Member Info for Olderwiser

Yeah right

Are you asking me to take your word on it

A pump and dump exponent of ill repute

Stas20

That was a whole lot of nothing but personal attack, but there two specifics to address

"Olderwiser has been shown to relay false information on several occasions, notably how when the photo of the gas flare appeared, posted by a respectable member of another forum, olderwiser automatically dismissed it as fake with zero evidence. Olderwiser was also attempting to convince everyone that the upper SFS was a complete duster because of how some RNS's were worded.. If that is not disruptive, abrasive and ultimately WRONG, then what is? "

Re flare

I was suspicious of the flare picture, so stated it LOOKED fake, I then gave a reason, that being the large sandhoppers were strangely missing, when compared to other pictures of the site, taken by the poster that had been maintaining coverage.

Even now it is debatable. it was a new poster that put up the picture, all of the other pictures, released by 88e of the actual flare also clearly showed the sand hoppers in place. Making it a remarkable co incidence that this one random posters picture, captured in the 14 hours of potential flaring, did not display the sand hoppers, while all the others did

It that proves to be an error, it was a reasonable one

Reading and interpreting 88e's earlier RNS , to the results RNS, as indicating the USFS result was likely to be weak, has in fact turned out to be an accurate prediction. It is highly gassed and the test was cut short after a calculated oil cut period of only 14 hrs in which it produced 24.8 barrels of oil, but never got to a announceable sustainable flow to report

Resolution 4 seeks Shareholder approval to establish and maintain an employee

incentive performance rights plan (Plan) to provide ongoing incentives to

Directors, executives and employees of the Company and for the issue of up to a

maximum of 2,472,542,056 Performance Rights (10% of the existing Shares issued

by the Company) under the Plan in accordance with Listing Rule 7.2 (Exception

13(b)).

Ad hominem (Latin for 'to the person'), short for argumentum ad hominem, refers to several types of arguments that are fallacious. Typically this term refers to a rhetorical strategy where the speaker attacks the character, motive, or some other attribute of the person making an argument rather than attacking the substance of the argument itself. This avoids genuine debate by creating a personal attack as a diversion

This is what the pump brigade have ramped up the intensity of, then ask yourself why

Genuine debate is stifled, such as below

Both flow tests from a rational POV have been disappointing, the market has reacted accordingly, despite an exceptional job in polishing the turd by 88e

The duration of the oil cut phase in both tests, failed to reach a point of sustainable flow, before being prematurely terminated

14 to 16 hrs of oil cut is still in an unstable mode where the flow of hydrocarbons is influenced by the initial fracturing, where on each fracture plain, rock has literally been split, so releasing the contents of each split pore. This will flow to surface as the injected water used to fracture the rock returns, it is not representative of a flow from the rock matrix itself.

That comes later as the rock itself allows its contents to very pass through it highly resistive structure, then it becomes a sustainable flow, the object of every flow test. 88e would shout sustained flow from the roof tops had it been achieved, and the numbers looked good. The market would have recognized it

Those that use the initial disturbed flow period to assess future sustainable flows, are going to be disappointed

That said even in this unstable flow period the results were poor, 4 barrels in 16 hours is never going to be commercial

The USFS has a better, but still poor flow rate, but also a very high co production of gas, that will be a long term problem

It turns out to have been a very poor choice by 88e to rush these tests and finish with insufficient flow test time in the critical phase of oil cut to reach a sustained flow, (The season was long enough, they were late to start)

Now they go into their next capital raise with an incomplete result, investors will be asked for funds, on 24.8 plus 4 barrels of oil production, and spun up numbers like the 70 bopd, based on a 30 minute surge of 1.55 bbls, and an equally spun, unspecified time period, 50 bopd flow rate from the SMDB, from it total 16 hrs production, in which 4 barrels are produced

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