Member Info for SeaHawk

Come on Brom! "This is an important result for our strategy to move the Ahpun and Kodiak Fields through development to production over the coming years. The confirmation that the Alkaid horizon, the most marginal of the resources appraised on our Alaska North Slope acreage, is modelled by the Independent Experts to deliver real rates of return exceeding 20%, is fantastic news for our development planning".

Brom as far as I am aware they are happy for pads within the disturbed area next to the road and pipeline.

correct brombard but they are allowed to put more hard pads in if required. as for doing nothing until the facilities are in place, they have not drilled across the river yet to prove anything up. in my mind they still need to show real flow rates. the horizontal they drilled two years ago was supposed to do that but did not due to the issues with fracking.

i also think it is critical we get back to kodiac this winter as that is our main oil field yet we have only put one hole in it, that again had problems due to the cement **** up. time to show these oil fields in all their glory rather than 80 bopd.

In my opinion it’s just another step forward, I highly doubt we are going to see a big rise in the SP until the company sorts the financing out. This will help. Personally I wish they would just raise some money and get another drill on the go, whilst I appreciate the companies determination to keep dilution to the minimum, our advantage of being able to drill year around does not seem to be used to maximum effect at the moment.

Probably because that is a very detailed RNS and most people unless they are already invested and have done their homework will not understand it.

As stated in the RNS “fantastic news”.

Great end of year report and we are down 10%, AIM continues to confound me with great regularity.

Somebody has already made a very nice profit!

Thanks flight all very interesting, seems to be happen quite quickly and I guess we will know if this is a likely to happen in the next 3 months or so. If it goes ahead then wow we will be onto a real winner and the SP will go bonkers.

Well the good news is that we have gone up since the very large sale, now we know what has been pushing the price down for a while. Canacol needed the money rather desperately for their business (nothing to do with AXL) so it was likely to happen and is now out of the way without to much damage. Onwards and upwards.

You have absolutely no idea that these shares have been forward sold, so you are telling porkies right there. Judging by the fact they have had to offer a 40% discount these new shares are not exactly popular. There are going to be over 3Bn new shares that are going to be sold as quickly as they can making them a very nice profit. So don't set people up to lose money only complete shy..ers do that.

Mystic you are indeed going to need amazing results if you want 1p or more. Currently you have no idea of the size of the field in your area, no 3d the list goes on. You are also out of money again and will need to raise more money to keep the lights on, everyone will be aware of that. I think you are in a dream world if you think you are going up by 200%.

Bit cheeky of you Whoops to tell people to move on. I have a large investment here and have been holding it now for over 4 years. It's stating the obvious that there will be no drilling until the money is raised as they don't have enough, we are discussing regardless of the vender financing initiative if it's worth raising some money to drill this summer. It will not be long until we will need to raise money to pay the bills anyhow.

Onceabroker they are not brilliant at these webinars and we always get a hit afterwards to the SP. To much hopping around between presenters and too much in the weeds detail. Just needs one person presenting, to lead investors by the hand highlighting the important bits. The tech detail can be given separately to the retail investors and oil companies, the average AIM investor is just looking for the good bits in clear and simple language. Difficult to please everybody but as you stated 'Lead the market by the hand'.

Mystic you better hope for some excellent results from your flow test otherwise I am quite sure you will be getting visitors looking for payback.

Olderwiser I honestly get all that you say, but it has now been 2.5 years since we were last out at Kodiak where I believe we need to show we can get it out of the ground in good amounts. That concrete mistake has cost us dearly.

The BOD constantly bang on about being in the right location by the road and pipeline yet to me we do not seem to making the most of it. Raising 20M to have drilled this summer would have been easy and quite meaningless in terms of the number of shares in issue.

You raise good points Olderwiser but BOD need to explain in simple language what that all means to PI and they didn't. Great we have tons of oil in Kodiak, but then in the next breath no drilling this summer and drilling this winter waiting on finance. People on AIM are after the quick buck and all this is looking years away to them. Thus its important to keep things happening on the ground eg drills. The next reports due might produce a blip again if there is more oil. To be frank we have more than enough oil, that's not the problem. We need to prove we can get it out of the ground in large amounts and earn some money. We now have a load of people on the books who are doing what at the moment?

Yes I am frustrated, not with the SP as I am in for the long run, but we are inching forward when we have the ability to drill year round.

Nice one Mystic, just think though, all the money PANR are having to raise will be the same for you guys. Just the small difference that we have 1bn shares in issue and you have 25bn. You have enough shares in issue to give every man/woman/child in the world 3 88e shares. By the time you are ready to produce you will be up at 60bn shares. .

My own opinion is that I wish they got on and just did a raise, raise the money for the tap and another couple of drills and get the whole thing moving. Does not stop you seeking vendor finance but gets you front foot forward. Not drilling this summer means it will be over two years since we spud a well. The whole point of being next to the road and being able to drill in the summer is being wasted.

There is more than enough oil/gas to pay us all off very nicely so another 400M shares will only be a small dent.

Pretty sure Cbaron that he said the other options were still available to go back too. At some stage today I will go through the presentation again.