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This is all too strange. I have no clue. Just mulling through my mind what the next RNS might be. My guesstimates for fun, no fact basis and guesses plucked head top thereof
30% probability TR1 16.99%
40% farm out
20% cash call
5% full cash offer for the company
5% 50/50 joint venture and conversion of panr shares to said Joint venture with part cash / part equity offer to holders
Okay i hear the Chorus of ...... you been watching to much disney pander.....but to rule out stuff is realistically the fund raise or the farm Out.....the only two games in town?? Any other dreams i could share with mrs pander tonight apart from a wet one?
I thought I got this wrong. I got in at 14.5p and then sort of gulped when it went to 7p not long after.
Its now 82p and i have held, bought no more but sold none either.
On the other board people are talking about company sale potential in medium term. Rationally this is a nearly a 5 bagger, so I should sell....thoughts? Near term some dilution is coming is my guess based on what we have been told.!!!
Mmmmmhhhh!!
Well so much for that theory in this case. Note the neighbours are down today, so thought they might have upticked due good news here given various commentary over recent months.
Anyhow they are clearly mulling the options re theta west vs more immediate revenue generation
Hold on.....
Either way we are getting diluted.
Secondly 20c or $3 is function of of confidence that the team can get this out the ground. The team needs a major operational success.
I still have faith. I will be buyin if i get the chance on the fund raise. December was a 12% dilute if i recall so i expect may be 24p offer.
Why not get this done now and forget about farm in. Any thoughts on this approach??
I think it is simple. The argument with the December fund raise was we won’t dilute you too much and in any case Q1 2021 promises to be astonishing.
Well it wasn’t. It wasn’t a total disaster either.
I really really thought this one would be a 10 bagger, but panr have to show they can crack the code at least somewhere some place. The market has seen too much of unexpected pressure here, strange formation this, incorrect rock there, oil wet down there.
Sentiment as well as risk of further dilution hang heavy but what bugs me is the 28p trigger clause on the options. That was a clever move by the execs, they got a payday whatever
Just checking if anyone help can me piece this together.
Kuparak flowed light oil with 41.3 API, this was on the webinar. flowing with above 40 API, tend Be characterised by lowered RI (refractive index), which in turn can indicate higher Asphaltene stability.
Adding 2+2 (trying not to get 345457)
Has the following got any merit
PANR don’t realise Kuparak was oil wet till last Thursday
Now they and the confirm oil API is above 40, they can be More confident its Asphaletene Stable and easier (much easier?) to avoid Asphalatene Flocculation.
I read 88e update, and figured they were saying
A) based on Panr we can reassess our adjacent acreage
B) our well / Drill strategy can be based on Kuparak Being Oil Wet
C) we can use the API info to prevent Asphaltene Flocculation and thus increase flowrates and recoverability rates.
Any experts able to comment. I just read a number of research papers showing correlations between gravity, acidity and Asphaltene stability in wells.
Might be very positive take on the Panr Kuparak findings, for 88e also
Have I misunderstood???
Thanks for the balanced and thoughtful reply, scot126.
The game is risk based as we all know. Whatever appetite / method you use, measured commentary always helps.
. I assume they need $15m to do Theta.
If numbers on Theta stack up, why not offer discounted fund raise to Private Investors and others, rather than farmout. Third time lucky panr Hopefully
They said Texas was world class. The numbers were large.
.
I haven’t seen this question answered, but may someone can help.
Theta West. They had the data, but kept it quite re the auction so they didn’t undermine themselves. Thats fine. But why not go for Theta West as the first drill.
The argument on the webinar seems to have been that Kuparak was just too much to ignore. Fine but then no one knew that this great data was available ref Theta
Apart from this, why did they not make a great case for Theta instead of Kuparak. Bearing in mind i am playing Monday morning quarterback as they say in Austin.
Thanks
My view is that Tuesday is About limiting any negative perception if whats happened and maximising the future potential. The Eseis guys are being brought in essentially to say keep the faith, just another season (and 500 other unknowns) and nirvana might be possible. Doesn’t it look like that??
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