Member Info for MisterPositive

+27m .....WOW ....Expect some After hours trades to come through.

think few shorters trying to get a quote to close their Shorts as they fear it would open Higher.....Lol

Moving back to +20p

We all know the history of the past mistakes. Yet few smart asssses telling us over & over again same history.....WTF. Market has severely punished share price already. It's the limited downside from current levels and Unlimited Upside that is attractive to many. May be MMs flushing out the seller....won't be for ever.

WTF.....tested the 18.25 which was the 5 yr low. Clearly Oversold. Market treating PANR as one trick pony ? When it's not.....insane. Seems like Market putting absolutely 0 value for WILCOX and NAVARRO assets.

jjfluter, ...."I peaked too soon"..... try Viaagra......might help.....lol (only joking). PANR could do with a tablet or 2.....i tell YA.....

hahaha........LoL

pretty volatile this little fecckkker today !!!

If company can extract Oil from the lower Zone also via successful Side track then I see $3m cost pay back in just 3.5 months based on $850k monthly production revenues target. 'Strong Buy' at current price in my opinion.

Think MMs letting their mates close their shorts before they get done in the backside....lol Come on....hurry up. Train leaving soon.

In my view, we should finish BLUE today and build on further tomorrow. Strong Bounce / recovery in play now from extremely OVERSOLD levels.......no brainer. imho

RNS....9 April 2018. "A decision was made to shut the well in until heaters become available, which is currently anticipated to be during the week commencing 9 April 2018. Testing will resume once these have been fitted." .... I would expect Heaters being delivered by end of this week and fitted and Testing to resume on VOBM#5 next week probably, while they get the Rig in for VOBM#1 side-track operation. IMHO.

$6m CASH in bank already PLUS revenues coming in from "Current" Production. Production expected to more than DOUBLE with VOBM#1 SIDETRACK to access the lower zone at $3m cost. Already producing from the Upper zone and connected to Morgan Kinder processing plant. Target production expected to be generating revenues c.$850,000 a month ($10.2m annually). Excludes both: WILCOX and NAVARRO upside (Farm-Out talks underway with seperate parties). IMHO, DYOR.

-62% drops looks way Overdone. Close to 5 year low........totally insane. Some folks took Short positions i think and been playing the funding card ?......ludicrous. Probably closing their shorts today and going Long now......LoL.

Mooncheese, Yes different scenarios can play out. Think it's about making good use of the $6m cash in bank. Production revenues for 6 weeks from 15 Nov - 31 Dec 2017 were $514,000 (average $86,000 per week). Will need to see Production revenues for Q/E 31.3.2018 to ascertain total cash in hand. Recent RNS quoted no funding needed. Company quoted $3m remediation costs for Vobm#1. They have already identified the problem, so can fix it. Easier for company to bring VOBM#1 online in my view and double the revenues. Don't forget PANR now is both: Explorer & Producer. Think once VOBM#1 comes online, company can self-fund 1 well every quarter with $850,000 production revenues monthly. They can then abandon VOBM#6

OldReggieBabe, I sold here back in the 80's....but kept it on my watch list. Don't have a large position here, but a small holding in mid 20's is far too attractive despite the company history that I am fully aware of. Hence current price of 22p and not �2.50 if everything had gone smoothly all along. Creates buying opportunities when you get -60% drop in 2 days. Totally understand the frustrations of many here, but we are where we are. Go to leave the 'Emotion' out when investing. Need to look forward, as that is what the Market uses to Re-rate share price...."Forward potential"....not past mistakes. Market has already punished the share price for some of the issues you highlighted. Yes, the company made quite a few blunders, like very small well choke, Left wells shut-in far too long, Drilling vertical first and then Horizontal in some cases, etc. etc. (1) Morgan Kinder gas processing facility - commenced operation on 15 Nov 2017. Wells VOBM#1, VOBM#H2, VOBM#3 already connected to the plant. First production revenues of US$514,000 already reported for 15 Nov - 31 Dec 2017 period (Source: Interim Results RNS...27 Mar 2018). (2) VOBM#5 - Issue seems to be Frac going in too deep into the water zone, which is now hindering the hydrocarbon extraction. Heaters orders to deal with freezing lines......Heaters arrive this week to resume Testing. Once VOBM#5 issues are resolved and flow tested successfully, this will also get connected to the Morgan Kinder processing facility via new pipeline. (3) VOBM#1 - Main issue seemed; steel casing collapsing in the lower most section. Upper zone achieved successful fracking and already connected to the Morgan Kinder Gas processing facility initially at lower flow rates. During Diagnostic procedures, choke size was increased to 22/64, resulting in rates in excess of 6,800 mcfpd and c.250 bopd on a 22/64th choke; a material improvement. The VOBM#1 well was then shut in to avoid additional blockage and has scheduled a fracture stimulation procedure similar to those successfully performed in the adjacent Double A Wells Field. (Source: Operational Update RNS 9 Feb 2018). (RNS...9 Mar 2018) the frac on the upper section was successful and the well is presently in the post-frac cleanup phase and is producing at an average rate of 4,000 mcf/d of natural gas and 132 bopd with variable quantities of water at a stabilized flowing tubing pressure. Pantheon receives 70% of all revenues from VOBM#1 until payback. (RNS...9 Apr 2018) nearby VOBM#1 well produced during its testing period at over 6000 mcfpd and over 500 bopd without formation water prior to its shut-in and the collapse of the casing in that well... NOTE: this would be Target production rates, PANR would aim to achieve from VOBM#1 Side-track operation, resulting in more than doubling of gross Monthly revenues in addition to potential revenues from VOBM#5 in due course (Excluding both: Wilcox & Navar

wow.....300k Buy....nice should do well here.

RNS......"It is believed that the frac most likely went down a fracture plane into a deeper water source which was not seen on the logs and the water produced is impeding hydrocarbon production."... ..."A decision was made to shut the well in until heaters become available, which is currently anticipated to be during the week commencing 9 April 2018. Testing will resume once these have been fitted."...

Read the RNS and listened to the interview again. Recap:VOBM#1 ISSUE: Collapsed casing in the well, probably caused over the 18 month Shut-in period. TEST PRODUCTION: Prior to the Shut-in period, the well tested successfully for 6000 mcfpd gas and 520 Bopd and NO formation water. REMEDIATION: Re-drill OR Side track. COST: $3M

Typical AIM......Overshoots first on the downside....then consolidates before settling slightly higher. I would expect this to settle anywhere around 32 - 35p range in coming days, unless Wilcox & Navarro FARM-OUT news comes in first. Then all bets are off.