Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
"Managing Director, Dave Wall, commented: "The endorsement of the project by ELKO as we enter the critical phase of the drilling is encouraging and will serve to fund the Company's share of the recently announced cost overruns."
Apologies if my message came across as trying to "woo" folk to PANR. Defo not the intention and no benefit for me in doing so, I was merely trying to provide a means to put a value on potential market cap for 88e and relaying my own thought process.
I shan't debate the finer details of your post Ddraig - each to their own and I respect your opinion, and I agree I'm a tad more bullish.
Good luck.
I wouldn't be so quick to write-off PANR as an analogue. Nor do I believe we have "far far more oil" in our acreage.
On Alkid and Talitha alone they are looking at 4bn barrels OIP and 939m barrels recoverable with lots of "TBDs" in place for zones they are currently testing with Talitha A.
The Kuparuk zone (1/5 just drilled) has "350-500 million barrels of recoverable oil at an estimated NPV10 of over $10/bbl" - which is very relevant for us as it runs under our acreage. Who knows by how much - but even 50m at NPV $10 would be significant for us - that's a $500m NPV.
So I actually think it's a good analogue for valuation, even if taking into account they are derisked vs. 88e given the success of Alkaid and the current Talitha drill.
I respectfully agree :-)
I'm sat here crunching numbers - trying to use logic and sense to figure out strategy for next week. But as you say - logic is out the window a bit.
It's a good problem to have I can't help but feel - but as Guzzler pointed out, if results aren't good it will be an almighty crash as the same sentiment and frenzy that helped us up will do the same on the way back down. Bigger reward, bigger risk.
Next week is going to be a test emotionally, greed will no doubt kick in if we see the share price climb re-results. Having had 75% of my investment disappear this time last year on Charlie-1 result, the question I am no asking myself is what level of risk do I want to carry into the results.
If the well is a duster, I fully intend to take advantage of the drop as well as I still believe in the other opportunities we have.
Possibly oversharing, apologies if too much.
Good luck.
Numbers look mathematically accurate to me and logic makes sense.
My personal target on success is 2-2.5p which would put a market cap of £243-304m.
Rationale: PANR currently at £212m with Alkaid discovery and Talitha drill about to flow test although PANR seems slightly below the radar vs 88e. Historically £250m is the highest 88e have been after IW1, and if you now sprinkle on some of the US interest 2-2.5p feels achievable. The wild card here is the US - could drive it higher. I think 4p is the highest we've been and not out of the question, but that would put a valuation of £486m on us. Feels toppy if I look at PANR.
Not super scientific I know.
Spot on Draig,
The analysis and commentary is largely drivel, but if there’s even the slightest oil show I think the US will mindlessly propel us.
We are due to hit TD between 20th and 22nd so eyes on ASX on Sunday night (22nd in oz)
The US interest has never been here.
This is a new phenomenon and possibly will drive the price higher on success as there seems to be frenzied social media activity and some decent volume on the OTC.
I expect news on Sunday night on ASX saying we’re now drilling to TD, be interesting to see what that does to sentiment and activity. I suspect it will fuel further social media activity and create FOMO.
So here we stand, on the precipice once again.
Next week we should hear about Merlin result and Pantheon flow result. A big week for all of us here.
Some have been here for years and experienced the lows of each drill since IW1, some bought in today.
Very good luck to you all, on success the American interest here may have created the perfect storm.
On failure, then quite possibly the imperfect storm.
Whatever the outcome, I hope you all have your strategies ready to execute.
Fingers, toes and whatever else I can find are crossed.
Good fortunes!1
https://www.agnicoeagle.com/English/operations/operations/laronde/default.aspx
Worth a look. Declared as a geological analogue on the call last night.
The 7,000-tonnes/day LaRonde mine and processing complex has produced over 6 million ounces of gold as well as valuable by-products. The mine still has 2.9 million ounces of gold in proven and probable mineral reserves (15 million tonnes grading 6.02 grams of gold per tonne) as of December 31, 2019.
Spot on George - it's a horde of speculators in 88e - I started pointing them to PANR on twitter and on Stocktwits.
Good news is that 88e will distribute the PANR news for us as well, so hopefully they'll pick-up the scent.
Followed you back this morning GG
Will do GG
88e 63% up in oz to 1p equivalent
Good for us asx issued a price and volume enquiry and 88e thankfully responded and noted Pantheon’s drill. Should hopefully raise profile.
“ The Company also notes that there is a high impact well, Talitha-A, that is currently being tested on acreage adjacent to its Project Icewine, located on the Central North Slope of Alaska.”