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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 | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -1.30 | -3.98% | 31.35 | 2,668,124 | 16:35:03 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 31.25 | 32.45 | 33.45 | 31.20 | 33.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Natural Gas Liquids | 804k | -1.45M | -0.0016 | -196.25 | 284.86M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:03 | UT | 69,236 | 31.35 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 03/5/2024 | 20:10 | ALNC |  TRADING UPDATES: Eqtec trading in line; Surface Transforms fundraise |
| 01/5/2024 | 07:00 | UK RNS | Pantheon Resources PLC Independent Expert Report by LKA on Alkaid Horizon |
| 24/4/2024 | 07:00 | UK RNS | Pantheon Resources PLC TR-1: Notification of major holdings |
| 10/4/2024 | 16:53 | UK RNS | Pantheon Resources PLC Webinar and update |
| 09/4/2024 | 10:11 | ALNC | Pantheon Resources up after upgraded estimates for Alaskan project |
| 09/4/2024 | 07:00 | UK RNS | Pantheon Resources PLC Kodiak resource upgraded to 1.2 billion barrels |
| 03/4/2024 | 11:53 | ALNC | TRADING UPDATES: RBG sells Convex; Nexteq eyes share buyback |
| 02/4/2024 | 16:30 | UK RNS | Pantheon Resources PLC Director/PDMR Notification |
| 28/3/2024 | 07:05 | UK RNS | Pantheon Resources PLC Progress on Funding and Development Planning |
| 21/3/2024 | 11:51 | UK RNS | Pantheon Resources PLC TR-1: Notification of major holdings |
Pantheon Resources (PANR) Share Charts1 Year Pantheon Resources Chart |
|
1 Month Pantheon Resources Chart |
Intraday Pantheon Resources Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 07/5/2024 | 19:42 | PANR - Alaska North Slope (moderated) | 38,127 |
| 07/5/2024 | 18:40 | Not MODERATED by the guild | 15,520 |
| 07/5/2024 | 16:18 | 🦉 | 17 |
| 07/5/2024 | 16:18 | 🦉🦉 | 1 |
| 07/5/2024 | 16:18 | 🦉🦉🦉 | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 15:35:03 | 31.35 | 69,236 | 21,705.49 | UT |
| 15:29:29 | 31.40 | 9 | 2.83 | AT |
| 15:29:29 | 31.40 | 9,039 | 2,838.25 | AT |
| 15:28:37 | 31.35 | 319 | 99.99 | O |
| 15:25:45 | 31.27 | 4,682 | 1,463.87 | O |
| Top Posts |
|---|
Posted at 07/5/2024 09:20 by Pantheon Resources Daily Update 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 32.65p.Pantheon Resources currently has 907,206,399 shares in issue. The market capitalisation of Pantheon Resources is £284,862,809. Pantheon Resources has a price to earnings ratio (PE ratio) of -196.25. This morning PANR shares opened at 33p |
Posted at 03/5/2024 09:27 by olderwiser2 It is reassuring to see such a close alignment between PANR's estimates and the LKA IERWith LKA estimating 79.3 m barrels of salable liquids, over 78 wells, each well averages 1.017m barrels, interestingly very close to the conservative 1m PANR have used in their financial modeling, and the 1.2 m used in other models. What gives this some context is the share price decline from £1.40 to £0.10, on the much exaggerated basis, and short thesis, that the ALK 2 long term flow test was not a commercial success, too much gas mostly condensate etc. And the suggestion that these results would also apply to all the other reservoirs, (now disproven by the SMDB flow test results) LKA have quite definitively now given their expert independent view that, the ZOI is a costed commercial success, expected to yield greater than 20% RoR. Specifically 21.75% for the reserves based on the ALK 2 horizontal, and 27.69% for the contingent resources. A first award of possible reserves of ~5m barrels, is a major affirmation, that the reservoir is viable, the tipping point to reserves being the demonstrated proven flow rates at ALK2 H. (IMO these are project FID away from being probable reserves) Bear in mind these flow rates were sub optimal as the frack efficiency was only 20%, and PANR have demonstrated a 50% frack efficiency in their next attempt in the ALK 2 SMDB flow test. Which bodes well for the PANR modelling based on 40% frack efficiency Looking at the GOR, there is a notable change, ALK2H showed 505 barrels and 2300mmcf/d, a GOR of 4560 cf/ barrel, while the LKA IER calculates out at 5341 cf/bl (423577984000cf/79.3 m bls). A bit higher than the actual results at ALK2H, but not a deal breaker Simply put the worst of PANR wells are still million barrel wells, and million barrel wells stack up as viable as a stand alone reservoir, in the base case scenario. To which can be added synergies with the stacked SMDB reservoir, with a PANR assessed 2m barrel recovery, with much lower GOR, and the potential to exceed base case towards high side case The other notable ratio is the oil to NGLs, in ALK2H 180 bo plus 325 NGLs, ratio of 1:1.8 is compared to LKA IER of 43,300,000 bo plus 36,004,000 NGLs, ratio of 1: .83. On the face of it this is a huge improvement, but I suspect it reflects a shift of condensate from the NGLs column to the oil column, clarification is required, as if a genuine change it will reflect in the 90% value attributed to the mix of oil, condensate and NGLs This from the LKA IER stands out in regard to the possibly conservative nature of the assessment “The estimates of reserves, resources and future net cash flow set forth in this report utilized the production results, completion efficiencies and fluid analysis from the long term production test of the Alkaid #2 horizontal.” Bear in mind the completion efficiency was only 20%, I would also like to see this clarified, as to what efficiency LKA have used in their modeling. If a low efficiency has been input to the base case, the probability of a better result is high. It is going to be a complex decision for PANR to make on the next move. Allocate resources to the tried and true of the ZOI with a lower RoR, or back the SMDB with no long term flow test, but a much higher estimated RoR. Who knows maybe a hybrid of both |
Posted at 02/5/2024 15:36 by helpfull Cor blimey,guv!The obnoxious Foreskin has the temerity to criticise the wonderful Helpfull and his scientific charts. Helpfull doesn't trade and doesn't deal in seconds, minutes and hours. The share price might be about to implode in the next two months. The vendor finance has been whittled down to one, and is sitting precariously. Offtakers finance is reliant on a gas pipeline which everyone but the mug punter knows has not, is not and will not happen. $120 million, going on $221 million, is required. It is going to blow away the overbought share price and cause real pain. These paid for reports just don't cut it, do they? 10p is a realistic target. Be careful. |
Posted at 26/4/2024 14:28 by jessieduke2 References, your post: 38051Do check out the server for more information but an overview reply on where we are: PANR’s gas is pipline quality <3% co2 and is ready for wholesale without co2 stripping. It is this that puts PANR gas ahead of all other Nslope producers and puts PANR and the State (AGDC) in a symbiotic relationship. It’s not about geography. This is huge commercial advantage over other Nslope producers who in order to qualify for pipeline access have a capital spend in the order of ~10b$ to build a carbon stripping plant. Furthermore PANR’s low co2 gas allows PANR to leverage a cheap gas offering with minimal treatment requirements to the state that actually turns the probability of the pipeline project on its head, with enough margin to get the project funded and built. I have previously posted an economic example (copied below). Strategically this puts PANR ahead of other n/slope producers as the State NEED PANR gas at no more than $1 per mmbtu to get this done. PANR and the State are bound at the hip which elevates PANR, a small AIM listed company to the top table, along side major O&G upstream but also top tier construction, international entities, Asian traders who deal in world LNG supply and distribution. When the ripples of this hit the radar across industry, key stakeholders will want exposure to the upside of the project. Huge potential for a PANR re rate. So, to your question References it’s not a case of ‘do PANR get to use the pipe first’?, PANR ARE THE PIPE - and allow the economics to work. I know that sounds ridiculous, - to be the reason a global 40b$ lng project could ultimately go ahead, but it’s a fact. What does that do to a minnow like PANR? Shock and awe stuff, shock and awe. To answer your other questions. The AlaskaLNG project is fully permitted as a whole. It awaits its FID for phase1 after the completion of FEED work scheduled to run for 1yr from July 2024. My understand is that the AGDC need an investment of 50 m$ for FEED, but investment partners locking at that require a firm commitment of offtake for the gas (Enstar and Nutrien) and a producer to commit to long term supply contract with a price attached. We know PANR have given this assurance. The timeline for both the AGDC FID decision and PANR full funding strategy is in sink and one could argue the AGDC schedule is actually pegged to PANR development schedule. With those commitments in hand the AGDC can work on phase 2 stakeholders. (AGDC announced this week the update with the Japanese consul to Alaska) and there’s plenty of anecdotal evidence of industry specialists liking pantheon articles, obviously aware of the projects development. My hunch is heads of agreements for key project stakeholders are being put in place ahead of FEED decision with option agreements for phase 2. Other developments from the Alaska legislature is House Bill 222 (HB222) which looks to allow the Alaskan Permanent Fund to invest for upto 25% of project funding. The State is gearing up for skin in the game, which is prudent as the below economic model shows huge IRR’s for the State, and they can out to bed the instate squabble over PFD cuts which are the yearly payments made to every Alaskan as a share of the states natural resources income, yr on yr income and payments for the state budgets are falling. The destiny of State economic growth is in its own hands, and a no brainer (IMO) for the State to back its own infrastructure project. And so the age of the symbiotic relationship between PANR and State begins ….. Pipeline economics: The AGDC point to the presentation slides for basic economic considerations. Using guided input cost and sale price, along with financing headroom shows a robust project. hxxps://www.akleg.go Global LNG Japan current price $8.993 Enstar has stated importedLNG as cook-inlet replacement could be $16 double the baseline cost of AlaskaLNG phase1. From AGDC website: Pipline capacity 3.3 bcfd Long time planning 3.1 bcfd Pipeline development economics look sound: (All figures are illustrations) 8$ mmcf delivered price gas out 1$ mmcf gas in (PANR) Gives 7$ per mmcf to build and finance pipeline. 7$x1m =7m$ per bcf x 180bcf (PANR agreed supply with AGDC) Revenue on 180bcf per year is 1.26b$ 10.7b$ project build out cost but let’s say 12b$ for headroom. Funded @6% amortised over 20yrs & 30yrs Gives 700-900m$ per year financing payment. Ramp up to clear 300m$ profit from base line Instate supply of 180bcf (1.26b$ rev less 900m$ financing payment) Senior debt - Federal guarantee loans 60% Junior debt - mostly likely 20yr, 10yr bond Mezzanine debt - investment bank/balance sheet. Phase2 export: Additional compression stations on pipeline say x4 to push volume. Max capacity to 3.3 bcf per day. 1277 bcf per year. Long term planning based at 3.1 bcfd Profit ramps on forward curve as debt is covered from baseline phase1 Additional profit as loans get paid down. Obviously this there are tax implications to deduct but it’s hard to argue with the general concept of this calculation. Join us @ Flights Investment Server Has an AlaskaLNG channel dedicated to following this element of the PANR investment case. Download the discord app for phone or laptop then use this Invite to the server: hxxps://discord.gg/f |
Posted at 26/4/2024 12:01 by sirmark They are grabbing some stock but as the 35.95 orders just jumped on the bid seems we're getting poised to retest in the next few sessions the 42/45p recent highs.On a quick side note, Mangrove.... they must have seen the recent rally and they held on and worked out well for them but as the chart trend shows we're intact to re-test and push on to our past our PRE-Drinks 50p so the question has to be asked internally with them what are you waiting for... even a dilution for funds would be double edge as funding would increase the share price but also even if it was 25% discount when we're at 45p would take us to 36p to close for them ...so why not start closing now the share price is 36p without the risk ??? also you could argue the bond payment, but that's not guaranteed as previously shown and with MS increasing he's holding and will want to protect he's investment at the same time being able to buy them at a 10% discount and secure he's holding is a win win for him ..so may well happen again... So the question is at what point will the throw in the towel ? ? and what happens the morning IF the Alaskan government do a deal with Japan and the game changer RNS hits followed by FUNDING sorted .... that's going to seriously hurt and a spike over £1.00 -£1.50 could easily be achieved in one session... great things to look forward to ... anyway ..just thought I would put that out there ! |
Posted at 23/4/2024 16:23 by just one more try As an aside IVZ just agreed a MOU to sell gas......They are in a similar position to PANRI wonder what would happen to the PANR share price is something similar happened here. The primary reason for the low price seems principally over funding issues. |
Posted at 19/4/2024 11:51 by helpfull Cor blimey guv!Here's one I prepared earlier: free stock charts from uk.advfn.com The share price continues to retreat towards 31p. A break below the 31p support suggests a quick retracement to test 26.5p. That would suggest the recent upward trendline is broken and further declines would be possible. Uncertainty over funding is killing the share price. And there looks to be no resolution until the end of June. 10p is the target. Be careful. |
Posted at 14/4/2024 17:27 by attyg Thinking further - there must be an excellent chance that FID for Kodiak will go ahead sooner than slated in presentations.What stops the Company declaring FID for Kodiak now? It’s not that they don’t have commercially recoverable oil. It’s Money. What can we reasonably expect regarding funding now? Possibly Ahpun drilling commencing up to a year earlier than plannned - thus producing money and getting to break even sooner. An agreement being signed with AGDC in the near future providing PANR with access to ~$250m of reserve backed lending able to be drawn down against drilling wells. DH’s initial plans require $120m to get Ahpun to cash flow break even, so he will have plenty up his sleeve to develop Kodak whenever he wants. Ahpun is likely to deliver better than base case oil flow - so quicker for Ahpun to get to break even. We await the IERs on the Ahpun fields - imminently. The NSAI report highlights the newly acquired Kodiak leases are capable of producing much better flow rates than in the base case - which in any case provided payback within one year! So less cash drain than initially anticipated for each new well. Of course we can hopefully look forward to all the capex costs being significantly less than base case once the gas pipeline is established which will avoid the need for almost every third well being a gas re-injection well. All in all, I think DH will be motoring to get these fields producing asap. As he said some time ago - words to the effect - once the market recognises what PANR will deliver, the share price won’t care about shorters - it will jump. Basically, the gas deal - if it gets signed - totally changes the landscape for PANR |
Posted at 12/4/2024 17:05 by just one more try If helpfuls figures are correct on the Mangrove short. They seem to total about 10.4% of the share capitalMangrove needs to buy about 98 million shares where the price has been moving up - and if there is any positive news on funding, the last real barrier. The share price could jump back to the time before there were concerns and the share price was £1.30 - without Mangrove buying. The purchase of 98 million shares on top - could be interesting.. JOMT |
Posted at 28/3/2024 11:59 by forwood The shorts have been spinning their story since the share price hit lows at 10p. They lack the intellect to recognise when to change their views. They are still encouraging people to lose money. Even now the increase from 10p is 265%. It's going to be a lot more....Today PANR has announced a potential deal that reduces their need for gas reinjection wells and would give them c $500,000 a day income for 40 years. The capital saving, at one injection well for every 3 producing wells is about 25%. It will take time to put these deals into place but Alaska's governor is clearly in favour. A few months ago this wasn't being talked about even as a remote possibility. Now it is. We've also got a shout out to Helium resources in Kodiak. Another rabbit from the Chairman's hat. They keep coming! Helium is about 100x more valuable than gas. It can't be manufactured or extracted from air. Demand is estimated to keep rising, and price with it (see We don't know how much Pantheon has but as a strategic resource, it will increase the attraction of a gas pipeline from here. Expect an announcement on a gas pipeline from Alaska, any day now. The RNS implies the gas pipeline would start from here. The big boys are not going to be happy about that! We also have the intention to drill 3 more wells in the Kodiak and one into the Ahpun Eastern extension. NSIA is struggling to keep up with evaluating all the resources so other independent experts have been drafted to complete reports that will enable partners to conclude due dilgence on financial terms to support these developments. The shorts are still spinnning doom and gloom. There's no secret about the potential need to raise some cash from shareholders but our chairman very clearly wants to limit the amount raised by this means and it isn't necessary until the end of the year (see post 14990 here). It will come after conclusion of vendor finance deals. It will come after an announcement on gas from Alaska. It will come after the share price is a lot higher than it is now. At some point in the not too distant future the price of Pantheon shares will explode. Why risk being short? |
Posted at 06/3/2024 12:06 by jessieduke2 I think PANR would have known that the AGDC were presenting to the finance subcommittee. The fact it is now confirmed it’s PANR’s gas that is pipeline quality worthy <3% Co2 (as they are talking to consumers), we can further posit it is indeed PANR’s gas that has caused the AGDC to move to AlaskaLNG plan B. (Which was my speculation after watching the video of the meeting) Here’s the [FIS] report link: In view of yesterday’s holding RNS, we can now assume PANR have been at the top table working with the State all along.I’ve thought about the timing of that public presentation which is now just 2 weeks before the industry gathers at Ceraweek held in Houston , (hxxps://ceraweek.co I’m thinking there could be a State announcement at Ceraweek. If I’m wrong on that and all the ducks are not aligned then the presentation to the Finance Subcommittee on the 26th Feb may not have presented to the legislature the plan B at this stage. (IMO) Does that make sense to you? The AGDC are talking about instruction of FEED from July 2024 which is very soon. So if that’s the position from the AGDC perspective, I believe they would have terms of agreement in place with PANR on indicative sale volumes and price ranges to work through economics inline with PANR’s production model and schedule. I think it must have been expected that journalists would write up the meeting and put it into the public domain. I was sent an article and looked up the meeting as a result. The market is beginning to join the dots. What we don’t know is if the gas pipeline piece is linked to the funding news or if that’s separate or multiple events, the first of which is promised before end of Q1. If that’s not a buying opportunity, with a market cap of £267 ($335), 2b barrels recoverable and so far 4,482 Bcf of gas, I don’t know what is. All the best Flight ✈️ |
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