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In all the confusion of the Alkaid 2 results, and short attacks, the essential message has been lost it appears

Pre drilling Alk 2, success was defined as 150bpd of oil per 1000ft of horizontal, the result was 101 bpd of saleable hydrocarbon liquids valued at 90% of the ANS pricing, so effectively 101 x .9 = 91 bpd of oil

This is the real result, further to that PANR have analyzed the fracture data and know it was only 20% effective, and 40% is an easily achieved target with a refined fracture design.

So simply doubling the fracture efficiency will give a result of 182 bpd of oil equivalence per 1000ft of horizontal, significantly higher than the original success target

LOL

No offence intended, it is a generic comment, that covers this and other occurrences

The background is a number of posters, in particular the disgraced Louis10, have been quoting your posts and support of PRD as mine

Just to point out OlderandWiser and Olderwiser are unrelated and entirely separate posters, as it is causing some confusion on other boards

Louis10

Not to let facts get in the way of a good deramp, you need to be more thorough

I have never held shares, nor posted on PRD

Sometimes imposters attempt to use my credibility with a look alike name

Interesting that you have descended into insult, after being proven a liar so often

Louis10

Progress is so slow with you, but good to see you have abandoned defending the previous deceit, and move on to a new line of attack.

"It's only valued if its commercial"

Fortunately this has already been addressed by Rabito79 in an excellent earlier post, showing that people with serious professional reputation, corporate accountability and in possession of the full facts, are convinced it is commercial.

Copied in full for your convenience below

"Below is what David said regards commerciality in the last webinar.

At at round the 51minute mark regards commercially Hobbs states:

'Why we have great confidence in the commerciality, is that we are well within the envelope of commerciality if we simply achieve half of the efficiencies that other basins are with the multi stage horizontal fraccing.'

This is supplemented by other comments in the webinar such as:

'Comfortably commercial'

'Comfortably exceed the economic freshhold'

I struggle to see how one can take marginal from that. Jim's former dealings with Erik Opstad explain his involvement in previous 88e pump and dumps despite accusing others of the same. You seem to know him really well.

I would imagine Jim would probably have a lot more subs if he came across as a genuine guy, opposed to accusing/insinuating others of fraud with no evidence. This weeks blog is likely related to the stock he has taken from PRD holders. I note you think he is one of the reasons the share price is where it is, some would call that a pump and dump."

Good work Louis, so you now admit there is recoverable oil, as opposed to your starting position "no recoverable oil"

Louis10

I see

Glossed over the 7000 barrels of oil, you described as " no recoverable oil"

Louis10 18:05

Another deception

"Doesn't matter how much of an expert he is if there's no recoverable oil."

You missed the 7000 barrels sold in the flow testing of Alkaid 2, as would be expected of a poster whose only purpose is to discredit PANRs very bright prospects

PANRs discoveries are a prize of significance to the State of Alaska, and arguably the USA. So it is no surprise every dirty trick in the book is employed to gain control of its assets. Expect more as the maneuvering for control develops

As Wood Mackenzie stated Theta West the largest onshore discovery of 2022. Wood Mac have no stake in PANRs success, they just report their independent assessments, the whole report can be accessed for around $3000, so one can assume it is not a lightweight, like Oilman Jim's blog

Louis10

It is black and white, your deception has been exposed again.

You simply make things up to assist your attack on PANR

Louis10

Yes I did exactly that and nowhere can" they might pump it post CPR release" be found.

Your quote was pure deception

Louis10 12:50

As pointed out correctly in my post

So much misinformation in just 1 post

“Jim said in his blog a few weeks ago that he thought they might pump it post CPR release, but I'm not too sure.”

You have now proven again with the links provided in your posts, that Oilman Jim did not say "he thought they might pump it post CPR release"

By repeating this you have now graduated from deceptive to outright dishonesty, shame on you reaffirming a stance you know to be untrue.

In the worlds eye that proves you a to be a liar

Louis10 2/7/23 21:51

So much misinformation in just 1 post

“Jim said in his blog a few weeks ago that he thought they might pump it post CPR release, but I'm not too sure.”

Granted Jim is hopeless, but this what he actually wrote

“All this undoubtedly will be grossly misrepresented by the characters touting the stock, but it’s likely that there may be a significant promotion coming up here. “

FYI, ALL THIS, is the sum of all planned and announced activities, IERs, flow test SMD, and no reference to pre or post CPR

So by the time you allow for, likely, may be and no time frame or specific event, it is meaningless

“Hobbs appears to have been brought in as a cleaner to let everyone down gently and wind the thing up gradually over the next few years so no one gets into trouble.”

Really, how on earth do you get there. It is more like.

Hobbs, Beilman, and Hosford Scheirer have been brought in to strengthen the team guiding the transition from explorer to producer/ asset sale, now that the commerciality of the assets has been demonstrated. With an end goal of delivering, sustainable market recognition of a value of $5 – $10 per barrel of 1C recoverable resources

Louis10

"But no other companies were interested in entering into a JV with PANR, were they."

Again you are posting an opinion, not a fact

PANR will rightly not pursue negotiations, towards a deal that would undervalue their assets. Shareholders tend to like companies that seek to achieve good value.

The journey of discovery is complete, the risks taken and we now have the oil, now it is down to the lower risk steps of development.

Attend the next few webinars and even you will see how it works

The people with the data know it, your statement " No one in the industry is interested." is entirely dishonest

Louis10

What part of wildly economic is confusing you

With the first of the Netherland and Sewell reports on Theta West upcoming. It is a worthwhile compare, to view the underlying ethical standards of the company (NSAI).

Then consider why PANR would engage such a company to view and test their data suite, for an independent appraisal of commerciality.

A few excerpts to write the short version, although I would highly recommend exploring the full website

hTTps://netherlandsewell.com/story/

Chosen by more companies for their SEC reserves reporting than any other petroleum consulting firm

Clarence Netherland

One of Clarence’s favorite sayings was “Methods are many, principles are few. Methods change often, but principles never do.” Throughout his career spanning many decades in the oil and gas industry, he held firm to the principle that we would never compromise on integrity, and that we would always strive to provide the best product at a fair price while providing trusted results and exceptional service.

Fred Sewell

Fred was instrumental in developing the firm’s business model, the concept of teamwork and integration, and the “core values” that permeate the company today. His emphasis on reputation and respect served both our clients and our employees well.

Our clients know there is a difference in consulting firms. And those in the financial community know that a Netherland Sewell report means unquestionable quality and reliability.”

– Scott Rees, Executive Chairman

Louis10 23:52

You are spouting nonsense again, not a thing to back up the statement, what we do know is industry must be convinced the assets cannot be secured for a massive discount.

The plan is in place, happy to see it progressing along the journey to the targeted $5 to $10/ barrel

Common sense would suggest "press" is a typo/spellcheck/predictive text or just plain human error mistake, and should read RNS. As the NSAI report meets the bar as price sensitive, so must come out via RNS

They say the thing about common sense is how uncommon it is

Louis10

Yes we all see you have given ambiguous answers, thereby ensuring the ability to swing to either side, and still claim to be correct.

You did have the opportunity, to give a yes or no, but chose to remain deceptive, as is your style