Member Info for Scot126

23:53
Strongly suggest all parties interested in PANR click on this link to a satellite image posted by Adz of the Alkaid-2 pad. I'm not a satellite imaging expert but that sure looks like there's a massive heat source in the southern areal of the pad, which is the same location where flaring was observed before the frack sand issue. My oh my!

17:29
Couldn't be further from the truth, Pander. 88E don't have sufficient cash at hand to fund Hickory-1. They will be praying to all the deities and crossing all fingers and toes and hoping Alkaid-2 shows commercial flow. I can 100% guarantee you that's how Ashley GIlbert is feeling right now.

13:39
I'm not convinced you've understood my correction, opulentia, but I'm sure the readers can follow the exchange.

12:29
Hi opulent - quick fact check. Guidance to prove commerciality is for initial production rate of 150bopd per 1000ft of lateral. Alkaid-2 lateral is 5300ft so 150 x 5.3 = 795bopd.

Just setting everyone's expectations accurately.

09.39
Totally understand your logic here.

Hi all - I 100% "get" the urge to go issue an RNS saying noted recent events, stand by our guidance, will update market shortly about A2".

I GET IT!

however I can picture myself throughout my career advising CEOs and FDs who become subject to these bear raids 'Do nothing. Don't respond. Let it blow over. They've alleged nothing new, nothing concrete, all just bluster. You'll only dirty yourselves by getting down into the muck with them. Plus you'll look defensive."

Must have said it 100 times!

I have no idea if that standard advice is correct anymore. With soc media these false allegations of fraud, doxxing me (fake btw),etc go round like wildfire and before you know it the false allegations become the accepted consensus view.

I don't know what more to say. I do know the company are fully briefed on what's going on. They ain't doing nothing!

By all means write to them if you wish. If I didn't know them, maybe I'd be typing out an email similar to cbaron's right now. I just don't know.

Those who know my content will know black and white come easily to me, truth v's falsehoods. This is one of those truly grey areas IMHO.

Not sure that helps but it's what I'm thinking right now. Be cool. The shorters have no edge, they've said nothing, repeat nothing, that was new to me. I would post it if I had.

Many of you know Telemachus @EnergyHobbs on Twitter. He's reposted a super reddit paper he wrote. Go find hom on Twitter, Like it, retweet it and challenge the leaders of the short to provide e Vince for their allegations of fraud. You refer them to David Hobbs. Do they not think Daniel Yergin's co-author is a global leader in O&G?????

21:25
Spot on, IMHO.

FT Update.
Email to and fro. You'll note he agreed to delete "undrilled" but he wouldn't remove the Shetland analogy. I'm genuinely disappointed. Thought the FT was better then that. Perhaps a simple case of my expectations being naively high.

"undrilled"? Wrong. Alkaid-2 is PANR/GB's sixth drill and first production well. All six wells have encountered oil. Fact.

west of Shetland????? Fractured basement play????? Nothing like PANR's geology.

I've emailed asking for simple FACTUAL correction. Let's see what happens.

13:55
Spot on, buzz155. PANR is sole owner of the 3D seismic in that area. They know.

08:31
Thanks for your kind post.

If I may, forget about all the market maker conspiracy theories. I sat beside them for years. I doubt one in a hundred could point to Deadhorse on a map. They see PANR as XYZ plc and react solely to bids and offers, and the volume and intensity of same.

Your posts already prove you know more about PANR than any market maker. The "market" is you, me and everyone else who buys and sells shares. That's who we need to educate about the *facts* of the PANR investment case.

Looks like a few posters on this forum have suffered from brain fade over the last 48 hours. Just in case these nefarious and/or ill-educated posters are attempting to catch the attention of the naïve and inexperienced investor, I thought I'd clear a couple of things up.

If, and I repeat if, Muddy Waters has unearthed a silver bullet to destroy the PANR geological model, then 88E is *more* foooocked than PANR because 88E's portion of the shared reservoirs are ***downdip*** from PANR's. For anyone reading this post who doesn't understand the significance of updip/downdip in an O&G context then Google is your friend. Also worth googling "Dmax" by the way.

For the record, I do *not* believe for one second Muddy Waters has any geological expertise whatsoever and I certainly know he's not had access to PANR's dataroom. But a bit less of the outright dishonesty being disseminated on this forum probably wouldn't be a bad thing.

Despite repeated *factual* posts, some folk who follow 88E do not appear to understand the following. The "$17.5m" cash on 88E's balance sheet at the end of the Sept Qtr was denominated in Aussie dollars, so c.US$10m. Take off G&A and the continuing cost of licensing the 3D seismic data and maaaayyyybe it'll be $8m at calendar year end?

Hickory-1 is planned for "H1'23" and will be on drilled from the ice. Its deepest target is the Kuparuk at c.12k ft depth. My *personal* assessment of the likely cost is a minimum of US$20m. That is a big funding hole to be filled between now and January. Ashley Gilbert will be crossing all fingers and toes that PANR's Alkaid-2 reports commercial flow in the coming days/weeks. Be under absolutely no doubt about that.

Long standing members of this forum would do very well, IMO, to ignore the recent wave of ramptastic disseminators of easily proven falsehoods who are once again "to the moon"-ing on social media. But, as always, that's every individual's call.

Ha! His former oil analyst is an energy engineer called Pete Brailey. Pete has been writing the same sell article for at least two years, starting at around the 20-30p range. He's also extremely profane and doesn't engage when fact-checked. NB Not opinion-checked, fact-checked.

09:49
It's utterly bizarre. 88E has elected to name their new leases (north of Alkaid on the road to Deadhorse, adjacent to the Highway) Project Leonis. To be clear the leases 88E secured yesterday are NOT in the same area as PANR's land which was also named Leonis.

I have no idea what 88E are up to in co-opting the name Leonis. It's of no matter in the overall scheme of things but I must admit, it's all really weird!! Lol

Holy Guacamole! Brom - are you feeling ok? You just proved to the whole forum that you're physically capable of typing out a dollar amount to describe how much a 3D seismic study is to cost the company. Bravo! Hearty congratulations.

Trouble is, it's not for the SAExploration FB3D dataset. Go on, Brom, knock me down with a feather. Relay to this forum the *total* cost of the SAE 3D data please. I know it'll be a big number, the question is how big a number? An uncomfortably large number or a rrrrreeeaaallllllyyyy uncomfortable number with implications for W.I. percentages and/or shares in lieu and/or free oppies?

I can tell by the deafening silence that the rest of the forum is waiting for the answer to this question too. Oh, and what about the over/under on the total cost of Hickory-1? US$20m +/-?

*If* I suspected 88E needed to raise c.US$15m, likely via a cash raise, I'd be selling stock inot this obviously organised rampathon safe in the knowledge Ashley Gilbert will be seeking fresh investment sometime soon.

I reckon 88E will have >23 billion shares on issue by the time Hickory-1 spuds. Over/under on that number?

ANN out in Oz.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02596449-6A1121512?access_token=83ff96335c2d45a094df02a206a39ff4

Another question please, Brom. How could I forget to ask: how much is the ***TOTAL*** payment 88E is paying for the 3D seismic data? I've been asking the same question for months. Crickets.

a) Why hasn't 88E management informed its shareholders of the cost of accessing this 3D seismic?
b) Are 88E shareholders who are members of this forum not in the least bit curious about the total cost of the seismic data?
c) Why does Brom *never*, and I repeat *never*, answer *factual* questions which will cast 88E in a negative light? Surely I'm not the only one to have observed he's speedy to reply when the answer is neutral to positive? Hmmm......

Hi Brom - could you please use your close contact with 88E to enquire about Captivate/88E's strategy as it pertains to the blocks they have purchased a few miles up the road from Icewine East and Alkaid?

https://www.darrahoil.com/alaska/

As you can see from the link above, Darrah Oil describe themselves as the "lead partner" in an Alaskan project. Owing to the contiguous nature of the leases, that's got to be with 88E? Correct, Brom? What plans does 88E have for these leases which appear to have cost c.$180k if my sums are correct?

FWIW, I do agree entirely with Brom that 88E will inevitably have to raise more funds prior to drilling the planned Hickory-1 well in H1'23. If Hickory-1 is to drill down to the deepest target (Kuparuk) and do so in the winter season then I can't see it costing less than US$20m, maybe more? 88E has maybe US$10m in the bank.

There are a number of new posters here and Twitter doing the ramptastic rampathon thing right now. Some of you will recognise the profile names, the usual bunch of UK-based swing or momentum traders. You know the type; utterly disinterested in the actual asset, couldn't point to Deadhorse on a map, "seismic what?" and are promoting the garbage "88E did it last year so they'll do it again" without even a nod to the billions of extra shares issued, nor the clear disgruntlement of US OTC punters after the two disappointments at Merlin 1 & 2.

If folk wish to play a financial game of pass the parcel, that's their call. But, like Brom, I would highlight that 88E shareholders will be diluted in some fashion, whether it be via cash raise or a farm out, in order to pay for Hickory-1.

I've also noticed some straight up dishonesty posted by some of the rampers. If anyone tries to equate either the scale or quality of recoverable resource within the 88E leases v's the PANR recoverable resources then I can do nothing more than urge supreme caution when considering their honesty. I've posted this before and I'm happy to repeat it today. My model suggests the ratio of recoverable resources held, PANR:88E, is 95:5. I can maaaayyyybe stretch it to 90:10 but no higher in 88E's column. 88E is currently trading at approx 14-15% of PANR's mkt cap. Mathematically, based on the fundamentals, that makes no sense whatsoever. Therefore be very aware there's "trader talk" and rampy stuff going on with 88E right now.

Ask Brom if he'd add to or re-start his 88E holding:

a) before or after 88E raises sufficient funds to pay for Hickory-1?
b) before or after PANR publishes a *positive* result from Alkiad-2?

06:55
Ok, ShareGuru22, if there's not going to be a cash raise how on earth is 88E going to fund Hickory-1? The latest Qtrly Report showed cash at hand
So, apart from some fantasy magic money tree, who is going to pay for the drill if not shareholders via another large dilutionary fundraise? IMHO 88E is heading for shares on issue of >22 billion.

Timing? I anticipate 88E will move to raise funds for Hickory-1 via a shre sale in the days following initial flow rates from PANR's Alkaid-2 production well. Watch this space.

Always happy to help you, Brom. The answer is No.

Whilst you're there, Brom, any luck on finding out a) how much the 3D licensing is costing 88E *in total* and b) whether the 88E BoD has released the funds from escrow following ELKO's 2022 share sales? How about confirming the total number of shares sold by ELKO in 2022, the range of prices realised and the total amount realised?

Ok, may as well address this now. As I'm sure many readers will be aware, Brombarb is the mainstay of the 88E lse forum. Over 26k posts, >99% about 88E in the last few years. There's no question that he knows the E&P sector. There's also no question that he knows a great deal about the Alaskan E&P sector. I am uncertain what the relationship is between Brom and 88E but I have zero doubt that Brom was telling the truth when he posted that 88E replies to his communications whenever he gets in touch and quickly too! Why wouldn't they? Brom is the key opinion former in the UK shareholder community.

A couple of us have monitored Brom pretty closely over the last 4 years or so. It was only until the summer of '21 that Brom admitted to trading the peaks of 88E when the fundamentals were overtaken by the frankly outrageous OTC-inspired ramptastic spike. NB key insiders such as ELKO and Dave Wall sold into these spikes also.

There's also no other way to state the following apart from being blunt. Brom never, and I do repeat never, replies to fundamental questions of ***fact*** which, if answered, would cast a negative light on 88E. If he knows the answer would cast 88E in a positive light, he'll usually reply within minutes/hours. Negative answer....not a peep out of him.

The 88E lse forum is nauseatingly permissive as it pertains to Brom's highly partisan and partial conduct. I reckon his conduct has been highly unethical and that a large dollop of any success he's enjoyed in trading 88E has been realised "off the backs" of the naïve and credulous who were spiked by the likes of Brom (and many others). I fully accept some will come down on the side of 'all's fair in love and share trading'. I don't think that way.

In the same way Brom (and those who comport themselves in a similar vein) may retort "Caveat Emptor!", I contend members of the PANR lse forum would be well advised to view Brom's PANR content through a lens which certainly recognises his knowledge of the sector but which is always mindful of his history of behaviour over on the 88E forum. Make of that what you will.