Member Info for WorldWidePleb

Does anyone have a link to the article?

Does anyone have the general break down of revenue earned per month by each government. Obviously Kurdistan is the hardest hit. Debt was already high.

At some point this is a zero sum game for Iraq and Turkey also.

P12 is an interesting read.

Wages and salaries up from
- £640,264 in 2021
- £1,539,776 in 2022

A 140% increase! What are they doing? LBE hold slitheres of NON OPERATED drills...

Then the pensions...

£344,924 in 2021
£694,139 in 2022

Well I guess it is an achievement of some sort to bring the share price down from 63p + to it's current level in just over a year.

If Helge had taken the money and bought secondhand cars with it we’d be better off...

Of course he did p67.

Total take home for Helge for oblitarating value is... £375,525.

For a £5m company.

If Helge is going to give himself another bonus this year.

Now SOMO will market the oil and sell it legitimately to the open market, one would hope the discount narrows and the revenue skimming is abated somewhat.
Still no word from Turkey.

It took around 6 weeks for the first set of results last time. The first of three test intervals.

Reread the first result RNS again.

“We are very pleased with this oil discovery in the deepest sheet of the Herrera Formation, which demonstrates why we design our exploration wells to investigate prospects that lie beyond depths drilled by previous wells. Although we only tested 30 feet of net pay in the lower section, we believe the results strongly suggest that all the sands encountered in the intermediate sheet (270 gross feet with 71 net feet of pay) are hydrocarbon charged. This initial completion test was designed to evaluate potential natural gas volumes, and as such, the downhole assembly was not optimized for an oil discovery and test. At this depth, the larger tubing made it difficult to obtain a consistent crude oil flow rate but provided enough data to confirm the discovery of light oil in the well. Given Royston-1 is an exploration well with the primary prospects remaining uphole, we are excited to move to the next test intervals. The subsequent two production tests are in our primary zones of interest in the well as they exhibit higher resistivities on the wireline logs and cleaner indications of sand. The discovery of light oil at depths below 10,400 feet represents a huge success for us in this well and bodes well for our upcoming primary production tests."

For anyone who's been invested here for a few years it known that nearly every other drill here had technical problems. Difficult geology to drill.

Let's hope it's not the case this time.

As was mentioned before Scot. It’s all about recoverable barrels and debt.

Does PANR still have convertibles at 10p?

But imv three non-commercial discoveries, a ~£5m market cap and a ‘team’ of 16 people on massive salaries says it all, really.

Helge was going to get production when this had a market cap of over £50m and oil was cheap. ‘Too cheap’ apparently.

How did that work out? What's the chances of a share raise before q3 now? It’ll be catastrophic. 20p will be an all but distant dreamin that ocean of dilution.

If no government wanted anything from this it wouldn't have happened.

Who wants what? Who has leverage?

Until something is gained by a party then this will continue. No government could care less for GKP unfortunately.

Look at Kurdistan. GKP folds. You don't have to pay it anything. Take it over. Erase all debts and take all cash flows. Hopefully not.

Like I said a few weeks ago. How long is a piece of string. Who gains what, when and why.

It’s hard to say short-term iamrich. IMV TXP has been delayed to tears by government permits. Thankfully it’s now sorted and apparently future proofed, but many have jumped ship for other more (then) immediate ventures.

The current npv excluding Royston is given north of £2, without any resource upgrades on the hugely unexplored acreage which has already proved world-class in managements opinion.

The discount of over 70% to npv is crazy. I see that closing quickly once Cascudura comes online. If Royston comes in…. The discount to NPV could be huge, and when that closes?

I think if Royston comes in, then that will be a massive catalyst for getting TXP back on people’s radars. £1 + IMO. Then Cascudura online in Jun, potentially a good rerate higher. If they get what they want from further Cas drills end of the year and take it from 9200boed to 15000boed, who knows?

There’s also the new licence round acreage and huge exploration potential on the current acreage from FCF. Kraken - In the company's view would dwarf anything achieved so far.

It looks like TXP is just about to get started. The fact that it’s below a £1 is a gift to me. IMV People were paying £1.50 for less potential than what’s proved up and about to come online now 1-2 years ago.

IMO & DYOR

Best estimate is around 165mmbbls from memory Matt.

With all the twitter pumping going on, you’ve got to wonder who is persistently selling and why?

Thanks Joey. So testing RNS is still imminent.

I think Royston is being overlooked by the market due to many exciting drills out there. The value in Royston is huge.

165mmbbls.

Txp is already trading at a crazy 70% discount to the NPV10.

If they can buy shares, then surely the company isn't in a closed period... So testing on Royston can't of started?

Gkp recently issued a large dividend,indicating they didn't have a clue this was going to happen.

A silver lining is they have still have a large cash balance to weather the storm.

If any of the three parties involved didn’t want this, it wouldn't have happened. It will be interesting to see what the litigation turns out to be.

When will a solution be found? And what is the time value cost to the company?

*£204M