Pantheon Resources Share Discussion Threads

[rabito79] 26/10/2022 15:28

That's one well. PANR isn't valued based on production, it's valued based on the size of the potential resource. As you have just demonstrated these wells have the potential to be very profitable. What happens when you start scale that up to 10wells, 100wells, 1000wells. Obviously it's unlikely that it will Pantheon doing the scale up, but it would appear from your own numbers this can be a highly attractive asset.

[madd_rip] 26/10/2022 15:24

Incorrect, read your initial statement again. You're not as clever as you imagine you are.

[rabito79] 26/10/2022 15:13

'Specifically, the most bullish flow that I expect is an initial flow of 1,200 BOPD falling to 900 BOPD after 6 months and 400 BOPD after 2 years. In total I'm forecasting less than $50m of revenues in the first two years (if it ever gets that far).'Haven't you just described a commercially successful well? I think long term well costs were looking at ~$15M Would be interested to know how you came up with those numbers.

[forwood] 26/10/2022 14:39

..'a rookie mistake' Lol - I'm in 70s pal, and have been trading for years!

So, let's say it does spike to 150 and then continues to 180 or more. Forgive me being sceptical but that will hurt, particularly if you're on c 20%.

This is a very different company from that which operated in Texas. I suggest you go back to your research and have a look at who is supporting their efforts here.

[forwood] 26/10/2022 13:35

This from bloomberg today:

"Short sellers have made $405 billion betting against the market in 2022, earning mark-to-market profits in all but one sector: gravity-defying energy.

Skyrocketing oil and gas stocks have burned short sellers to the tune of $18 billion this year, according to S3 Partners data, forcing money managers betting on a correction in the best-performing sector in the economy to cover their positions in October."

[forwood] 26/10/2022 13:22

yeah, shorts so bullish! You and whose army, eh? So if shorts aren't closing then this rise is bulls continuing to buy. Doesn't it worry you that they might just keep on buying, with your shorts then going deeper and deeper into the red? Then come the results of the flow test, there will be a massive spike up. And given you're so extended (as no doubt you'll keep on buying), this could mean huge losses, even wipe out for some. So please, be our guest.

btw how are you shorting, spreadbetting or CFDs?

[evilblues] 26/10/2022 13:07

https://www.samaritans.org/how-we-can-help/contact-samaritan/

[truant2tb1] 26/10/2022 13:06

Shorts will be adding on any spikes!

[forwood] 26/10/2022 12:51

I think we're already seeing the shorters forced to close!