Pantheon Resources Share Discussion Threads

[probabilityofsuccess] 31/3/2022 10:41

Bottom line with Pro is, he’s a trader and will use ANY tactics whatsoever to make money. As long as everyone recognises that and doesn’t act or become unduly influenced on what he says it’s cool. Emotive posts about disasters, disgusting, mauled just play into his hands (I think they are from people who are caught betwixt and between ‘traders’; and ‘investorsR17; and uncertain in their own calls on those things).

It’s all a learning curve - reflect on what you are good at (and bad at) and, most importantly, be aware of posters MO and motives behind what they write. The latter is very, very easy to work out simply by looking at post history.

PS Pro isn’t very subtle - some posters, to give them their due, are a lot more subtle, so always be aware! Post history is your friend.

[jscowi] 31/3/2022 10:32

Greed, its as simple as that.





forwood31 Mar '22 - 10:07 - 25140 of 25141
0 1 0
25136 is an excellent post echoridge. Completely nails the misdirection from Pro, who really should just give up.

Pro - for the 3rd time of asking, what exactly is your motive here in trying to talk this down? Do you have a down spread bet or other short on this, or what?

[gozo] 31/3/2022 10:20

Pretty obvious to me ... drive the share price down , buy at lows in readiness for the webinar So transparent - sad really

[forwood] 31/3/2022 10:07

25136 is an excellent post echoridge. Completely nails the misdirection from Pro, who really should just give up.

Pro - for the 3rd time of asking, what exactly is your motive here in trying to talk this down? Do you have a down spread bet or other short on this, or what?

[rideacockhorse] 31/3/2022 09:54

BOD's primary (and clearly stated) aim is to ultimately sell for an share price far in advance of today's.

The primary question therefore is, has this season's testing advanced that aim or put it back? Given what is now known, is a third party more or less likely to be interested in PANR - or indeed in a farm out?

Can't help thinking in the months to come we might have an answer on this latter point. Share price trend over the past 12 months is telling its own story. Daily fluctuations of a few percent and armchair experts under assumed names on BB's bear no relevance whatsoever to the A game going on here with this BOD.

Avoid being distracted by self-promoted know-alls who do not know all. Look beyond them. The prize might be nearer than you think.

[echoridge] 31/3/2022 09:37

Oh, and another thing (again): this is also part of the reason why Scot is so right about how the webinar is going to rock. 'Nuance' will finally be able to be conveyed along with some likely upgrades to resources and maybe even, reserves.

[tizo100] 31/3/2022 09:34

Bagged a few more only one way this is going when the day traders have gone thanks for a cheap top up

[echoridge] 31/3/2022 09:32

ha, quazzle, I'm quite aware of that and so much more, thanks. The reason I posted, aside from pointing out the sneaky upgrade contained in the report, was to highlight the one thing that absolutely undergirds every other statement of fact or opinion here or on any other board, and that is, For any AIM company, ESPECIALLY one like pantheon where every public utterance can cause massive moves in the public share price, the standards of information disclosure - factual, but in particular, management views or opinions - is so comprehensively and intimately scrutinised by the Board and the NOMAD, that 99.99% of the time, the decision is taken to err on the side of (supreme) caution and 'under-report' if you like, rather than what any rational person might otherwise decide. The result is always the same: companies like Pantheon are so often unable to provide nuance around decisions (like, oh I don't know, how having the time to clean up the frat fluid might likely have resulted in higher flow rates at TW), and are often forced to tone down the use of what's considered overly promotional language, etc. The only exception to this for a company like pantheon, is there are NO exceptions >>>>> THEREFORE/QED/AS A RESULT: 1. when the company IS able to use such language like 'thrilled', 'achieved all our goals', 'excited', 'proud', you can 100% be assured that, in order to get past their very own High Sparrow and use such descriptive language, their conclusions from the DATA is of the very highest standards of accuracy; and 2. by the same token therefore, trolly wannabes on anonymous message boards have absolutely NO standing to make wildly unsubstantiated claims like the 'flow was only a dribble so why risk going back in and that's why they're upping sticks', or ANY other nonsense which implicitly violates the KNOWN standard of care imposed on the Company by its NOMAD by setting up a clear logical fallacy between the troll's idiotic claim(s) and the ambitious, upbeat statements allowed to appear in the Company's public statements. THAT'S why I posted, quazzle. Not to battle but to conquer.

[evilblues] 31/3/2022 09:20

Usual cod analysis & psychology from Willow the Wisp.

[ringsing1] 31/3/2022 09:17

No Pro, that is not the same, and if you genuinely think it is, you should stop posting while you educate yourself. A course in statistics and probability will be helpful, or you could (as I did ages ago) opt for a certification in Risk Management. Your views would be more welcome if they weren’t mostly utter nonsense !!!

[pro_s2009] 31/3/2022 09:05

"Collectively, the Company estimates these three 100% owned projects have the potential to contain 17 billion barrels of OIP and over 2.2bn barrels of recoverable resource."

Is the same as

"If you buy a lottery ticket you have the POTENTIAL to win and be a millionaire"


They may in fact have 50 billion barrels of OIP and NONE of it is commercially profitable recoverable" It might all be non-commercial.

Failed to do the Talitha horizontal last winter as promised.
Failed to do a horizontal at Alkaid last summer as promised.
Failed so far to prove commerically recoverable oil at Theta West (needs a horizontal production test)
Failed so far to prove commercially recoverable oil at Talitha (need a horizontal production test)

Finally, a horizontal with the potential to prove, or disprove, they have commercial oil at Alkaid is going to happen in the summer of 2022.

That is the harsh reality of the situation.

Yes, there will be lots of pumping into the late April Webinar, but for sure, imo as per every PANR Webinar, once the pumping is done there will be a big sell off in May after the Webinar and then a recovery in June before Alkaid-2 starts drilling in the summer.

Thats the expected trading pattern.

Now, profit taking ahead of tax year end. Share price going down.
Short terms buying in mid April ahead of Webinar. Share price going up.
Short terms selling on the day of the Webinar or in the days after. Down.
Lots of selling in May as is normal and as the Webinar excitement fades. Down more.
Buying back in June ahead of Alkaid. Up she goes.


Plenty of share price movement to trade ahead imo.

[quazie12] 31/3/2022 08:55

Echoridge Bulletin boards have always been full of posters with their own agendas and an ability to use a thousand words when none would suffice. Its called noise. Today they focused on the plugged and abandoned part of JCs comment instead of the far more significant production wells.The market is a voting machine short term and weighing machine long term. I just thank them for my cheap shares this morning Q12

[references] 31/3/2022 08:54

To be able to reaffirm 17bn of OIP and a recoverable 2.2bn, which is at a conservative recovery rate of 13%, is good enough for me, especially when all three of these figures will likely be upgraded in the coming years as per other finds in Alaska. Short term traders want out because limited news flow now for a little while, plus bond holders will be converting and selling as their game isn’t playing long only equity positions. However for those who can wait twelve months, the ducks are aligning in a row - demand for Western light oil, production from July, and big potential value uplift if you ascribe $3-4 on recoverable oil in the ground. I reckon that the year ahead could well be the best paid year of my life, with limited downside. See you in 12 months. And a word to all you nonsense speakers out there on this BB, for God’s sake don’t waste the next 12 months screeching and scratching each other’s eyes out. Get out and get a life and enjoy the next 12 months!! AIMO, GLTA, DYOR. Take care.

[echoridge] 31/3/2022 08:30

God, what a load of ignorant nonsense from some of you. Seriously, pro, are you high? You think in this hyper-sensitive regulatory environment that a NOMAD would allow a company to come within a country mile of a statement like this if the testing results were not what the Company claim but rather what you ignorantly insist is the case?!? :

"Collectively, the Company estimates these three 100% owned projects have the potential to contain 17 billion barrels of OIP and over 2.2bn barrels of recoverable resource." That's bigger than analysts have gone anywhere near; most still attribute value for Alkaid and Talitha SMD (with a whiff of highly discounted TW). Pre drill for TW was 12.1 / 1.4 so is there an upgrade to TW now in their "Company estimates" ? They go on to say that the pre-drill will be "reviewed and updated in due course...". This completely supports Scot's almost self-evident contention that the webinar will contain fireworks.

Set against what the company asked investors to fund in December, I believe that an objective look would depict a very successful drilling season; in fact, the company has come away not just proving the movability of what it discovered in 2021 and 2022, but also getting Talitha SFS back onto the analysts' (all two of them...) SOTP radar.

[winner66] 31/3/2022 08:29

We are where we are , which is far lower in terms of share price than we should be .
There are many things to be pleased with but many to be dissatisfied with. I’m not referring to weather conditions or operational issues with contractors , cement etc . I’m referring in the main to the following.
Financial management in terms of fund raise at 70p when 7 trading days prior to that the share price was in the 90 p range.
The bond as by way of accessing capital. Far more prudent would of to be allow shareholders to fund the whole project . It would of been still oversubscribed I’m sure. The public relations negative of their own broker and the negative impact of analysts write up. Ambiguity and mixed statements just days apart.these are issues that create doubt and concern . The medium term investment case is great. But it needs to be realised and I’m not certain shareholder confidence will get us there price wise , so it’s going to need a take over. The micro and macro economic storm is perfect . So why would a major not step in now with a lower bid ? Only if the risk to production remains to high. And there is the question !!!!!

[bulltradept] 31/3/2022 08:29

Not sure what else you were expecting at this stage?

Volume appears quite high at this time of the morning with over a million in the first hour of trading.

Will be watching with interest.

GLA.

[unlikely2] 31/3/2022 08:21

Anyone with the least practical experience of drilling operations and of working in zub zero and storm conditions will appreciate what Pantheon have acheived this winter.
Most importantly they have completed the work without accident or incident.
There will be learning points - as with all operations - and screw-ups we will not wish to see repeated. Normal.

I remain very positive and look forward to the webinar.

[sheikhspeare1] 31/3/2022 08:21

Interesting bit of new info from Note 10 to the accounts, below. I wonder to what extent the narrow liner used to resolve the cement issue may have impacted the flow rates experienced from LBFF at Theta West?A cement stage tool was improperly configured, placing cement inside the casing rather than outside casing as intended. The Company was able to successfully remediate the issue which cost time and money, however the Company does not believe this has compromised the reservoir potential in any way. However, to correct the issue required setting a narrow steel liner within the wellbore which resulted in a compromised wellbore design, with the newly inserted narrow liner forming a junction with the significantly larger diameter existing steel casing within the wellbore which may or may not impact tested flow rates. Given Theta West #1 is a test well and the objective is to plug and abandon it at the end of the season, whilst it may impact tested flow rates it should not impact the Company's ability to confirm the presence and movability of the oil, which are the primary objectives of the testing programme.

[sirmark] 31/3/2022 08:20

Many like myself would have had a feeling that with the next storm coming in, it’s prudent use of company funds to bring an end to the testing knowing we have sufficient data to conclude what we have and also that the extra spend now could be the difference of 1 or 2 wells this summer and I know what I would prefer.

[highly geared] 31/3/2022 08:14

The last pieces of the jigsaw are to confirm oil will flow in the SMD ( Alkaid 2 and Talitha Q1 2023 side track) and deliver a dedicated extended LBFF test at TW2 Q1.

After that, farm out or sell somewhere between £5-8/share , 2023-24.

[probabilityofsuccess] 31/3/2022 08:04

absolute disaster? No
Destroy confidence? Absolutely not!

Way, way, way, too much emotion again.

[scot126] 31/3/2022 08:04

Nonsense FifthElementInvesting. Good to know you simultaneously a) appear to believe PANR management has power over the Arctic weather and b) know so little about E&P such that you are unaware vertical test wells are P&A'd all the time.

Bravo! A world class idiotic post! Kudos to you.

[pro_s2009] 31/3/2022 08:04

Its P&A because, my opinion, the flow rates and thickness of pay zones (shales) is not good enough for a horizontal.

They will have to select a different location for the Theta West #2 well next winter, and should plan to do a mini-horizontal from that to try to prove commerciality.

The big one next is Alkaid-2. Big risk now, if the horizontal fails at Alkaid its a massive blow and leaves them with nothing, until they can do a successful horizontal at Theta West #2.

SMD falied to flow at Talitha....and that is now the risk ahead of Alkaid-2 with the SMD.

Big upside on success, big downside on failure. Thats the game.

[pannikin] 31/3/2022 08:03

PRO, the man so smart that he can predict the weather, but so inconsistent that he sold PANR in the 30s to but TXP in the 160s.I am however unable to predict the weather but managed to sell TXP in the 150s and buy PANR in the 30s. One of us made 700% on that transaction whilst the other lost >80%. One of us didn't have £60k in 88e when the share price halved.Tell us how good you are at investing PRO.