Member Info for Olderwiser

Ask your self this Dreadman, would you prefer to have known how bad these results really are, before the market woke up too it, or after

Weigh that in your mind a little before asking to fly only with a flock, that only paint rosy pictures to induce buying of their shares, at artificially high hype pricing

No putin, you cannot deny there has been no increase in the Mangrove short since September 2023, which makes you a bare faced liar, as quoted

Weasel words wont change any of that

As to the other point, if 88e is so highly valued, why is the market cap so low

Could it be the small amount of questionable resource, amazing though it is that on a per barrel basis, the hype value still sticks, after all these disappointments

Marlbs

Positively differentiating is IMO pure spin, read it differently, positively as in certainly differentiating

As the exceptionally high gas rates is a negative, and that is what drives the natural flow. Apart from the production costs it generates, a high gas rate means there is less oil in the rock pores, as gas occupies space at these levels, unlikely to be all associated gas that exsolves from oil at High GORs

Marlbs

No it is the same if not more, the fractures are still needed at the same scale, but the very high gas rates that give the natural lift are a problem. This gas must be reinjected, PANR have budgeted 1 reinjection well for every 3 producers, based on the Alkaid 2 ZOI reservoir

FYI where natural flow occurred for more than 2 months, not the few days of the USFS.

The measured GOR there was in the range of 12k to 14k/barrel, much lower than the USFSwhere on the available numbers it showed 58k/barrel. on its very short flow period, so take that number with caution. Eventually 88e will have to fessup on that post PVT analysis

If it finishes up at 1 to 1 GOR of 36k/barrel, that adds $15m to every production well

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