Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
MGoldstinger- re rate about to occur
In short, we just struck oil, n’est-ce pas
1p by Friday and I wouldn’t want to be out of this over the weekend. Pass the wine or should that read Icewine!
conrad02: I’ve remained invested for several years and am confident that the market capitalisation will one day reflect all the hard work that has been invested to date. We are in the oil exploration business and that’s what we are doing and it isn’t cheap to do hence the farm out strategy to conserve shareholders funds. Each drill takes us closer to our goal of selling acreage for big bucks. The naysayers will disregard all that has been achieved as they are only concerned with making a quick buck and some are feeling bruised. There are never guarantees to be had which is why I’m here and will remain so.....
ATISHA: Good attitude. Expect the unexpected!
Spinefx: the whole point of the HRZ is to identify a shale play and make it flow. That’s what Paul B did with Eagle Ford. It’s all about identifying prospects that have been overlooked because they are hard and making them work!
Brombarb: A soft farm out of the HRZ was previously in progress and the Charlie 1 well results may help to secure a deal. I’m not fully up to speed on post Charlie 1 analysis of results. Have they been announced?
Phrontist, thanks for the vivid explanation and I can almost see myself on that beach all those years ago!
guzzler1962: A tier 1 company may have wanted less attractive conditions so I don’t personally care whether it’s tier 1 or 2 as long s they cough up!
guzzler1962: PMO were a great partner: they paid for the well and then walked away because it’s not their beer. It is our beer though and we can all have a drink on PMO. The results haven’t been analysed and the conclusions will help us with our next drill and also in assessing the HRZ which PMO has no interest in at all.
Sausage74: there is no gain without pain
1p by Friday. I’m not saying which Friday!
wh0sthedaddy: it will be the idiot who thinks that the oil price is not going to be this low long term and that now is the best time to do a deal.
Reaper007: The only reason the SP tanked is because oil didn’t gush out of the well. Although these expectations were not satisfied, the results are really very good so everyone needs to cheer up because not only have we found oil, albeit the very light variety, but we have also gained masses of data to further derisk the conventional and HRZ. Rome was not built in a day.
Brombarb: the world is indeed in uncharted waters. Personally, based on the 1918 Spanish flu pandemic, possibly 2.6 billion will become infected and 260 million or so will meet their end. That still leaves 5.1 billion non infected and a population of 7.44 billion. That’s only to take us back to where we were in 2016. The market correction is overdone and it will recover unless human behaviour changes permanently. Internet shopping and video networking instead of car journeys to the high street and travelling by plane etc
jaffas, how quickly everything has changed. PMO market capitalisation is now only under three times 88e. Does anyone know offhand how much money PMO have actually paid to date re Charlie 1?
Life will resume as normal in due course and what we are seeing is a correction to a bull run which always invariably end spectacularly. What we need to focus on is proving up our acreage so that they become reserves which will one day be sold for profit. Avoid being dissuaded by short term negative sentiment.
TarthDrader: As agent Smith told Morpheus in The Matrix, humans have more in common with a virus as we colonise an area and use up its resources before spreading to another area whereas other mammals live in harmony with the environment.
It’s hard to believe that the world population 10,000 years ago was 5m and it took 9,800 years to reach 1b and only 200 years to climb to almost 8b today. A shortage of humans is not the problem, however, the opposite is a disaster in the making.