RE: NORTH SLOPE OFF-ROAD TRAVEL STATUS REPORT19 Dec 2022 18:34
My simplified view: PANR successful flow test sends this to a high of 1.5 but settles 1.2-1.3. Then CR reduces down to about 1.1/1.2. Pre spud this climbs like it usually does and we hit range of 2.5-3p. Success with drilling then takes this to 4.5/5p and beyond. Failure sends this back to <0.4p.
Payload isn’t as much as Merlin, but is in a more commercially viable area. Think this gives it the same weight as previous drills with the introduction of a better rig and our neighbours.
Bad flow news at PANR and I can’t see this hitting the previous peaks. Especially with current sentiment in the market overall.
Heavily invested into this one. Shame we are genuinely relying on PANR for our SP. But just remember what one news article did to the SP of 88e in summer. Similar hype, and this really could take off.
GLA and of course; JMHO.