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
  +0.28p +1.59% 17.90p 17.70p 17.90p 17.90p 17.70p 17.70p 77,066 16:29:22
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.0 -8.8 -3.7 - 90

Pantheon Resources Share Discussion Threads

Showing 37151 to 37174 of 37175 messages
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DateSubjectAuthorDiscuss
20/10/2019
01:33
"even 10% of the current mc looks generous to me"... Well, I think we have established how credible that opinion is; utter dribble.
metalbee
19/10/2019
19:26
I remember such a well researched piece by them on MKA saying they didn't like or trust management and it was a sell at just below 4p. Several weeks later it was 10p. Bravo sharprophets.
soulsauce
19/10/2019
19:20
Just a taste of the ShareProphets bear case: Regardless, these are decent worthwhile numbers and one would have thought that such positive progress would have delighted the 25% equity JV partner in Alkaid and the Phecda prospect. Yet Haliburton, the 25% equity holding JV partner walked away yesterday and handed its 25% back to the company, for no consideration. To me that says Haliburton saw no value in these prospects worthy of investment. One would have thought that Haliburton would have sold this stake if there was value to others. If one of the world’s leading oil services company sees nothing of value meriting investment in these Alaskan assets, why should I or anyone else. Several matters are very material to me – most important is the valuations put on the assets in Texas and Alaska by the JV partners seem to be dramatically lower than Pantheon’s market cap is pricing the assets at. I also note that no independent resource assessment has been undertaken on any of the assets and I fail to see how the rules detailed in the AIM Note for Mining, Oil and Gas Companies which forms part of the more general AIM company rules are being followed. There is no statement that either CIM (Canadian Institute of Mining, Metallurgy and Petroleum) or SPE (The Society of Petroleum Engineers) evaluation methodologies are being followed. Regardless of this lack of clarity, I do not trust any resource estimates provided by the management The clear low valuations provided by the 3rd party asset transactions and the ability of the company to drill holes to achieve not a lot, leads me to conclude there is no justification what’s so ever for the current £89 million market cap. Even 10% of that looks generous to me. The shares, at 18.3p, are a slam dunk SELL.
michaelmcandrew
19/10/2019
17:30
Good point soulsource!
astralvision
19/10/2019
15:58
Shareprophets lol a contrarian flag if I ever saw one.
soulsauce
19/10/2019
15:38
Halliburton didn’t give Alkaid away, at a minimum they had to write a $5m cheque to earn back into the asset. As to them being able to piggyback on to Pantheon’s JV discussions? Why would Pantheon inform them of the status of those?
davidblack
19/10/2019
11:29
KAV By all accounts Mikes Moles is now at the drill site on the northern part of the KSZ with Hillary Gumbo and the whole local KAV team. A live from drill site interview with Mike Moles is planned for early next week. Very exciting times!
cpap man
19/10/2019
11:01
Or perhaps our bod have stumbled across the ability to turn water into wine (oil?!), get 25% for nowt then do a farm in deal for 25% for a $100m value.That sounds likely! Ok, unfortunately not. If Halliburton are happy to give away 25% then one is hard pushed to see another third party coming in showering us with $$$$.Yet the assets look excellent, so is there something here we just ain't getting?
astralvision
19/10/2019
10:57
Good points bit coin.Anyone got a reasonable answer?I think there is a suggestion that Halliburton will get the gig in terms of drilling/services, which would go some way to assuaging concerns, but then that surely would have been in the RNS?
astralvision
19/10/2019
10:37
looking at it from a different angle why didn't Halli buy the 25% for $5 million then sell it on for a massive profit because clearly the jv partner will be paying a hell of a lot more that $5 for 25%, Aye! unless of course the market analysis of the asset is less than our resident experts believe?
bit coin
19/10/2019
09:45
Is there a concern that Halliburton giving up their stake for nothing sets a low bar in terms of farm out stakes?I guess we will find out in due course.
astralvision
18/10/2019
18:47
Superb week for Pantheon increasing percentage in Alaska adds so much value and leaves things nicely clear for the farm out process. I suspect we may see the pace quicken over the next few weeks in Alaska now this deal is done. All Pantheon can do is keep ticking the boxes eventually the market will wake up. Surprised a few more from the recent presentations haven't tucked these away each to their own I guess but I doubt you will find anything better on a 12 month view GLA BTG
btgman
18/10/2019
16:26
its a holiday for Jay everyday, wtf does he do anymore now that he has a BOD/consultants with more members that BP, his supposed expertise was Texas, but that is currently in stasis, Aye!
bit coin
18/10/2019
13:29
Clickable HTTPS://audioboom.com/posts/7373130-dave-wall-managing-director-of-88-energy-answers-shareholder-questions
davidblack
18/10/2019
12:42
I thought this podcast from 88e is worth a listen and provides some insight into their recent Farm out and discussion about partners.hTTps://audioboom.com/posts/7373130-dave-wall-managing-director-of-88-energy-answers-shareholder-questionsThere drill has many similarities to Talitha in regards to close to previous drill which had oil shows and therefore is also considered appraisal. Please note I understand they are not the same.
rabito79
18/10/2019
11:40
Is it a bank holiday?
chuffer2
18/10/2019
09:39
Those sells yesterday were in fact sells. The odd buy in between at higher prices is proof enough. Why can’t people just accept that shares do get sold and there’s no one with DMA picking them up on the buy side? Jeez.
michaelsadvfn
18/10/2019
09:09
Quite so spangle. This assumption that those trades yesterday were sales may well be incorrect. I have no idea why people think they know such things! Just because trades take place at or near the bid price certainly doesn't stop them being buys. My last trade, in another stock obviously, was a purchase at 103.03 when the quote was 103-106 and I don't even have DMA. Well, an hour into the trading day. Total volume nil, zero, nada. Can't say I'm surprised.
hiddendepths
18/10/2019
06:11
Well, I think it sounds like a good move for PANR, since it simplifies the farm-out and confirms the contingent resources at Alkaid/Phecda/Talitha. Halliburton don't do seismic, other than borehole. Halliburton are primarily providers of integrated drilling and completion services, and compete in that space with Schlumberger and Baker Hughes. They also have land drill rigs, but I'm not sure if any are in Alaska. I don't see why there is any expectation of future PANR work for them. My guess is that this farm in option dated back to before the oil price crash at the end of 2014 when companies like Halliburton and schlumberger were cutting deals to manage field developments on behalf of companies that had stretched internal resources, or with governments to revitalise or develop fields by taking a cut of the revenue/bbl. When the industry retrenched in response to the low oil price, these non-core activities were discreetly not pursued any longer. It's not part of the company philosophy to hold equity in fields.
spangle93
17/10/2019
16:51
Most likely DMA and someone not willing to chase the price too hard. Following today’s announcement Pantheon can now push the commercial aspect of any JV which they haven’t been able to do till now. No doubt the geological conversations have been had but until today it would have been counter productive to try to do a JV on Alkaid. That would have been like giving Halliburton a free Christmas present and consigning Pantheon to being a junior partner in any future JV. The next eight or nine weeks ahead of Christmas should be interesting.
davidblack
17/10/2019
16:44
David I think you are right. If the Mms were seeing sellers on balance you can be sure the share price would be down on the day. I believe it either a MM is working a buy order and the other side is yet to print or, someone using DMA in which case it goes straight to the buyer. Mms do not run very big books in illiquid AIM stocks nowadays
fatbloke4
17/10/2019
16:36
My guess is there is someone else collecting beyond the MM’s who generally don’t have the stomach to buy in large volume unless they are filling an order.
davidblack
17/10/2019
16:32
Apparently every trade since noon was a sale, 600k approx. Somebody clearly has been collecting those shares from the departing holders... The only ones collecting are the mm’s. There have been no buy trades.
michaelsadvfn
17/10/2019
15:49
In saying ttat the eSeis deal does provide some comfort until farmout.
rabito79
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