AXT............ Should move considerably this week.
London listed PANR were up 15% on Friday. ( AXT own 7M shares or 3.5% of the company)
PANR's VOS#1 flow-test result is due out this week, many think it will be Monday AM.
This news will move the share price significantly either up or down (given that testing has been ongoing for a number of days its unlikely that the well is uneconomic).
The pre-drill estimate for the prospect was 55 million barrels of oil equivalent. However following comments in a TV interview since the well reached TD, expect that number to be on the low side. PANR have a 50% interest in the prospect.
There operating costs are going to be extremely low and all in costs are put at under $5 per boe.
