Pantheon Resources Share Discussion Threads

[ngms27] 03/11/2021 14:32

Spangle93, I believe a coiled tubing unit can set plugs etc. Obviously they normally enter a suspended well through the BOP. Try this:

[spangle93] 03/11/2021 14:22

Ngms - I agree with you that a drill rig isn't needed at Talitha, and that under certain conditions (e.g. single zone, tubing in place) a CT unit alone would suffice.

However, I believe [opinion] they'd need a workover rig at Talitha if they are re-entering a suspended well, and wishing to set plugs to test multiple zones sequentially.

[forwood] 03/11/2021 14:11

What negative? Simply saying as I see it.

[winner66] 03/11/2021 14:02

Forwood your negative stance is somewhat interesting given that you maintain you have a holding . Please this is not a personal attack on your credibility, simply an observation .

[ngms27] 03/11/2021 13:58

Again, Talitha doesn't need a proper rig. A coiled tube unit is sufficient for testing, usually two or three trucks....

[forwood] 03/11/2021 13:39

Oh really? Farm in and fund raise likely means concurrent activity. Just a fund raise possibly sequential, unless they secure more than one rig. They'll need different rigs anyway because Talitha test rig will be lighter than Theta West.

[rich2006] 03/11/2021 13:14

Forwood that’s rubbish, any proposed drilling plans are likely to include any farm in requirements as they are in discussions you know. Some advanced discussions I might say. 🤔

[winner66] 03/11/2021 13:05

7 day closing high circa 84p looks likely.

[forwood] 03/11/2021 12:42

Not in the least 'worried' by the rise. I think you'll see my last post on the chart (29/10) said that: 'Shorter term indicators are a bit oversold so there may be a slight rally'. Has even improved stochastics on the daily but MACD looks a long way from turning up. And if we get a fund raise it is more than likely to drop to near the strike price, which I expect will be in the low to mid 70s if the price stays around here. Currently playing away at Dark - none too successfully pro tem which should please those who say I only point to successes!

By 'ahead of ourselves' I wasn't meaning that funding was uncertain but a farm in is likely to affect the drill campaign.

[rabito79] 03/11/2021 12:41

Ngms the conclusion we can draw is that you were wrong. Bob promised to release Theta West upgrade within a month of webinar not SFS. We got the Theta West update on time.

[cezuan] 03/11/2021 12:40

@sirmark in the context of PANR's daily volume (millions) these 100s cannot contain or move the price (with any significance). Imo not even the numerous 1,733 bids/offers could (price volume wise). To me it looks rather like someone is testing his trading algorithm or tries to range trade PANR w/o intentions of price manipulation.

[sirmark] 03/11/2021 12:18

These 100 trades are very unusual compared to the normal trading of PANR and just wondering on thoughts that these could be to do with keeping the price at a decent level for corporate activity ? also sometime the VWAP for a sustained period is often a use when agreeing terms (sometimes)

[sirmark] 03/11/2021 12:02

Iceberg buy in 100's seem's mad when you could make it at least 1,000 or 10,000 and reload but maybe they are using the small trades to underpin the bid.

[sirmark] 03/11/2021 12:00

82.3 12,500
82.3 473
82.4 14,079
82.4 4,021
82.4 1,733
82.5 1,733
82.6 1,733
82.6 3,654
82.7 1,733
82.7 12,386
82.8 1,733
82.9 1,733
83 1,733

Not much stock between us and 83p

[dan de lion] 03/11/2021 11:58

The news driven chart has fouled up the chartists once again.

[sirmark] 03/11/2021 11:58

Forward sounds like your not happy with the rising share price ... don't get locked out mate you've been here to long to lose the big gains and it's harder to jump back in a £1 / £1.20 which IMO will happen very quickly.

[redhill9] 03/11/2021 11:49

forwood, the strong assumption is it will be one or the other so, no, not getting ahead of ourselves to consider drilling timetable. Or are you dismayed at an air of optimism?

If anyone has any doubts that funding will be in place then surely they shouldn't currently be a shareholder.

[johnswan193] 03/11/2021 11:46

I don't think anybody expects funding to be a problem.

[forwood] 03/11/2021 11:33

Blimey, aren't we getting a bit ahead of ourselves here? Need to ensure the cash to fund all this and we still don't know if it's a fund raise (looking more likely) or a farm in (board's stated preferred option), or both (maybe).

[sirmark] 03/11/2021 11:33

current offer

82 10,204 11:32
82.1 1,733 11:32
82.2 1,733 09:55
82.3 1,733 09:53
82.4 15,000 09:06
82.4 1,733 09:53
82.4 12,161 11:32
82.5 1,733 09:20
82.6 1,733 09:03
82.7 1,733 09:03
82.8 1,733 09:03

[dan de lion] 03/11/2021 11:27

So we should get a steam of zone test results, first from Talitha, then, when drilled, the zone test result from Theta?

[cezuan] 03/11/2021 11:27

@scot thx. a lot of moving parts^^

[scot126] 03/11/2021 11:25

Hi cezuan - Rig 3 can indeed do both but posts #18675 and #18678 explain why, in a time-limited Alaskan season, Rig 3 will be employed chiefly/solely(?) at Theta West rather than Talitha #A.