Member Info for MisterPositive

All good here. Posted earlier $ value paid for Eagleford acreage been around $10,500 per acre going by what Penn Virginia paid. Our land acreage alone seems to be much more valuable than current MCap.....crazy.

That land deal valued it @ $10,460 per Acre. PANR has 25,000 acres + Production + Revevenues. Land value alone should be approx. 4x current Share price if Penn Virginia deal is to go by. Bigger Oil players have even paid up to $21,000 / acre for Land acreage there.

WOW....

M7. Gives you some idea what Penn Virginia paid for 19,600 acres of Eagleford last year. Forget the past, focus on future / forward potential. That is what Market re-rates on not past mistakes. ATB. Note: That is my posting style. Take it or leave it.

Houston's Penn Virginia buys Eagle Ford land for $205 million. Collin Eaton | on July 31, 2017. Penn Virginia Corp. will snap up assets in the Eagle Ford Shale in South Texas for $205 million from Devon Energy Corp., the company said Monday. The Houston oil producer's purchase of assets in Lavaca County included 19,600 net acres adjacent to its operations in the region, which means it can drill longer horizontal sections and cut its breakeven costs in some areas to $30 a barrel.

Agree. Short squeeze is on. Shorters are running scared and know they can never beat the Market, especially when sentiment has turned and momentum getting stronger each day. Should be a good week. Yes lot of upside still to come. Today was just the start of price recovery after the share price really got trashed last week, the extent of which was not warranted. GLA.

£3 - £8 is what the CEO thinks to be the Exit price in case of Take Over of PANR. Mind you it is achievable, but lot of work needs to be done to get current production levels to increase. Company has a fantastic prospective 25,000 acres of resource. Just a case of monetising it...step by step I guess. Once done, then Superior Valuation will come. IMHO.

That Valuation I think is further along the road. However £1.00 interim target is very much possible once the remediation works are completed successfully. Either way plenty of upside from current levels.

Agree. Any remaining Shorters must be running scared. Going by the strong buying into the Close, would expect a strong Open tomorrow with a quick run up to 25p. Bodes really well for rest of this week. Well done all holders.

Yep. Typical Market reaction last week- market always prices in Worst case scenario and Overshoots to the downside. Then adjusts upwards.

Agree. +30p is coming. Was being more conservative with +25 this week and +30p next week just to manage my own expectations. Momentum very strong now. Mr Market now adjusting UP after pushing the price down way too low last week. 32p - 35p (Avg 33.5) should be equilibrium point in my opinion which would still be circa -32% drop from 49p before previous RNS. -65% drop was not justified on ANY metric.

what u mean Pipeline Heaters are in ?

could we see that 30p run again this week ? Was happy to wait till next week....but all is welcome :-))

Any news leak ? Last 15 mins just turned it around Big.

What just happened ?

greg, spot on....Ticked up to 21.95 just a few trades real quick. Could see a Higher open tomorrow. Bodes very well for rest of this week and next week.

is back.....like the one we had during the 30p style run.

again.

My own price target is 25p this week and +30p next week after further updates on either VOBM 1 and 5 wells or both. Farm-Out RNS is the wild card that can drop anytime.

Alone should light the fuse here. Could we get Sidetrack on both VOBM 1 and VOBM 5 wells ?