I'm sure their contributions had little result on today's share price
IMO opinion it was caused by a tsunami of sells by stale bulls desperate to sell into liquidity after 3 years of dashed hopes
For a flavour of the anger and disillusionment, look no further than the Hot Copper website
"Taking a short out on PANR will be very rewarding in 2024"
You'll need to get your timing right on that one
Crashed from 180p to 8p following the Texas debacle
And 120p to 10p following the recent Alaska fiasco, where every result has had to be "explained" to incredulous investors ( cement deposited in wrong place in drill,
wrong frack fluid used etc etc)
Hence the demotic bitterness on here
Seems to be in auction to buy atm
This from another site
"2,000 wells @ $16 million each = $32 billion.
100 drilling pads @ $50 million each = $5 billion.
Bare bones = $37 billion.
Now. 2 billion barrels of oil/NGLs/gas recoverable @ $10/barrel = $20 billion.
A $17 billion deficit.
At 4 million barrels recoverable (that is $40 billion) it is barely break even.
Does any investor think that a farm in partner is going to invest tens of billions of dollars in order to break even?
With risk and inflation and environmental issues?"
There are 2 other zones in this well which they for cost reasons and time constraints didn't need to flow test right now, because they already know that they contain viable oil
The whole well is commercial
Fund % Short. Date Changed. Share price
The Mangrove Partners Master Fund, Ltd. 1.53% 11 Sep 2023. 31.8p
The Mangrove Partners Master Fund, Ltd. 1.43% 9 Sep 2023. 22p
The Mangrove Partners Master Fund, Ltd. 1.26% 7 Sep 2023. 22.98p
The Mangrove Partners Master Fund, Ltd. 1.11% 6 Sep 2023. 19.76p
The Mangrove Partners Master Fund, Ltd. 0.91% 5 Sep 2023. 20.44p
The Mangrove Partners Master Fund, Ltd. 0.73% 1 Sep 2023. 22.42p
The Mangrove Partners Master Fund, Ltd. 0.59% 17 Aug 2023. 11.2p
The Mangrove Partners Master Fund, Ltd. 0.70% 15 Aug 2023. 11p
The Mangrove Partners Master Fund, Ltd. 0.76% 29 Jun 2023. 10.5p
The Mangrove Partners Master Fund, Ltd. 0.91% 23 Feb 2023. 52.2p
The Mangrove Partners Master Fund, Ltd. 0.87% 21 Feb 2023. 54.2p
The Mangrove Partners Master Fund, Ltd. 0.61% 3 Dec 2022. 73p
The Mangrove Partners Master Fund, Ltd. 0.54% 1 Dec 2022. 74.75p
" if you can't afford to wait another couple of years then you really should not be investing in AIM listed companies"
The truth is with the time scales, the only people who should be investing in this sort of company, with its endless extended time estimates, are those with a 20 year time outlook, are eg pension funds and sovereign wealth funds, and even these seem to be giving the company a wide berth as being too unreliable in its forecasting for normal investing
This investors report discusses figures. Anything over 100bpd is considered commercial. We are at 70bpd with the SMD to come
https://nextinvestors.com/articles/88e-found-oil-does-it-flow-we-will-soon-find-out/
Scot, are you ready to stand your corner on the $120m needed by Panr+ the amount needed to pay off the death spiral?
And wasn't David Hobbs supposed to be giving details of non dilutative finance last week?
What's gone wrong there?