Pantheon Resources Share Discussion Threads

[nigoil] 03/5/2024 16:14

Nah forsk$n you're wrong yet again!........LOL

88E = STRONG BUY

PANR = STRONG SELL

Simples!......;-)

[forwood] 03/5/2024 16:12

Might not be nice but at least it's true!

[nigoil] 03/5/2024 16:10

That's not very nice mlf51,forsk$n, is it?........HUGE LOL

HUGE Cashraise coming, you will soon see!

88E = STRONG BUY

Simples!.......;-)

[nigoil] 03/5/2024 16:03

The fly didn't even touch the water!........LOL

You Panr shareholders don't like the taste of your own medicine do you?......LOL

The idi0ts known as scot and rabito have a lot to answer for, ramping Panr all the way to £1.40.......BIG LOL

We should be thanking them having sold at circa £1.20.

88E is the Kiddy!

Simples!.......;-)

[nigoil] 03/5/2024 15:45

WE wouldn't want to be in this dog of a share over the long weekend!

Panr = Strong Sell...Why?...Dept!...No cash!........Simply as that!.....;-)

Cash call coming sooooooooooooon!

Simples!........;-)

[michaelsadvfn] 03/5/2024 10:32

Utter nonsense, try harder...

The worst wells for Pantheon are dusters, if they ever get the finance sorted.

It would be a lie to post otherwise.

There will be plenty of appraisal wells to delineate the resource, I think that's what you meant. It would be a lie to post otherwise.

[mlf51] 03/5/2024 10:30

Short on morals

[content5827] 03/5/2024 10:18

Are you short helpful?

[mlf51] 03/5/2024 10:09

Cor blimey luvPorn or posturing Be honest

[helpfull] 03/5/2024 10:02

Cor blimey,guv!

"the worst of PANR wells are still million barrel wells"

Oh! The vanity.

olderwiser2 has been berating shareholders on 88e that well test results there are based on a few barrels of oil.

Well the news is Pantheon tests are based on little more (225 barrels) and over far greater dimensions.

The worst wells for Pantheon are dusters, if they ever get the finance sorted.

It would be a lie to post otherwise.

And then there would be the others that don't quite match the model.

Because that is what these reports represent, a model.

Remember that without a gas pipeline, which is very unlikely, Pantheon will be drilling 500+ dusters to stuff all that gas back down.

Two wells, Alkaid 2 and SMD re-entry.

Fragile data to base spending $35+ billion on.

Wait until the end of June.

Watch the funding outcome.

You might be averaging down again.

Be careful.

[olderwiser2] 03/5/2024 09:27

It is reassuring to see such a close alignment between PANR's estimates and the LKA IER
With LKA estimating 79.3 m barrels of salable liquids, over 78 wells, each well averages 1.017m barrels, interestingly very close to the conservative 1m PANR have used in their financial modeling, and the 1.2 m used in other models.

What gives this some context is the share price decline from £1.40 to £0.10, on the much exaggerated basis, and short thesis, that the ALK 2 long term flow test was not a commercial success, too much gas mostly condensate etc.
And the suggestion that these results would also apply to all the other reservoirs, (now disproven by the SMDB flow test results)
LKA have quite definitively now given their expert independent view that, the ZOI is a costed commercial success, expected to yield greater than 20% RoR.
Specifically 21.75% for the reserves based on the ALK 2 horizontal, and 27.69% for the contingent resources.
A first award of possible reserves of ~5m barrels, is a major affirmation, that the reservoir is viable, the tipping point to reserves being the demonstrated proven flow rates at ALK2 H. (IMO these are project FID away from being probable reserves)
Bear in mind these flow rates were sub optimal as the frack efficiency was only 20%, and PANR have demonstrated a 50% frack efficiency in their next attempt in the ALK 2 SMDB flow test. Which bodes well for the PANR modelling based on 40% frack efficiency

Looking at the GOR, there is a notable change, ALK2H showed 505 barrels and 2300mmcf/d, a GOR of 4560 cf/ barrel, while the LKA IER calculates out at 5341 cf/bl (423577984000cf/79.3 m bls). A bit higher than the actual results at ALK2H, but not a deal breaker

Simply put the worst of PANR wells are still million barrel wells, and million barrel wells stack up as viable as a stand alone reservoir, in the base case scenario.

To which can be added synergies with the stacked SMDB reservoir, with a PANR assessed 2m barrel recovery, with much lower GOR, and the potential to exceed base case towards high side case

The other notable ratio is the oil to NGLs, in ALK2H 180 bo plus 325 NGLs, ratio of 1:1.8 is compared to LKA IER of 43,300,000 bo plus 36,004,000 NGLs, ratio of 1: .83.
On the face of it this is a huge improvement, but I suspect it reflects a shift of condensate from the NGLs column to the oil column, clarification is required, as if a genuine change it will reflect in the 90% value attributed to the mix of oil, condensate and NGLs

This from the LKA IER stands out in regard to the possibly conservative nature of the assessment

“The estimates of reserves, resources and future net cash flow set forth in this report utilized the production results, completion efficiencies and fluid analysis from the long term production test of the Alkaid #2 horizontal.”

Bear in mind the completion efficiency was only 20%, I would also like to see this clarified, as to what efficiency LKA have used in their modeling. If a low efficiency has been input to the base case, the probability of a better result is high.

It is going to be a complex decision for PANR to make on the next move.
Allocate resources to the tried and true of the ZOI with a lower RoR, or back the SMDB with no long term flow test, but a much higher estimated RoR. Who knows maybe a hybrid of both

[turkey3] 03/5/2024 08:51

Haha spot on. Bloody phone

[turkey3] 03/5/2024 08:50

Stop on :-)

[michaelsadvfn] 03/5/2024 08:47

The amateur chartist, helpless, got it wrong again whilst the proper chartist, Forwood, got it right again......

Forwood 2 May '24 - 15:08 - 15453 of 15473 0 5 0

What we can see on the hourly chart, subservient to the daily, is a very oversold position on all indicators.

MACD is the lowest it has been in 6 months. RSI and stochastics repeating the lows from a couple of weeks ago, after which the share price shot up from 31 to 38+.

Shares have a habit of rebounding significantly when pushed down, particularly when there is no objective reason for their fall. Yesterday's IER report on the Ahpun ZOI confirmed and slightly increased the previous IER, and was a necessary step in progress on funding negotiations. It has been hijacked for no obvious reason by the short side to support a bear attack. That is already losing momentum, despite the false assertions of its promoters.