Pantheon Resources Share Discussion Threads

[brian boru] 08/4/2022 09:59

could today be the day we hold above 140p ?

[neversatisfied] 08/4/2022 09:50

Can you tell me where the comparative analysis and valuations are in the post I was referring to.

[gorgeousgeorge01] 08/4/2022 09:32

"Yep, that's the same Erik Opstad who is 88E's MD of Alaskan Operations *and also* the owner of ELKO, the prime contractor used by 88E to drill Merlin-1 and Merlin-2 over the last two seasons. Yep, the same ELKO which was paid in shares in lieu of cash and which, outrageously, was permitted by the 88E BoD to sell those shares DURING THE OPERATIONS ffs!!!!!!!"

No wonder there's a petition circulating urging the regulatory authorities to investigate. 88e is tainted. Pantheon must not be associated with this failing group. It will harm our interests as Pantheon shareholders, make no mistake about it.

[probabilityofsuccess] 08/4/2022 09:19

Have given you a thumbs up neversatisfied. Let’s try to avoid antagonism and hope it comes good for all. Best of luck with your investment.

[scot126] 08/4/2022 09:17

Hi neversatisfied, post #25365 - no chance. Forget the politics entirely. It is beholden on a fundamental investor to undertake comparative analysis and comparative valuation calculations in the case where two entities own unequal proportions of the same non-homogenous asset. I doubt even one person on this thread will desist from such an exercise on your urging. For all its faults, this thread is not made up of thousands of credulous US OTC punters. Nor is it the home of aggressive UK fantasists who have zero interest in doing any background research and who follow blindly the mutterings of a pied piper who has posted on 88E over 26,000 times (!!!!!!) in the last 5 years.

I've looked at your posts elsewhere. You appear to believe Project Yukon has value for 88E shareholders, correct? In that case, please explain why Erik Opstad was quoted on the record stating his personal acreage (immediately adjacent to 88E's Yukon leases) currently has "a negative NPV"? Yep, that's the same Erik Opstad who is 88E's GM of Alaskan Operations *and also* the owner of ELKO, the prime contractor used by 88E to drill Merlin-1 and Merlin-2 over the last two seasons. Yep, the same ELKO which was paid in shares in lieu of cash and which, outrageously, was permitted by the 88E BoD to sell those shares DURING THE OPERATIONS ffs!!!!!!!

It's a rum old world, eh? I'd tread carefully on this thread, neversatisfied. This is not lse or Twitter.

[neversatisfied] 08/4/2022 09:06

Please fact check how long 88e have been at icewine. Yes 88e have eventually got back to their original acreage after being unfortunate at their latter acreage peregrine. Now you go and enjoy PANR and I will go and enjoy 88e and let's hope we can all have good fortune as the prize added together may make for an even bigger take over bid. Good luck

[antique7879] 08/4/2022 09:00

Great Bear is requesting authorization to conduct the Alkaid 2 and 3 exploration program, located within the Alkaid Unit approximately 20 miles south of Deadhorse. The Alkaid 2 and 3 gravel pads, positioned four miles apart, will each sit 1,000 feet west of the Dalton Highway. Each pad will have two access roads connecting directly to the highway. The ingress portion of the access roads will be 2,500 feet by 40 feet for Alkaid 2 and 1,200 feet by 40 feet for Alkaid 3. Both egress roads will be 1,000 feet by 40 feet. The pads are expected to have a 500-foot by 260-foot working surface area and will each cover a total of 3.3 acres of tundra. Great Bear will also construct one staging pad on the former Alcor 1 site, which sits directly across the Dalton Highway from the Alkaid 2 ingress road.
Construction for Alkaid 2 is expected to begin mid to late May with drilling activities beginning in July. Construction for Alkaid 3 will begin after drilling at Alkaid 2 is completed, and not before July 31. Sources for water and gravel have not yet been finalized, though, Great Bear has stated gravel will likely be sourced from an existing material site at Dalton MP 390.


H/t WesTx.

[unlikely2] 08/4/2022 08:54

25365. You are probably right. After all, 88E are concentrating on PANR, we should do the same.

[pharmawotsit] 08/4/2022 08:36

 Thanks for the link, WesTx.

 I particularly enjoyed Appendix C: Other

 Perhaps this will read: "Beware the Great Bear - she's a-comin'" ?

 Apologies for flippancy.

[gorgeousgeorge01] 08/4/2022 08:27

"I know, GG, I know."

The twitterati have been quite restrained on this matter until now. It may well be time to take it to the 88 army. I appreciate that there is some overlap of Talitha/Icewine but what they are doing now is egregious.

[hiddendepths] 08/4/2022 08:23

I was looking out of my kitchen window this morning and noticed the pigeons eating up the crumbs from the seeds, fat balls and mealworms that a plethora of smaller birds were happily gorging on.

I can't see much wrong with the 88E pigeons but I'm much happier being a PANR goldfinch....

[scot126] 08/4/2022 08:14

I know, GG, I know.

[gorgeousgeorge01] 08/4/2022 08:05

"For the moderators and Twitteratti - please don't allow any claims of outrageous fortune by the 88E Army go unchallenged this time around. They're now playing exclusively on PANR's turf and we hold all the cards."

They are still at it. Why would anyone buy 88e shares when almost their entire investment case is predicated upon Pantheon's success? #parasites

[westx] 08/4/2022 08:02

We could offer them some dry hole money if they drill us an offset :)

[scot126] 08/4/2022 08:00

Dear All - please find below some content I posted on another forum. For the moderators and Twitterati - please don't allow any claims of outrageous fortune by the self-styled US OTC 88E Army go unchallenged this time around. They're now playing on PANR's data turf and we hold all the cards.


"The overlap is located in the eastern blocks of Project Icewine.

It's the ANN/RNS I expected, for now. A holding pattern until PANR's webinar on 26/4/22 at 5.30pm, UK time. There'll be no "new news" before that date from 88E IMHO. Why would they go out on a limb when the best data they have is 2D seismic plus logs (where all these horizons were either missed or discarded at Icewine 1 + Icewine 2) v's PANR's 3D seismic (an $80m investment) and the multiple logs, flow tests and VAS data which have been collected from multiple wells?

I totally accept 88E's whole "piggy-backing" off PANR's data - that's exactly what I would say and do too. The trouble is that the shared asset is what it is. You can't reach down 8000 ft below the surface and tip the axis of the geology so all the extractable oil and sand characteristics move southwards on to 88E leases. The horizons are where they are, at the depths where they are, in the phases of the hydrocarbon spectrum they are and contained within the sands they are. I suggest this forum does some reading around these subjects and don't get sand-bagged again by gold-plated words and "indications" v's cool, hard empirical data.

Regular readers will know my views on the proportion of Alkaid + Talitha + Icewine East + Theta West shared by 88E and PANR. In my model I use a ratio by value of 90:10, PANR:88E. I suspect it'll end up being closer to 95:5 in the final analysis but I'm happy enough to use 90:10 for now.

I ask again.....why buy a seat in the gods when a seat in the front row of the stalls is the same price?"

PS Thanks for the link, WesTx.

[westx] 08/4/2022 07:59

Accidentally ran across it. I was reading well reports on Alkaid 1 as I remembered they had lost returns toward bottom of hole and wondering if that would be an issue on upcoming horizontal.

[senttothegallows] 08/4/2022 07:32

Panr webinar for 88e shareholders will be like peering through the window watching neighbours telly imho

[chris0805] 08/4/2022 07:32

Great spot WesTx :-)

[westx] 08/4/2022 07:31

Alkaid 2&3 Unit Plan of Operations Application https://dog.dnr.alaska.gov/Document/Download/8DAAA347BFFC487BAA08C87677611FF8/2022-04-07_Unit%20Plan%20of%20Operations%20Application.pdf

[officerdigby] 08/4/2022 07:26

Maybe they should tell their share holders to listen to the webinar.


Maybe after their bod listen to the webinar they could issue a PANR BUY note with a target price.. In their next RNS.

[mojad5] 08/4/2022 07:15

88e singing Pantheon praises in their RNS this morning. It could almost be a Pantheon RNS !

[btgman] 07/4/2022 23:27

Everyone is entitled to their view as to where we are and what the current season has resulted in. I am 100% sure the webinar will fully reveal those details.

I have over a long period of time had a valuation matrix for Pantheon which has been invaluable and broker notes have tended to track this 6 to 12 months later.

Based on what we have seen so far do I think the probability of success has increased this season yes certainly and we have definitely added SFS. So Pre updates I have reviewed said matrix and increased probability of success to 40% on all zones and left Kuparuk at 10%. This leads to a valuation of £3.43 per share. Part of the difference is all zones are considered and valued rather than just the odd zone here and there. For me all zones are very much in play.

I acknowledge that the above does not take account of any upgrades and likely we will see higher recovery rates in the fullness of time.

As a marker I am OK with this for now and it certainly highlights my view how undervalued we really are. Unfortunately industry experts will similarly know this which potentially leaves us vulnerable which several others are noting.

The size and scale of this on shore proximity to pipeline and all year round drilling relatively low drill costs quick pay back you cannot get this anywhere.

Exciting times any whiff of a bid and this well and truly rockets.

AIMHO
GLA
BTG

[pannikin] 07/4/2022 21:22

They might, probably will, be able to extrapolate numbers from Theta West but johnswan and HD cannot be the only ones disappointed that we do not actually have headline grabbing numbers from TW LBFF and Talitha SMD (for the second season)I am still happy to hold, and am very overweight, but can't help feeling that this year's problems will cost me some money if/when a jv is agreed.