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Commencing a formal farm-out process to attract a high-quality new partner to fund the next stage of appraisal and development;

Multiple targets, one well, one pad, close to Dalton Highway, close to Taps, close to proposed gas pipeline. Flowing above 100bopd on a vertical. All the legwork done for a potential JV.

T*sser, if you could only hear yourself, you have followed this company for 7 yrs. Let it go :)

Time will tell Ssccss, I don't know any more than you but we are sitting either side of the fence.

Stopped flow due to time restraints, and your 4 barrels used to be 6, but 4 suits better, and the company said results were improving as the flow continued so figures were expected to do same.

About as serious as you using the same information but with a different agenda Ssccss.

I am happy with my assessment, my holding, and also glad that Dave Wall is no longer with the company, but you can quote him all day long ;)

Ssccss, 1.55 x 48 = 74.4bbls/d

He is crying over spilt milk

Nice link Scot. not like you. great news on Namibia.

I noticed Older, but happy to take anything positive at the moment. I genuinely hope you are in a good position as I do believe this will start skyward today.

Same old from delboy55 and his team of schoolboy charmers, trying my best to ignore ;)

Up 25% in AUS on the strength of it, let's hope for same or better here.

New names out in force today already, must be good news coming :)

If we don't answer them do you think they will go away? ;)

Thanks Let1tbe, I only get the BBC updates.

Yes to the RNS, I also think it will help the SP.

Israel now responded with a missile strike on Iran, I honestly dread the consequences as it will affect us all, just like Ukraine.

Also noted that it takes a barrel cost of $48 to drill a new well at profit but only $23 for existing wells, which makes Longhorn look even more attractive 320 x 60 x 365 = £7M with a target for year end of 600 x 60 x 365 = £13m

(less 36%) = $4,5m and $8.3M for 2025 onward (minimum)

Older, you cant just dismiss an instantaneous rate,it was over 30 min and would gave a figure of 74.4bbls per day, but accept 42bopd over a test period of 10.5hrs just because it suits your agenda. Similarly you cant dismiss 50bopd from a calculated peak rate from a 16hr test showing 170bbls per day

USFS 70 x 12 = 840 barrels

SMDB 50 x 12 = 600 barrels

Total from only 2 of the 6 reservoirs = 1440 barrels per day (because it suits my agenda) which is about $21m pa (@$40pb)

Correction, 'The well produced at an average oil cut of 4% following initial oil to surface, with instantaneous

rates observed during the 16-hour period varying as the well continued to clean up at managed

fluid flow rate of ~170 bbls/d with a calculated total volume during the flow back period following

establishment of oil cut of ~4 bbls of oil'.

It reads that the 4bbls of oil were included in the 170bbls and were still in the process of clean up so not a true reflection of oil raised over the 16hr period. And figures were improving until time ran out. I still think its been latched onto by derampers but is a red herring.

I'm reading it and it appears to show much better figures for test one or is down to interpretation? No mention of the 4 barrels, I guess it is just a red herring the derampers are (still) using to devalue 88E.

This new release can only help the SP.

Scot ' I am honest and ethical', but it's okay for you to come onto 88E board and tell members to sell up and join PANR instead? Shame on you.