Member Info for leesteuk

Dilution then !

In a week, a little update would work wonders !

Although brokers are paid by a company for coverage of said company that does not mean they are paid exactly what to say,

I look at it as a none official rns to keep panr in the "news" so to speak and to try keep the sp decent whilst farmout talks continue.

Cbaron

No I'm shocked 🤣

Seriously though its just a waiting game now ! Nervousness because if there ends up being no farmout partner it's likely the end of the road here which we don't want to think about that scenario!

Bricks

That makes a change 🤣🤣🤣

Bricks

Not directly no.

Bricks

Thanks for that

It only enhances panr value to make the west more self sufficient and less dependent on the middle east,

IF there's a way to get the oil out that is !

That's the 50p /£1question !

Bricks

What did it say ?

Bricks

What did it say ?

Dickie

I agree it is all a bit unsettling tbh and makes you (well me at least) think more about what is happening and is it going to be bad news we get,

Could do with some kind of reassuring rns to tide us over and help stability of the sp.

Dickie

More like creeping down as we were over 13p recently now 11 somthig p

That was to Dickie !

That's the big question, have talks been ongoing for months or weeks 🤔

Was work suspended on Dub1 at the beginning of the year and pressure testing started because people were allready in the Data room and insisted on the pressure test ?

If so we could allready be well advanced in talks,

Still as you say it will be months before any deal will be done,

In the meantime it would help if panr would put out the odd RNS to keep the pot boiling and there are many things they could say in a few well times RNSs

Presuming of course there is no bad news coming such as bad testing results etc,

All in all so far things must be going well all things considered because these farm in partners would not spend time and money in the data room if they thought it was a lame duck (At this stage)

GLA

Oil prices (yes it does affect the sp as far as mm are concerned) and panic selling/profit taking.

Could drift lower untill a good update arrives so lets hope its not months for a positive rns to land

Nomadme

Looks like a 400000 sell to me not a buy,

I think this will drop back to 9p like it did the other week after the Spencer euphoria was over.

Looks like I'm not the only one who doesn't like Max !

BricksSA

Yes choreograph was the word I meant 🤣🤣🤣

If anyone is interested

The big boys in the data room is very good news,

The rest is just positivity based on nothing proper solid at the moment (unless they have pressure test results in)

Rns said " Dubhe-1 drilled and tested, confirming the presence of movable hydrocarbons, prior to being shut-in for pressure build-up and other analysis, and re-start of testing pending the outcome of partnering discussions"

To me "drilled and tested must mean pressure tested" because it has not been fully flow tested has it and flow testing has been stopped until partner found to fund (hopefully)

Bit annoyed at Max contradiction though,

RNS SAID

"Actively pursuing farm-in opportunities with good early progress on partnering discussions, with multiple major energy companies actively evaluating the assets in the data room"

MAX SAID

"I am encouraged by the level of interest shown in our data room and I look forward to holding constructive discussions with potential partners in due course.

Unless it was the tea boy doing the 1st talks !

Anyway I'm not keen on max I think/hope he may be on borrowed time ( just a feeling)

Anyway I do think the sp will drift down untill the next RNS is in.

Also disappointed no comment from Spencer which was probably what the market needed,

Hi Dickie

What I was trying to say is if pressure test results were negative then an RNS would be required stright away regardless of any farm out talks,

Rns would have been better if axstatement from Spencer had been on it and not just Max E,

Cbaron

The fact they have confirmed the present of movable hydrocarbons tells us the pressure test results are known to the board and are being used in negotiations,

They would not be able to confirm movable hydrocarbons if the test pressure test had been negative,

Continuing testing likely means flowtesting to continue after a farmout deal.

Cash burn is high considering they have basically downed tools but if push came to shove maybe Spencer could provide a low cost loan himself if a deal was not done before panr were to be in danger of running out of cash!