Member Info for Scot126

Eek, sorry to hear that, marmaris.

Sorry I can't help you with more details on the well design. The information just isn't out there *yet*. Once the description of the well design is published by the company (RNS, webinar, interview, whatever method they choose?) then I'm sure we'd love to read your thoughts. Until that point, we're just scrabbling around in the dark, non?

Google Nordic Calista in Alaska. PANR has contracted the No 3 well which you can see on their website. Also, they're using the same crew which drilled 88E's Charlie-1 as per the well design in Q1 '20.

marmaris - that's the thing, the well design hasn't been fully described to us shareholders, which is one of the reasons why there's been such a clamour for the much trailed webinar. We now know why there's been a period of radio silence from PANR: the (delayed) auction results and the Otto transaction.

Suggestion? Let's all wait for the webinar and for the directors to fill us in on these totally fair questions we all have. If marmaris still has questions after that event, by all means air them. There's just not enough publicly available information out there where anyone can talk with definitive authority on the well design.

I'm happy to wait to hear the details direct from the horse's mouth, so to speak. However, I'll make this promise. If the webinar leaves the "order of play" drill questions unanswered, I'll be peppering the BoD with questions, along with everyone else! GLA

Hi Ddraig - this may mean something to you or not? No PANR shareholder I know pays any heed to Phrontist and his gobbledygook future scenarios. Best of luck to 88E with their upcoming drilling activity. GLA

Hi ChrisK - you'll note the number of shares to be issued to Otto is fixed? This figure will remain unchanged until the shares are issued after the state of Alaska transfers the Working Interest title. Thus, whenever Otto's PANR shares are released from their locked in period, the value of those shares will be 14.2m shares x the SP on that day. It could be higher than today's SP or lower. That's the market risk to which Otto remains exposed as a result of this agreement. Hope that makes sense? GLA

*deepest *website

1) Plan is to drill to TVD, logging and coring the four horizons as and when encountered.
2) Flow test as warranted by logging data from the beepest to shallowest as standard.
3) Lateral is planned for the shallowest horizon, the Shelf Margin Deltaic. Last part of the drill plan?
FYI - All the answers above are contained in recent RNSs, most recent webinar and latest presentation deck on the company's website.
4) Ally - TVD 10,00 ft, so equates to c.525ft per day average if your end of month target is to be achieved? Is that a reasonable daily achievement for ANS in your experience?
5) RKH Chippy - Vision was operator in Texas, PANR/Great Bear operator in Alaska. Have a look at the Nordic Calista webite, rig #3 is the one being used at Talitha. Same rig and crew that drilled Charlie-1 for 88E last winter. Uniform feedback from 88E is the crew performed very professionally.
Up to all here of course, but do keep an eye on Darcon's moderated thread on ADVFN. GLA

I disagree with Marmaris on his forecast on timing to spud. I'm not convinced he's followed the evidence that is publicly available from Alaskan sources. Because Deadhorse is only 20 miles or so up the road, management previously trailed the possibility that much of the hospitality part of the camp *may* not be required and that crew can be trucked or bused in from Deadhorse and can use the commercial facilities there. If this proves to be the case, I'm sure Marmaris will agree that a portion of the prep time will not, therefore, be required.

We also suspect strongly, due to evidence of the Dalton road closure advisories, that the rig arrived the pad sometime in the morning of 6th January, Alaska time. That's 5.5 working days ago.

All taken together, I suspect we're looking at a shorter timeframe to spud than Marmaris estimates. We'll find out soon enough. GLA