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In the presentation they said 80 bopd in a vertical well for the SMD at talitha would equal 1200bopd in a long multi crafted horizontal. So I can't see it being much different. Imo.

From this week.have just been released.

I've booked in on the screen, to Me this looks like a lwd log with the oil section showing.
Any thoughts?
https://mobile.twitter.com/IcebergShares/status/1497208476468133892

Totally agree, oil stocks in the safety of the US is probably as protected as your going to get.

Well we know the slope took 2 weeks to test but that was during the a spell of very cold weather that slowed everything down massively.
The SMD might well get more testing than the slope, ie more than 3 days. They will want a good handle on the pressure and will want to optimise flow somewhat.
At least a week imo. Could be two but some guidance from the company re what sized test window would be nice.
Equally just to add they might throw a quick rns on Monday saying “wow look at us, this has just flowed at 250 bopd ! We are now going to do some long runs with a tighter choke and will let you know what we find.”

I agree, they hinted at the size re talitha, dalton, alkaid. We also know it’s under the SMD. (Probably most of it as it’s a similar geological play only earlier. )
But panr are too responsible.
The hint is clearly a zone flowing that contains 200-300m barrels. But confirmation would be nice.

A shed load of buying in the last 10 mins...
What we've seen is the market makers gatheringshares, then as soon as the US woke up, the share rises and those shares that were once in the hands of traders or profit takers have flown across the pond for their ownership.
It looks like they want to grab everything below 140 before letting lose to the next level.
Imo

I am not going to use the thread title he gave it, but why on earth would a lab have gone backrupt! It's literally a license to print money. Bizarre.

It's pretty standard for O&G company's imo. But it's not over regulation it's under regulation. Small explorers can print all kind of dodgy stuff thanks to nomads that don'tgive a moneys.
The market has learnt that anything other than a 100% success with flow rates, means nothing, because 90% of the time it means nothing and it just a company trying to polish a dog mess so they can pump the market for a placing and get the salaries for another year based on greedy dreams.
The market is kind of learning that panr is different. It really has a world class oil find worth billions and the company really does mean what it says in an RnS if anything is conservative.
The market wants to believe but is weary...

My understanding is that the hole is actually a production hole in the centre (bullseye) then multiple rings out from this (like an archery target). Each ring will have to be cemented, with the outside casing keeping everything safe and secure. There is no way the central production hole will be cemented, and no way it will be redrilled.
It's just false to suggest that.

Funny how the new folks are kind of ignoring the positive aspects of a major new zone containing oil.

Mixed update.
Major success that the casing has been set.
Major success that cement has been set.
Major success that testing will happen and quickly (next week).

Slight issue that too much cement has been used (idiot). I can't believe it's too much tbh, they would realised pretty quickly that they were using far too much cement, more than planned, but id much prefer a successful casing with cement problems than still be waiting to see whether the casing has worked and whether the hole might be unusuable. Thank goodness that's not the case.

Is massive news, that it flowed wasgreat, that it flowed so much from two small sections and at top quality oil. Amazing.
Makes the Smd more likely imo, but the Slope is bigger and since we counted it as nothing, we now get 200-300m barrels for free.
Talitha has already proved a massive success.

Cement.....you just can't away from the troubles it causes...

As expected it is a little better, but this weekend is still planned to be the end of the cold weather and wind chill (-40 or below). From Monday this should be left far behind with coldest wind chill temps of -25 or so. Considerably warmer - relatively speaking.
So the cas ing and testing of theta shouldn't have any weather problems and the testing of the SMD should be straight forward.

I really quite like the two zones in the slope, a quickly elevated log re moveable oil, looks pretty good to me, anything flowing would be nice, but >20-30 bopd and I am very excited for the SMD and increased potential.

I am not an expert, but I can't see how it isn't pressured, at least moderately. It's updip, the source rock is good and they obviously have oil already in the hole, as they have identified light oil.
If it doesn't flow quite as expected (which i think it will >(80-120bopd)), then it simply means the pressure is located further down dip, the market won't like it be it still wouldn't be a failure.

There are various methods, not sure whether they would work, and pretty sure they won't be needed. But down hole pump if the pressure isn't high enough for the oil to come back to surface (they might be doing it already). Water injection maybe?
Back to 136p to buy ..alway s comes back up in the afternoo n.

Just my opinion, I don't think they have abandoned 14, the geo logs were useful and interesting. But I dont thinking assays really tell us much now, as we know where the second porphyry is.
I do think Colin should have told us.The
Cheers

're 14 - since it was a drill to determine the location of a second porphyry, my assumption is that they deem it superseded by 35 etc. I am not too much will be gained now.
Although the lack of information is frustrating...

The plan is to:
continue testing the Slope then SMD at Talitha
test the two zones at Theta.

New reserves will be calculated defining barrels held.
Production drills at Alkaid
Production plan for SMD (near Talitha) Production plan for the LBFF (near Theta)
Probably like Alkaid, drill a production test hole for each zone.

Of course the alterative is a farm in like the one that was offered for 10 digits, but better, in which case it might be xxx company taking over the production plan and testing for x billion and a 30-40% stake.
or
The company is taken over

Every stage adds billions to the takeover value though.
Willow has huge problems and tbh the LBFF is is a much better position, so it's difficult any of the north slope majors will just watch panr take this to production, leaving all of them with inferior projects.

At least IMO,

I am not sure it's been understood how difficult it is to tell you have over 1000ft of "high quality light oil encountered across the entire section." Without open hole logging. IF the reservoir was marginal you simply couldn't make this kind of statement, also to describe the reservoir as being superior to the fully logged talitha just using lwd would indicate a magnitude better.
It seems obvious that the cold weather(so cold humans can struggle to survive) combined with a less stable upper section gives them two options, the first is to clean the hole to enable open hole logging, which carry 's a degree of risk, or to simple skip that and concrete and case the hole, then perform cased hole logging.
There isn't much the open hole can give you except cuttings and fluid samples. But if they have so much evidence of light oil flowing anyway, it becomes largely redundant. Especially if you're going to flow test anyway, by perferating the casing and fracking.
All the decisions indicate how confident they are.