Pantheon Resources Share Discussion Threads

[michaelsadvfn] 24/3/2022 16:46

Theta West @ $1/bbl covers the current market cap with a RF of just %12.

Still a terrific entry point for anyone looking in as any downside is extremely limited given today’s news.

[fifthelementinvesting] 24/3/2022 16:42

Pannikin. Its a shocker of an share price response. But its also a veritable gift to be able to pick up shares on what could easily be a 2 to 4 bagger (or maybe more) from here inside 24 months.

Its just beautiful. Wont last, however! Get em while they are hot!!

[fifthelementinvesting] 24/3/2022 16:38

Great news. Heavily derisked. Holding for years, so finally coming good. Will take another 12-24months to see the real gains, no doubt. But whats another few years between friends eh :/

To people posting his share price predictions based on level 2 etc- It is more irksome than than the muted share price response. Is it really necessary? I cannot recall a time recently when these posters were even remotely accurate. Perhaps consider not doing this? Its embarrassing to read!

FEI

[pannikin] 24/3/2022 16:30

Don't really know what to say about todays reaction.This feels a more appropriate reaction to the SFS test results.Haven't PANR just proved that they can flow oil at either end of a 10 mile reservoir, up to 950ft thick, containing more than 1 billion barrels of oil recoverable?

[dan de lion] 24/3/2022 16:15

Coil tube testing is a lot more exposed to the weather than the drill rig.

the plus is, the ice road should be usable for longer than for the drill rig.

[winner66] 24/3/2022 16:14

The share price did suffer but will recover and some sharply in spite of the Canthebrokerasap ridiculous outfit . The wider implications for our finds are huge . Canthebroker will be raised as questions by many imagine come webinar time .

[jscowi] 24/3/2022 16:12

Operational ceased RNS last year was 19th April, gives panr 3 or 4 more weeks if last year is anything to go at.

[carrr595] 24/3/2022 16:10

Not with standing the decision to halt testing given the weather, we are clearly sitting on a far greater derisked oil field, I am amazed the PR is so muted and the BOD could do with sacking them! The share price will suffer from an already muted reaction to news.

Let's hope they can do some more testing this winter otherwise its a fair few months until the summer and the share price will suffer without good/concrete news.

[beetlesblue] 24/3/2022 16:09

WH Ireland's note prompted the reader to think about the implication of what Pantheon Resources is sitting on, which could have wider ramifications than just the ppl who are investors or those connected to the oil industry.

"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. "

There are a couple of important points here - the assets that Pantheon Resources (will ultimately) own are of strategic political importance, AND they are operating in a way that should satisfy those that have Environmental, Social, and Governance (ESG) concerns.

Ie - it's not just us investors that should be eager to understand more about the billions and billions of barrels that we're sitting on - most people from other walks of life could be affected too.

[fred buckle] 24/3/2022 15:48

Actually this would be a good time to review the broker coverage as we are now much closer to demonstrating true value for Pantheon's oil.

[winner66] 24/3/2022 15:41

I’ve sent an email to Justin , outlining the note by there very own advisory. Horrendous PR . I hope they tender new firms . Today’s RNS changed everything. They maintain their buy price etc. Absolutely stupid

[forwood] 24/3/2022 15:37

Short term indicators very oversold.

[total return] 24/3/2022 15:35

Agreed Winner. It is cynical to say the least. Not impressed I have to say.

(Edit: Another poster on here suggested to me today that PANR should sack Canaccord as broker given the tone of their research.)

[beetlesblue] 24/3/2022 15:35

Winner6624 Mar '22 - 15:29 - 24706
I agree, it should have conveyed a lot more excitement than it does.
Before today, we knew that we were sitting on billions and billions of barrels of oil. Now, we know that we're *absolutely positive* that we're sitting on EVEN MORE oil!!

[winner66] 24/3/2022 15:29

That canacord note is the most horrendous bit of PR. It’s almost written by someone who’s bored and understands very little. Give me strength. We have world class assets !!!!!

[dhb368] 24/3/2022 15:14

Canaccord Flash Update...

Canaccord Genuity view
Theta West #1 flow test success
The Theta West #1 Basin Floor Fan (BFF) reservoir well-test flowed light oil at an
average rate of 57 bopd over a 2.5 day test period. This test result on the key target reservoir for this part of the 2022 operational programme maintains the positive progress made in the testing at Talitha #A.

The two BFF well tests, at vertical wells Talitha #A and Theta West #1, flowed closely matched light oil at similar rates from similar thickness reservoir intervals that represent only a relatively thin subset of the whole hydrocarbon-bearing BFF reservoir found in both wells. As the two wells are over 10 miles apart and there is extensive 3D seismic across the area, these wells provide a sound technical footing for the confirmation of the large scale of the Theta West oil discovery. That is a substantial step forward.

There is though still much to be done to properly assess the size of the find and
most importantly to determine its commerciality. In our view, the Alkaid horizontal well and extended testing, planned for this summer, will be a further significant data point towards assessment of the commerciality of Pantheon's discoveries so far.

Theta West #1 well test details
The well was tested over three 10 foot intervals in the lower part of Basin Floor Fan reservoir (total hydrocarbon-bearing thickness 950 ft) and the flow rates over these stimulated intervals were commingled over a 2.5 day period. Average rates of 57 bopd light oil (API 36-38) were recorded, with a peak of >100 bopd and a final day rate of 59 bopd. That compares with a sustained rate of 40 bopd over a similar 30-foot total interval at Talitha #A.
The well was still cleaning up at the end of the test period, but deteriorating weatherhalted operations.

Next steps
The testing equipment remains in place for now and there may be an opportunity to
restart the test if there is an early improvement in the weather conditions. However, given the present conditions and limited time before the normal end of the winter (ice road) drilling season - around end March - we think that is unlikely.

Looking ahead
This result then is likely to mark the end of the busy and successful first phase of drilling and testing of Pantheon's 2022 operational campaign. The operational activity will ratchet up again around mid-year for the drilling and extended testing of at least one horizontal well (from a gravel road access location) at Alkaid. Those results will be eagerly anticipated.

Rating and target price
The results so far have provided a degree of derisking following confirmation of light oil flows, which have met the company's pre-drill expectations, and the areal extent of Theta West, but we believe it is too soon to quantify the impact with much rigour. We maintain our 220p target price and SPECULATIVE BUY rating.

[total return] 24/3/2022 14:59

Thank you Forwood for your proactive legwork.

(Have a granchild due in June. I'm suggesting the name Talitha if it's a girl. The child's siblings already have made a multiple on their initial JISA investments thanks to PANR. Well done to the BoD and thank you to everyone on here who has provided technical input and helpful commentary. Really appreciated.)

[pharmawotsit] 24/3/2022 14:56

 Emailed the FT this morning along very similar lines. Awaiting their reply.

[officerdigby] 24/3/2022 14:49

No the important report is Oilman Dims! That will start the rerate!

[unlikely2] 24/3/2022 14:28

Well done Forwood.

[sirmark] 24/3/2022 14:27

hxxps://www.share-talk.com/traders-cafe-with-zak-mir-bulletin-board-heroes-thursday-24th-march-2022-via-vox-markets/#gs.v04wme

(7.05mins on wards)

predicted on the TA £1.70-£2.00 in the next two months... worth watching the ones previous as he's been bang on.

[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