Member Info for SunZoo

In my opinion jay is being somewhat ushered to the side and it's now the david hobbs show (and the team that he is assembling)

US OTC trading today currently at 20 cents (~16p)

The company can elect to pay the coupon in cash or shares, so given the current need for cash it will have to be in shares. obviously the lower the share price the greater the dilution

The chimney is part of Kodiak. Expecting it to be included in N&S report landing this month

Indeed, what's in the 'chimney'?

I understand the model is to self fund, but surely a partner can be found to get things moving before 2028?

Not really sure what to make of it all tbh. have i understood it correctly that Kodiak isn't scheduled to be developed until 2028? i seriously hope a partner can be found before then

Just seen the new oil fields on twitter. who leaked the map, assuming it's genuine???

What's a 'hot tap'? no jokes please

So the new acreage is north and adjacent to Theta West, and is being described as a 'chimney' which is updip with better reservoir qualities. oh, and contains billions of barrels of oil in place. i'm cool with that

"he (Shubham Garg) wouldn't invest in either company ...." hmmmm, really??? about 2:23 of the video: "here's Charlie1 of 88 Energy, which for those of you that know me, I now have in my personal portfolio and what got me to Alaska in the first place"

didn't the company need/want to secure the new acreage before releasing the available data to potential partners/farm in - or have i just make that up? i accept the point we already have a lot of acreage to develop, but to not pick up the additional leases would have been a huge mistake (in my opinion)

yeah, anyone would think it was a duster followed by plugged and abandoned

seems like a decent plan to me. ok, A2 output is disappointing but if the data is good then it's far from a disaster. funding for SMD testing might need some negotiating but should be achievable however the company chooses to approach it. farm in discussions can continue in the background (hopefully assisted with some positive news from SMD)

interesting comments from Jay and Bob regarding testing the SMD formation from either (or both?) the Alkaid drills. i'm almost certain they said they can drill laterally using the existing vertical boreholes, and would cost in the region of $5m, which i assume is for one ... and this can be done outside of the winter season?

i guess that is the question - what will the company be focusing on next? i'm sure (hopefully!) they have a plan but we need to see it

ok, hard floor of 65p per share is in play. but still, i think we can ride out the storm (if you want to call it that)

back of the envelope calculations the quarterly coupon and principal payment is about $4.4m or 0.90% of current market cap. whilst i agree that's not ideal, i don't see how that in itself is going to start a death spiral any time soon. all my own opinion of course

From memory it's at Pantheon's discretion as to whether the convertible bond interest and principal is paid in cash or shares. Perhaps someone else can confirm?

so does it come down to whether i believe Schlumberger or Jim?