Pantheon Resources Share Discussion Threads

[chris0805] 16/9/2022 13:13

Wow another new BB, how helpful!

[37bodie] 16/9/2022 12:31

Helpfull,

Why start another thread, you could have posted that on the snake oil one.

[madd_rip] 16/9/2022 12:19

Still trolling as usual then, prolapsed anal gland

[forwood] 16/9/2022 12:14

dhb - that may be the case but casual readers may not have known that, seen his questions and despite your answer on the funding issue, had no comprehensive answers, so I've tried to provide them. Always good to have a summary of why we're invested here and what we have to look forward to.

[forwood] 16/9/2022 11:51

JakNife, I believe most of your questions have been answered, and in any event, if you'd done your own research, you'd have had answers to them.

1. Why are there hardly any institutional investors?

The list is here: as at June this year. You may know that institutional investment rules largely preclude investing in companies without income. As an exploration company with an avowed aim to prove up the resource and sell it on, production is not a main aim. That may be changing, as we approach the extended flow test and begin to sell oil. Plans announced in the April seminar and the recently announced upgrade to processing facilities on the Alkaid 2 pad support this and suggest opening up an attractive and lucrative income flow from this location to provide operating and further exploration expenses.

2 The valuation seems rich. Do the management have a strong track record of delivering on previous projects?

That depends on where you start the assessmment. It's true that Texas was not a success. But look at the deal that landed them with the Alskan resources and the learning curve since. The partnership with Great Bear has been successful in finding > 22bn barrels of oil in place, with a conservative estimate of 10% recoverable. This is currently being proved up and the news keeps getting better (suggest you view the online seminars to better guage this). The share price is one measure of success and that has already grown from below 20p.

3. The convertible loan note - is that a heavily disguised death spiral?

No it isn't. It provided operating expenses and is structured in an eminently sensible way to repay the principal without major disruption to the share price

4. Where is the CPR? Why has no independent third party been appointed to look at the asset? Given management's historic poor track record, can their judgement be trusted?

I think you're showing your bias here, having prejudged the track record and questioning management integrity. I suggest you look up the management record / CVs of the major directors. Jay's is particularly impressive in my view - lead roles in Arco & Rolls Royce. There's never been any suggestion of wrong-doing, and the company is very careful with its cash.

There have been a number of 3rd party reviews of the assets as has been pointed out to you but the assets are still being explored, and the size is increasing all the time. Roger Young's quote is the one to remember here: 'a world class asset'. You can check his credentials at: - He's credited with using Eseis technology to discover the Alpine oil field, one of the largest finds in North America in the last two decades. That's before his involvement here, of course. Pantheon's finds may be even larger.

Finally, let me point you to This was written by Telemachus who is David Hobbs, a well regarded expert in the field and substantial shareholder - even more than me! His summary on the value here: "In the success case, this points to a valuation of $5 billion on a disposal basis and NPV10 of more than double that on a hold and develop basis."

[madd_rip] 16/9/2022 11:34

And not many morals

[helpfull] 16/9/2022 10:52

Guildless, clueless and rude.

This is primed to fall quickly down to 95p-100p. If it does, next support is 80p-85p. Have I enough thyme to put those shorts on?

Be careful

[westx] 16/9/2022 10:49

https://twitter.com/pantheonresour1/status/1570710363368296449?s=46&t=zXE0QZJ-tEGnbhi_JruGAw

[helpfull] 16/9/2022 10:46

New thread created by helpfull, all friendly and nice, no coins required and no secret handshakes



Gas pipeline?

Please read:













🚩🚩🚩🚩POST OF THE DAY🚩🚩;🚩🚩

Cor blimey, guv!

Everyone but the mug punter knows that there will be no gas pipeline in Alaska.

Even the vendor financiers and the offtaker financiers and the providers of RBLs.

But the game is getting the cash raise(s) paid for by the mug punter at the highest possible price.

There was $120 million needed, now bumped up to $170 million and only going higher.

No news on the cash raise until the end of June.

The traders will be milking your bank account.

Drip, drip, drip.

Be careful.

Well done Helpfull!

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THREAD WARNING.

THERE IS A THIEF ABOUT!

MIKE290 HAS LOST HIS MONEY BUYING PANTHEON SHARES AT £1.40.

HE IS NOW TRYING TO STEAL YOUR MONEY SO THAT HE MIGHT RECOUP SOME OF HIS LOSSES.

HE IS MENTALLY BROKEN.

HE IS FINANCIALLY BROKEN.

HE IS MORALLY BROKEN.

🚩🚩🚩🚩8681;🚩Ԇ81;🚩🚩;🚩🚩🚩🚩
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[mlf51] 16/9/2022 09:46

Wouldn't waste your time with prohelp he's just trying to help his current strategy by instilling fear into the weak holders. You have it right imo and very soon it will play out, again imo.

[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.