Pantheon Resources Share Discussion Threads

[ak62] 07/2/2022 12:54

BUY BUY & BUY more.
excellent RNS

[astralvision] 07/2/2022 12:53

WH Ireland (sorry if already posted)

WH Ireland

Pantheon Resources (PANR) – Corporate – Flow Testing of Lower Basin Floor Fan
Market Cap £612.5m Share Price 82p

Pantheon Resources announced that the Lower Basin Floor Fan has been flow tested at the Talitha #A well at an average rate of 73 b/d over a three day test period. The oil is of a 35-39° API weight. The well was tested over three intervals (10 feet perforations) that were individually fractured and tested. The company indicated that the well’s bottom hole pressure was near to reservoir pressure on the final day of testing.

WHI View: The Talitha #A well location is in a downdip/distal or suboptimal location. The purpose of the test was fundamentally to confirm that the reservoir was productive to the extent that i) the oil was mobile in the reservoir and ii) the downhole reservoir pressure would be sufficient to move the oil up the wellbore. We believe that in respect of those test objectives the test has been an unambiguous success. Intuitively, we believe the absolute value of the flow test – 73b/d – is impressive, as is the minimal pressure drawdown.

The Lower Basin Floor Fan is – by far – the company’s single largest resource, with a best estimate recoverable resource of 1.2 billion barrels of oil. Our success case fair value estimate equates to $4.80/b (after-tax), equating to a value of $5.8 billion. The company indicated that further testing will be required to fully prove up / confirm the resource, albeit, we believe, today’s news represents a significant step forwards.

Today’s news will focus attention on the Theta West #1 well that will be testing the same structure (and the Upper BFF) in an optimal location 10.5 miles to the northeast – a colossal step out well.

Today’s news is truly, in our opinion, a very exciting development and we anticipate a very positive share price reaction. We note that the sector backdrop for the oil & gas sector is exceptionally supportive.

[martin1962] 07/2/2022 12:53

Hi everybody. Good news today, onwards and upwards from here. A quick question for the more savvy investors than me. Panth shares traded on the OTC, if there is a buy order for say 100,000 would the US market maker buy shares directly from the LSE at the prevailing price or can they make their own price/book.TIA.

[dhb368] 07/2/2022 12:46

Anyone with a reddit account should visit and upvote that post (linked at the top of astral's re-post) to ensure that it stays HOT and gets the attention that it deserves.

[sirmark] 07/2/2022 12:23

lol, that's done and dusted from that poster.... onwards and upwards.

So we're now getting ready for our third test of the 1.09 and with the US open soon we should push through and get to the £1.15/£1.20 + level.

[honestmarty] 07/2/2022 12:17

But, but, 78p???

[ngms27] 07/2/2022 11:57

forwood, fit's in with my £5 per share estimate with a proven BFF. Remember development is very capital intensive and POO is variable. I think $4.8/b is reasonable for flow tested resource and POO over $80.

[bobbiedazzler] 07/2/2022 11:53

Congrats to the BOD and all long term holders from warm Costa Rica! Despite the time difference, something told me good news was afoot and I've just managed a top up ahead of US markets which are going to love this. Chocks away!

[sirmark] 07/2/2022 11:52

Everytime it drops they fill the large orders


11:51:29 105.369 50,000 52.68k O
11:51:01 105.20 50,000 52.60k O

[forwood] 07/2/2022 11:51

Ah, presumably from the downticks, we have 2 people who are not interested in a bid for the company. Am I to assume those people are not interested in the share price rising by a factor of anywhere between 250 to 500% ? That doesn't mean they'll be successful but it does mean we'd have an share price that better reflects the value.

On value, the WH Ireland note posted by Scot this a.m. says:

"The Lower Basin Floor Fan is 'by far' the company's single largest resource, with a best estimate recoverable resource of 1.2 billion barrels of oil. Our success case fair value estimate equates to $4.80/b (after-tax), equating to a value of $5.8 billion. "

Can someone more knowledgeable than I comment on why this is so low? Surely with POO at $93, isn't this an unrealistically low price to put on the value of PANR's oil?

[sirmark] 07/2/2022 11:51

This is backed up by 3D seismic, VAS, Currently drilling and previous drilling Alkaid.

Soon to be on every majors radar.... this won't be our for long ! 6 months max IMO.

[ride daice] 07/2/2022 11:48

It's long a time since the code was cracked (when in fact it wasn't). Let's hope we've finally cracked it this time.

[tonyrelaxes] 07/2/2022 11:45

Hi Mark and Dave.
All is good in snowy but fairly warm (-1c) Moscow, thanks.

[racinglad] 07/2/2022 11:44

Good to see some old AMER friends here. At least here we have an honest BOD!!!

[sirmark] 07/2/2022 11:39

Tony ...hi mate how are you :)

[swanvesta] 07/2/2022 11:37

So is a Theta West TD RNS likely tomorrow? Followed by logging results in a few days. But am I right that flow tests will have to wait for equipment to be moved over from Talitha?

[tonyrelaxes] 07/2/2022 11:33

Hmmm.....

Getting towards my purchase price in 2014.