is...SURFING THE IHUB
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name appeal works,,,then Claudio takes over
hearing good stuff about this company
must be bottoming and being loaded up
TODAYS CHART PROMISES MORE TO COME
imo dilution without news is not co.,,is mm's selling FTD's
mostly always hide available for sale is umlimited
orders filling at ask,,,not halfway tween bid/ask
him no-speak Scottie
it is a new week,,, woooohoooo
WHAT A BASH,,,PEOPLE LIVE AND "LEARN",,,even at worst and what can others claim, and verify
if posting specific about bankruptcy,,,best have real facts,,,
everybody here having fun ????
there are all types of dumpers,,,buy & hold here
go Scott go
he never once filed bankruptcy,,,just closed doors
money being tight is unknown,,,just board talk
they going to surprise all naysayers
700k volume with no change in pps
when it's springtime in Alaska,,it's 40 below,,or 60 below
the latest news is out,,my last post
anyone reading this??
$88E $EEENF #Alaska #oilandgas #88E #EEENF
— UFO Pilot (@GeodesRock49) January 30, 2024
Article in O&G Journal
88 Energy Ltd. identified 2024 activities in Namibia, Alaska, and the Permian basin in its 2023 fourth-quarter report. https://t.co/mFVS5GokmY pic.twitter.com/t2SqCRWX47
maybe little longer,,,,we'll see
timeline on that reasoning is short,, 3-4months would be a guess.
did someone buy 200k shares???or are mm's balancing phoney trade volume looks
I believe, we wait, something good coming
this info for several service providers and funding, my copy and paste does format right when pasted,
but link is here and scroll to page 29
https://ih.advfn.com/stock-market/USOTC/kisses-from-italy-qb-KITL/stock-news/93050823/form-s-1-a-general-form-for-registration-of-secu
Selling Stockholders
Beneficial
Ownership
Before the
Offering(1)
Number of
Shares Being Offered Percentage of Ownership After the offering
MacRab LLC (7) 73,356,584 (2) 73,356,584 0%
Jefferson Street Capital LLC (8) 15,500,000 (3) 1,000,000 *
Firstfire Global Opportunity Fund, LLC (9) 13,600,000 (4) 1,000,000 *
GS Capital Partners LLC (10) 14,362,500 (5) 862,500 *
Coventry Enterprises, LLC (11) 15,512,500 (6) 862,500
slide background picture, look at the Ponte picture
check his profile,, click on background picture
he didn't remove, he just added a picture,,
repeating this was your 2nd post,,,I placed my first order in on this stock today. The proven reserves are there and it can be making money at $30 a barrel, which beats the hell out of most companies today.
are you up to date on PTHRF news
PS1/ Upgraded IP30 and EUR numbers for an Ahpun production well are based on the successful re-completion of Alkaid-2 and flow testing of the Shelf Margin Deltaic horizon which displayed permeabilities 100x (!!!) that of the deeper Alkaid zone.
Scot126@Scot126126...newly acquired acreage plus improved reservoir properties => increase in scale *and* improved Recovery Factor (RF).b) NSAI IER on Ahpun oilfield due to be published by end of H1'24. IER will incorporate newly acquired acreage *and* Schlumberger dynamic reservoir model. Importantly, the Ahpun field IER will be assessing the Ahpun development plan also. Expecting upgrades to recoverable resources and RF. Key event.
c) Timetable to US listing described, likely NASDAQ.
d) Material upgrade (>100%) to modelled Ahpun well IP30..moving from 1500-2000bopd to 4000bopd, with average daily production in first 12 months of 2000bopd. ***New news***
e) Effect of upgraded well production model is to *reduce* by half the cumulative cash outflow in #PANR's iterative Ahpun development model....from c.$300m to c.$150m. f) Within 7 years (2033) of start up production, #PANR expects to be producing 200k-250k bopd into TAPS. working closely with State of Alaska Dept of Natural Resources on this plan.
g) Exec Chairman: "...on track to announce first" .."tranche of non-equity funding by end of Q1'24. Expect to announce full suite of finance to first production at Ahpun by end of H1'24." *Confirmation of previous guidance, no slippage.*
h) 50% of the Kodiak oil field is classified as "conventional" in reservoir character.
) *New guidance* An Alaska North Slope crude price of $45 delivers a 20% IRR to the Ahpun project. Stacks up incredibly well (superior) v's other North Slope projects.
j) Likely location for next Ahpun roadside pad identified and partially permitted, named Megrez.
) NB for the sceptical. "The development plans incorporate data already collected, ***NEVER*** better than collected." New Exec Chairman, David Hobbs, is determined, rightly, to be conservative.
l) equity market currently valuing each #PANR recoverable barrel in the ground...
.at approx US10c. This compares to Armstrong/Oil Search deal when POO was $55 and each contingent barrel was valued at $3.10. Market implying 3.2% CoS of PANR's two major oil field projects v's Pikka.
Opinion: market hasn't given sufficient weight to...
..external validation provided by Netherland Sewell, Schlumberger, AHS Baker Hughes, eSeis, Lee Keeling & Assoc, SoA DNR & GeoMark. A 3.2% CoS v's a project requiring upfront capex in the billions of dollars is, IMO, plain wrong.
Worth remembering from the previous webinar formal confirmation that "...5 or 6 of the usual suspects (oil field service firms) have signed NDAs and are currently in our dataroom."
*If* vendor finance or offtake finance is secured, the shorters will be crucified.
Absolute upside risk is staggering. Management's aim is to achieve $5-$10 per recoverable barrel in the ground. Current OIP is 22bbo, RFs (primary only) of 10% and management telling market to expect upgrades to OIP, TRR and RF.
PS1/ Upgraded IP30 and EUR numbers for an Ahpun production well are based on the successful re-completion of Alkaid-2 and flow testing of the Shelf Margin Deltaic horizon which displayed permeabilities 100x (!!!) that of the deeper Alkaid zone.
PS1/ Upgraded IP30 and EUR numbers for an Ahpun production well are based on the successful re-completion of Alkaid-2 and flow testing of the Shelf Margin Deltaic horizon which displayed permeabilities 100x (!!!) that of the deeper Alkaid zone. #panr $panr $pthrf #pthrf
— Scot126 (@Scot126126) January 25, 2024
The Company shall not and will not enter into any other equity line of credit agreements with any other party, without Investor’s prior written consent;
· [u]The closing price of the Common Stock during each of the six trading days immediately preceding the respective “put date” (as defined in the Purchase Agreement) must not be lower than $0.10 per share;
· The price per share of Common Stock shall be ninety percent (90%) of the average of the volume weighted average price of the common stock for six trading days following the clearing date associated with the put notice delivered by the Company to the Investor. The minimum amount of each put shall be $10,000 and the maximum shall be the lower of 200% of the average daily trading volume and $250,000;
· The Company’s sales of shares of Common Stock to the Investor under the Purchase Agreement are limited to no more than the number of shares that would result in the beneficial ownership by the Investor and its affiliates, at any single point in time, of more than 4.99% of the then outstanding shares of the Common Stock; and
· Pursuant to the terms of the Registration Rights Agreement, the Company shall file a registration statement with the Securities and Exchange Commission (the “SEC”) with respect to the shares of Common Stock issuable to the Investor pursuant to the Purchase Agreement and the Warrant Shares within 60 calendar days.
shares presented for funds for operating expenses and growth
accumulate now? I'm going to,,,transferring funds first
follow the links tracking to this and comments saying what's up
Looks like operations are over at #HE1 https://t.co/LkWpNfdOMD
— Oilman Jim (@Oilman_Jim) January 24, 2024
MacRab has 7.5 million dollars of shares to work through, this will take a long time at these prices
they won't buy a lot at a time as it pushes price lower when selling,
they acquire at a value of 90% of previous 6 days average price
anyone have an idea of the math and figuring out how long that will take ?
assuming 4.99% of 336,763,187 can't be held until that is the last of their purchase.
then the selling stops from them and pps can increase normally.
when did MacRab sign this deal, make first purchase and this price drop starts
assuming with drops happening while selling they will actually lose until
they are down to the last of their share acquisition.
they will want pps to be really low so they can hold that 4.99% until it will make up losses and turn a significant profit.
my math is good on basic numbers, not on complicated with variables.
SO, THE MORE WE INVESTORS BUY RIGHT NOW, THE MORE WE SUPPORT THEIR PROFIT
WE ALL NEED TO MAKE SMALL BUYS, WAITING UNTIL PPS TURNS UP
THEN LOAD UP AT THAT BOTTOM TURNING AND RIDE THE WAVE
WE ARE IN A COMPLICATED JOINT EFFORT,,,WITH MACRAB,,,
ANYONE WITH COMMENTS WE CAN GET SOMETHING ESTIMATED ???
READ THE MESSAGE I'M REPLYING TO FOR ADDITIONAL UNDERSTANDING
at present OS they can hold approx. 17 million + shares. asuming this becomes
bigger chain franchise and pps goses to multiple dollars, that's a lot of potential
for their $7.5million funding
OUTSTANDING SHARES, , ,336,763,187
all stocks have lows on OTC, LIVE AND LEARN