Ann: Investor Presentation - Hickory-1 Results & Forward Plan, page-18

The document is a mess, fact.

Great result which I do agree with you, but respectfully disagree with your comment that no one knew and if you have been a LT holder and followed PANR nearby successes and both the IW1/2 wells this area has a lot of oil. Most of us knew this prior to this well. I personally invested a heap as was confident re this well and was critical about the team within 88 delivering without a major mistake made. So many of us openly predicted success early last year, with comments like our best chance ever etc etc. As the late PB identified and proved this area previously.

The big issues were with 88 using poor 2D data and ultimately choose poor locations and stimulating in the wrong zones imo, then finally using too much nitrogen and flooded IW2 well with water with their 2nd drill. Oil has always been there, we just didn't have the right skillset at that time back then imo. Then 88 went off wandering around Alaska doing simple conventional drills a long away from this lucrative area. Some of us here have been saying this for years to 88, get back here. It was PANR imo who waved a big flag saying to 88 over here guys, PB was right. Now we have oil. That's the story of 88.