Member Info for ShareGuru22

12.23 They haven't started flow testing the well yet.... LOL

Nice try though sweetheart.

Interesting one for you:

PANR Net Asset position - June 2023 - $272m. Accounts for flow testing information gathered in asset valuation. Market cap currently £250m.

88e Net Asset position - June 2023 - $140m. No flow testing yet performed. About to happen now for the uninformed. Market cap currently £85m.

Hmmmm... so going by this, if PANRs market cap is 92% of NAs, then 88e should currently have a market cap of £128m, so it's currently undervalues.

PLUS..... they have a flow test about to occur... which usually sends the price through the roof upon positive results, which is seems are very likely to happen given the data 88e has received for FREE from PANR.

Interesting.

Interesting one for you:

PANR Net Asset position - June 2023 - $272m. Accounts for flow testing information gathered in asset valuation. Market cap currently £250m.

88e Net Asset position - June 2023 - $140m. No flow testing yet performed. About to happen now for the uninformed. Market cap currently £85m.

Hmmmm... so going by this, if PANRs market cap is 92% of NAs, then 88e should currently have a market cap of £128m, so it's currently undervalues.

PLUS..... they have a flow test about to occur... which usually sends the price through the roof upon positive results, which is seems are very likely to happen given the data 88e has received for FREE from PANR.

Interesting.

00.35 Agreed... debt, salaries, operational costs all have to be funded.

Cash - June 23 - $20.7m.

Cash - June 22 - $57.8m.

Over $35m cash drop period on period. Not much cash being self generated at all.

But I have a good idea, let's all post negatively on the 88e board and put our tunnel vision glasses on for PANR. Following Scot really seems to help, 130p down to 10p, and all that jazz!! Comical

Be careful all readers of Scot's content, isn't that right war boy

Intense news flow and excitement.

Next 6-8 weeks is the time frame now. GLA

I think the market cap will spike at £800mn (PANRs spiked much higher).

This is 3.4p per share.

It's an estimate, but when we drilled a few years ago, our market cap went over £1bn. This time we are actually flow testing for oil, not a wildcat drill.

I do not think the market cap will settle at such a level, note I say I think it will spike at this level.

10.55 Thanks. And if it's all so tight, are up dips and down dips very relevant to quality of oil sat there?

Thanks both, good to know Brom!

As far as I know, if there's pool of oil underground, being in the lower dip is much better.

If you was after as much water a possible, would you put your pump in the shallow end or deep end?

Idea? Let's extract before PANR, then all their oil in the updip will flow down into our lower dip as we extract. Woohoo

Plus, and god, only imagine, 88e discover there's a lot more than 371m barrels there... the price will be multiples higher.

See below my commentary on the events over at our exciting southern neighbour, 88E.

"Casino punters and those playing a game of financial pass the parcel - no need to read further, except to remember the adage: "Enjoy the party but dance close to the exit." This for for those traders or those who got caught in the famous Scot 130p to 10p trap.

For anyone with the slightest interest in the fundamentals, read on because it's fascinating and frightening in equal measure!

88E valuation.

1) Mkt cap at close today is £80.3m

2) Deduct value of Longhorn and Namibia (£8.7m) gives us £71.6m

3) Divide by Project Phoenix Best Estimate (P50) recoverable resources ***assuming complete success of both flow tests at Hickory-1 in the next few weeks*** which is 371.3mmbo => the current price of each barrel in the ground is 19.3p.

Pantheon Resources Valuation

1) Mkt cap at close today is £242.8m

2) Less about $17m of debt. £227.8m.

3) Divide by Best Estimate (P50) recoverable resources which is 2.415bbo => 9.4p per barrel in the ground.

I emphasise this, the market never lies, PANR is values lower based on the above because it is going to have to dilute so many shares to fund it's debt requirement, and people don't like it.

88e however, are investing in assets on the side that should be producing for years to come. PANR isn't adapting, it's getting stuck in the snow if you will.

The market doesn't stay wrong for long, and you can clearly see 88e is the more valuable choice based on the above.

Aren't they exploring Helium or have I lost the plot?

16.06 completely incomparable.

11.54 Were my facts wrong? I know Scot likes to deal with facts. Got some egg on your face mate, go wash it off in the Portsmouth sea.

11.57 Shaguru... i am going to shout abuse at you... FACT... but please don't respond to me... hahaha shall we take your sentence to a primary school playground? It'll fit in well around there.

If flow test is successful, this will be multiple pennies per share. That's just a fact, the asset we are testing is just too good.

That therefore makes this both a trading stock and investment stock. We are testing for oil... oil has value... it is an asset... it's worth something.... you buying 88e is therefore an investment...

09.21 You gloated about topping up the week before last quoting how many shares etc. The price was 30p. At the time of writing this, the price is 23.4p.

God... I look soooo silly right now!!! Hahaha

No chance. This will go up so much in the next 6-8 weeks. I guarantee that

09.50 What's my point about cash being down over $30m and PANR having large debt on the balance sheet... forget it that says it all.

Stay happy, grumpy

Common now Grumpy, don't just quote the current part of the debt, that's very misleading isn't it?

Due in 12 months - Convertible Bond – Debt - $9.7m

Due after 12 months - Convertible Bond – Debt - $16.6m

You should apologies? It might be shocking if I hadn't read the accounts of a company I'm not invested in, but it's even more shocking to only quote part of that report to make it sound more promising, right?

Cash? down $37m.... didn't want to mention that?

NAs are indeed up but that is based on the increased valuation in the play that... you guessed it... 88e have a share in. Interesting ey....