Member Info for SeaHawk

Thanks Brom

I guess that rig has been on the move for the last 24 hours so as to actually get back to the main highway. So it must be going okay otherwise we would have had a RNS by now. GLA

PHSAR after 37 years in the military I am pretty sure I don't need to harden up. This board has very few people posting on it compared to many which is a real shame. People like yourself and Scott make it place people do not want to post on., so perhaps for the good of your shares you should be the one of heads off elsewhere . I am sure we won't miss you.

Phsar Nope why should they remove themselves, who the hell do you people think you are, key board warriors at best. Scott is quite capable of getting his points across without being rude and unpleasant. We are all invested in PANR and are allowed to give our opinions. You are allowed to have different views but do not need to bully people.

Scot stop being so bloody unpleasant to people. Nobody minds being picked up for giving wrong info, but you do not just pick them up you have to be really unpleasant with it. Sefton right or wrong is perfectly entitled to his own views and ideas, as to his so called conspiracy theory, it was not so long ago that the company held onto results that impacted the company so that they could pick up extra acreage. Kindness costs you nothing.

Ohh I am fine thank you Ddraig I did not lose anything in 88e and am over 300% up in the NN. Just need 88e to move up a bit more and I will depart before what is now looking like a dodgy drill due to the lateness of spud. But I still look on 88e with affection as it was my first adventure into Aim and I hope everybody does well out of this latest effort. They have to be due some success after 6 odd years.

It will head down shortly after all those day traders sell off having made their £10 quid.

We have not raised more than a couple of thimble full of oil in the 6 years I have been in 88E. No doubt this year after reducing my holding greatly 88E will raise some oil and then I will be out as it is still stuck in the middle of nowhere . GLA

Not sure why the sudden surge, maybe a leak?

Weird the SP always seems to go up when there are more sells than buys and then down when the opposite. You would think in this day and age they would be able to get the reported sells and buys correct. It only takes an extra 2 x button for the market maker Sell/Buy. Ridiculous.

Hi Pragmatist I also attended those meetings and it is a great shame that PB passed as the focus moved away to conventional oil. My point about the pipe is that where 88E are currently operating is some 90 miles from TAPS and some 30 odd miles from Conoco at Willow. So somebody is going to have to pay for that pipe and its not cheap at all. 88E are also at the mercy of Conoco who will be able to charge what they like in the way of royalties as 88E will have no choice. If they are prepared to wait 88E will have to sell off any oil they may find at a very cheep rate to Conoco as otherwise its just stuck in the middle of nowhere. This is all assuming that Conoco actually goes ahead with Willow which as we know is currently not being allowed to be developed by Biden's crew. They may just decide its to difficult and too expensive. Now where could they go instead that's not on federal land is right next to TAPS and the road and has billions of barrels of oil? You never know!!

Ford I believe it is shares going across the pond to the US but I may be wrong.

Cbaron I was in the SN for 6 odd years but gave up on them last year, I still hold a few but I have mostly moved here. Fortunately when they dropped on the news of having to pack up last year I managed to pick up fair few at 30p. 88 are simply playing the US dummies at the moment who seem too thick to realise that even if they discover oil it is totally stranded until and if Conoco develop Willow and even then there is a massive pipeline to be built. There is no long term upside at all, however, there are some traders who will make some money on the drill and will be well out by the time people realise they have been sold nothing of any worth. Nice move by the company to buy into a small producing company in Texas that will pay enough to fund all their big wages and I am sure they will string investors along for years. Took to long but I am very glad to be in the NN.

Blingy I would not mind you ramping even if you don't. This board is dead when you consider all that is happening with PANR, you would think we were dead in the water rather than a company with so much upside hopefully coming in the next few weeks. Of interest a poster on another site has just suggested that maybe this new oilfield stretches to parts that are not leased and the company are playing close to their chest like they did last year. I am not sure they will get away with that two years on the trot but you never know.

Blingy the problem is we have no idea how much oil there is, 200-300m is simply a guess. I cannot find anywhere a suggestion from the company as too how much there might be in this system. If anybody can find something then great let us all know. Scott? Anyhow it is difficult for people thinking of investing to get excited about the flow test as it is a bit meaningless without having at least a very rough idea what we may be looking at. If they have not already then I am sure the company is working on it.

Would be nice if the company could give us an idea of how much oil there might be in the newly flow tested Slope Fan System. I don't think the market has twigged yet what this could potentially mean for PANR.

Outstanding paper written on Reddit with regards to flow rates and what we should achieve everybody invested should read.
https://www.reddit.com/user/FlightUseful7258/

A bit frustrating that its not doing better today but in the end if you are here for the big money when they sell up it doe not matter one jot. Its typical AIM that there is always a little bit of not so good news that completely overrides excellent news. The company has not even tried to put numbers to this layer of oil. Potentially this is another large oil field that PANR will have to add to its already huge numbers. When you add this to the very conservative 2.4 billion barrels of recoverable oil you could quite easily see this getting well over 3 billion barrels of recoverable oil. If you take the worse case of only getting $3 a barrel (more likely $5/6) you can see how easily £10 quid a share can be reached. As an oil expert said on TV the other day we are starting the transitional phase to electricity so companies are not going to want to spend huge amounts on infrastructure, yet will want oil. This huge oil field is in exactly the right place eg very close to the main pipeline and very close to the road and other infrastructure. This oilfield could be up and running very quickly if a large oil company puts its mind to it, almost certainly online before Willow and at a much cheaper cost. I have no doubt that somebody will want this big time, as it will be easy money. Its going to be a case of who gets in first. Fortunately companies are making money hand over fist at the moment so they have the cash available. I would not be surprised to see a rather low offer in the near future that I hope we all say no too. Key to this is getting TW to flow, although they must already have a good idea from the logs. GLA

People need to remember that most PI on AIM only put in minimal effort on doing their research. Therefore yesterdays RNS had two statements that will have put a lot off. The fact that the Wire Line logging was not completed and secondly that there were problems with the hole. This would have put a lot off and I was quite surprised yesterday that we actually went up. Thankfully the investors here have done their homework and are waiting for the big move which will happen if we get decent flow rates from Talhita. In the mean time lets not forget the other well that is being flow tested which could also prove up a significant amount of oil. GLA

Well the company is keeping us relatively in the dark at the moment, so combined with possible war in Europe people are getting frightened and selling. Some companies mainly the smaller ones RNS almost daily during drilling if they think it will keep the price moving up. They would have put out an RNS on TD at Theta but i guess they told us the day before in the last RNS leaving us to assume it happened and all is well. By now they must have fracked and tested a least one more level of last years drill but I am guessing we are going to get one big RNS in the near future, I just hope it is well written and clear to PI what is going on and has happened.

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