Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Older PANR have just issued a load more shares to extend their acreage rather than focus on reducing their debt They are going down the COPL route. I don't think coming on here to cross ramp and get 88 shareholders to pickup the tab is going to work.
Grey "A jaw dropping public theft" you are quite right I was one of those shareholders who got burned by that Arthur b_____d. I would however prefer it if we get 36-2 up and running before stretching out to get a slice of anything else.
Sorry brigg I disagree with your figures. 28.317 litres a cubic foot. Helium 5p a litre. 4.7 per cent concentration, half a million cubic feet a day multi plied by 365 gives me £12 million a year per well. That does exclude hydrogen and assumes a successful extended well test.
Wyndrum There may be ongoing talks with various parties and that may be the reason as to why we have something of a news blackout. I guess we will have to wait until after the lab results RNS until we hear anything new. Regards GL77
Stas Ist golden rule of investing. Never buy any shares in any company run by an Arthur. Wish I had known that before. 2nd golden rule if the CEOs name is Lorna get in quick? At least I hope that turns out to be the 2nd rule. Regards GL77
BRB Given the amount of time nobles lab report took, late March early April would be a good guess for the rubber stamping RNS. I will expect this to be a lot more comprehensive and to include flow rates and a size of resource evaluation for our well. As at some point our CEO is going to want to go shopping for joint venture/ farm in partners and they will want to do due diligence. Regards GL77
Fly I am hoping that after independent lab verification, negotiations for funding the development of our well can begin. I hope we will receive some kind of news on this or other developments in the near future. Regards GL77
Lifesab I think most of the zephyr investors are frustrated with the delays. Where would the share price be now if we had not had the mishaps at 36_2 and 16_2? Far far north of where we are now I expect. CH has expanded our paradox acreage, so he must be confident that the oil and gas is exploitable. What we need now are the back to back drills to prove it. When will that be? When will a suitable rig become available and when will we have the money to pay for it? Our cashflow is set to improve in May. So I am guessing sometime from May onwards. A little time to play away perhaps but you may be risking buying back in at a higher price if the drills are sooner . Regards GL77
Manifesto I am hoping for a big rise today. Followed by a behind the scenes auction for a joint venture partner. Followed by a joint venture talks announcement and another big rise. Followed by a letter of intent and another big rise after that. Followed by a joint venture announcement and another big rise after that. Up up and away. Regards GL77