Member Info for tonynorstrom1

KingJonPutin - so this is what your said on the 29th April prior to the RNS today:

".....Any hint of dust, and this will be straight into the low teens! Anyone saying otherwise are deluded."

So the SP has predictably taken a battering, but it is currently someway off your low teens prediction - so would you call yourself brilliant or deluded ?

Also not sure about your claims on integrity issues - PANR have certainly not got things right so far so I can see that some will be questioning their credibility but integrity? Perhaps you should check out the meaning of both words though I'm surprised you would need to being so brilliant.

I have read it several times and one thing they did state is that they don't know whether "Oil Wet" applies to all horizons. I believe they also state that the next test could be the last which i'm reading as Oil Wet is a possibility in all horizons which would not be helpful.

I think what they are saying is that it looks like they have an Oil Wet reservoir and these are trickier to get flowing than a water wet reservoir. There are things they can do like CO2 injection but the're probably not set up to do this.

I believe they said they would announce when the "Fracking Rig" would arrive. The workover / drilling rig was already at site.

This could be a bottom now for the share with pessimism over Megrez maybe now baked in. Perhaps the path of least resistance is now up with progress on the development program and demonstration well ? And who knows we might a positive result on the next Megrez test!

Abacus - you used the word Anal in one of your previous posts - I found the following definition on the internet. Does it remind you of anyone ? Clue - look in the mirror fella!

Anal, also known as being anal-retentive, an anal personality is thought of as someone with an extreme need to control their environment or situations. A person with an anal personality will also have an OBSESSIVE attention to detail (even NON-essential details) to the point that it might ANNOY others. …

Https://oilprice.com/Energy/Energy-General/The-Return-of-Peak-Oil.html

I think this is another long term tailwind and good news for Alaska.

For those that are interested - look up the following company on the internet - they publish a free quarterly newsletter covering commodities - particularly Oil, Gas, Gold & Uranium - they've been forecasting peak oil for many years and its some of the best research out there. Also peak gas as a lot of US gas production is associated gas - also good news for Alaskan gas

Goehring & Rozencwajg

Natural Resource Market Commentary

I don’t necessarily agree with a reverse split - strong companies do a share split and weak companies do a reverse share split and PTAL is not a weak company. Many companies often don’t do well after a reverse split probably because they are weak. I think a much better course of action is a meaningful share buyback.

Someone mentioned Gran Tierra (I think nana head) as a good example of a ⏪ split - I think it is but if you compare their 12 months sp performance to PTAL - PTAL have out performed GTE by about 15%.

Simon - I'm not really that interested in your holding but you mention how many shares you have every 5 minutes so its hard not to be aware. A couple of observations son:

1) I've not seen before anyone that has a multimillion pound holding in a company know apparently so little about it - "Smashing it", "Bargain" ,

"Fantastic opportunity to get in here at these rock bottom prices." - this is pretty much all you have to say - nothing insightful at all.

2) I know a few multi-millionaires - they generally dont post on forums like this - the're too busy and if they did, they would have something a bit smarter to add than you do.

just saying!

SimonJames:

On the 14th of April you posted this :

"Temptation was too great . I have purchased £64,383 shares this morning averaging 30.28"

So you are holding 50m shares or so - i'm losing count since you are buying so many shares daily. But today you post:

"I’m averaging 26.2"

The maths doesnt add up - if you look at the graph since the 14th April - the SP has averaged probably 34p or more - how is it you average has gone down - I'm beginning to think you are telling porkies!

It was about 3 years ago when the shares reached there previous high of about £1.44. But your also need to bear in mind the share count was about 30% less so adjusting for this and all things being equal - the comparable SP would be about £1.00.

But things are not equal - we have Megrez, a solution for the formation gas and the possibility of Helium - so difficult to figure this all in and come up with a target SP.

Are you invested here Stas or are you trading?

On the other hand Stas - you could say the upside is at least as much if not more when the sp was over 70p

You should have said earlier Superk - F@ck - im off to the bank now to re-mortgage the house and load up here !

Who's it highly recommended by ?

Decent call yesterday - pity they dodge some questions - specifically the size of the share awards.

Hey Nana Head - Nice set of results today and a nice little tick up on the SP - what do you think ?

Sometime back PetroPeru owed Petrotal quite a bit of money for Oil stuck in the pipeline. $70m seems to stick in my mind - whatever happened there?

It all sounds a bit Alice in Wonderland to me - the company has a NPV-10 target of $7B by 2028 I think - of course that ignores the potential upside of Megrez and also the potential to expedite the EIA and bring the Project significantly forward.

I assume you are talking potential share price which in your estimation puts the target market cap in the $7.5B to $15B range.

One thing you appear to be ignoring that the Company is not - is what the potential dilution looks like by the time we reach the end game. There's still a lot of stuff to fund such as the hot tap, demonstration well and several years of SG&A even before the capex requirements to get to 1st Oil.

"£2+ is the more immediate valuation, likely by the end of 2026. I say this because I would put an almost guaranteed likelihood of the gas pipeline being sanctioned this year."

"Guaranteed" - I'm not sure - the tail winds are certainly very promising but the FEED is not done yet - one of the primary outputs of the FEED is a cost estimate. The pipeline is already expensive and the cost that's being bandied around is based on old data - what if the FEED comes up with an estimate of $15B ?

Anyway - I though you said you were going to share some knowledge - what is it ?

Excessuss - fantastic - you've given us your opinion, now what knowledge have you got to share ? Great to see fellow poster willing to do this !

So what do you think it will get taken out at ?