Member Info for taximan57

I see the rot is continuing with PANR, still plummeting and will soon be under 30. Hope they can sort out their debt soon or...

LTI did that make you feel better, telling us we are a bunch of losers with no hope for the future? I'm sure you have better things to waste your time on.

To start next month and analysis of the data to be completed by year end. All good news so far.

PANR market value 5x 88E, with PANR having 1B shares to 88E 29B, yet the PANR SP is 200x 88E (all approx).

I think PANR is vastly overpriced compared to 88E especially when you compare potential.

PANR can only survive if they go massively into further debt or have a huge dilution to carry on the work needed and pay off the debt. It will happen soon and I reckon 50-100% dilution, yet even that leaves PANR sp 100x 88E so a market adjustment after the dilution likely, or a hefty discount on the dilution.

I wonder what the year end value will be after all that?

Nice to know there is a groundswell of action and prepared to show their disappointment, even as far as on the company doorstep

Just received an email today from BOS (Halifax) saying my vote not registered as the cut off was 3rd May. I have sent them a copy of the proxy which stated 11th. Not a great service.

I voted against. I thought his remuneration was high before the results and would have expected he was a bit more humble now that the SP is dwindling away. He is on more than the average for a company of this size, his total potential being 137% above the industry average. I have always said that it doesn't matter what someone earns as long as they produce the goods, he hasn't.

I didn't realise until recently that AG was the finance guy before being head, but he has other directors there who are OG men so you would expect they would keep him on the straight and narrow. I voted for them to keep their post as we need experience in the team.

Maybe AG is one of these bosses who just doesn't listen to anyone under as he is the decision maker.

I too am glad Jaffa decided to share his wisdom, especially as English is obviously his second language. I'm sure once we peel away that outer layer Jaffa will be seen in his true colour.

Looking forward to the analysis ;)

To be fair Older, there were two sides infiltrating this board and both have mainly evaporated. Neither belonged and neither were welcome. I know you were added by a few on here as a deramper and I may have agreed but for the fact you did educate without belittling, unlike Scot who was a narcissist who did not hide the fact that PANR was his baby and nothing was better. Many spoke about his mental health and overbearing posts which often exceeded the word max but all I could see was a god like complex thinking that he was helping people and I truly believe he actually thought he was, hence the mental comments from others. I hope he finds peace now that he has stopped writing chapters of his self obsessed book on here.

I have to say it is nice not to have to read through pages of posts of nonsense, mainly from derampers, but strangely miss the interaction when some just could not help themselves and had to comment with little thought of the consequences.

Maybe now that both 88E and PANR are struggling share price wise we can all enjoy the peace and quiet, at least until one finds a partner.....

Not just money Brombarb, they need the equivalent of the GDP of Kosovo. Not going to happen at over $10B cost.

I agree, by next year it will be a memory, and PANR gas will be back to being a liability. Shame as it is apparently good quality gas with low CO2 ;)

Thanks Brombarb, contacted my broker who sent encrypted email which I replied to with voting instruction as per request. It said they would vote for me.

I have no idea if they will or how they will vote so not a great service imo

Galicia, the company have already said they are fully funded for more than a year so the likelihood of a meeting being called in the summer is zero for capital raise or consolidation. The most recent was without shareholders agreement as they can release 15%( or 25% if they get the extra 10% they are asking for at the AGM which is within the next two weeks) of existing total. This latest raise was the full allowance permitted and there is no mention of additional raises on the agenda.

'This would be an opportunity for them to have the consolidation vote as well' if they were going to have it this year it would have been added as a resolution for this year's AGM, it's not.

I do wonder at your reasoning for mentioning and suggesting, maybe a PANR shareholder? They are not doing too well I believe, maybe they will be doing a capital raise and dilution themselves soon.

Triumph1, I hope not. I found Older to be very helpful and informative but Scot seemed to be fixated about the market value of PANR barrel of oil, and he was terrible deramper and very anti 88E. I also have Older in AUS and Scot in UK, my thoughts.

I see PANR finished down again today. I wonder when the rot will decease. Will they survive to be commercial?

Stockraiser, my understanding of this is that it was to be discussed at the next AGM but I have been informed that it is not on the agenda. That would mean it cannot be brought up again until May2025. I hope this is good news for you.

Checkout, never denied it, nothing to hide. PANR just wont come out and say it will dilute when it is obvious it has to.

Did I mention no more dilution this year, no consolidation this year, fully funded this year, income this year, multiple interested parties looking at Leonis and probably Phoenix too when the results come out.

That would be 88E not PANR ;)

I wonder how much a PANR barrel is worth now :)

Show us your sense of humour Penny

Zeig uns deinen Sinn fur Humor Penny

Checkout, 'doesn't look like' holds no basis in reality. Your opinion is worth the same as mine, very little.

As stated earlier over 2 years there is very little difference between the losses of PANR and 88E. That's exactly what PANR holders do on this board, they cherry pick good news for PANR (and timescales) and bad news for 88E (regardless of fact).

88E has no debt, is waiting on results to see if they can be commercial, PANR say they are commercial but can't afford to do anything about it as they can't even cover the debt they have without further dilution.

PANR are not in such a good position after all.

Just to clarify, PANR down 75% and 88E down 78% over the last 2 years, so very little difference, oh except 88E are debt free :)