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I think you’ve pretty much hit the nail square on the head, Redirons.
A large majority are thinking “Here we go again” but actually not realising the difference between a stab in the dark and an appraisal well
*I too (not I open)
LTI
I open have been here a while and experienced the sour taste of failure. But I genuinely think this time is different.
Learningtoinvest,
We’ve all missed your joyous optimism here. How have you been?
The thing that most people seem to be missing here is that this is the first 88e drill that is not a wildcat. This is an appraisal well based on solid data, backed up by PANR.
So we’re not looking for a needle in a haystack this time, we’re actually looking for a needle in a sewing kit.
I’m so annoyed with myself.
I bought another few million several weeks ago. If only I’d waited a bit (I guess you never know).
This SP is an absolute steal for anyone buying today!
But Merlin was a Wildcat. This is an appraisal well. A very different prospect.
Honestly, I think the time people will start to realise the potential of this stock is in the summer when the K-POP concerts start being televised globally. Then it will rocket.
LTEL,
It wasn’t Einstein, but a great quote nonetheless.
Let’s be grateful that we are no longer drilling wildcard wells…and actually proving an appraisal well this time.
If it’s commercial oil, I’d expect a buyout.
If that happens the SP could be anywhere between 5-8
PANR market cap is currently almost double 88e
Not too long ago, their market cap was pushing 2B.
The geology hasn’t changed. The oil is still there and the price has only dropped (most probably temporarily) due to poor management of funds and a reduction in shareholder confidence due to the amount of debt.
88e is debt-free going into this drill. So, if Hickory results are positive there is absolutely no reason why this share price should not reach 3-4p minimum in a very short timeframe.
Also, 88e will be very attractive to some of the majors who will have chequebooks at the ready.
A couple of years back I too was directed here from another board (88e). LVCG has lost me quite a lot of money since then but I still have faith that it will come good this Summer once the KFLEX concerts start to make headlines.
Never mind he rocket emoji, Scott.
Where is the yawn emoji? Because that is what we all do when you post.
So, you’re comparing the value of the entire PANR acreage to one 88e well?
Good logic, Scott.
You know I think you may be right. If you forget everything else that 88e owns on the North Slope and in Texas, that one solitary well may have less oil in it than there is under all of the Pantheon land.
NS,
I completely agree with you. This is Project “Phoenix”. They are doing it differently this time. This gives me confidence that (this time) they aren’t taking a wild stab and hoping they find something. I get the feeling they are quietly very confident about what they have and are just going to go and prove it. No need for any fanfare…just heads down and get the results. Bad news for the annual ‘get in, get out’ crew but great news for LTH.
“…if I did I might loose lots of money like those who listened to you at PANR…”
Chris, the sentiment of just about all of us I think.
Climb back inside your box Scott. Not one person gives a flying __ what you think
Good news
Yes, I believe so.
Buffet tends to be ahead of the curve with investments. If he’s investing heavily in oil shares it means there’s money to be made in oil.
https://www.investors.com/news/warren-buffett-loads-up-on-occidental-stock-as-energy-stocks-plummet/
Miner
I tried having a civil conversation with Scott ages ago. I gave up. He’s clearly knowledgeable…but lacks civility.
Thank you Howey
It’s nice to be civil