Member Info for Rktech

This will have nothing to do with a fitness tracker and I think he was way out of his comfort zone with that and had the wrong people working on it. If this is for real it's about data harvesting and he may have had the right people working for him and he's put deals together which is what he would be best at.
I can only think he would share it with the shareholders because he wants to salvage his reputation and go from zero to hero and after all he does own a large percentage of the equity anyway.
We'll know soon enough now.

I was implying a sale of the resource and not the entire company. Sorry I didn't make that clear.

A buyout would be the best option.
Everyone is now waiting for the detailed analysis results and maybe an external CPR report.
May well see some kind of re rate with a very positive outcome.

Escrow just means that the money is held by a trusted 3rd party in their account until completion is approved and signed off by all parties.
He has drawn a line in the sand and given the completion date so we'll find out soon enough.

Fc_uk off Scot.....Nobody's interested in you or your poisonous rhetoric.

That's a good analysis boom boom.
Nothing more to say.
Good luck to all for a great result from the logging.

I think of what the value/barrel is in the ground.
Prove up the reserve and then sell it.
Hopefully 2-3 dollars a barrel. Cut and run and move on to another prospect.
In any event that would add value to the SP.

They are using NMR ( Nuclear Magnetic Resonance ).
Of course this is just one of the tools but is expensive and relatively exotic to more conventional logging test equipment and so we can assume there is something worth investigating.
NMR is the precession of the nucleus of atoms within certain elements in the presence of a magnetic field. It is highly specific to the element and is termed the gyromagnetic ratio.
Not all elements exhibit NMR and in this case it is the response of the hydrogen atom present in water and hydrocarbons.
The spin of the nucleus is flipped with an RF pulse and the echo response detected ( spin echo resonance ).
This is the technology that is used in medical MRI scanners also.

The pump was down to PANR declaring success and then a major lack of confidence in PANR and a shorting attack with probably a lot of malicious lies thrown in ruined the SP.
Then of course they really screwed up the sidetrack, the truth of which you probably won't ever hear.
Their financial position is dire and their SP trashed......unfairly IMO
Doesn't mean we don't have a commercial find and we are debt free with a small income stream.
We are all just passengers now until results.
Good Luck Everyone.

It's a common symptom of the extreme ramper or deramper with a zealot type approach that they always seem to have a vaguely obscene username and a new account.
You have to question the sincerity of someone whose objective is to trash your investment and try to make you sell out.
It always makes me think we have a winner !!

It's just a fact that the company will be valued on the amount of recoverable resources. Without a flow test this is open to question and we just have to accept that for now. The new reservoir is an unexpected bonus but the value will be reflected in the Mcap and hence SP.
We are also debt free and have Longhorn as a producing asset.

@Postman24
Ha Ha Ha
Yeah.........he does talk a lot of ****** !

PANR are broke and have outstanding CLN debt which has to be serviced,
They fc+ucked up the horizontal drill and made excuses.
They need money to go further with Alkaid.
88E are debt free and have a positive cash flow albeit small.
We need a positive result from wireline logs and the market is not settling for any hype this year and all this mm's games rubbish is exactly that.
Good luck and that is what it is to us all.

They were set to flow test Merlin 2 but after the logging results it was abandoned as far as I remember. So wireline logging will be critical.

Just my opinion but to use Rumsfeldtspeak This was really one of the known knowns and so a positive but broadly vague response was expected.
Now we are moving to the known unknowns.

Yes you're right rabito, dunno why I thought Alkaid was shallower , probably because of the mention of gas cap. My bad, as I don't really follow PANR.
We'll know soon enough now.

Producing nothing ever.
This was his big chance. Shame as I thought it would work but he can't get finance.
It really is a shame after you consider all the money that TRP have wasted chasing rainbows in the past.

PANR were drilling a shallower target and they hit gas .......what a surprise.
They said they thought the deeper SMD was a better target ( 88E first target is SMD).
Also PANR are broke and will need money to proceed further plus the shorters got hold of them mostly on their financial predicament.
No free lunch for traders and failure is mostly priced in this year.
Just hoping for the best so GLA.

I don't like making negative comments on PANR and it would be better if we could all just get along but Scot lives in a different world.
PANR is going sub 10p regardless of anything else because it is broke and has a shedload of CLN's which means a cash raise or else they're paralysed.
You talked about Nuclear Magnetic Resonance in one of your interminably boring missives and so I challenge you to even tell me what it means, how it works and why it is ubiquitous in todays world outside of E&P.
Go on Scot.........I dare you..............I double dare you !!

For once I agree with Noba and failure is largely priced in already.