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The longer there is no communication from the company, the lower the sp will get. As much as I hate to say it, it's looking like the RNS was fairly misleading. Otherwise, why wouldn't they have clarified the 4 barrels issue or actually have written the RNS is a more user friendly way. What a joke.

The company need to clarify the 4 barrel figure in the appendix. I would have thought they would have done that by now.

"A matter of weeks" does seem to be Roland being overly optimistic AGAIN. Honestly have no idea why he does it. Erodes confidence and the sp will suffer anyway. Deadlines mean absolutely nothing to SYN so they should really stop using them!

Is 2H second half of 2024?

The much misunderstood 4 barrels is not 4 barrels across the whole test but approximately 4 barrels per stroke (stk bbls).

Scott just the fact you write such long essays tells me you are profiting from posting here. Seen it all before.

Radika, I don't think anyone on here can help with your confusion. You need to read the RNS again carefully and engage your brain.

But have to agree their RNS is written more in layman terms

PANR used 3 perforations which were all individually stimulated for 72 hours.

Three separate 10 feet ("ft") intervals were perforated over 370 ft out of 600 ft of gross section, at 9405 to 9415 ft, 9205 to 9215 ft and 9045 to 9055 ft. These three intervals were individually stimulated and flow tested, producing high quality c. 35 to 39 degree API oil and averaging 73 barrels of oil per day ("BOPD") over a three day test period.

On the final day of testing, the well was flowing at a sustained rate of approximately 40 BOPD.

Where as we used 1 perforation and for 84 hours. Not comparable really.

Scott you are blatantly trying to ramp PANR at any opportunity.. Go away.

Maybe people will start buying back in once they have had time to digest the 2 latest RNSs. AIM is proving useless at valuing companies at the moment though because most are trading on momentum rather than fundamentals

Traders sell out to move onto the next thing. No news expected imminently now so they are off. They will be back in the build up to the resource estimates. Others just don't want to take the risk and get left holding the bag again. Most investors here probably didn't actually read the RNS properly or know how to interpret it before making a decision. That's AIM for you. The content of the RNS can sometimes have little to do with the sp action. Mainly because the RNSs need to be written more like a guide for dummy's

Significantly, these flow rates were achieved from only a 20ft perforated section in a vertical well with a low volume stimulation over a short period. As previously highlighted, production rates in long horizontal production wells are typically multiples of 6 to 12 times higher than tested in vertical wells, as evidenced in many Lower 48 analogues.

Agree redbeard. Anyone doing calculations is just making stuff up IMO. We need to wait for the proper estimates.

Question is how slow of a start is it going to be...

"And it doesn't sound like the well clean up will make a massive difference"

Nice try. You just pulled that out of thin air or did you have some facts to back that up? Haha

Horizontal wells are standard in this region. It was a low volume stim of a vertical well with lots of fluid in it... Come on

And it's so obvious most people can't actually be bothered to read the whole RNS properly... Usual AIM

The oil cut is not alarming. The well was still cleaning up. Need to wait for the next report to know more. So obvious people are trying to get in cheap before the next report.

Older no one is stupid enough to think it means 50 barrels in a day. Its a peak flow rate!!!! Ie the fastest it flowed. Honestly...you are ridiculous