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PANR Pantheon Resources Plc

26.60
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  0.00 0.00% 26.60 26.72 26.98 27.20 25.50 25.50 4,153,545 16:35:21
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Natural Gas Liquids 804k -1.45M -0.0016 -167.00 242.41M
Pantheon Resources Plc is listed in the Natural Gas Liquids sector of the London Stock Exchange with ticker PANR. The last closing price for Pantheon Resources was 26.60p. Over the last year, Pantheon Resources shares have traded in a share price range of 10.10p to 39.00p.

Pantheon Resources currently has 907,206,399 shares in issue. The market capitalisation of Pantheon Resources is £242.41 million. Pantheon Resources has a price to earnings ratio (PE ratio) of -167.00.

Pantheon Resources Share Discussion Threads

Showing 24501 to 24522 of 59425 messages
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DateSubjectAuthorDiscuss
10/3/2022
05:53
That's the chap...
chris0805
09/3/2022
22:22
Prolapse the person that uses agendas positive and negative to his own advantage the person's a gutter rat was well known for doing the same in Rockhopper Exploration and Desire Petroleum years ago filter the tramp
tizo100
09/3/2022
18:32
unlikely2 - Lol, hope you enjoy your fizz.

Looks like we've both drawn the attention of a red thumb merchant who's too cowardly, too lazy or too thick to engage in normal discussions!

fordtin
09/3/2022
18:02
Thanks for the comment Fordtin - I shall apply my favourite Cava while considering your reply :-))
unlikely2
09/3/2022
17:42
unlikely - I fully acknowledge you directed your question to “those with greater real knowledge and experience of testing". I have considerable experience of testing, however, very little of it has any relevance to the flow testing of an oil well!

Only my opinion, but if I was in Jay's shoes and LBBF is as good as I think it is, I would spend the rest of this season testing LBFF and save UBBF for another season. If LBBF behaves like a petulant child, I'd leave LBFF to stew for a while and focus whatever’s left of the season on it's smaller, but still potentially "world Class" sibling, the UBBF.
Given the almost incredible potential of each zone at Theta West, I hope they don’t go straight into intermingle mode, just to make time for the baby brother next door. (Even though the baby [SMD] might dwarf Alkaid!)

All of your favourite caveats apply.
Caveat Emptor, some of your least favourite caveats may also apply!

fordtin
09/3/2022
17:40
Marmaris on Lse

“If the window is there we will test lower BFF right now and then UbbF by end month. Smd can be revisited and tested by mid April. A coiled tubing rig up is not as heavy as a rig. Ice road back to Dalton is 8 miles and does not need all the weight when built for the big rig”

sandcrab2
09/3/2022
17:37
I think you can expect the company to move into top gear PR wise, once the LBFF results are in
sandcrab2
09/3/2022
17:31
Wishful thinking perhaps..
chris0805
09/3/2022
17:25
It sounds like Saudi have rejected Blinkdens request to up their oil production which leads me to think that I know of a small oil company operating out of Alaska who could soon receive an offer for all the crude they produce, from the USA government who wish to keep their strategic reserves topped up in these difficult and unprecedented times!
bit coin
09/3/2022
16:24
Some loose speculation here - question for those with greater real knowledge and experience of testing.

Would it be technically feasible to do the same as was done with the SFS zones at Talitha - perforate, frac and then test both zones simultaneously?
The expected advantages being a probable higher headline flow rate, and perhaps enough time saved to give the SMD another go. I understand downhole sensors can be installed which can indicate the flows from different parts of the formations.

Just curious. Jays comment about 950ft to test would seem to indicate that intentions, at least initially, are to test the LBBF.

unlikely2
09/3/2022
15:52
200ft of oil would send the average drillers into ecstasy, every chance, given time that it will be tested.


IMHO

dan de lion
09/3/2022
15:19
@fordtin I misread you original post. I was summarizing the TW drilling. If we drill both, then yes, you're right. There are 2 events in the near term that may both have a strong effect up & down and share price weakness may just reflect a de-risking of gains secured up until either.
cezuan
09/3/2022
15:07
Wow some are clutching a little here. 950ft of pay upper middle bottom not rightly bothered. 950ft is an absolutely huge potential pay column.

News comes when it comes this really is the big one if it comes in as tbh I expect it to the current share price is a fraction of where it will end up

AIMHO
GLA
BTG

btgman
09/3/2022
15:03
JS93 - testing of UBFF was shown in presentations. Do you really, seriously, genuinely believe, in the event of a problem with LBFF, they’ll just plug the well and pack up without testing UBFF?
fordtin
09/3/2022
15:02
re "You are probably right if you disregard time", Why such a hurry, It will only be a matter of weeks between LBFF and UBFF!
fordtin
09/3/2022
15:01
fordtin - you're talking about the UBFF in order to justify this not being a one trick pony, but most recent operational update referred only to the LBFF zone. This suggested to me that the UBFF may not be part of the testing plan for this season at TW.

i.e. originally we were told 200ft in UBFF and 960ft in LBFF, whereas most recent updated stated:

"We are now focused on operations at Theta West. Over the coming weeks, we will test what the Company believes is a significant oil accumulation after encountering over 950 feet of oil bearing sections in a large Basin Floor Fan system. Our team have prepared an extensive testing operation."

johnswan193
09/3/2022
14:58
Marmaris is thinking next week

And this from Lse

‘The end of March was for the testing of the BFF, both zones imo, upper and lower BFF. The lower one is the more important by a country mile. End of next week, possible the following Monday is very right considering how the testing has gone before. I.'e 14 days with bad weather, 10-12 with fair weather.’

sandcrab2
09/3/2022
14:37
@fordtin Are you sure? You are probably right if you disregard time and exclude what might additionally happen between now and when the company gets sold.
I was referring to people entering for the st value this drilling might unlock and how the share price might react short term upon a TW worst case outcome and people positioning for these gains and exiting upon failure.
Given how many entered PANR >60p last year, I would not be comfortable suggesting that PANR will stay above that near term if something grave goes wrong at TW now. Even if there are more value potentials. And I expect people securing their relatively large gains now in anticipation of that.
But yes, I was indeed referring to the st only and PANR is possibly worth more eventually even w/o TW.

cezuan
09/3/2022
14:12
It`s just that some are impatient . End of March is a long way off.
arcadian
09/3/2022
14:01
Theta West is definitely not binary as post 24050 seems to suggest.

Company presentations show;

17+ mile onshore Basin Floor Fan with 12+ billion barrels of oil in place
✓ Oil discovered in distal location at offset wells at Talitha and Pipeline State
✓ Theta West location updip and 1,500 feet shallower
✓ Superior reservoir quality expected in crestal location



“11% - 20% Recovery factors modelled”

of which we were told the 20% only applied to the Upper Basin Floor Fan ("UBFF").

As such, it seems reasonable to assume the ~200 feet of UBFF is believed by management to be of significantly superior reservoir quality compared to the Lower Basin Floor Fan ("LBFF").


Even in the extremely unfortunate event of the multi-fracs of the LBFF all experiencing similar problems to the single frac SMD,
~200 feet of much shallower and better quality reservoir is a major discovery in it’s own right.

Successful flow test of UBFF alone could be worth considerably more than Pantheon’s current market cap.


Definitely not a "all-or-nothing bets (or close to)" or a one trick pony. The top pony is a pretty good bet imo.

Any caveats you think should apply, apply!

fordtin
09/3/2022
12:33
Any rough ideas of when we could expect news? ( two weeks?)
carrr595
09/3/2022
10:35
everybody that wants to secure profits so far and would have de-risked post SMD otherwise @soggy
not everybody enjoys all-or-nothing bets (or close to)

cezuan
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