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Just after the Pitchford RTO into VAST in 2015 the sp hit the heady highs of 5p (i remember as i was trading it) on a adjusted dilution basis that is now £2.60 equivalent, which shows the extent of the dilution/ rinse and repeat over the years...
Back of a *** box and again based on Ice-1 logs IMHO we are looking at 7900/7950ft - 9000/9100ft depths for the SMD on this well (>1000ft extent of SMD formation) vs 700ft for Ice-1.
Based on ICE1 logs and PANR ALK2 well, average daily drill progress, heres when the drill bit should intercept each of the 6 prospective zones being targeted for Hickory 1 well.
https://twitter.com/Harps_trader/status/1634985773169778689?s=20
Alkaid formation (of which testing the formation was the primary objective of ALK2 drill) isn't a target for Hickory 1. However, this is a very interesting snippet from PANRs RNA today, The SMD is the first 3 (of 6 targets) for Hickory 1 drill.
"Alkaid #2 also penetrated the shallower shelf margin deltaic ("SMD") reservoir, which management estimate to contain over 400 million barrels of oil ("mmbo") recoverable resource. The addition of these resources to any potential Alkaid development will significantly boost economic returns. The data collected indicates the SMD has significantly better reservoir qualities than the Alkaid anomaly."
TBF just listened & CB certainly didn't infer that there is any intention to sell down the 55m converted warrants, he just mentioned at the time they contacted him, they weren't currently share holders and were looking to convert the 2p warrants they had. ATB
Honestly think it's just stale holders selling at a loss...
If you look back through the trades at the 1.9m sells this morning. Those shares were bought 17 Aug for 0.255 and subsequently sold for a loss.
The lack of any PR from the bod here is somewhat frustrating and doesn't help...
Has anyone had any contact?