Member Info for kr1988

So just been on the Panr board fishing for updates and one of the posters posted the below. People seemed to be getting very edgey last week and its calmed a bit now (prob paid re-rampers) but either way I've been watching it as it affects us. This is the time line they came up with. Its a poster so not exact but the way he researched it I feel it has some legitimacy.

Others may be thinking or promoting the idea that the CTU should have completed by now. The last RNS was ambiguous: ‘coiled tubing unit has subsequently moved onto the well head to commence a cleanout of the sand blockage which is scheduled to occur over the weekend’. But given the history, that would have been extremely unlikely.

On 10 Nov, the first CTU was on site, ‘ Clean out operations continue …(with) … conservative pumping rates … due the tight tolerances between the outside diameter of the CTU and the inside diameter of the production tubing’.

8 Dec, they reported: ‘clearing most, but not all, of the blockage and flow testing has resumed’. Subsequent report 30/12 told us there was a blockage of about 1,000 feet of frac sand, which means they took 28 days to clear just over 4000 ft in a delicate operation.

25 Jan, the workover rig began to remove the tubing and packer from the wellbore to start the sand blockage cleanout, with operations ‘estimated to take approximately 10 days.’ Bad weather and rig problems delayed operations a week, and it wasn’t until 10 Feb the workover rig moved off the wellhead, with the SLB CTU due to start removing the sand over the weekend 11/12 Feb.

I reckon the earliest we could hear about clearing the blockage would be Friday, more realistically Monday. SLB (Schlumberger) are experts in CTU operations, which increases my confidence they will be successful here.

That's a good piece of work thank you, the board has gone quite recently and being an investor in 88e Im keen to know when the rig will be released (hence why I'm on your board).

I did think we wouldn't hear much but I do find PANR like a friday update so maybe we will get one then or next Monday. We dont need the rig until early march so as long as we get it within the next 2 weeks their wont be any issues.

I've managed to register so ill be asking the big questions that no one else is prepared to ask......... Tanzia must be hot, do you provide the team with regular ice cream breaks and if so what's your favourite sprinkle flavour?

Thanks I did try and register however it kept sating too many attempts when I verified my email so the system must be playing up.

Matd now have potentially two drills to spud so this sp could go flying when that land access is sorted out. I may go in their next after 88e, if its q2 its only a maximum wait of 3 months and then move over to HE1 in Q27 sorry mean Q3.
If I can get one for Q4 that be a good year 4 spuds plus manty the odd quick day trade.

How do we register?

Just listening now really like this, just looked at the share price a bit difficult to know the buy in price, will it go sub 2 pence again?

We get one spud for certain and then we might get a second as a bonus when they sort out the land access.

Thanks, could be where to go next...

If they get that heron land approval this will fly, strange they got the rig before land approval because if they break the contract it could cost them money?

Have you watched the video on this website?

@Josh if you their I believe it started at 10:00 any interesting updates so far?

So AEX is one I regularly watch, the last update came out around November time saying their was a delay with the rig and they will spud in March instead. At time of writing no further updates from the company. They may be a company that is sharing a rig with HE1 but that's only speculation.

They are a Tanzia based company looking to find gas, they have full support from the government who are willing to build a pipe line for them so if they can get a rig and hit gas they will be up and running quite quickly.

The best buy in price is around 1.01- 1.05 ideally you don't want to pay more than that however a new update will either make the sp fly or drop like a stone. I suspect with the last update saying a spud is due in March a new update will be released soon as they cant really say March and then get to April with no news........

So we are coming near the end of Q1 a few of us are lined up in 88e which should take us to mid March(ish) We need to look at where else is drilling to ensure we are fully prepped to take our huge gains and invest them in another company due to spud to maximise our returns.

Below are the companies off Dai's calender

Matd Q1, Exploration Well subject to Rig Availability, Production Well access issues with Gov Dept
Aminex, scheduled March,
IOG Southwark Q1(previously abondoned, risky, SP Value ?)
IOG 2x North Sea Kelhum and Goddard(no dates, just 2023, SP value ?)
MEN Q2, May Estimate, Paraguay, Cold Stacked Rig contract, being serviced (sp 110p, MC £11m)
UKOG H1 2023 Turkey, Basur appraisal well, need to check Boe Estimates

Does any one know much about the above companies any updates RE spud?

Ah right yes I looked at the trades after my last message and yes lots of chunky sells went through and I agree I think they were sells not buys but if you brought two days ago you have prob made 10-15%

Yeah with HE1 we will be able to trade it the difficulty will be the spread, before it was around 5% so quite large but that person did it before with the 100k trades. If you look at your chart it seems to move between 5.45 and 5.8 so gettign it at the very best price is really the only way to make money unless your putting in huse amounts.

I suspect the best way is buying at 5.5-5.6 and then selling when their is news and maybe take 20% profit.

Their might be better options out their for q2 will start a new thread........ to discuss this.

I'm avoiding HE1 for now, but it a way its good it gives us a spud later in the year to buy into. I think once the rig is confirmed the SP will fly but we need the contract signed this time.

What trade sorry?

Sirken 88e is a company that drills every year snd ore soud the sp goes crazy before they find a duster and sp drops again. It’s been the same for years now. We had an update about 2 weeks ago saying spud is early March the only risk right now is patheon resources Panr have the rig still so until they release it we cant use it. Whilst delays arnt the end of the world we plan to drill on ice which melts in April so we are running to a tight deadline. If you don’t like risk wait until panr announce the rig has been released snd then it’s all go from their.

I wouldn’t stick rounf did the results however must be 4 or 5 attempts and each one a duster so have no faith this time but making money in the build up so very happy.

For further info search ‘gold’ and join our he1 splinter group where we discuss other shares and general investing ideas

Come over to 88e we’re just about to spud in March. I’m making back my losses from here, I’ll be back when the rig is confirmed in the interim I’m off making money which is why I started investing in the first place.

Least the sp is low already….. I think people would accept q3 with a rig signed but still in discussions it could be q3 2024

I can’t read charts dai :( what does it show?

But yeah it appears they are due to drill in q2 their sp has dropped just as quick as it went up just before Christmas. Lots of investors prob cought on that spike!

Dares lol

But yeah boil doesn’t seem to be dripping there is rumors of big news Happening this month. If all goes well then great but this is aim and full of empty promises. It could drop just as quick as it rose.

He who dates wins...... Lets hope their is an RNS or at least stay at this level tomorrow lets see no more red days!

I know yeah lol i'm more than happy to sell them for 3 pence each

We spoke about getting multibags and how strait forward it ill be however when you are in this position it doesn't seem that easy lol Due to the price being held back I think doubling my money on this share will e a good result, I don't think we will see the two pences again.