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Ok derbon, who has never posted on PANR before.

Just been going over the presentation again....It clearly confirms that the main objective was to assess the oil type and mobility of the oil. In total panr has now flowed oil from deposits with over 2bn barrels of oil, not oil in place but recoverable oil...

I'll take that from only 30ft perforated of a 900ft interval i.e about 3% of the pay layer.
A resource upgrade as well as this confirms more than what they modelled, i.e over 1bn barrels of recoverable oil.
With the added extra zone at talitha, this winter has flowed from zones totalling something like that 1.4-1.6bn barrels of recoverable oil.

I said before I would be happy if we got a flow rate of over 100bopd, so very nice indeed.

It's a shame about the weather, but to have so much flowing oil from so many zones is incredible and will attract major attention. If he surprised if another company anywhere in the world has oil from both ends of such a large target flowing for the first time. The biggest flowing find of the year imo.

Firsty Interesting to see RockFire's new big JORC at copperhead in Queensland. 64mt@0.19 CUEQ, which is smaller than the JORC we brought at 71Mt @ 0.44% Cu....
Anyway back to the RNS and hole 26 is quite amazing given that it is to the south of the start of hole 1 (which a year ago we considered to be the top of the JORC deposit). Now we are way deep there, with 600m vertical metres of JORC material.
The gold is interesting, some decent strikes of commercial gold.
Hole 27 is a little disappointing tbh, but it was well signposted by the company as it pretty much missed the deposit.

A few days ago somebody very nicely posted a link to the sat compilation site. It updates every day with new sentinel etc sat passes. You can see pretty decent detail of the drill site inc 20m trucks/vehicles etc (which move on the images) if you go back to the 12th and then look at imagines up until the yesterday you see far more vehicles and general movement of large equipment.
There has obviously been a step change over the last few days which coincides with when it’s generally thought that the actual flow testing will occur. (Ie after lock in and after fracking. )

A shed load of activity on the sat in recent days (particularly the latest update today)

It was a joke Scot ….

Could they not have carried it on for another 2 mins.
It seems pretty clear that the testing is going well and to plan, otherwise they would be idiots to release this ending just before testing begins with everything successful.

My only nit pick with the interview (and I’ve missed the last couple). Was his comment that the surveys will pin point exactly where the deposit is etc.
it simply doesn’t no matter how good. It does provide a guide, a useful tool. And I am certainly looking forward to it!
Like others have said, the best bit is Africa. If we have confirmation of income, then we can kiss goodbye the curse of dilution.

We are only at the very start of the window. Prime date is Monday next week, but any time from now until end of next week is possible. Then the same again for the upper bff.
Some good volume on otc today and it finished up.

I really hope those figures and Africa come off..Everything is pointing towards a very good May June.just a question of when will the share take off?
Will it be the FB start RNS..The BR jorc. The survey data. The ascot assays....?????

I make it about 1.07 USD per share. But only 3m shares, so not much. The SP should rise a bit now.. Yesterday's fall was a bit overdramatic for the volume etc.

Rns in a few mins - just not the one we want, but might account for the push down.

Re the twitter link, Its yet more confirmation that the rig moved at the end of last week, meaning the testing rig was likely to be in place over the last weekend, that the fracking has taken place and they will hopefully have started either lock in pressure reading stage or even initial flow stage.

It does seem to be a better day today, up 6%-7% at the moment back above 120p. This should continue into next week, hopefully back above 130p
I don't normally take risks, but I am convinced that what i saw on their screen was the resistivity log for Theta, showing a potentially very large oil signal in the lower BFF and tbf a much smaller one for the upper BFF. The lower BFF has a higher signal all the way up than the upper BFF, balloning at the top indicating a very strong seal.
I just can't wait tbh.

The share price was always going to struggle this week. There was the certainty of no news as the flow testing won't be done until next week- weekend. Traders will leave and come back, other new investors will be waiting until test results and might be annoyed 're the smd test and cement issues (hence low-key buy volumes).
The better news is that it's not down to internet forums imo. If you care about the sp, and I am not sure it really matters until after flow results, then it should start to recover today and or into the beginning of next week as fomo kicks in for traders.
Tbh I am glad that the US seems to care about the results already enough to want to buy in.

Sefton, insane, absolutely insane, if you think a 1bn+ company is dependent on a single (quiet) bulletin board.

The end of March was for the testing of the BFF, both zones imo, upper and lower BFF. The lower one is the more important by a country mile. End of next week, possible the following Monday is very right considering how the testing has gone before. I.'e 14 days with bad weather, 10-12 with fair weather.

If it help,s a resource 700m by 310m by 310m would be the size of the current jorc.(roughly)
now if we put that into context with what has been announced so far.
Its about 1700m long.(at least, certainly longer)
The cross section of hole 21 (only picked because its in todays RNS) has the modelled depth of about 700-800m
It has the width of 200-300m.
It's obviously not quite as easy as calculating this, in some places it's thicker, you have an east and west side, multiple nodules and the cross section is bad at giving us the information, but it helps to demonstrate.

Most will be extra, for the simple reason that it rarely goes below 200m or so.