Hartleys August Research report valued Path Finder alone at 5.5c a share if wells could flow 350 BOPD
Today we got a 350-400BOEPD flow rate
Hartleys report
"Our base case valuation of 5.5cps for the Pathfinder Project assumes initial production of 350 barrels of oil per day per well. This is further discounted for risk to arrive at a valuation of 3.8cps. The upside valuation case is >20cps."
"Pathfinder C11-12 No.1 HZ well flows 350-400 BOEPD · Pathfinder No.1 HZ flows a combination of oil and gas (350 – 400 boepd) · Temporary shut-down to install commercial production facilities"
"“With this strong pressure flow it would be wasteful of time and resources to delay further for testing, so we will close in the well and install the ground infrastructure so we can bring the well to commercial production as quickly as possible."
Pathfinder area has shown proof of concept by flowing COMMERCIALLY but I think the problem is first today is T+3 from the first big volume day and second alot of people have done by the rumor sell the fact today
Never mind I managed to double up today
AKK Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
