Member Info for neil9327

It can absolutely be denied.

Technical analysis doesn't work these days, and anyone who claims it does is a charlatan.

A quick google tells me that Petrotal "2P reserves" rose "from 96.7mmbbl to 100.2mmbbl" in 2023.

Pantheon reserves, once they are certified as such from their current status of "resources", are over twenty times higher than this.

So Louis you are now trying to back-peddle and claim you never said those lies.

Management estimates are that our assets have 2 billion barrels of oil as recoverable, and I would imagine the NS report will be in line with this.

The interest on the convertible is hardly "massive". What is it - around 12% per year on around £50 million?. That is the equivalent of 6% on £100 million (our market cap). So we get diluted by 6% per year. Which is 33% over 5 years. That is nothing. It means that if our share price goes up by 50 times in the next 5 years, which management are estimating should be the case if it all goes to plan, then this dilution reduces the gain to around 35 times.

With hundreds of millions of dollars already invested into the company, including multiple million dollar drills, and 300 million spent on 3D seismic, investors clearly think this is a multi-billion dollar project.

Once we have the CPR from NSAI I think that any institutional investors who might have been holding back on investing in us due to wanting independent confirmation of the quality of our assets, might well now start to buy in, to try to take us out on the cheap. So if our share price starts rising when these reports are released, this might be the reason.

"anyone who has seen the data would have had to sign confidentiality agreements which would have had clauses preventing a bid".

I hadn't thought of this. Is this likely to be true though?

Thanks for your reply.

If industry knows the "true value" of what we have (by which I presume you mean the $3.10 analog), then why haven't they launched or tried to launch a takeover bid for us at these low prices? Could the fact that they haven't mean that actually they genuinely don't think our assets are worth much above our current market cap?

And if they don't think our assets are worth as much, then why should us shareholders?

Peakybrum but at what price are you proposing to "sell on"? I thought the problem is that the size of the offers we are getting at the moment for the assets is an "order of magnitude" lower than their true worth? Would a Theta West flow test change this?

I guess you're right.

I'm pretty certain now that Louis10 is an AI bot, so is not amenable to seeing reason.

Dealing with his lies is like playing whack-a-mole. You squash one, and he repeats a new version of a previous one you've squashed.

I'll refrain from further engagement with it.

I think today's presentation RNS announcement gets to the core of the problem that has caused our share price to under-reflect the value of the business. It is that the market cannot yet feel that investors' view of our value is sustainable.

If we are able to deliver this level of confidence, through much improved shareholder communications and the support of the trusted Netherland Sewell reports, then investors will feel they can deploy their capital with less of the risk of declines resulting from the inaccurate contrary narratives that have created this undervaluation in recent months.

Could Louis10 be an AI bot? As artificial Intelligence has come a long way in recent years - and I am detecting an absence of natural intelligence from that account.

Who cares? He's quite incapable of telling the truth about anything.

Haw Haw Haw Louis

No they weren't, and the statistics on the matter show you are mistaken Louis. It will be you who will be "Had" if you continue to follow their "advice".

I'd stick to index funds if I were you.

Oh, "THE" market experts eh? Those who are always right in Louis land until Louis land turns into LaLa land.

Again that's nonsense Louis. "Market experts", as you call them, underperform the stock market compared to just buying the index. as can be seen from the performance of active funds vs passive funds. Those shorting PANR were, and are, taking a big risk of very substantial losses.

You are saying that BP has 17 billion barrels of oil? If we multiply this by $3.10 per barrel this makes $52 billion market cap.

PANR has estimated 2 billion barrels, which multiplied by $3.10 gives $6 billion - which is not far off the 10 billion figure you mentioned. Are you suggesting this is la la land?

No they pay you to get selling for them to buy into.