Member Info for SeaHawk

Good to see that they are still happy to give us the 1.6Bn of oil and 6.6Tcf of gas. If things were going badly they may have left that out.

Sadly I doubt the FCA will do anything, from experience with other shares where fraudulent activity was obvious and reported the FCA did didly squat. It’s yet another reason that companies are leaving the London markets. All it would take is a couple of phone calls to say we are watching you and that would probably be enough, let’s hope!

People are waiting on more info before committing their money. Some are reducing their holdings and their risk. All depends on your appetite for risk.

Agreed Dicko too many burnt fingers over the years. They absolutely must get this one right.

It’s definitely important for us Brom and should give us a nice boost if it all works out. Without it we are going to get hit with dilution one way or another which is why it’s important to get the SP high and try and keep it there. Expensive business drilling all these holes:)

Bricks the agreement we have to sell the gas up to 500 MCF each day is $1 per MCF. If we have more gas to sell when the facilities are built we can sell it at market rates. For us the main saving is we will not have to drill wells to re-inject the gas. So one re-injection well per every 3 oil wells. That's a considerable saving.

Remember everyone this is peak summer holiday time so in all likely hood it will be the flow test results that really catapult the SP forward. Would be extra nice if PANR (hint hint) would RNS that the gas is of the quality required for the proposed gas pipeline. It would be another boost to the SP I suspect.

Time for the 10% crowd to jump out. Leaving those who are in it for the big money which will be coming down the tracks in the next six months or so.

Over 20% in two trading days is just fine, there will be all the traders jumping out with there 10%, who are not interested in holding long term. Shame they don’t seem to realise the tigers tail they have grabbed. Longer term this will be pounds not pence.

0857. It most definitely is fair, that was another of PANR failures that cost us a fortune for no oil. They have to get it right this time. Great news so far, just need that to continue.

Forgot to say suck on that Mangrove enjoy buying every single share!

Excellent news, pity it’s summer holiday time as it might lead to a delayed reaction. But should be a very good day. Just need confirmation the gas is of the quality required and we are off to the races. Plus we found yet more oil, just got to start to get it out of the ground. With the pressure to produce this gas in potentially short order as Dunlevy has indicated we will have to moving quickly.

If a disaster had happened they would have had to tell us. So everybody relax and have a good weekend.

That Mangrove manager should be sacked he had multiple chances to get out with a huge profit.

I am hoping for a little less excitement just a good result. The SP will take care of itself over time.

Nothing happening here until we get some news (too many burnt last time around). Traders have this in their grip so try not to get frustrated, a good result on oil and gas will send us flying, fingers crossed!

RPG Shorter's will have to buy to cover their short not sell.

Agreed Brom, down to the bottom which they should then be able to give us an idea of what they found. Then identify the best area in the SMD B for the lateral to be placed and then drill it and frac it. Followed by flow test. Lets hope they have the frac equipment booked and payed for because another long wait while others use it would cause mayhem. This is all going to take time so patience once again is going to be key. I do not see the SP doing much until we get some sort of results from the wire line logging or an announcement on the pipeline which I cannot see happening until we show we have the the right type of gas in the quantities required.

That would be great Stas but I just don’t see how anything can be signed off on the LNG pipeline until we prove we can not only supply the low carbon dioxide gas but also have commercial oil to make the whole thing work. That’s how important this drill is not only to PANR but also Alaska/US. Fingers and toes crossed.

Well volume is very high at the moment but unfortunately it appears to be a lot of people selling off. Too many caught up in that horlicks that was Magrez, still makes me angry with the way the company handled it. Trust has been dealt a blow so I expect people will wait and see what happens with the drill before jumping on board.