Older and Spiney also agree, well said. Quality postings once again guys, appreciated. I have been looking over all PANR results/data which is exceptional and the direction change of horizontal is warranted.
Just inspired by what company can do. It’s a great story. Remember when they were FO partner walked 2 wells ago called it a dud, no need to wait any longer. Plenty here where shown lacking as was 88 in my opinion who kept spinning this well. I can just imagine what the next spin will be with the other 11% of this massive oil field by PANR.
My concern is now given the oil field direction, why would PANR bother to FO with 88 for such a low return. Surely their focus is on their own massive area now. They will be earning massive $ once they start production.
Best to wait and watch 88 collapse if after another well failure happens and take all as they would have a huge cash balance in next 12-18 months. That’s what I would do if I were PANR. Certainly would happen imo if 88 had consolidated and actually have quality oil tenements as they say they do with the poor survey data lol.
Maybe that’s why they haven’t consolidated and continue to let the SOI grow out of control as a form of protection. Food for thought thinking outside the box guys. Or am I ramping again lol.
Surely sensible posters could see the potential of this situation could happen, just saying. We are one more go it alone well failure before this could potentially happen imo. Money isn’t unlimited and guaranteed when performances and sentiment fails. Interesting times ahead the way I see it. GLTA.
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- To date the oil-in-place volume is estimated at 23 billion barrels
To date the oil-in-place volume is estimated at 23 billion barrels, page-94
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