The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Fragrance direct had just launched their own website having given up on a previous third party platform.
Augurs well that over the past 6 months the sales team have convinced the whole to put their trust in ingenuity.
https://retailtechinnovationhub.com/home/2022/4/13/fragrance-direct-relaunches-website-following-maximo-group-acquisition
Marmaris…….Ref SMD Why “vertical” perforation if gas cap was issue last time? Sorry if a dumb question?
If vertical bad move, then is fund raise And a dilution a certainty???
The panr asset hasn’t changed.
Whats changed is confidence.
The leadership at panr cashed in a stack of chips pre xmas and then proceeded to deliver a decidedly coulda, woulda, shoulda campaign for #alkaid2.
Where does that leave us? Well the rationale for the fund raise was that we retained 100% interest.
I am presuming the next step will be dilution via farm out, but it will be done at a much higher price to us holders, than if we had had a smooth #alkaid2
Scot126 you have been incredibly helpful in helping novices understand the asset. I got back in hoping that they would deliver a good campaign despite the selling. Didn’t work out as you can see.
Perhaps if i am lucky i might make my 50p back.
Don’t care about 88e its someone else's problem
You think my precis is miles off??
Thanks…so the cut and short is that panr leadership need to get the right kit and get the flow data asap.
Brian je accuse.
I sold out at 30p years ago in the texas days.
Quitely followed and then bought in again at 15p
Sold last year at 85p and took a nice 400% gain
Got back in the autumn at 80p
Tripled holding yesterday despite the crash.
You can call me a muppet small PI, buts thats my panr playbook so far.
I really want result here
I am concerned with this post, for a few reasons. Industry experts of which i am decidedly not, should be pointing out that whilst the barrel of ngl may generate a proportion of revenue that bopd would…the following also pertain:
1) higher proportion of NGL’s creates commercial uncertainty
2) increases risk, including NGL introducing physical risks to personnel
3) probably impacts resource estimates once fully understood flow rates
Not ramping or de ramping, just wish the comms process could be more rounded especially if you have limited knowledge.
Attributing 45p wholly to shorts is not right. The market is speaking some truth here. Thats the gamble
If they can get rig nailed plus flow rates at 750 bopd i’d be happy with 90p. Any condensates likely superflous unless its 499 oil and 351 condensates mix. I think that has introduced commercial uncertainty and the panr team have pushed the idea they can get 90% of north slope price and this price is at a premium to WTI, to try and mitigate this uncertainty impact
Anyhow what do i know
I surmise the likes of Scot are very disappointed but would be good to hear his thoughts.
Gamble taken so limited effect.
Thank you WITech. So Alkaid #3 could be funded from the farminee subject to the flow rates etc. presume thats another reason to reaffirm proximity to TAPS.
Some additional risk management needed around higher than expected condy levels.
Thanks once again
Its taken this long to get an update.
The update isn’t definitive because they have a materially blocked well. So we await definitive flow rates in Jan - prob Feb 23
7000 barrels get them $350k dollars but probably burn that on shut in and longer coiled unit for Jan
So were left with prospect of more dilution to fund a prospective Alkaid #3 which they claim will be potentially material commercially.
All in am i daft to be disappointed that alkaid #2 isn’t generating 1000+ BOPD and generating funds to drive shareholder return?
Can i clarify something. The expected initial flow characteristics were initial higher oil flow with decline. It was this curve that every one thought was crucial to commerciality. Is that correct
We are delayed because:?? I am just uncertain what we have here. Is it
1) operational plan that has hit snags
2) thousands of barrels of fluid, no reportable oil, but not to worry we have only got through 10% and we need 40% to give full picture?
In others we only have 25% of the picture we need and we are waiting on equipment delivery.
I am not an expert, so please be gentle