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
  -0.44 -2.56% 16.76 17.32 17.64 16.76 16.76 16.76 75,265 14:18:42
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.0 -8.8 -3.7 - 84

Pantheon Resources Share Discussion Threads

Showing 37201 to 37224 of 37225 messages
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DateSubjectAuthorDiscuss
23/10/2019
12:05
BitcoinShut the #%#@ upSick n tired of your moaningDon't like it Sell...move on..So easyYou sound like an old scorned woman
waterpolo
23/10/2019
10:07
11 months ago Jay gave us this good news......................but after considerable cost hooking up to the pipeline he didn't actually produce any meaningful cash flow. like everything he's done in the past 5 years, after boasting that he's cracked the code and found a ton of gas and oil in six discoveries, he then does FA about monetising the asset. I dread to think how this latest venture with GB will pan out? - but he and his gang of geriatrics needn't worry whilst drawing down handsome salaries. ----------------------------- First production Tyler County The VOS#1 well was connected to the Enterprise pipeline system on 1 November. Cleaning up the well, which had been shut-in for over 2 years, has taken time. The well is being conservatively managed and is today producing at a rate of 2,000 mcfpd with a trace of oil on a 10/64ths choke. The flowing tubing pressure ("FTP") is 7800 psi. Jay Cheatham, CEO, stated "After over a 2 year shut-in period the well is exhibiting good characteristics with good reservoir energy. Now that Pantheon controls operations, we will manage this well conservatively in order to avoid any reservoir damage. With today's strong gas prices, the well can generate valuable cash flows for Pantheon."
bit coin
23/10/2019
08:48
rivin, From where are we going to get institutional investors? We’ve had the US roadshow, we’ve had BR visiting London and the only institutional activity was one of them dumping a load a few weeks back. Highly likely PANR is too early stage for most to take an interest. The support of a JV partner might see a few taking a closer look but that could be months away. I’m not expecting anything on that front until well into next year.
michaelsadvfn
22/10/2019
15:35
Looking good Jay,well done to you and the team......jeez!
chuffer2
22/10/2019
11:38
To be fair, dlm, it's been a decent call so far. In the likely event of a halfway decent farm-out I'm sure Malcy will be falling over himself to cover it again!
hiddendepths
22/10/2019
10:24
Malcy removed PANR from his buy list about a year ago. Having effectively told listeners/readers to bail out at 18p, he is hardly likely to say anything positive about the company that shows that this was a wrong call too.
dlm2602
22/10/2019
08:22
DB No need to ask at the next AGM. I support doublestexan statement having been told this years ago by Jay and Justin. In any case we need institutional investors , not more fickle PIs.
rivin
22/10/2019
07:44
That’s not my understanding but I will ask at the next AGM.
davidblack
22/10/2019
05:03
Davidblack, Pantheon never paid for advertising with Malcy and has said so.
doublestexan
21/10/2019
14:32
The question of ‘an independent oil valuation’ is irrelevant at this juncture having only tested 6ft of the 240ft of net pay. I suspect a CPR might be a couple of years away, they first need to properly test Alkaid AND Phecda to have an idea of what they have before calling for an independent assessment. IIRC the Alkaid well was on the fringe of the oil accumulation?
michaelsadvfn
21/10/2019
14:01
Assuming an Alkaid incoming partner is likely to write a $80-$100m dollar cheque they would almost certainly demand a 50% interest. No one would spend that for a minority interest. So on that basis alone the Halliburton 25% is important as Pantheon can cede 50% to the JV partner but still retain 50% and a co-decision maker. But that then leads to the next question. Is Pantheon negotiating with Otto Energy for its 10% interest in Talitha etc? Possibly for a carried royalty interest which means the incoming JV partner picks up 50% of the Otto bill. Another reason for them to focus on the Alkaid JV and park Talitha until they have a decent cheque in the bank?
davidblack
21/10/2019
12:51
It is an odd question but I can see where you are coming from. We may never know the precise reason for the Haliburton agreement but I see positives for Pantheon Shareholders. Indeed, the agreement could prove decisive in terms of shareholder interests depending upon the terms of any farm-out deal. There is a significant advantage to holding the enlarged interest during farm-out negotiations. Lets wait and see what the deal brings.
gorgeousgeorge01
21/10/2019
12:30
Here is an odd question. If Pantheon had done an independent oil valuation on Alkaid and Phecda would Halliburton have elected to pay their $5m back back in fee and have stayed in the deal? If so then not having an independent valuation seems to have been a good call on Pantheon’s part.
davidblack
21/10/2019
11:21
No just the spread has widened. But at close it’s down to 17.2p bid, hey ho.
davidblack
21/10/2019
10:56
sadly down we go --------------------happens every time Jay issues an RNS, for fu@k sake don't issue anymore unless they say we've lifted bucketloads of oil, end of!
bit coin
21/10/2019
10:40
ShareProphets probably need to do some research.The HAL issue can be broken down into the following facts:1. HAL did not participate in the successful production testing operation at Alkaid and have not maintained lease costs over the discovery area hence could be argued they are technically not an owner.2. To be an owner - they would have to pay past lease costs, pay for the testing operation and perhaps penalties for non participation in the testing operations. These were costly due to mobilisation of a new rig, building ice roads and constructing basic production and storage facilities to handle the test crude.3. HAL are an oil service company not an upstream participant and hence this upstream activity at Alkaid is non core and in direct competition with their established clients in Alaska potentially causing them messaging problems with their shareholders and clients. 4. HAL did not just walk away - to stay in the project would have cost immediate millions hence the deal with PANR saved them a lot of money and reputation.5. All this happened at a time when HAL are cutting costs and retrenching people.
marto1000
21/10/2019
10:16
In shareprohets "bear case" did they make any mention of the Esais decision to forgo cash for an interest in Pantheon's future success? Or was including positive indicators not something that fitted with their agenda? Anyone who takes notice of that shareprophets crowd needs to consider whether there is sufficient research or objectivity in their reports. They're not exactly known for their in-depth knowledge or analysis of O&G cos are they?
redhill9
21/10/2019
09:23
"It appears that Halliburton views the Pantheon acreage as having no value at all, in fact being more of a liability than an asset." I see the benefit to Pantheon shareholders in terms of the increased working interest. Simply because Haliburton has passed up the opportunity does not mean that the acreage will not be of some interest to another party and it is premature to infer otherwise. What really matters is the detail of any farm-out, then we will see whether or not the share price enjoys support. I believe that there is the potential for tremendous value realisation in Alaska. I say that it will take time and that it is too early to write the company off in this way. Folk are sometimes hung up over valuations. Certainly fundamental valuations are important but I have to say that they are but one factor of many. No one likes to overpay, indeed most prefer a bargain. However, market valuations are very often in error and there is usually a reflexive relationship between the share price and the fundamentals supposedly reflected by the share price. Then we have the participants biases to consider and the prevailing trend. I contend that any farm-out deal could mark an inflection point and my working assumption until that point is that the market valuation is indeed in error - to the downside.
gorgeousgeorge01
21/10/2019
08:08
33.33333333% to be precise 🙃
michaelsadvfn
21/10/2019
08:00
Great posts, Darcon. With the Halliburton issue now closed, I am optimistic of more positive news being delivered over the next month. People on this forum are well versed in dealing with the little troop of shorters that are once again here in force. If random posters of blogs want to throw out questions as to who and why people would invest in Pantheon, Alkaid well alone can give them 90-135 million reasons why.
metalbee
21/10/2019
07:55
The most interesting question is who supports the share price of this company – and why?
bit coin
21/10/2019
07:49
What is going on here? hxxps://www.share-talk.com/oil-man-jim-company-oil-gas-podcast-19th-october-2019/ Another company hoping to drill in Alaska either this winter or in spring next year is Pantheon Resources, who want to drill a minimum of two wells, subject to completion of a successful farm-out. Therefore, assuming they actually have valuable acreage attractive to a farm-in partner, it was rather surprising to see them announce that Halliburton will transfer their entire working interests in the leases to them in exchange for Pantheon accepting responsibility for future lease obligations. It appears that Halliburton views the Pantheon acreage as having no value at all, in fact being more of a liability than an asset. This isn’t really a surprise to those who follow this company, but how on earth does it continue to maintain a £90 million market cap? The most interesting question is who supports the share price of this company – and why?
2solaris
21/10/2019
07:28
We have just had a 25% increase in reserves this should be heading upwards imho
senttothegallows
21/10/2019
06:52
Db, be careful what you wish for...............still time for Malcy to comment and if its negative we could be in for a rocky ride this week!
bit coin
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