Member Info for Louis10

And don't forget, PANR already has around 30 million in convertible debt outstanding.

Needed (in reality):

1. Extended flow test.

2. Industry partner.

Sums it up

https://twitter.com/KeyTradingKeys/status/1720827492687102019

All that matters is funding. Can they get it and if so on what terms? If convertible debt, SP will be under 10p.

Remember too, if NSAI also give a big number to 88E's Hickory-1, it makes a mockery of PANR's contingent resources claims.

Tony's back on the PANR board with his Oilman Jim fetish again. Hence his inability to focus clearly here. Thought it might be helpful to provide some context.

Not sure how "regular & respected posters" can guarantee flow rates.

Falcon Oil & Gas (FOG) announced a Beetaloo operational update regarding the Shenandoah South 1H well in EP117, which is operated by Falcon’s joint venture partner, Tamboran. Results of the diagnostic fracture injection test are said to provide confidence that the upcoming flow test of the well can replicate or exceed commercial flow tests achieved at the Santos-operated Tanumbirini 2H and Tanumbirini 3H wells in the EP161 acreage. Flow rate results are anticipated to be released in early Q1 2024 and on successful flow testing, the joint venture expects to be in a position to sanction a proposed pilot development in the Shenandoah South region. It’s a big project with trillions of cubic feet of gas estimated.

Interesting paragraph in Exploration News today

Corcel (CRCL) announced an Angola update. Drilling of the Tobias-13 well in onshore Block KON-11, where the company has a 20% working interest, has ended as planned at a target depth of 958.5m. The full Binga reservoir section (~120m) was encountered in the well and the results both confirm the ability to reactivate production through an early production system and imply significant hydrocarbon potential remaining. A rig move to the second well location is currently underway and a spud date for Tobias-14 is expected in mid-November, with drilling expected to last approximately 40-50 days. It’s an interesting one, but attraction is limited by the company’s convertible loan note arrangements.

Mention of PRD's flow tests in Exploration News today

SDX Energy (SDX) announced a successful Ksiri-21 well test. The well, targeting a prospect within the Hoot formation, was drilled to a total vertical depth of 1,955m and the well test resulted in a flow rate of approximately 4 million cubic feet of gas per day. SDX is the sole independent gas producer in Morocco and says it works closely with its partner, Office National des Hydrocarbures et des Mines, on all aspects of development and production. Predator Oil & Gas (PRD) hopes to be a competitor and results of its well tests are expected soon.

Interesting comment in Exploration News today

88 Energy (88E) announced that following Pantheon Resources (PANR) declaring a significant contingent resource for the Lower BFF, it has appointed independent consultants NSAI (the same ones used by PANR) to assess the BFF reservoir at Project Phoenix. The company anticipates that NSAI will be able to complete the maiden contingent resource estimate this month (it’s obviously not quite as much work as PANR made out) and it may lead to Hickory-1 being confirmed as a discovery. Certification of a contingent resource for the BFF reservoir would be a significant milestone for the 88 Energy, also allowing the focus of Hickory-1 testing to shift to the shallower reservoirs. It’s a clever move by 88E and not good news for PANR.

Whose consensus? Hartlepool Bob and Madman Rob? ROFLMAO

Makes one think that the public companies may be proving up the acreage of others exclusively at the public companies shareholders risk.

Agree, Olderandwiser, counting chickens before they're hatched is never a good idea.

Suspect the market worry is that Majid / BOD will waste the money.

Https://twitter.com/KeyTradingKeys/status/1720827492687102019

Let that sink in

I sleep very well, Brian.

Doubt "Scot" does.

Agree

01:55 3 Nov

Probably not paid specifically for this, PR is just part of his director's duties.

Notice the qualified wording of his denial.

Tick tock, Scot.

Now, what prediction am I 300% out on.

BTW, it's Louis, not Jim. You're previous assumption that I was only here to post blog links was out by a country mile.

Difficult to see anything of any value that you've ever posted, Rob. Just chunks of RNS announcements cut and pasted. You can't even understand and summarise them. He might not be the sharpest tool in the box (PANR investors never are), but at least Rabito has a modicum of intelligence.