Substantially Undervalued, O&G Situation in play, page-167

Straykiwi,

PANR are down over 50% from its recent high's.

This mud issue is slowing things up, people don't fully understand the situation. Yes there is an issue with this particular wellbore because they used too heavy a mud, which went into the formation. When they flowed the well, the gas going through it, de-hydrated it turning it effectively to concrete.

What the well proved before that happened, is that the Kara Farms mini basin can produce commercial quantity's of hydrocarbons, thus we have additional P1 P2 & P3 resources to those found at West AA Wells, probably 75 mmboe+

Just a case of riding out the storm, the overall story's still the same, probably better than before, just need to wait on them fixing the well & then an update on the next round of drilling & how its going to be funded.

LOTM