Pantheon Resources Share Discussion Threads

[pro_s2009] 29/3/2022 11:46

PoS.

Its all about proving it through is it not.

PANR planned a mini horiztonal last winter at Talitha, then suddently decided not to do it. Chance lost. Why ?

They could have planned a mini horizontal at Theta West this winter, they did not.

They planned a horizontal at Alkaid summer of 2021, but decided not to do it.

Now they plan a horizontal at Alkaid summer of 2022.


Thing is, the horizontal will give definitive yes or no to commerciality.........and the constant hesitation to do one suggests what ?

[senttothegallows] 29/3/2022 11:46

Pro stop you are embarrassing yourself. There is one hell of a difference between not worth testing and oil to the surface from multiple zones at multiple locations. IMHO

[gorgeousgeorge01] 29/3/2022 11:44

"And also a stark reminder of how your investment could end up here."

Yet, for us, it hasn't. The expectation is failure. Yet Pantheon, unlike 88E, is far from failure.

[pro_s2009] 29/3/2022 11:43

88E proves, like PANR.....there is lots and lots of non-commercial oil in Alaska. Up north its commercial. Down south where 88E and PANR are playing, its not proven yet.

And remains, not proven.

Alkaid is the last throw of the dice for 2022 to try to prove commerciality somewhere, and if that fails......well..........hope it does not.

[bigdazzlerreturns2] 29/3/2022 11:41

And also a stark reminder of how your investment could end up here.

[gorgeousgeorge01] 29/3/2022 11:40

"88E down plug hole."

Only just noticed. We did try and warn people. I did my bit. Doesn't that result emphasise the FANTASTIC achievements of PANTHEON?

[soggy] 29/3/2022 11:39

Echoridge: post 24977 very good indeed, and lovely use of punctuation if I may say.

[officerdigby] 29/3/2022 11:34

88E down plug hole.

No gloat, sorry for them.

Expect just a small share price correlated hit for a weee while here...

Just the way of things.

[olderwiser2] 29/3/2022 11:31

It is the realm of speculative misinterpretation to compare a completed test with one that has only been described as commenced.

"Testing of the Lower Basin Floor Fan ("LBFF") at the Theta West #1 location has commenced"

Talitha
"The Company is pleased to announce that testing operations have now been completed on the Lower Basin Floor Fan"

[ngms27] 29/3/2022 11:29

gorgeousgeorge01, I agree entirely :)

[gorgeousgeorge01] 29/3/2022 11:11

"So from here it's either the skies the limit or kaput if the play doesn't work."

Wasn't it ever thus? Sometimes you have to take a profit whilst it's there. Why wait for a speculative outcome when the market gives you a meaningful real return in the meantime? Happy days.

[ngms27] 29/3/2022 11:05

I'm afraid I'm with Pro. There is very material downside risk UNTIL PANR can prove commercial flow rates.

The problem I have is that I cannot see a JV/Sell out until commercial flow rates are proven.

One expert I've spoken too is adamant that long reach horizontals / highly deviated wells multi-stage fracked in thinly bedded sands may likely prove sub commercial.

So from here it's either the skies the limit or kaput if the play doesn't work.

[pro_s2009] 29/3/2022 11:02

PoS, the point being, the Bond Holder will be looking at this and saying "better get a load of this converted before they do Alkaid, just in case".........

Which means potentially a lot of 78p shares coming on to then market in the months ahead before Alkaid.

So I dont see the share price rising, more than likely falling ahead in April and May.

End of the day, there is now a non-commercial discovery at Theta West, a non-commercial discovery at Talitha - and now, if Alkaid were to screw up the horizontal....you would have another non-commercial discovery - and that would hammer the share price down and down.

So the risk is to the downside, for now imo.........that may change with success at Alkaid in the summer.

[gorgeousgeorge01] 29/3/2022 11:02

"But if either of TW or the SMD had delivered results people here expected then the share price would likely be £2+ as opposed to trying to cling onto £1.20."

Isn't it our own expectations, divorced from reality, that always disappoint?

Make no mistake about it, Theta West was a fantastic result and confirmation of the geological model. The share price remains above my expectations and was a very profitable outcome for many of us.

[rabito79] 29/3/2022 11:01

Of course technically this year there is not an off season

[rabito79] 29/3/2022 11:01

Depends what you mean my big pay day. I think clarity regards Theta West and some promotion can get us to £2. Similar to off season rise last year. Alkaid and SMD can push on and a further drilling season can get the big pay day. Dusk listing could help out also. The higher numbers where always going to require further appraisal.The board, who have all the data, think there geological model has been proven. Therefore the associated risks in getting to the big pay day have reduced significantly, not disappeared but certainly reduced.

[probabilityofsuccess] 29/3/2022 10:58

That’s why he used the word ‘comparatively’ Pro. Balance of risk:reward, based on your numbers, is good. When you get back in, I’m sure you’ll agree 😉

[pro_s2009] 29/3/2022 10:51

Trouble is.....the downside risk is very real.

What happens if the SMD at Alkaid blocks up in the summer, and the horizontal well fails to flow at commercial rates ?

Share price 50p or 30p ? Very possible.

So dont say the downside risk is not there, it very much is there.

[dhb368] 29/3/2022 10:37

ngms, what do you call a big payday? I expect that any jv/farmout news will see those not onboard miss the boat.

From here the risk is to the upside. To hold into the season at 80p, but feel nervous now strikes me as odd.

I will hold now on the basis that I will make 3-4x what I could make if I bought in after JV news with little downside risk comparatively.

[echoridge] 29/3/2022 10:29

Parker - he can, and probably (always) is - looking to upgrade from Canaccord, but as I said, tragically, they are kind of the best in class. In other words, they all suck so the Company needs to continue to focus on its webinars and other 'DIY' efforts because I'm afraid that on the third leg of a broker's main jobs - promotion of their clients' shares in the secondary market - Canaccord has also proved to be an epic fail. I'm afraid that is the state of play generally these days for all but the major market cap companies....

[probabilityofsuccess] 29/3/2022 10:11

Ngms - I agree, but I’m not sure that many of the investors holding out for the end game thought otherwise? To get maximum value, it was always the case that production wells going onto long term testing had to be drilled. There’s a bid scenario sooner, but that wouldn't maximise value in my view.

Do you disagree?

[ngms27] 29/3/2022 10:03

Rabito79, do you also agree then that it's unlikely that us shareholders will get the big payday until after next Winters testing?

[parker2102] 29/3/2022 09:51

Echoridge: excellent post, thank you.
But what action should Justin (as a former Aussie broker he certainly will be aware of this situation, better than all of us) take? Or is he taking?

[rabito79] 29/3/2022 09:44

My assumption is there will be more testing next winter, I don't think this is a contentious point.