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Pantheon Resources Share Discussion Threads
Showing 17626 to 17650 of 17650 messages
|Crude stocks fell a bit; brent put on a dollar.|
|Just d/led the trades data and it reports a C trade of 337829 shares at 111.231 timed at 7.15 am. Can't determine whether that was yesterday or today, but whatever, it's a substantial deal.|
|Malcolm Graham-Wood on yesterday's PANR RNS
Yesterday Pantheon (PANR) announced the successful drilling of the VOBM#3 well in Polk County, Texas. After the hullabaloo surrounding the last well, the announcement was timely and remarkably brief.
The well drilled to 14,500 feet and will now pursue vertical completion; the logs showed hydrocarbons in a "potentially significant reservoir" in the primary target being the Eagleford/Woodbine sandstone, as well as gas in the Austin Chalk.
Now it would be wrong to draw any material conclusions from this announcement, because you genuinely can't tell what you are going to get in terms of a flow rate until the test is done, but the omens are good enough.
The company has drilled the well on time and budget and will be able to do many more if necessary; this means that, should it be a success, the economics of wells like this will be "extraordinary". If it is a success, the company will finalise the gas processing facility and bring wells VOBM#1 and VOBM#3 onto production.
In the meantime, the well is being prepared to mobilise on the next Tyler County location. PANR creates tremendous arguments within the sector, which, until these wells are firmed up, will be difficult to be settled.
For the moment I am going to give the team the benefit of the doubt and stick with my 200p target price|
|In the zone again - just bought at 101.375 (showing as sell).|
|Davidblack, regarding your comment about directors running company and creating value for shareholders and staying away from managing share price.
I could not agree more, well said!
This is a very special company IMO
and I believe has the potential to
deliver an absolutely incredible
discovery to the O/G marketplace.
Years of research are paying off for the company now.|
|Thanks Jenner (whoever you might be) heh|
|Malcy sticking at £2 target for now. Conservative if Tyler comes in but certainly a lot higher than where we are now|
|Gemstar, or whoever you might be, yes it is a formality.|
|I'm very confident that vobm#3 will be commercial and be in par with vobm#1 once testing completed..|
|The directors responsibility is to create shareholder value over the long term not manage the share price for the Ben if it of traders, when that happens things go badly wrong.
The stock got too far ahead of itself at 180p based on index tracker and speculative and it would appear short term buying. Today at 102p the stock looks undervalued because of index tracker and speculative selling. Neither of those two states create shareholder value but running a good gas exploration company will.
My preference is the directors should look to running a gas explorer and not worry about the markets.
Two more decent holes and 102p will look like a distant memory.|
Is this permit just a formality?|
Your constant sniping at the Jay (and Justin ) is totally out of order. If you are so dissatisfied with the way the Pantheon directors are looking after your interests why are you still a shareholder ( that is assuming you have any shares) ?|
|According to RRC - see link at bottom of header - permit application for VOBM4 went in on 14 October - API number not yet showing|
|Is a permit still required for Tyler?|
|looks like £1 has strong support|
|Currently Mr Market isn't buying some of the figures being banded about here. I did think sentiment may have changed, but not at the moment it appears.|
Disagree if you spell out when every single piece of news is due you play in to the shorter's hand as we stand we know they will spud and they will test people think they know when this is but they might not be correct.|
|So a permit is still required for Tyler?|
|Jay ought to follow up on the RNS with a firm committal to get the next drill spudded before end of year...........the poor showing of the share price since excellent completion news has kind of left us in a vacuum and no clear direction - his comment that the rig will now be cleaned and relocated to the next planned location in Tyler County is not sufficient - we need to be told that permits are held and given a firm indication of a start date, imho
Regarding the work over rig I hope they also update when it is due to commence - newsflow is almost as important as drill results because without it the traders will do us immense harm - lets hope the lesson has been learnt after the painful dive from 180 down to 80!|
|I assume the gas price shown on the chart in the header has moved on a month since this morning.|
|Squiresquire and compoundup,
Yes I can see the positive side of JC's comment on private money being injected. I suppose I would have liked to hear him stress that his own position, entrusted with shareholders money, was no less significant but on reflection I agree it was probably meant well.|
|SP Angel are also a very low end broker so I wouldn't rely on their analysts too much! No institution would read their research.|
|a good appraisal of the scribblers duplicity Doubletex, thanks for pointing out the inaccuracies therein!|
Interesting link you provided, thank you for posting it.
I would not say it was a horrible
portrayal of Pantheon.
I would say however, it was inaccurate in important ways and made me wonder about the writers take on Pantheon execs. Two things stood out first, using the word hubris to describe the execs in the beginning is inaccurate IMO.
Second, the writer carries on about fracking the wells like the JV is drilling shale wells. They will not be fracking the wells as a general course of completion. I could only conclude he had something mixed up in his short story.|
|well done 2lb!|