Member Info for Proselenes

https://seekingalpha.com/article/4388008-winter-is-coming-alaska-crossroad

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The thing with PRD is the market cap is so low.............. just over 8m market cap now. If this goes along with like 88E, BPC, AAOG, CHAR etc... in then past which went to 50m to 100m market cap ahead of their drill........well you can see, PRD should be going up 300% to 600% in the coming 6 months........... a share price of around 15p to 25p range on spud would be a very low market cap compared to what other companies have been.

Loads of upside on PRD, thats for sure.............just buy, be patient.......wait...............patience will be rewarded.

BOR has basically no money. They are just burning cash and will go bankrupt. They have money only to pay wages and overheads. Nobody is interested in their finds. Look at RKH, how many years to try to get their significant finds into production and still....all held up. There is no appetite for RKH, let alone a strandard find like BOR have. Everyone around will just wait for BOR to go bankrupt and then make a lowball offer to take them over.

You would have to be mad to buy BOR.........yes some will put in 100 pounds or 500 pounds and ramp it like mad to try to make 50 pounds or 200 pounds profit and then run away............but thats all it will be.

You would have to be a real mug to get sucked into buying BOR.......

More coverage for PRD in S&P Global.

https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/111020-new-blow-for-us-lng-in-europe-as-irish-court-quashes-shannon-lng-consents

........A third Irish LNG import terminal has also been proposed by UK-listed Predator Oil & Gas, which has specifically said it would not be used to import LNG produced from US shale gas.

Predator has said its planned FSRU in southern Ireland would target LNG imports using gas feedstock from a "transparent origin that is not dependent on fracking operations related to shale gas exploitation."

In September, Predator said it had completed its timeline for commissioning the FSRU, with first gas deliveries from the project expected in the first half of 2024.

It has said in the past the FSRU would have a technical capacity of around 40% of the planned InfraStrata FSRU project in northwest England, implyling a technical capacity of the Irish FSRU of 2 million-2.4 million mt/year (2.8-3.3 Bcm/year)........

Confirmation that Morocco's mass vaccination program starts in a few weeks. They are using the Sinopharm one (an old and proven tech inactivated virus type, not this new RNA crap - and do note......the Sinopharm one has been given to over 100,000 people with a 100% efficacy result - compared to Pfizer RNA type given to less people and with only a 90% efficacy result)

https://middle-east-online.com/en/morocco-king-orders-massive-anti-covid-19-vaccination-op-coming-weeks

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Initiation research note from W H Ireland out today:

“Pantheon Resources (PANR) – Corporate – Initiating Coverage

The Alaskan assets of Pantheon Resources are onshore conventional assets with the size of large-scale offshore assets. To our knowledge, the Talitha appraisal well planned for Q1 2021 will be the most exciting well drilled globally in 2021. It is expected to confirm 643 million barrels of recoverable resources from the sweet spots of two independent targets; the resource estimate of a third stacked target has yet to be defined. We believe that near-term drilling plans represent the culmination of a decade of work and over $250 million of investment.

In our opinion, the company has the best appraisal-stage Alaskan assets on the farmout market by a wide margin because of their i) scale ii) proximity to the Dalton Highway and the Trans Alaska Pipeline System iii) 3D seismic definition and iv) well penetrations, and in the case of Greater Alkaid successful short-term production testing. This is critical in a context where appraisal and developmental capital is scarce.

WHI View: We believe Pantheon Resources is on a multi-year, catalyst-rich growth trajectory, which we expect will unlock the latent value of its discovered oil assets. We see fair value for Pantheon at 75p.”

Its worth looking at this earlier May 2020 article again.

The valuation given was 1.65 CAD for existing discoveries and status........then it shows the add on value for Chinook and Casca Deep.

If we take the view that Chinook (to yet be proven) is 250 BCF, then the current valuation should be 3.75 CAD (219 pence).

And if Casca Deep comes in.....up to another 250 BCF adds on to make 5.85 CAD (341 pence).

However........ Chinook is said to be "better than expected".........and Casca Deep now has 2 additional target zones........

So those numbers in the article below, maybe significantly too small...... ;)

https://www.hydracapital.ca/2020/05/11/fun-with-touchstone-numbers/

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Yet another.........

Good news...Shannon blocked which leaves PRD with their offshore and non-fracked gas.......as THE viable option for Ireland which is acceptable to the Greens.

https://www.independent.ie/news/permission-for-natural-gas-terminal-in-shannon-quashed-by-high-court-after-eu-ruling-39724819.html

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KMP has ok'd the sharing of the post he made on Facebook. He believes Ortoire could yield up to 9 TCF of gas for TXP.

................From Facebook and by one of XM’s mentors who was a bigwig in the Trinidad state oil companies.

Comment from Krishna Mohan Persad today:

“The Natural Gas Audit done by Ryder Scott to end December 2019 has warned that more natural needs to be found if we are not to run into supply issues going forward from 2023 and urged more deep water drilling.
While I agree that deep water is the area where the bulk of our natural gas will be found I want to point to the Ortoire Basin where Touchstone has already found nearly one TCF of gas and the expectation is for lots more..up to 9 TCF perhaps. And the beauty about this, is that it is onshore and not too deep.
This good form a good stop-gap in the interim until the deep water gas already found is brought to market and new finds are made.”

https://www.facebook.com/krishnamohan.persad/posts/812892602877035

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Exactly Zebra. They need gas. Gas is going to be the transition energy for the next 30 years. As you say, they will kick it around and play politics but the PRD proposal is acceptable to the Greens as it uses non-fracked gas.

The link in 16:06 works...........same link just through tinyurl as LSE does not like Directors Talk links.

Transcript of the recent interview with PB

https://tinyurl.com/y4fmtmo4

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Transcript of the recent interview with PB

https://www.***************************/touchstone-exploration-qa-very,-very-busy-news-flow-over-the-next-90-days-lontxp/412935676

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Seems the Greens support the PRD project..........

https://www.agriland.ie/farming-news/green-party-failure-to-support-climate-action-amendment-raises-alarm-bells/

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New DGOC research note, target price raised to 160p.

http://www.more-ir.de/d/21809.pdf

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New Arden note (PDF file) on PANR is in the below download link, if anyone wants to have a read.

https://ufile.io/l50oeyrp

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Morocco should complete vaccination of everyone by Feb/Mar 2021.

https://themaghrebtimes.com/chinese-vaccine-soon-to-be-made-available-to-morocco/

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https://www.adn.com/politics/2020/11/03/alaska-oil-tax-increase-ballot-measure-losing-in-early-results-though-fate-may-not-be-known-for-days/

Three Hereira sheets.

1st is the same as the discovery at Cascadura. This is appraisal. All being well the Casca numbers will be firmed up, expanded perhaps.

2nd is the primary target of the initial well, that was not hit last time due to stopping early with the upper discovery.

3rd is the deep.....the sub-thrust, which has shown to have hydrocarbons at Chinook.

Suffice to say - Cascadura Deep will hit hydrocarbons, the question is, how much.....