If current Oil/Gas prices hold, ~USD55-60 oil, USD2.50-3.00 Gas,...

If current Oil/Gas prices hold, ~USD55-60 oil, USD2.50-3.00 Gas, the more likely Otto can fund any remediation costs for GC21 from cash/cashflow.
At current production rates, hedging, spot prices, they'd be earning around USD7.5-8m/qtr net of royalties imo.

The lockup date for our PANR shares is interesting. It could imply thats around the estimated timing for any GC21 remediation cash calls, and/or, provides a near term window for PANR to raise capital post Talitha without any overhang from Otto selling on-market ?

In PANR's case, they may want to drill the pilot production test well at Alkaid. They have permission to drill from a gravel pad adjacent the Dalton Highway, so the timing isn't weather/ice-road dependent.