Dec. 13 at 8:24 PM
$PTHRF
I know there’s a lot of anxiety, stress swirling around the boards over the last few days with the recent dip in PANR’s share price following the Dubhe-1 update.
It’s tough to watch the shares slide, especially when we’re all so invested in the potential here. But let’s take a step back, breathe, and look at the bigger picture—because there’s plenty of reason to stay optimistic.
First off, delays and cost overruns are par for the course in oil and gas exploration, particularly in challenging environments like Alaska’s North Slope. The
$8 million overrun on Dubhe-1 (bringing total costs to around
$33 million) isn’t ideal, but it’s largely due to smart decisions: drilling a pilot hole to gather more data on multiple horizons, which has already added an estimated 200 million barrels to our resource base. That’s real value being unlocked! Plus, contingency measures and some inflation pressures are just realities of the industry. Importantly, the company
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