Pantheon Resources Share Discussion Threads

[adxwasere] 29/4/2022 04:28

hxxps://youtu.be/8_ZD9cFk7DM

[adxwasere] 29/4/2022 02:25

10.5 mile step out

[pannikin] 29/4/2022 00:24

Jonny is not the expert you are looking for - Obi-Wan

[johnswan193] 28/4/2022 23:53

Fair enough Zeus. I just thought it was interesting that Rabito was asking me how I wasn’t surprised by a 61% increase in OIP yet after listening to a 2.5 hour webinar he wasn’t able to tell me what that increase was based on…..

Looks like the market was just as unsurprised as I was given the share price has dropped almost 20% since then. I believe that’s down to a combination of lack of substance behind the OIP increase, coupled with a lot of investors waiting until after the webinar before realising some sizeable gains on positions held since last year. Hopefully the latter is a short term effect and the road show helps gain some traction again.

[zeusfurla] 28/4/2022 23:41

Johnswan Bob covered your question re OIP increase in the Q&A as I recall. Worth listening yourself for the precise wording but as I recall he said it was partly due to increased confidence in the areal extent of the LBFF. I thought he was not giving us the whole picture - remember that although few companies would answer all questions as submitted by Darcon, they are also required to keep a degree of confidentiality - I think they managed that superbly well.

They spoke for over 2.5 hours and attempted to answer everything they could. I have added some more this week - I don't really care if short-term holders top slice or sell out as this project is for me now substantially de-risked and the professionalism of management has been proven. It's mostly about implementation and development now. The resource is sufficiently proved to me. I have no sleepless nights on PANR whether the share price next week is 150p or 100p.

[johnswan193] 28/4/2022 23:14

Ok, so given you’re talking about not being able to guess why am I right to assume they didn’t explain why their estimate of OIP increased? I am keen to know what has changed for them to increase that estimate, other than confirmation that the zone extended to TW.

Interested in Jonnys thoughts on what they said about improved reservoir quality because a) he will give his honest opinion and b) he is more capable than I am of forming a view on this.

The bold claims/doubts about commerciality were primarily down to the *fact* that they failed to achieve substantially improved flow rates at the optimal location relative to the distal location. They may have explained what went wrong at TW to not be able to compare the two, but they have not yet been able to demonstrate the difference with flow rates. It is only now that we’re hearing more about improved reservoir quality, which as I said was the most interesting part of the webinar for me.

They can say all they want about vertical flow rates not being so important but I think we can all agree that if TW had demonstrated much improved flow rate relative to Talitha the share price would not be where it is currently, nor would I have sold almost half my shares.

[rabito79] 28/4/2022 23:06

Johnswan, it would be foolish of me to guess how the OIP went up, because I don't have the expertise or have the full data set which went into original calculations. Do you perhaps see what I am getting at?Why you would want Johnny's opinion on something given he has also been shown to making unsubstantiated technical claims without the full knowledge or data sets required.Yesterday we heard a number of issues which contributed to the lower flow rates at Theta West, yet in the absence of this data people with little or no industry experience we're making bold claims about the commerciality of the whole project. I find the whole thing quite incredulous if I am honest.

[johnswan193] 28/4/2022 22:51

Rabito yes I did say that. The OIP has increased but I’m still not quite sure what new data that is based off given the column encountered at TW was smaller than expected. Perhaps I missed a key part in the webinar, so could you or somebody else explain what led them to increase the size of the OIP for the LBFF?

The most interesting part of the webinar for me (from what I heard of it so far) was what they said about reservoir quality at TW being substantially better than at Talitha. Again that’s something I need to listen back to fully. Also would be interested in Jonnys view on that.

At one point I saw a map and a winter 2023 proposed location for the next LBFF drill and it was around halfway between TW and Talitha. Are they intending to do any horizontal testing of this zone or is the intention just to measure the column and run another vertical test (and hope for better weather and less operational hiccups)?

BTW, while Pro does make some valid comments about downside risk, his agenda has become very tiring and for me is ruining the board rather than encouraging sensible debate. People may not have liked my conservative views in the past but I’ve always been honest about my position, views and intentions. I said a while back that I reduced my position to around 60% of what it was, at prices from 120p-130p and I haven’t bought or sold any since then. I am more upbeat than I was at the time I sold those shares, and the price is currently around the same level, but it hasn’t been enough to tempt me back, yet.

[tmmalik] 28/4/2022 22:43

Big boys always do such attempt to get entry .I am not worried as it's short term ,yes topping with 50k at 145 on the day of resource upgrade which is little hurting .Will keep adding slowly if more dips during next coming weeks .140 will be back very soon I believe .Dyor

[rabito79] 28/4/2022 22:36

Johnswan, you had previously commented that any OIP upgrade could only come from recovery rates, yet here you are unsurprised by a 61% upgrade in OIP.I note also ngms has not commented on the total flow rates implied by Bob R, or the measured improvements in reservoir quality which he had written off. I guess we are just meant to ignore these statements until you guys call something correctly.

[johnswan193] 28/4/2022 20:02

Well the webinar has come and gone. Was hoping for a break through 150p and another derisking possibility, but unfortunately it didn’t happen. Overall feeling after the webinar and prior RNS is more positive than I was prior. Not overly surprised by the resource upgrade, though I do always find management bullishness in these webinars to be very convincing. Previous webinars seemed to surprise the market but this time it came in as most expected.

Not sure what to expect from Alkaid, but it *should* be relatively low risk and success should see more buy in to managements statements over commerciality of other areas.

Caught most of the webinar but missed a few mins here and there so will need to go back at some point.

Hoping the road show can lead to some sustained institutional interest, it would be slightly disappointing to be still in a 120p-140p range by July.

Still on the fence about whether to add or reduce, likely I’d consider adding below 120p and reducing above 140p in the absence of any further news in the meantime.

[sirmark] 28/4/2022 19:48

A nice bounce back to £1.30/£1.35 tomorrow would be great and I have my own thoughts on today's trades but all done now .. so onwards and upwards. Roadshow .. stock required at a discount now the MM's can facilitate the buys and pull down and pick up some nice commission maybe!!

Strange how the share price was pretty much fine yesterday after the Webinar the previous night. I would hazard a guess then that the big trade yesterday stateside was a sell of about 1.2 mln shares and was dealt with this morning in the UK market which "could" account for the start of the sell off then people jump on the bang wagon and lose sight of the real prize... just some thoughts.

Topped up a tiny bit today but heavy elsewhere at the moment too, so sitting on my relatively tight for the moment.

GL ALL

£2+ party in just a matter of months so no big deal, then onwards and upwards to the real value.

[rideacockhorse] 28/4/2022 17:45

Year on year share price rise from close tonight is 324.28%. Relax.

[adxwasere] 28/4/2022 17:19

money's on Scott tho.

[adxwasere] 28/4/2022 17:18

Any new investors should ask any questions. if you think it's stupid ask it anyway never look at Scott or Pro and think they are correct .. watch the webinar. then ask questions , people on reddit and here will help you out.

[adxwasere] 28/4/2022 17:09

Most people here are long 10% means nothing. For new comers I'd be nervous, But watch the webinar take your stake and hold for future returns. If your day trading good luck. see you on the flip side.

[fifthelementinvesting] 28/4/2022 16:51

Looking at charlotteB (lse) her style isn't that much like Prolapse. Annoying as it is, she isn't wrong on her predictions. Her reasoning seems to be generic and chancing in all probability, but sometimes its good to check yourself about downside. 23 billion barrels. share price drops...

Is 120 on the cards, do we think??

Im very heavy in PANR, but I would buy more at those levels. I was very tempted today but dont yet wish to liquidate other positions with summer potential.

Question is where is new support, and is this fall just a microclimate event.

What do shareholders think about new support? To go from 150p to 125p after the recent news seems... very strange. What have I/we missed?

FEI

[pro_s2009] 28/4/2022 16:43

Told you it's going down... Its a trading stock now... That's all.

[mlf51] 28/4/2022 16:35

As long as you've listened to the webinar, you can't go wrong.

[dv01] 28/4/2022 16:28

Pleased with the opportunity to increase holdings here. Just have to be patient. Roadshow going on at the mo.

[grumr2013] 28/4/2022 16:20

I agree. However i have fallen fowl by not listening in the past.

Thank you.

[adxwasere] 28/4/2022 16:14

Can't see that at all. Huge resistance I'll double my holdings if it gets that low.