Member Info for panman

Https://www.heathcoat.co.uk/market-sectors/

500 employees sounds quite large. They have a website too, seem to be in the right sectors for using dcta's tech imo. Defence, firefighting etc.

Happy to have another partner but agree it would be good to have an idea of the size of market all the same.

From advfn poster wrtmf today. Hope he won't mind me copying and pasting his research like this..

"bid falls below 1p

no operational/sales update since 28dec

mcap £0.95m

100m shares

-these are my numbers, some guesstimates, some from data in the public domain

-the company may not feel obliged to update shareholders, but it is obliged to update a north american authority

--

oil sales income after royalties and taxes:

-20dec $255k for selling 4599 barrels in nov [rns 28/12/23]

-20jan $331k for selling 5970 barrels in dec [ie, 331k = 255k *5970/4599]

-20feb $382k for selling 6902 barrels in jan*

-20mar $409k for selling 7378 barrels in feb*

[total $1377k]

*production numbers filed up to the 26th of the month

the above incomes are not adjusted for fluctuating wti crude price

--

wti crude price

averaged about $75-76/b through the latter part of nov when ct1h really got flowing

averaged about $73/b through jan

averaged about $76/b through feb

averaged about $80/b through mar

--

interesting

$255k/4599 barrels = $55.45/b to ppp after royalties and taxes [dec]

potentially $60/b to ppp in apr

--

ct1h well testing continues 4 dec rns [av 161 bopd, peak 410 bopd, 4827 b in nov]

ct4h workover commenced 8dec2023

dec production [guesstimates]

ct1h 170 bopd - month 5270 over 31 days

ct4h 50 bopd - month 700 over 14 days

total 5970

jan production [public domain]

ct1h 188 bopd - month 5452 over 29 days

ct4h 50 bopd - month 1450 over 29 days

total 6902

feb production [public domain]

ct1h 188 bopd - month 5828 over 31 days

ct4h 50 bopd - month 1550 over 31 days

total 7378

this is my take on the situation, no advice intended

--

footnote - 5 bopd reported for ct3h oct-dec 2023 [public domain]

oct 150 barrels

nov 155

dec 155

shut in since jan

whistling straits 5h was drilled in mar/apr 2023 as sidetrack from the ct3h"

I got the impression from the last few vid's A.W did that $120/T net to BEN wold cover costs if/when they produce a regular 50K short tonnes/month?

Economies of scale and all that.

Had a search around for gipave. It looked to be in the testing phase with several different authorities/places but as you posted no actual orders yet.

Don't disagree actually. End of year for the first award isn't that long and nor is 1st Q next year for the $85M.

Could do with a positive update on Kaz all the same as thought that sounded quite interesting on its own.

Think they're getting a bit more interesting with the arbitration decision times getting closer.

$7.5M to be decided end of this year and $85M first quarter 2025.

Couldn't answer the question of when will the market get interested, guess its got to start believing they can and will win?

I remember when these gave a video interview claiming to be tendering for 50M euro's of Setcar contracts.

Still waiting.. patiently..

There I found something positive to say about the drop back.

What's the marketcap at this level? Know I can "do my own research" but not completely confident I'll get it right with the warrants etc.

Aussie met price has finally come down. Shame they were the standouts..

"Australian HCC metallurgical coal quotations plunged to a 6-month low, below 275 USD/t, following limited demand and growing supply. Unfavorable conditions and downward trend in the Indian steel market persist, negatively affecting coal demand. Additional pressure is exerted by Asian consumers searching for alternative supplies. Low volume of bids for May deliveries implies further price reduction."

https://thecoalhub.com/world-coal-market-brief-overview-116.html

Agreed thanks pappi and good to hear. Can't blame them for opening up the coal plays. India is still 80% coal for electricity generation. If they're neighbours and I suppose trading competitors are doing this how can they afford to "go green" and only use solar etc?

https://energy.economictimes.indiatimes.com/news/coal/opinion-indias-coal-fired-electricity-output-emissions-hit-record-highs/108419401

Beg your pardon its $150M revenue from their bitumen play first yr not $150K. MSMN have been quite fortunate with their choice of partner imo.

There's no problem with funding Fit and there was nothing new to say about the helium play for them after the last update.

Glad you couldn't find any "real" issues. I read them this morning and couldn't find any either. Think GRV between their different plays, esp this one and the bitumen ($150K revenue stream yr 1) are going to be huge.

Can't get over the no's they're talking myself.

From Adams newspiece below..

"Hydrocarbon unit recently told Energy Division that Fulbari holds $83 billion worth of coal and $17 billion worth of other resources"

Its just to big to take in. No wonder traders sold lol

Re greenvale not being able to "raise the funds" they had $3.24M cash in bank and another $1.97 in liquid investments in their last no's (up to 31st Dec) so don't believe funding the seismic and first drill will be too much of an issue for them .

https://www.youtube.com/watch?v=PVPcfJVTvvU

Not so surprising to see the one out all out scenario playing out here imo.

Its quite a gruesome market and peeps need to hold onto gains when made whatever the prospects going forwards.

Thinking from the action last couple of days swings between this 6.8 today and c. 9p while we wait for next news but only really a "guess" looking at how the charts playing out.

As well as being carried 100% for the foreseeable by GVR believe they're due at least $160K for longlead items they bought with placing funds so probably no imo.

Would say the fact they could shell out the $160K from the net proceeds of that £300k placing suggests they're not exactly burning cash elsewhere.

Thats got me beat but I will have a few more on any dips.

Re the recent small placing it seems to have set them up well. Between the $160K they're waiting to be reimbursed by GVR and the .025p warrants they should be set for some time.

Certainly long enough for gvr to announce a spud date late summer.

Not sure about waiting a long time for a return here myself. Already slightly in profit but don't consider they have a real market cap yet so you know...

Anyway listening from 9 mins in GRV expect to be getting permissions by early April, performing seismic straight away so as to be ready to identify a sweet spot to drill by around Aug.

Doesn't seem too long to wait myself and happy to hold as the news flows on permissions, seismics started and then finished and a spud date given.

Think £20M m'cap on seismics finished and spud date given sounds more than fair given its a helium play with world class percentages discovered so far but dyor of course.

https://www.youtube.com/watch?v=PVPcfJVTvvU

Was reading hotcopper boards on this last night and they're getting very positive on this GVR.

They shot up 25% on their bitumen update and the aussie market doesn't seem to doubt the helium play is going to plan either.

Just a headsup as both gvr and msmn are talking such large no's here.