Pantheon Resources Share Discussion Threads

[helpfull] 20/9/2022 07:49

Cor blimey, guv!

No shares have been sold. So why report it? Maybe because many shares have been sold. And many shares have been sold by the people who know the most about the company. Not the foul mouthed mugs in the guild. The guild, friends. There will be some who'll try to justify the sales. Others who'll try to be stoic and buy more shares. But it is a slap in the face for shareholders. Reminds me of that documentary TV show: "The Price is Right". The directors feel the price is right to sell shares. Take the hint. It is an obvious red flag.

The chart is predicting a fall to 80-85p. Don't try to out guess the directors. They, like mom, know best.

Be careful.

[sirmark] 20/9/2022 07:07

There's our answer to the big trade. Directors sale

[rabito79] 19/9/2022 21:43

Truant2tb1, the Independent Reports from LKA verified the resource numbers at Alkaid and SMD, although both are now likely out of date given subsequent drilling (both likely to revised upwards in my opinion). Please note the VAS is not the only means the drills have been appraised, there is of course the flow tests. Well done on finding the disclaimer, quite frankly I would be more worried about the document if there wasn't a disclaimer, this is oil exploration after all. If I had to pick between your opinions and those of recognised industry experts Mike Smith, Roger Young et al, I know where my money would go and I would probably bet more than a carrot. Indeed it would appear that Roger Young is also willing to bet more than a carrot on the plays beyond Alkaid going into production.Thank you for pointing out the difference between resources and reserves, points which have been highlighted numerous times on these boards and indeed by Pantheon directly. If you think the majority of people reading these boards don't understand that by now, I believe you are grossly mistaken. The ability to move resources to reserves classification ahead of significant CAPEX investment is one of the benefits of Pantheon's location after all.Answers a) No I do not expect confirmation of reserves in October, rather initial flow rates. Pantheon have been quite clear in pointing out that long term flow tests will be required to move from contingent resource to reserves classification.b) I think you know the answer here, but neither the Alkaid or SMD IER's have been released. Likely I would imagine as they contain proprietary information, indeed I believe this was commented on in one the webinars.P.S. I understand where the resource estimates came from. But I also understand what kind of numbers are generated by having discovered >1000ft oil columns 10miles apart.

[chris0805] 19/9/2022 20:59

Think Truant is living up to his moniker.... Missed lots of important things ( as you do when you play truant), and you think you are really wise at the time for doing it! lol, ;-)))))) you could not make some of this BS up!! C

[pannikin] 19/9/2022 20:29

Truant, I get your our point. PANR do not have any reserves. This is nothing new, it is well known.For you to successfully 'talk down' the price of PANR you actually have to come up with something not already in the price.....At the moment we ONLY have 20+ billion barrels of oil in the ground and 2+ billion potentially recoverable.This stock in the short term is purely a play on the ongoing Alkaid test results. A couple of brokers are suggesting 250ish fair value before the test, Peel Hunt have a similar fair value, but are predicting the test to fail and suggest 50 target price.What price PANR on a successful flow test?

[pannikin] 19/9/2022 20:07

Damn JakNife. Case closed.... I passed that quote "A chum had told me that he rather thought" to a barrister friend of mine and he suggests that this might be the most incontrovertible peice of evidence he has ever seen. The stuff dreams are made of...On another note, selling at 38p to buy back 2 years later for 135p on the basis of that 'solid' evidence was probably not the smartest move.Looking forward to Tuesday? I am.

[padamster] 19/9/2022 20:04

If you did not know Evil bought back in at £1.35 last month so not sure why you are posting an article from 2020 - doh!

[truant2tb1] 19/9/2022 19:59

Rabito79

In further reply

a) The "independant verification" sources you list do not, i'm afraid, verify PANR's resources. Take The April 21 Baker Hughes document, it specifically states re cuttings volatiles - the means by which the drills have been appraised:

"in short, the total amount of oil in any one cuttings sample is not a good measure of petroleum system strength. That all being said, many of the Talitha A cuttings hold large amounts of oil."

The disclaimer is rather hefty: "But since all interpretations are opinions based on inferences from electrical, analytical, and other measurements, we cannot, and we do not, guarantee the accuracy or correctness of any interpretation"

So in summary the document isn't worth a carrot, like the others

Likewise the LKA statement is based on resources - so again PANR is not confirming reserves of any sort. There is a huge difference btw resource (often unrecoverable and non commercial) and reserves.

Two questions
a) Do you expect confirmation of reserves in early October? If so of what quantum?

b) Where is the independent, unabridged, CPR? (I have it on good authority one exists for Alkaid)

P.S. all the resource upgrades are indeed mgmt estimates. They make this plainly clear in their May 2022 modelling performance video. See the asterisked locations 2mins in (bottom of the slide)

[madd_rip] 19/9/2022 19:58

There is that quite high probability of that as well.

[chris0805] 19/9/2022 19:53

More BS, sure this chap is really successful selling 500k PANR at 38p, on a chums recommendation as said chum thought our Board had deceived him some time before... Wonder if his chum is still a chum? Wonder how old that post is? You are another complete Loon.. Go away and do some meaningful current research then come back for meaningful discussion... Or just go away. C

[chris0805] 19/9/2022 19:44

Strange you have 2 followers and follow 3 other posters. You follow jaknife & he / she / they follow you.. You both pitch up here at the same time spouting BSCoincidence?? I think not Fraud / manipulation springs to mind Go away & do some proper research then come back with some purposeful contributions... hopefully you are not acceptable to the guild thread where more sense is openly discussed..

[chris0805] 19/9/2022 19:05

Don't see pro-s2010 or whatever posts but hope I am still on his filtered list!!! Not withstanding he reads it all anyway!!! Lol.

[madd_rip] 19/9/2022 09:24

Join the somewhat exclusive club!

[adxwasere] 19/9/2022 09:07

You made the list too. Happy times. x

[adxwasere] 19/9/2022 09:03

No need for that. Just checking in to see Pros not posted anything to crazy today. so far so good. Have a good day everyone. x

[pannikin] 19/9/2022 08:50

For anyone unsure of PROs definition of 'frauds', what he means is those listed in post #29172 have called him out on his misdirection and lies. PRO does copy/paste some decent information, but his 'expertise' on oil industry operations is comically inept.