Member Info for tonynorstrom1

I take no pleasure in fellow investors losses - but James is clearly a charlatan and its worth pointing out to any newer readers here.

"A great entry price , significantly undervalued and way oversold. If you haven’t invested get in there !!" - This is all that James has spouted for the last year and a half as well as the millions of shares he has bought - imaginary shares I might add.

The quality of the posting has gone significantly downhill here - If James wants to add any value - why doesnt he tell us about the pressure build up test and what its likely to reveal - anyone who has truly bought millions of shares might have a bit of insight you would think - wouldn't you?

James - excuse me for pointing this out - but you were saying the same thing when PANR were at over 30p. I'm informed that you have made equally bullish pronouncements over on the MET1 board. A cursory look at the MET1 chart indicates that you are batting nearly 100% in the Contrarian Investor Sweep stakes i.e. if someone were to take an opposing position in whichever Company you are pushing - they would probably be doing pretty well.

Anyway - keep up the pump - at least it brings a wry smile to some faces!

You’re not doing anyone a favour James since you’ve been here’s posting baseless ramps. Why are you wearing a huge smile across your face and I’m still waiting for you to explain - “the bargain of the century nonsense”

FFS James - please. If your previous posts are to be believed - you’ve lost your ass! Why would you have a silly grin on your face?

Been my best holding over the last couple of years - 60% up along with a handsome dividend. It appears to be a pretty well run, relatively low cost producers with low decom liabilities and significant tax shelters. Also ideally positioned to cherry pick assets. With the recent acquisitions and potential further M&A - £5 anyone ?

This was you one month ago:

“ this co is a massive con . A lot of holders have lost serious money . Even Jay decided to call it a day . Couldn’t get any worse !”

It’s hard to take you serious James - perhaps you can explain what has changed in the last month to make this a once in a lifetime time opportunity.

I don’t think you could argue very strongly that we’re in a better place that we were last year at 70p though BricksSS will probably disagree. last year we had:

1) Megrez - almost a cert or so everyone thought - 6 or 7 independent horizons we were told - now producing more water than Niagara Falls!

2) Alphun - another cert - not dead we are told but the market is telling you what it thinks.

Please explain why we are arguably in a better position .

What the people who have sold PANR down to 8p are realizing that your clearly are not is the gas will sell at around $1 per mmcf - have you done the maths - it appears not !

BricksSA will no doubt love your post - it has the right amount of ramp with a cherry on top.

For balance now before Bricks accuses anyone of deramping - PANR have said they have not finished with the well - its not over. But I think its factually correct to say that the "show me well" still has to show me !

No - that's about it for me now Bricks. If it was a deramp - perhaps you can clarify the offending comments in the interests of balance.

"The BOD did not suggest any uncertainty of going back in spring to flowtest at all." - Not sure that is correct - pressure build up test, core samples and further analysis may guide them differently. The current plan is to go back but that is not the same as saying there is no uncertainty. Max clearly stated that the current results are "not what we wanted, but what we have". The fact is that the well was expected to have flowed more oil by now - they drilled in what they thought was the optimum part of the reservoir and we were told that the reservoir is higher quality than fields like the Permian. Its not impossible that the well could till flow back commercial quantities of oil, but researc telle me that the odds are now less likely that was thought prior to test.

"There said they have no plans or need of raising." - Therse's no immediate need but in the absence of a farm in partner or success at Dubhe 1 - capital raise wont be far off and at what price.

"9p is ludicrously cheap, almost regardless of what the results of this well end up being. The huge drop imo reflects investors deciding to take their money somewhere else until nearer the spring." - Its not 9p, its closer to 8p. What I would say is that the market cap is ludicrously cheap, but if they dont find a farm in partner and Dubhe 1 is a duster - then the have to raise and dilute then its less clear how cheap 9p is.

"They all 3 came across as very relaxed and confident about it all." - Thats a very optimistic take - what else did you expect from them - Max already said "not the result they wanted"

About the only thing I agreed with in your post in what otherwise may be considered quite rampy is that there could be something going on in the data room with regards to Kodiak.

"it was 200% higher 30 days ago.. and all that had changed is.. they are now DEBT free"

The SP tells you that something has changed - perhaps not so wise afterall !

"I still would be surprised if we don’t test the high 9s by close today" - on what basis scmdcyp ???

No one is falling for your spiel James !

This article is obviously written by an "expert" on the subject matter and talks about the mechanics / geology of flow path / flow. It touches a little on gas hydraulics but as far as I can see does not talk about frac sludge or water block that can both impact flow tests.

So in my humble opinion - it was a reasonable question to ask on whether there are other factors at play why we don't have a confirmed oil rate yet. We are now at about week 7 on the flow test.

For someone that doesn't know what they don't know - maybe it's that simple !

Its a reasonable question Blackadder and just because you dont have the answer - it does not make it drivel.

Drivel imo would be plucking a number out of the air and saying that the chances of a successful flow test is 75%-80% - how was this calculated

I think that is probably right but the "more people" in this instance may not be right ! Just listened to the proactive interview again and I think i'm slightly more optimistic now than I was when the RNS came out. I did a little research on the wells i3e drilled in the Simonette in Canada which were in tight reservoirs not too dissimilar to Dubhe 1 and in similar weather conditions. This is what I dug up:

8–12 weeks clean up to flow test result is quite common in tight reservoirs like Simonette, especially for long laterals with large fluid volumes.

Why this range is typical:

• Reservoir tightness: The Montney/Doig formations in Simonette are low‑permeability, liquids‑rich plays. Cleanup is naturally slower because hydrocarbons don’t displace frac water quickly.

• Large fluid loads: A 10,000‑ft lateral with multi‑stage fracs often pumps 8–12 million gallons of fluid. Recovering even 20–40% of that volume takes weeks.

• Conservative choke management: Operators deliberately slow drawdown to avoid sanding out or damaging the formation. This extends cleanup but is standard practice.

Benchmark comparison:

Simonette (Montney/Doig) = 8-12 weeks

Permian = 3-6 weeks

Eagle Ford = 2-5 weeks

Duvenay = 8-12 weeks

Takeaway

In Simonette, 8–12 weeks is not unusual — it’s the norm for tight reservoirs with long laterals and multi‑frac designs. Faster cleanups (4–6 weeks) happen in higher‑pressure zones or with optimized drawdown, but the majority of wells fall into the 2–3 month window before a stable flow test.

Dubhe1 clean-up commenced around the start of November which puts us at about week 6-7. Couple this with PANR's comments "still within the envelope of expectation" and "we remain as confident as ever in the outcome of the well" and "oil has gradually increased er through time"

I'm quietly optimistic that we could have a 2x3 bagger in the next week or so and much higher in the coming months if PANR progress as many anticipate.

" I was thinking along the lines of for analyses and in order to prove commercial viability" Lol - no you weren't Bricks - you were thinking along the lines of capturing all the Gas i.e. no flaring as you referenced and you being one of the resident experts here - its disappointing to hear that you don't know that.

"And when they are doing this sample collection no flaring is evident correct" - no not correct, gas comes out of the separator into the flare line and they will have flow meters and sampling nipples/bombs to draw small sample from the gas stream without disrupting the flare.

The permits were never in doubt - not with the backing of Trump. The more difficult step is the funding - atleast $12B of it and that's the old estimate. Lets hope the FEED has not significantly increased the number.

I dont think so - there probably thinking what the f@ck is Bricks talking about - down 10% in a week, 20% in a month and 30% in 6 months !