i'm still staggered by how close we can drill to the Dalton. considering estimated development costs for Pikka are $2.6bn with first oil in 2026, there must be some industry eyeballs on Alkaid right now
thanks Scott, appreciate those comments. i know it's stating the bleedin obvious, but that's a staggering amount of accessible resource. hoping for the best possible news in late sep/early oct
would it be reasonable to guess that Alkaid could have something like 200m barrels recoverable, based off the recent updates? similarly, how much of the SMD can be developed from the Dalton highway - and just how far east might these 2 zones extend?
i do find it quite distasteful that senior management need another whack of shares in order to be incentivised (motivated) to do the job they are being paid to do. admittedly the dire performance isn't all down to ed rimmer but he hasn't exactly set the place on fire since he turned up, has he??
Peel Hunt seem to have put the boot in with "risks skewed to the downside": doubts over economic flow rates, impact of Alkaid failure, no farm out, price target 50p (really?). seems like lazy journalism to me
bit weird really, but then again this is 1pm or Time Out or whatever we're called these days. someone purchased nearly 20% of the company in one go and the share price edges up 10%. perhaps 25p is fair value
RE: I'm expecting a massive worked buy has gone through22 Apr 2022 17:08
Not sure if this is old news but Cancord Genuity are hosting a corporate access roadshow for Pantheon Resources on 27-29-Apr. Could it be that Jay and Bob have something to tell everyone?