Sånn var det, takk!

Det har en valgmulighet der de kan velge cash heller enn aksjer dersom kursen faller under USD 0,13 = ca 1,20 NOK.

https://finansavisen.no/nyheter/bors/2019/11/20/7474355/her-er-panoros-tall-for-3.-kvartal

Merkelig at FA ikke har kommentert Pen gode resultat?

Gabon:
"wider Hibiscus area to be Focus of exloration drilling going forward"
Dette gir høy sannsynlighet for Mupale, som ser ut som Hibsicus, men kanskje større det det ofte blir slik på Dussafu.

Ja, og hvis kursen faller under dette nivået får vi cash som kompensasjon, men totalt ikke mer enn 10musd. Var det ikke slik det var?

10M USD = 0,1449 USD pr aksjer (69 millioner aksjer). Men dette var vel før emisjonen, så vett ikke om det potensielt blir mer.

Altså har du 1 aksje i PEN så skal du få aksjer i Petronor tilsvarende 0,1449 USD.

- first ever dividend payment ($10 m in PetroNor shares in 2020, subject to completion)
- gross debt substantially reduced 2020-2022
- after tax operating cash flow in 2022 and beyond ~$40-50 million pa (before capex)
- upside to above asset performance assumptions

Tunisia(denne var spesielt fin ;) ):
"Panoro has now formalised the drilling plans for SMW-1 including the well planning, location and approvals for drilling. Amongst these approvals, the Environmental Impact Assessment has now been approved by the ANPE and the well location by ETAP. Contracts award and negotiations are ongoing with the rig contract now signed with CTF, the Tunisian state-owned drilling company, for Rig-06 and piling operations in progress on the well site. The well is expected to spud in early 2020."

Gabon:
"wider Hibiscus area to be Focus of exloration drilling going forward"

Tortue vil gi mellom 1900-2000fat/d til PEN fra Q2 med mulig oppside hvis de kommer inn over estimat.
Kraftig reduserte kostnader( Total field operating costs including Ruche Phase 1 are expected to be USD ~10 per barrel excluding royalties and taxes at current FPSO capacity)

Samlet:
Tunisia vil gi 1500fat fra januar når workover er fullført + 1000fat fra Salloum = 2500fat/d.

Dette vil gi en samlet produksjon på ca. 4500fat/d eks. Aje om ikke mange måneder. Dagens produksjon er ca. 2500fat/d. Justert for kostnader er dette en dobling i løpet av de neste 6mnd!

Tollow:
"Tullow i avsluttende dokumentasjonsfase".

Presentasjonen: https://mb.cision.com/Public/399/2968461/8c1657a7fba5a9ad.pdf

Det som er så spesielt med PEN nå er at for Dussafu produksjonbrønnene som skal tilkobles i Q1 og Q2 - kommer det tilsvarende cash flow kjapt som bare det. Skulle nå denne Salloum-brønnen tidlig Q1 også bli sukesess ala tidligere som boret, blir det knakende bra.

Poenget er at PEN kan forventes økt produksjon innen noen få mnd. Tidsfaktoren i seg selv og vente på snarlige news (økt prod. og inntekter) er et aktivum for selskapet og aksjonærene.

Etter hva jeg kjapt kan se, innhold i Q3-rapport, som må anses som mer enn tilfredsstillende. Hadde ikke forventet blå bunnlinje, et lite krydder her altså.

For ikke å snakke om estimert profit AFTER Tax på USD 40-50 millioner fra 2022! Begynner å bli lavt priset denne sjappa nå.

Webcast presentasjon kl 9:00
Tilgjengelig her: http://view-w.tv/819-1577-22787/en

Der er også mulig å legge inn skriftlig spørsmål.

John Hamilton, CEO of Panoro, commented: "Our transformation into a well-balanced and diversified E&P company is reflected in our strong financials year to date. Full year results will strengthen this trend with a particularly active 4th quarter lifting schedule anticipated.

Dussafu Phase 2 production drilling is underway with the next step up in production occurring during the first half of 2020. The sizeable Hibiscus Updip discovery is now to be incorporated into Phase 3 at Dussafu and will bring production capacity beyond the current FPSO nameplate of 40,000 bopd. A new exploration drilling campaign will also feature during 2020.

In Tunisia further production optimisation initiatives are ongoing and we are progressing with the spudding of the Salloum West exploration well in early 2020.

We expect to complete our divestment of our Nigerian subsidiary to Petronor in 2020, which would allow Panoro to pay its first ever dividend in the form of PetroNor shares to be distributed to our shareholders.

We look forward to realising the inherent organic growth in our current asset portfolio over the next two years as we progress towards material cash generation."

Highlights
· YTD Revenue of USD 40.8 million (3Q 2019: USD 10.2 million) and EBITDA of USD 21.7 million (3Q 2019: 5.3 million), in line with liftings guidance
· Four liftings anticipated across the Group's assets in 4Q, similar to 1Q (versus two in each of 2Q and 3Q)
· YTD Group net average daily production of 2,456 bopd, with 3Q 2019 of 2,251 bopd (impacted by workover activity in Tunisia and Aje field shut-in during July as previously disclosed)
· YTD Underlying operating profit before tax (Note 1) of USD 11.1 million (3Q 2019: USD 2.3 million) on an adjusted basis compared to reporting basis net profit before tax of YTD USD 18.2 million (3Q 2019: USD 4.1 million)
· Cash balances at 30 September 2019, including cash held for bank guarantee related to Sfax Offshore Exploration Permit (SOEP), at USD 20 million and gross debt of USD 26.3 million
· Successful completion of private placement post period end in October raising approximately USD 16 million
· Sale of Panoro's interest in OML-113 to PetroNor for initial consideration USD 10 million in shares, subject to customary conditions precedent

Dussafu
· YTD average gross daily production of approximately 12,108 with Q3 average gross daily production of 11,650 bopd (Net to Panoro YTD:
1,009 bopd; 3Q 2019: 971 bopd)
· Tortue Phase 2 development drilling started in October 2019
· 2020 full year gross production guidance of 19,500 bopd with second half of the year anticipated to average at 23,000 bopd
· Transformational Hibiscus Updip discovery 45.4 million gross 2P barrels
· Dussafu gross 2P reserves increased by 68% to 112.4 million barrels
· Dussafu Phase 3 improved through Hibiscus discovery with production capacity expected above current FPSO nameplate capacity
· Dussafu phase 3 FID approved by Panoro, subject to JV partner approval

Tunisia
· YTD TPS average gross daily production of approximately 3,770 bopd with 3Q 2019 average gross daily production of 3,435 bopd (Net to Panoro YTD: 1,109 bopd; 3Q 2019: 1,010 bopd), the reduction caused by several well workovers during the quarter
· Several well workover operations ongoing now and through January on wells across three fields, with the goal of achieving our targeted production of 5,000 bopd
· Further production opportunities have been identified for 2020
· Rig contract signed with CTF, the Tunisian state-owned drilling company, for drilling Salloum West Prospect in early 2020 with further planning well advanced

Aje
· YTD average net daily production of approximately 338 bopd with Q3 average daily production at 270 bopd impacted by the field shut-in during July as previously disclosed
· JV partners continue to focus on advancing the Turonian development plan

(Note 1) Non-GAAP financial measures
From first quarter 2019, the Group has enhanced its disclosures and introduced the reporting of Underlying Operating Profit/(Loss) before tax, a Non-GAAP Financial Measure. Underlying Operating Profit/(Loss) before tax is considered by the Group to be a useful additional measure to help understand underlying operational performance. The definition and details of this Non-GAAP measure can be referred to on page 7 of the third quarter, 2019 report.

Noen som husker hvor mange aksjer fra petronor vi skulle få per pen aksje?
Det går ihvertfall mot PEN’s første utbytte noen gang der👌

Ellers så ser det jo bra ut dette for meg som ikke er helt på topp i å lese igjennom dette👍