Member Info for Olderwiser

If you told anyone that, they would know it is B/S ,from a pump and dump shyster trying to offload his mistake

Cat woman you are just plain old wrong, yes the word is" pumped," but "will be" in front of it means it has not happened yet

Cat woman, It does not say pumped past tense, he said "which will be pumped" it is a future event

Granted it is a bit mumbled, but with another listen and knowing what is said, it gets clearer, try it

Frogs in a pot are getting sleepy now

Ok here I am

With the question of the day, then signing off for my RnR

The ramp brigade studiously ignored the one result you have, copied below "xxx", it is the one guide you have to a potential shrinkage rate, between pre drill estimates and post drill estimates, and shows 78% less

So the question is why do you think the other reservoirs will be so different

"NSAI’s maiden Independent Contingent Resource Report was completed after its review of an extensive

data suite that included seismic data, well logs from Hickory-1 and Icewine-1 and certain data from wells

in adjacent acreage including flow test data. NSAI is a leading independent US-based expert petroleum

asset evaluation firm with significant and recent experience in providing resource estimates globally, as

well as more specifically in Alaska"

Neversatisfied 10:52

A fundamental shift occurred with the sad passing of Paul Basinski, the company has never recovered its compass

Yes I do enjoy a life of freedom

Gemstar 10:14

The flow rate is dependent on the reservoir deliverability, and the size and efficiency of the fracture and drawdown D P. PANR used 11000 barrels of slick water and 400000 lbs of frack sand in the Alkaid 2 SMDB vertical flow test. They achieve 50% frack efficiency , 88e will need to report these to know how good the reported flow rate actually is, currently they have not given the frack plan inputs of slick water or sand

Musk 10:01

You have gotten it wrong, as the price goes up, which it is, the amount of shares issued to pay off debt reduces, and then there is only quarterly repayment, so not such a problem as the shorts paint it as.

Only becomes a drain if the share price goes too low, but with every thing falling into place and a vast discovered, flow tested resource, progressing into production, I see only unicorns and rainbows

Shareguru 09:28

Don't be too envious now, PANRs ability to pay off US2,744,000 of debt by issuing 8.8m shares is not to be sniffed at.

How much debt would 88e service for the same number, I make it US $36,080 at yesterdays price, before todays dip

Big bear2

Flow testing has to go from the bottom up, it is impractical to go back down well after it has been plugged.

So the upper SFS goes first, followed by the shallower SMDB

At the up dip Talitha well, which is the closest to Hickory at 9.3 miles away, in the SMDB PANR got no established flow, as they had some form of blockage.

Considerably further North in the Alkaid 2 location, the SMDB had a successful vertical flow test, which while restricted on flow produced 50 to 140bpd of combined oil and NGLs/condensate, again well up dip, where the reservoir is less compacted by burial depth

Big bear2 08:49

88e are playing their best cards first, because if they don't deliver, flow testing the poorer ones would be a waste of resources

Should I address you as Gemstar, which do you prefer

Shareguru and the art of projection, LOL

Now that is useful information, well done

That's the way, head in the sand and hope, follow the pump and dump crew, they will surely be honest

Musk you are under estimating the risk and over estimating the reward IMO

The flow rate may not be high enough, and who here knows how high it needs to be, as the key detail has been left out of the RNS so far.

How big is the stimulation, PANR used 11000 barrels of frack water, 88e do not say, the amount of exposed reservoir and it quality determines the flow. ATM investors are blind to the sizing, so have not frame of reference for the results

Then the quantity of recoverable oil is estimated on a 2022 estimate by LKA, based on a third parties interpretation, all of which is now in question, as the actual know result on the BFF reservoir is 78% smaller than pre drill estimates

Do you not think there might be some slippage in the SFS and SMDB as well

A discovery does not make it commercial, that what this flow test is a step towards, and if the flow is OK, they still need to do a long term flow test next season in a new location. You cannot rely on the neighbors well data from 9 miles away

Then problem number two, that reservoir that got the discovery tag, came way under size, only 85m barrels of recoverable liquids and 57m of that is NGLs. The estimate was 341m of pure oil, it was a big disappointment, 88e are not even flow testing it

Torino, you are talking nonsense, there is none of that there. At worst he is considered honest to his own detriment

The other side of this is when you see so many pumpers arrive, you know if you follow, they will take your money, then call you a fool

What manner of deception are you plying now Musk, you know I am not invested here. You asked, I answered

I have to call your post at 20:49 for what it is, dishonest

Not letting honesty get in the way of your pumping are you

16/3/24 @ 09:27 Musk15 posts

Olderwiser? Quick question, are you invested here? Simple yes or no answer would suffice?

My reply @ 09:32

Not invested, I regard it as a very poor investment today