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ShouldveSold - you do realise how this works? You invest in a story that may either increase the value of your investment or decrease it based upon results. I don’t know how many times to repeat this - we don’t have the results from the P1 drill - the SP reflects the uncertainty along with the same generated by the JR challenge.
You say you don’t bash - well that says much which ironically is the case in the choice of your avatar...
I rest my case...
ShouldveSold - note your selective style of posting where for a holder you do miss some key info from the information you publish... try this for size -
Exhibit 1 - you post Until that time all the data I have is " P#1 is Non Commercial. And I accept that.
However you somehow forgot to add vital and important information in regard to the P1 drill.
So perhaps Exibit 1 should actually read - Until that time all the data I have is " P#1 is Non Commercial but has found a working petroleum system with seals and the company have enlisted a third party to deal with possible farm in discussions with an unsolicited approach already been made. And I accept that.
And you claim to be invested? My god you are not so bright to state facts in their entirety which is ironic because you state the BODs to be also not doing the same - priceless.
Ps I’m not interest in your credentials but you have to admit it’s quite frightening that you have been let lose with some cash to invest yet fail to read an RNS then spend your time bashing your investment. I’d hate to have you in the trenches with me in a war...
God damn it!!!!
* maybe there was a tale tale sign to back off and live to fight another day?
Jono that’s fair enough - I guess dry hole sounds so terminal and so negative to the point where one would read that and assume the BODs turned to each other and asked where next lads, following the completion of P1!
I am in the camp that P1 produced enough to peek the interest of a few suitors - a bit like a short skirt - long enough to retain modestly and short enough to keep you interested...
Anyway the fact that perhaps TD was at the top of a structure and rather than risk a drop of any oil seeping out thus playing into Fred’s hands and let’s face it maybe assist with the raising of the 200k they stopped and in doing so also saved cash as well as showing drills can be carried out successfully without impacting the beauty of the region. I’d imaginge the pressure of any oil at that depth would be huge - maybe there was a tape take sign to back off and live to fight another day?
Yes I do wear my heat on my sleeve - life has been tough but that’s for me to deal with and not something where I feel life and society owes me. My investment here like many reading this could really be life changing not just to me but my family, so yeh I take exception to bashers who lie and manipulate to suit their agendas from the comparative safety of their keyboards and hope one of em is made an example of - the same can also be said for the rampers who do the same in reverse!
Still the truth always outs in the end and my theory might be wrong - it’s 50/50 but that’s a chance I am willing to take.
Enjoy your evening and look forward to exchanging views as the story unfolds...
Grrrr
* How many times have supporters left a ground early thinking their side lost only for 2 quick scores to win the game??
Post of the week by GG... although the later half of the post appears to have missed the results from P1....?? Strange that!
Everyone on here can post projections or opinions but its all down to results. Everything is down to results.
Sooner or late the crunch will come, its either great results from Cerp wells or bust. Simple as that. GG
So in conclusion no one can call the BOD anything until those results are in... no one can call P1 a failure until those results are in.... no one can classify the hole as dry until those results are still in... no one can say the JR case is won until we see the results...
You get the picture...
It a horse race - you have bet on the nag that’s third from the back with a furlong to go... some posters are behaving and posting as if the race has already ended.... and thrown away their betting slip...why on earth think like that - read the RNS again and see if what some are saying could hold some credence?
How many times have supports left a ground early thinking their side lost only for 2 wick scores to win the game??
Of course you don’t have to be invested to comment but let’s face it the majority of those negative comments are from those who are not - no agenda there then? Oh the games and charades of the day traders...
All in all we live in a world where expectations are set as instant or nothing... many need to chill out and relax... there is a setting in between and it’s called patience.....
* fulled not field
Oh you are invested - then I put to you again how can you say the drill was a failure yet still don’t know what the results are ??? You maybe right but you could also be wrong so stating it’s a failure is a blatant lie as no one actually knows yet...
Please don’t tell me that you are relying on the SP as a barometer as that is field by people selling along with the market reaction to the news that the well was not commercial - what do you think the market will do upon positive news from the results?
Respect your view but please don’t post lies and confuse opinion as fact...
Antha - apologies as I interpreted your post a little different - yes I agree they will need help but then could an RBL be sought?
Zag then why are you even here??? Makes me laugh how you stand by your post but let’s face it that’s all you have... I wonder if you will be so candid when the results are announced and reveal its secrets...
Got much invested then? Thought not... lol
I hate iPhones....
Oh Jono - I’m beginning to think you are like Big Ben... multiple faces... you now say P1 was a dry hole... so you have access to the drill results after all?
Earlier today you said you hadn’t (like the rest of us) so on the basis that the results have not been made public so we can all see what info was gleaned from P1, perhaps you can quantify how you arrived at your latest conclusion?
I do hope you are not being mischievous....
Oh Jono - I’m beginning to think you are like Big Ben... multiple faces... you snow say P1 was a dry hole... so you have access to the results?
Earlier today you said you didn’t know so on the basis that no one knows what info was gleaned from P1 perhaps you can quantify how you arrived at your latest conclusion?
I do hope you are not being mischievous....
Shouldvsold- agree the market thinks it was unsuccessful - however like you they don’t have access of the P1 results - no one does so as I say until the results are in that posts is pure conjecture and sadly biased - I assume you are not invested?
Jono - thanks for squaring that all up and believe me I have hope based upon clues within RNS’s which is down to my interpretation of them - the doom merchants say P1 was failure - well that is definitely is not true - all we know is P1 was not classified as commercial in terms of a negative but we have no idea what that actually means - put it this way there is enough gleaned from P1 to have unsolicited approaches from others to the extent a third party has been appointed to deal with this.
I think you sun up my point very well here and I would welcome some thought from others with oil expertise to comment which my point stems from the TXP RNS on Friday...
You also right to state that its quite common to drill a dry hole and then then go back and drill successfully.
Just one other thing did you know that most underfunded drills end up being P&A'd while successful drills end up going over budget, just one for the conspirators.
Bang on with that post Jim...
Antha - you do not know of any failure or success until the results are seen until then it’s merely your opinion - so perhaps you should think before you make statements of fact?
Zag you do not know of any success or otherwise until the results are seen until then it’s merely your opinion - so perhaps you should think before you make statements of fact?
CERP 84 is Stewart Ahmed still there too?
I referred to him as the Trinidadian Wizard!!
Willibobs - ref your plan B - until plan A is known why would the BOD’s need to reconsider strategy?
Surely you can see in the acquisition of CERP gives the company plan A+ to run with and as per the companies RNS they are on with plan A+ as I type... some news on S2 would be helpful!
So let’s keep plan B out of it until we know the outcome of plan A+ Eh???
Jono ok so Potter has worked for BPC for 15 years - fair enough, I guess I was pointing to his leading the company.
One point through - do you know something we all don’t ref P1 drill? Have you access to the results?
So not commercial set to one side - tell me why you keep posting that they got P1 very wrong? You do realise it was an exploration drill and no one knows what has been found other than it was deemed not commercial but a working hydrocarbon system and seals were discovered? Do you understand the significance of those two nuggets?
I also assume you saw my post ref TXP and how they drilled a well only to have to revisit because the initial poke in the soil discovered oil deeper in the ground - how do you know this might not be the case at P1 or Goudron whilst we are on the topic of what lays beneath?
Truth is neither you or I know for sure so in the interest of balance let’s not get ahead of ourselves eh?