wait for the work to be done on this well and the final results then it'll be peachy. The losers will be those that scare easily. The shorters I'm sure got a few in the industry to help their position (ye, I'm saying manipulation).
To be honest, and suggesting logic - A very small (compared to the other opportunities) anomaly opportunity has been priced as a failure even though the current proportional results are in line with target and the challenge is not a significant one (ie clearing out 20% of remaining blockage and allowing the well to clean up).
What is Alkaid in comparison to and as a percentage of the total of the SMD, SFF, BFF and Kaparuk? nice by itself but ultimately a rounding error yet its apparently 50% the value of the company? Something smells rotten.
The biggest risk here is that the above said manipulation is a deliberate act to create aan opportunity for a hostile takeover...which of course will be an American firm.
That even vaguely is in play, I'll be straight on the to SEC to call BS on this!

Ivans...its a production TEST....not production
Maybe have a look at the production plan, the number of laterals and then do the maths...
And thats all before SMD, SFF, BFF or Kaparuk....but I'm sure you already know this...or maybe not