Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
"reported Bloomberg citing undisclosed sources"
The sources are incorrect. Nothing at all been said officially by Shell
Article is wrong
I don't know where you got your info from but Prax are still in the runing to buy Shells SNS assets along with others.
Here is yesterday's (29th August 2023) comment from WH Ireland:
"Pantheon Resources announced that Netherland Sewell & Associates (“NSA”) has ascribed a best estimate marketable contingent resource estimate (2C) of 962.5 mmbbls of liquids to the Kodiak (formerly Theta West) project in Alaska. The estimate consists of 314.6 mmbbls of oil and 647.9 mmbbls of NGLs.
NSA’s upside case estimates a recoverable resource potential (3C) of 2,014.2 mmbbls of liquids.
Pantheon also announced that NSA is expected to complete a resource potential of estimate for the Alkaid horizon at the Aphun project with expected completion in Q4 2023.
The company indicated that it expects its combined stream of liquids to achieve a realised price of approximately 90% of the price of Alaska North Slope crude oil.
The company has contracted a rig to re-enter the Alkaid 2 well to test the SMD horizon. The company stated that mobilisation is targeted for September.
The company indicated that it intends to host a webinar in due course to provide a comprehensive update on this development.
WHI View: We believe that the third-party resource assessment provided by NSA substantiates the enormous recoverable liquids potential of the field.
We are not surprised by the significant difference between NSA’s best estimate (2C) resource estimate and its upside estimate (3C). For context, the areal extent of the field is enormous and it has yet to be fully delineated with the drill bit – there is a lot to play for through appraisal drilling.
We believe that NSA is a recognised global leader in oil & gas resource assessments and we are excited to see them endorse the project with a very significant best estimate resource potential with further upside based on their 3C estimate.
We believe that the outlook for crude oil prices is robust.
We look forward to learning more about the NSA resource estimate and see an increasingly positive outlook for Pantheon Resources. We believe that having an independent endorsement of the project by NSA is significant and will allow the company to build forward.
Brendan Long, CFA Analyst"
"Personally, I think it's a POS, which ends up at zero, even if it does get pumped and dumped beforehand."
PANR is such a pile of S that this idiot posts about the company 24/7
What a loser.
I am so glad I bought a lot of PANR at all prices below 12p
Don't listen to the idiots who hold no shares in any company and just troll forums with utter nonsense
The tax credits acquired by Prax can only be utilised so long at the HUR P6 well (or any other well on the Lancaster licence) is producing oil.
"There is little incentive for prax to invest in boosting hurricane profits over the next 3 years.After the 3 years is over its a different story as prax gets 100% of the returns."
One of the reasons Prax bought HUR was for the valuable tax credits you loony. They need to buy producing assets to use the tax credits. when the HUR P6 well becomes uneconomic in early 2025 then the tax credits become worthless. Prax have to use them whilst HUR is still producing.
Stop plucking figures from thin air
Look at the data ASI instead of lying
Early 2020 Average via auction price $500+
Just becuase this doesn't suit your narrative does not make it false info
there were 2 auctions in 2020. average achieved was $520. so stick that in your pipe mr bull****ter
name them, it will be easy for you to do, as i have never seen one that has managed to do so that has taken place in 17 years and i have access to data for every auction that has taken place during that period and i have posted the quarterly and annual figures for zimbabwe diamonds and every diamond producing country globally for anybody to view on here via kimberley process.
the bull****ter is back
27t April 2023 RNS:
Tower has also continued to pursue possible financing at the asset level, whether in the form of a farm-out or a financial investment in the Company's operating subsidiary, Tower Resources Cameroon SA ("TRCSA"), to achieve a similar economic result without the need for a formal approval process. Discussions are taking place with multiple credible groups, who have all executed NDAs and are all currently working within the virtual data room.
-- Discussions continue with rig owners and operators with the aim to secure rig availability in the third and fourth quarter of this year to drill at NJOM-3.
-- Discussion for a term loan of approximately $7 million with BGFI Bank Group ("BGFI") is ongoing and the Company is also actively discussing asset-level financing with several parties.
What I posted is in the public domain already.
19th June 2023 RNS:
Discussions continued with rig owners and operators with the aim to secure rig availability in the third and/or fourth quarter of 2023 to drill the NJOM-3 well.
-- Discussions continued for asset level financing with several parties, including a term loan of approximately $7 million with BGFI Bank Group.
From what I have gathered this morning after speaking to someone close to TRP they are currently close to doing a deal for a rig / bank loan / asset based finance. All 3 deals need to be tied down together.
JA is doing all this himself and is working flat out.
New soon.