Pantheon Resources Share Discussion Threads

[forwood] 16/9/2022 09:36

Helpfull - can you point out the dates of your double top, because I don't see them? The top on 1st March and 24th August was interspersed by a higher top on 12th April, so effectively invalidates those two. These were all news driven tops, and we are waiting further news around the end of this month/early October.

The chart is not looking great, that's true, but is always subject to news. Look back to mid March, when the down move was interrupted by news and changed the dynamic leading to the April top - pretty much in a similar position to today's chart. Yesterday's down move followed the worst down move in the wider US market in months, and a corresponding fall in oil prices.

The balance of opinion is that news on flow rates is likely to be good, with expectations of 75-90% success. I expect the Sp to rise in the lead up to that news and we may get a progress update on the perforation & frac operation currently expected to complete around mid September (ie now), before clean up which may take around 7 - 10 days. These timescale estimates were provided by David Hobbs, a world expert on oil exploration who is a major shareholder here. Please look him up, because his CV is quite impressive.

We may also get news on reserves following the Alkaid 2 drill, also expected to increase given the depth of that drill and initial findings of an improved and more extensive reservoir than previously estimated, so I do not expect the share price to continue falling as it did following the April top. Besides, there were technical factors then in selling by another major shareholder Farallon acquired as a result of a substantial loan who I'm sure you'll be aware is likely to have sold out by now.

So if you are basing your trading strategy here on a continued fall, it's likely to be interruped at any moment.

[rabito79] 16/9/2022 09:10

I remember the double top and indeed triple top at 45p.

[rabito79] 16/9/2022 09:07

'Helpful, yes I did ban you as you were being unhelpful and winding others up.'Said Pro'I know but it winds some people up if you use your instead of you're'Said Pro

[helpfull] 16/9/2022 08:20

Are we their yet, Scottie?

Weaker by the day. Low eighties will arrive before you know it. Double top trumps all.

Be careful.

[madd_rip] 15/9/2022 13:20

That has to be one of the most sycophantic statements you have ever posted. How can you have fresh air with only your toenails showing

[madd_rip] 15/9/2022 13:18

Pot kettle black

[helpfull] 15/9/2022 13:12

That's the point. You are both of similar ilk. I would not wish to be associated with either.

Anywho. 80p-90p on the cards. There's a lot of froth to be blown away here.

Be careful

[pro_s2009] 15/9/2022 12:41

Helpful, yes I did ban you as you were being unhelpful and winding others up.

Live by the sword and all that....

[skybase1] 15/9/2022 10:39

Helpfull. Just logged in to this thread, as I rarely visit this board, relying for info on the Guild/Discord/Reddit. The reason is that Pro has trashed it, and all the experienced oil/investment industry posters left to go to the Guild.
Pro’s uninformed opinions change depending on whether he is short or long on Pantheon and are therefore dangerous to the inexperienced, and merely irritating to the experienced. Make of this what you will. No need to respond.

[mlf51] 15/9/2022 10:22

That's the trouble with jackoff expects everyone else to do his research.