Pantheon Resources Share Discussion Threads

[forwood] 24/3/2022 14:25

Sent the email - Times editor acknowledged it almost immediately!

what I said:

Jessica’s mention of Pantheon Resources neglected to say that we’re looking at almost 18 Billion barrels of oil in place and now more than 1.2 Billion recoverable. And it’s a British listed company within a few miles of the Alaskan pipeline, free of debt, and plans a production well this summer (July). One of the biggest confirmed finds this year. This is what broker WH Ireland said:

“We believe the result vindicates our long-term belief in the potential of the largest elephant in Pantheon Resources’ stable, the Lower Basin Floor Fan of the Theta West Structure. The result is unambiguously positive in our opinion – it substantially derisks the potential of the resource.

We believe that the assets of Pantheon Resources represent a potential means of decreasing reliance on Russian oil in a manner than conforms to the highest standards of ESG. We note that as the world awakens to the reality that crude oil is the lifeblood of the modern economy there is a scarcity of high-quality, large scale oil development projects. As such, we believe assets such as the Lower Basin Floor Fan, amongst other large-scale assets held by Pantheon Resources, have potential to be of vital strategic importance.”

what he said:

'Thanks for the email, Steve. I'll let her know.'

[sirmark] 24/3/2022 14:23

All knowns


Also chart looking at the fourth attempt to break out of the 1.41 on going tripple top so this time "should" break free.

[chris0805] 24/3/2022 14:20

Good work forwood

[unlikely2] 24/3/2022 14:11

Hi Dan. Someone, I think it was Bob Rosenthal, said the overall extent was 17 miles. Did not give the width. For comparison, England's largest lake is Windemere, at 10,5 miles long. And it's only 200ft deep.

[forwood] 24/3/2022 14:10

Got a mention in the Times business news letter:

'The junior oil and gas explorer Pantheon Resources rose 16p, or 12.9 per cent, to 140p after it said that testing of the Theta West well in Alaska looks as though it will surpass its pre-drill estimates for the project.'

I'll remind the author it was 1.2 billion recoverable!

[rideacockhorse] 24/3/2022 14:07

Some notable posters who always claimed to hold PANR shares are rather quiet today. One would have thought they would be on here crowing but for some unfathomable reason they are quiet. My money is on them returning the next time there is a dip in the share price The negative nellies always do. Some popped up between 7am and 8am this morning with their prognostications of doom and gloom but just as quickly they retreated into their nasty muddy holes at the opening bell. What a sorry lot of losers, always missing out. What a way to lead your life!!

[dan de lion] 24/3/2022 13:54

10 miles from Talitha, 1,100 column of Oil just doesn't stop another 50yds up the road, so how much further does it go?

[sporazene2] 24/3/2022 13:12

btgman - great to hear from you and I couldn't agree more with everything you've written. This has been a very long road but certainly worth it. Theta West itself is huge and but we also have resources in the SFS and the SMD, accessible from the highway. I completely appreciate it is very early days in proving out the commerciality of what we have but this acreage is starting to look truly unique. Seismic/Petrophysical analysis appears to look spot on, so huge respect to the PANR team and of course Roger Young.

[madd_rip] 24/3/2022 13:09

As I was corrected earlier for my tardy reading of the RNS, weather permitting the testing and recovery of testing fluids will possibly be resumed. So the rates may increase in that regard.

[roddyb] 24/3/2022 13:07

Happy to sit on this for another 12 months as it is hard to comprehend how enormous this has become. I feel sorry for the original Great Bear holders, they were so nearly there before we had to come in.

[bl1p] 24/3/2022 13:03

50-100 bopd on 3 small 10ft perforations out of the 950 they have seems like excellent results to me

[btgman] 24/3/2022 13:02

Firstly congratulations to the whole team at Pantheon Resources. This is the one a fair few of us have waited for a long old time and when it has finally arrived I suspect it has potentially been misinterpreted. It does almost remind me of the result last year at Talitha.

So Pantheon have confirmed a commercial discovery it is a little unfortunate that they weren't able to complete the testing but with only 40% of frac fluids it is fairly clear that flow rates should increase from here.

They have done exactly what they set out to do confirmed moveable hydrocarbons from basin floor fan.

At which point we have oil over a 10.5 mile stretch and tbh this will likely stretch further.

From here I suspect we will see upgrades for BFF and we have also to see numbers for SFS. It will be interesting to crunch those numbers when it comes through I suspect they will be huge

We are sat with an unbelievable resource and I suspect the market one again hasn't grasped the enormity of today's news.

I am happy to wait for the video and webinar which presumably will follow at which point the light bulb may go on for a few more.

This is likely to be on the radar of the majors holding very tight life changing news for many


AIMHO
GLA
BTG

[nascarmike1] 24/3/2022 12:51

Forwood, I can safely tell you that there are a bunch of us here in the states that set our alarm clocks early just to check on Pantheon...

[forwood] 24/3/2022 12:43

US is waking up!

[sirmark] 24/3/2022 12:43

MM current update, few orders between now and the top end but looking good.

142 30,000 WINS 12:30
142.2 30,000 ARDA 10:07
143 30,000 PEEL 09:25
147.2 30,000 STFL 12:38
147.4 30,000 MREX 12:39
147.4 30,000 INV. 12:39
147.4 30,000 SING 12:39
147.4 30,000 SCAP 12:39
147.4 30,000 CFEP 12:41
147.4 30,000 CANA 12:40

[catchingmice] 24/3/2022 12:43

Picking up momentum days high going to be taken out shortly

[highly geared] 24/3/2022 12:14

Slow burn to £5.00 in my view ( mid 2023 )

[tmmalik] 24/3/2022 12:07

Alaska is tax free on top .right?

[tmmalik] 24/3/2022 11:39

I think Monday we will hit 150 plus Today afternoon people will digest the RNs .it needs multiple read to understand in full .USA media will pick tomorrow and weather clarity also come .Dyor

[simon_64] 24/3/2022 11:32

I agree with all of the above 150 nailed on.

I will be holding long term here now, biggest gains IHMO.

Been holding RBD for five years now, been a rough ride, but if it was easy to make money every one would be at it.

[sirmark] 24/3/2022 11:27

Nice Forwood :)

I expect a close above £1.50 and towards £1.60 tomorrow as people start to wake up to the idea a little company in the UK has just discovered the largest field for the past 10 year on shore in Alaska on STATE LAND.

[forwood] 24/3/2022 11:19

I still think we will close over 150.

Note 3 x50k 'sells' are actually buys from earlier in the day.

[tizo100] 24/3/2022 11:01

Can we break the years high this afternoon

[sirmark] 24/3/2022 11:01

3p more and were at 5 year highs ready to break free. I f we can get that done by the time the US kicks off then we should be setting new closing highs for the foreseeable days to come.

[jimbo130] 24/3/2022 11:00

That chap pro is a buffoon, he bought MATD from 12p to 4p got liquidated at 1.9p, then apparently he broke even.

The conman needs locking up.