Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Badputin
Let the evidence speak for itself then
https://shorttracker.co.uk/manager/the-mangrove-partners-master-fund-ltd/
Taxi
Oil flow is typically expected before 30% clean up, and well settled by 60%, these test were at 70%.
They were not going to get much better
I am gob smacked the 4 barrels of actual collected oil in the tank over 16 hours, is still being spun as a stable 50 bopd
It could not be more simple, in 16 hours they produced 4 barrels of oil, that is never going to be worth developing
I do not for a moment believe time pressure was the reason the test stopped, if the result was good in the USFS, they would have persisted, even if it meant coming back next year to flow test the SMDB.
Proving just one reservoir viable would have been an outstanding success
Badputin
I am looking at the Mangrove short data, and their last unfortunate increase was on 11/09/2023 where they added 0.1%
You are on the PANR board now, lies are not encouraged
What badputin is very sure of means nothing
The market will address the insanity in valuing a high risk low value 88e barrel, above a PANR going into production barrel soon enough, thats the why of investing in the undervalued share, are you new to investing ?
Even in the unlikely event where no external funding is agreed, PANR is still fine, 50% more shares, 33% dilution would get to self sufficiency in cash flow. Thats how good these 4000 bopd IP 30 wells will be
Taxi
PANR tested each reservoir individually, its the only way to do a reservoir flow test
Run the calculator over that 5o bopd that produced 4 barrels in 67% of a day
Would that be ~2.1 hours maximum at 50 bopd rate, and no other oil flow in the remaining 14 hrs
Down to the average of one quarter barrel per hour, at the 50 bopd rate, which is 7 minutes
By no means a useful number
In either case it is not a legitimate number to use, when production is measured in averages not peaks, it how much oil you have to sell after a days production that counts, noy the lumpy flow that put it there
Badputin
Lets see now, you think
Securing funds to buy production so PANR can exploit its vast, high flow oil resources will drive the share price down
You don't trust PANR management, who write clear RNS's and treat their investors with respect, buy into the company at scale, but do trust 88e, management where only one BOD member owns any shares, plan to gift themselves 10% of the company as performance shares, and write an RNS that is so spun, people still think 4 is 50
Mangrove are looking a bit sick IMO, if they know so much they would have closed at ~10p
Everyone should stay away, Ah I remember getting the same advice at 10p
Adnauseam
Simple explanation, I do good analysis, and help fill the gaps on both shares, the difference is on 88e I have run foul of a cohort of pumpers, that have no plan other than to fleece the less informed.
Yes it takes a lot of posting to keep up with the scoundrels, boy can they pump out some misinformation
Any way doing my best, and guess what 100% on the money re 4 barrels of oil over 16 hours from the SMDB flow test, not 50 bopd as the pumpers are even now claiming can be multiplied up by 12 to predict a horizontal flow rate. In fact generally on the money all over
The average honest investor there had a chance to know this early because people like me can be bothered
Your campaign of insults, character assassination and foul motive attribution has failed, if anything it just hardens my resolve
Stas20, badputin
Simple explanation, I do good analysis, and help fill the gaps on both shares, the difference is on 88e I have run foul of a cohort of pumpers, that have no plan other than to fleece the less informed.
Yes it takes a lot of posting to keep up with the scoundrels, boy can they pump out some misinformation
Any way doing my best, and guess what 100% on the money re 4 barrels of oil over 16 hours from the SMDB flow test, not 50 bopd as the pumpers are even now claiming can be multiplied up by 12 to predict a horizontal flow rate. In fact generally on the money all over
The average honest investor there had a chance to know this early because people like me can be bothered
Your campaign of insults, character assassination and foul motive attribution has failed, if anything it just hardens my resolve
What a load of nonsense Sharebel, stop it, its weird. People are smarter than you treat them as
Stas20 posts here in an attempt to intimidate posters like myself, who are affecting his pump and dump plan
I am sorry that he is here but such is the price of freedom
Taxi
What you do know, is they chose not to flow test it. Take a neutral stance and ask yourself, why wouldn't 88e take the opportunity to prove a flow on their largest independently certified discovery. They know its there, they have all the data to know if it is worth a test
They know how Talitha flowed in the updip 9.3 miles away
Redirons
Give me patience, that article was from a year ago, there was no flow test for PANR to comment on
Now there is a flow test, did you notice PANR are not saying a word
Taxi
That is classic 88e
Yes it is the first time 88e have flowed oil to surface, it in no way means it is a commercial flow
Substantial scale, by whose definition, compared to Longhorn, maybe, but wont fly in Alaska
Second successful flow. jeez 4 barrels, I guess its true the 4 barrels did successfully flow
Given 88e have never flowed oil before, anything is outstanding after 7 complete fails
As with the BFF having volume, is no help if it wont flow at an economic rate
Taxi
It is a classic wool pull
Banditputin1
That is pretty simple, that was a year ago, since then PANR have had a great flow test on the SMDB, 45 BOPD average over 5 days with the hand brake on, and a measured GOR of 3000 to 4000 scf/barrel, with an additional ~30 bbls of NGLs at C5+ and above to add to the 45, say 75 bbls of salable liquids
88e Hickory in the same reservoir but downdip got a best of 4 barrels over the 16 hrs in which oil was produced.
There was hope until the actual test results emerged from the spin, with the 50 bopd peak now revealed as a total of only 4 barrels produced
Taxi
That searching for a partner is a piece of fluff, anyone can say that and still claim it is true, even if you know there will be no realistic chance of securing a partner
Look over the fence, they have the real deal in assets, order of magnitude better, but chose to go alone, as we all know a partner that does not adequately value you, is liability
Treeshake, MMs, shorters, burnt investors, what manner of misinformation will you try next
The answer is simple, the flow rates were poor, they needed top tier flow rates, the gilding the lily has not worked
The market is adjusting
Skippy
They are very reluctant to move on from failure, still holding candles for Merlin, Charlie, Umiat
Barno
That was a year ago
Since then PANR have had a great flow test result, and 88e just had this bad one
SMDB 4 barrels in 16 hrs
USFS 19 barrels in the best 10.5 hours they could find
Both tests stopped before sustainable flows could be stated, I have to think that is a bad thing. Otherwise they would have flowed for longer
Who was the genius that calculated this £20 to £40 million a year
With such low flows and a $17m drill and complete cost, it just will not happen