Thread by @Scot126126

#panr $pthrf @Josh_Young_1
What else did we learn from today's RNS?
A) the 30 stage frack of the Alkaid-2 lateral was completed over the weekend. Thus insider sales announced last week (c.11% of the three directors' combined gross exposure to $panr's equity)...1/

...occurred during a period when flow testing had not commenced. Thus the company's lawyers and Canaccord (UK NOMAD) signed off on the sales. I fully appreciate the wisdom/timing of the sales is a fair debating point but the whole "those dodgy... 2/
$panr $pthrf #panr

...directors *must* have seen the initial flow rates" can now be discarded as a working theory. Fact.
B) Those who listened to the April and May webinars this year have been aware Schlumberger has been working for months on a 3D visualisation of the various $panr reservoirs...3/

...to enhance the dataroom process. The Josh Bros *need* to have a good think about this. In order to complete their task the Schlumberger scientists have been given access to all of $pthrf's data. If Schlumberger uncovered evidence of, say, the reservoirs being...4/
#panr $panr

....full of Diet Coke rather than light crude then surely the work stops and Schlumberger, if they ever want to work there again, informs the Alaskan state regulator immediately? Therefore we can now add Schlumberger to the growing list of *independent* external...5/
$panr #panr

...parties who have had full access to $panr's data and have verified its accuracy. NB this does not guarantee a successful investment case. What it does prove, however, is that those who continue to allege fraud on the part of the #panr BoD *without a scintilla of evidence*...6/

...must now accept that Schlumberger, AHS Baker Hughes, Lee Keeling & Assoc, eSeis and Dept of Nat Resources in Alaska are all co-conspirators in this alleged fraud. I studied Law and not Criminology but I contend the opportunity to commit a successful fraud decreases as....7/

...the reliance on a larger number of co-conspirators increases. Josh may not concede an inch but it's time for his objectively-minded observers to accept that >23 billion barrels of Oil in Place is undoubtedly present in #panr's stacked reservoirs...8/

..and that the BoD are not lying. The perfectly honourable position of stating that a potential investor has not yet seen sufficient evidence to determine the commerciality of the asset remains. Happy to stipulate that. But be under no illusion, if and I repeat if..9/
$panr #panr

...commerciality of $panr's Alaskan acreage is proven, then #panr will have discovered the second or third largest conventional oilfield in US history. Such an asset would be valued in the tens of billions of $. Not there yet, but that's the upside risk to this equity IMO. /end