Member Info for ShrewdOperator

Good luck waiting for the return of the 0.6s lol.

We are only a few days away from the LWD results on all 7 targets and both PMO and PANR are very confident we are on to a winner with this well.

I think we'll see a steady rise all week in anticipation of LWD results next week.

PANR sounded very confident last night that Charlie-1 will be successful. LWD results for all 7 targets should land next week, exciting times. I think FOMO is going to kick in this week..

I just added some PANR to my portfolio. Am I correct in thinking their main prospects are also in the Torok formation?

Brom, I'm only going by what DW said at the latest presentation which I attended. He said there that they would RNS on the findings at each zone as they make their way down, positive or negative, so that is what I am personally expecting.

However, I realise that's not guaranteed and we'll soon find out.

We will definitely get updates (positive or negative) i.e an RNS for what is found at each zone as we drill down and then put the wireline down.

Shaa, there is an estimated 192 million barrels net to 88e in the 3 Stellar targets (Torok) and an estimated 480 million barrels net to 88e in total across the 7 targets.

That's correct BigT although only once we've drilled and acquired the data will we know anything for sure about each target.

Shaa, I think everything pretty much hinges on the Torok. If the Torok is commercial as expected, it will may bring into play any of the other shallower targets that may not be commercial on their own.

And the flow tests will happen at the end i.e once drilled to depth and following completion of the wirelining

Only 2 out of the 7 targets will be flow tested on this drill, most likely 2 of the targets in the Torok formation (Stellar).

The sp will smash well beyond 3p and never fall below it again if we get success with this drill.

I'm surprised that some consider staying above 3p a mammoth task.

Next week we will be a step closer to PTD, ice road completion and rig mobilisation news, perhaps volumes will return with buying in anticipation of that news.

Thanks BB32 much appreciated, I will update my research notes accordingly.

I have just re-listened to the recording of the recent London presentation and DW does categorically state after 28:30 mins that PMO will shoot 3D seismic on Area C (Eastern Fairway).

I agree, the thought of where we could be by year end (if things go our way) tingles my spine. If Charlie-1 is successful and the HRZ analysis results come back positive, the SP will be multiples of where it is now and we will be looking forward to both the horizontal drill of Charlie-1 in Q1 2021 and a farm out deal for the HRZ.

I believe only Area A (Western Fairway) has been 3D seismic surveyed to date. On success of Charlie-1, PMO will potentially exercise their options and shoot 3D Seismic in the other 2 areas.

Although there was nothing negative about the news, I don't think there was anything in it to excite the market yet. I think the market realises it could be 1-2 weeks before the next news, hence the pull back but they will be back before long. News of PTD approval and rig mobilisation will get the SP going again IMO.

There will be no HRZ farm out unless we get positive core sample results back from the lab analysis.

Can someone please explain what the differences will be between the data we will log for each target while drilling (LWD) and the data we will log when the drill bit is out of the well and the wireline is in acquiring data? Does the LWD data indicate whether oil is there and the wireline data indicates how freely the oil can move etc.?

looks like a rush to get in before the 1.4s

The data room will probably open in H2 2020 but unlikely a deal will be struck until 2021 based on conventional farm out.