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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Pantheon Resources Plc | LSE:PANR | London | Ordinary Share | GB00B125SX82 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.60 | 4.76% | 35.20 | 34.95 | 35.30 | 36.00 | 33.85 | 34.40 | 3,443,597 | 16:35:22 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Natural Gas Liquids | 804k | -1.45M | -0.0016 | -219.69 | 318.88M |
Date | Subject | Author | Discuss |
---|---|---|---|
16/9/2022 15:07 | It is slander if you cannot prove it is true. Subtle but important difference. Still, there is always the edit button. | pannikin | |
16/9/2022 15:06 | pannikin 16 Sep '22 - 14:26 - 29091 Don't worry, I'd be surprised if I'm the only one storing screenshots of these 'pearls of wisdom' | fordtin | |
16/9/2022 15:02 | And there's the libellous statement showing a true lack of intelligence in posting said statement. | madd_rip | |
16/9/2022 14:49 | PROtard PROtard PROtaaaaaaard | maxxy1 | |
16/9/2022 14:13 | The only thing that speaks volumes is you asking questions which you already had your own answers for.Anyone wanting to read into the Texas history would do well to read the belowhTTps://www.red | rabito79 | |
16/9/2022 13:35 | So, in summary, any encouragement to others to short this share is likely to end in disappointment, other than on a very short term basis. FWIW it fell yesterday on the wider market and oil falls. Oil has recovered today. Brent, as I write is $91.84. ANS west Coast is usually about $6.5 higher, so worth c $98. Most of the valuations in PANR shares have been done of the basis of oil a c $65. | forwood | |
16/9/2022 13:28 | you might also have the one I addressed to JakNife too: 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." | forwood | |
16/9/2022 13:27 | Seeing as how you've escaped here, you may not have seen my post to you on Darcon's thread about your supposed double top. Here it is: 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. | forwood |
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