Member Info for SeaHawk

You certainly know how to make a fool of yourself, how's that short going.

If you have any sort of knowledge about investing in an AIM company then you absolutely had to know that a gain of over 30% was extremely unlikely to hold up. I am a long term holder (years) and even I sold some at 40p and then bought back this morning thus gaining some more shares. Traders were always going to bring this down after a 30% gain. Our shorter will in the near future have to start buying back its 14M shares so this will rise again. Cash needed over the next few years is 120M after that we will be self financing through selling oil. How they get that money is up for grabs but they are determined to not dilute us too much.

We will see in the next couple of months if they can put together the finance for the project. But to me its all icing on the top of the cake 1,2Bn barrels of producible oil, just in the one field will produce the $5 barrel in the ground. If you are wrong (which you mostly are) then the gas and CO2 storage will make PANR a very big company worth a lot of money.

I hope this sticks it to Mangrove big time, they had their fun now it’s our turn.

Dickie want to have a go at deciphering your post for us:)

How many shares do Mangrove need to buy to cover their short?

Davidwk they need to do a great deal more than showing one well flowing. They will need to show the extent of the field eg more wells and loads more tech detail before anybody will buy. Having PANR on the same field will help but a lot more money to be spent.

I bet Mangrove are going to love this RNS when they wake up this morning. Boy I hope it hurts them hard after all the trouble they caused. Can’t wait to see them buying back stock.

Could do with a nice RNS informing everybody that the horizontal drill has started. AXL you owe us that after last weeks shocker!

Hopefully Sirmark although I am keeping my expectations low so as not to be disappointed if our amount of oil does not double etc. Expectation can get too high and then we all get miserable when they are not met. Seen it too many times.

Very interesting how gas could become a major financial factor for this company. Only a few months ago disposal of gas produced when producing oil was going to cost the company millions to reinject. Now with any luck we will be providing Alaska/Japan/Korea/China with gas, saving on reinjection and earning from selling the gas. If it's announced that a pipeline is going to be built, this SP will go bonkers. I will be very surprised if one of the big oil/gas companies does not make a substantial offer for us.

There are people so lacking in basic knowledge eg mcap that they really should not be investing on the wild west that Aim is. Its no wonder why so many people lose a ton of money.

We need to get a riggle on. We have been lucky this winter with a free drill by 88e to keep the news flowing. I would be quite happy for another cash raise to drill again this summer as I still believe we need to show people a fully functioning and flowing horizontal. We can have all the reports in the world but they don’t have the same effect as thousands of barrels of oil flowing out of the ground for all to see. Plus Kodiak has now been untouched for over two years. That mistake with the concrete cost us big time.

Rediculas pullback we have lost 300bopd due to work being done to prepare for the horizontals. Once the work is completed the oil will come back on. Complete and utter overreaction. At least another 10 wells to come this year all fully funded and no need to raise any money. Great buying opportunity.

Scot we all know that not much is going to happen here at PANR until we get the finance settled. I was really hoping that it would be announced before the updates on the amount of oil we have as at the moment people will just say ‘yes but how are you going to raise the money to get it out’. Get the finance sorted and we will be off to the races.

This is great news after all the years of dusters, but it is long term news as 88e are years and much wonga away from production. Enjoy the ride for the next couple of weeks you deserve it.

Hopefully a RNS soon alerting everyone to how positive this is for PANR. Thanks 88e for the free drill last year and the flow test this year, glad after all these years they have finally managed to flow some oil.

Will be very interesting to see how many barrels this will mean for us. Basically every well will have multiple oil layers to draw from. I await troutsnot put down with great anticipation!

Must admit I am surprised that they are working to 6000bopd by the end of 2024. They are currently producing 3200bopd and yet with minimum 3 horizontals, 10 normal well and 2 exploratory wells they are only expecting 2800 extra a day. That would be an average of only 233bopd from the 12 new well. Considering they are expecting at least 1000bopd from the horizontals then I do not get it. I am all for understating and overachieving but that seems like totally ridiculous numbers. I will be mightily surprised if by the end of the year we are not at 8000bopd.

talk now of maybe 5 horizontals this year with all total 15 wells being drilled. no doubt that some will be exploration drills so might not find oil but disregarding the horizontals if they all were to come in at 500bopd that would be 7000 odd bopd plus the 2500bopd that we currently produce and we are nearly at 10000bopd. back of the *** packet calculations but they are making $52 per barrel after costs and tax that's near as dammit 190 million dollars a year. that is a considerable whack for a small company with no debt.

Interesting that the state is also talking about CO2 storage. I guess Cook Inlet is the easy place to store it but a wonder if they can build a two way pipe to the North slope. Current prices are $85 a ton for CO2 storage, this would also be a very nice earner.