Pantheon Resources Share Discussion Threads

[mlf51] 31/10/2022 06:41

Job done, having made a hash of arguing against GBP you resort to personal attacks,very grown up even pro ish.

[rabito79] 30/10/2022 23:39

Truant, what a surprise still on the Texas piece.a) Nobody is claiming the third party support from those mentioned guarantees commerciality. Just like Halliburton choosing not to invest disproves commerciality. Please note eSeis will only be paid further on production of resources beyond the Alkaid Unit.b) Management have commissioned two IERs and I have reached out to those more familiar with IERs/CPRs and was pointed out the minor differences. I am also comfortable that two independently verified ~1000ft oil columns 10.5 miles apart will likely deliver massive resource numbers in line with what management have released. As you have been told before management have stated they haven't released the IERs due to proprietary information in the reports, I am comfortable with this.Note what is enough to prove a resource is genuine is flowing oil during a flow test which has happened at Alkaid, SFS and BFF (in two separate locations 10.5 miles apart)c) No proven reserves but proven resources, everybody gets this not just you. Note the Texas reference again, it's really all you have isn't it.History may not repeat itself......... but you certainly do - Rabito79

[truant2tb1] 30/10/2022 22:38

Credit to Forwood, at least he can string a coherent sentence together and try and mount a defence of PANR

Regrettably the same can't be said of intellectual Titans like Messrs Mlf51 and Mike290!!

LOL

[olderwiser2] 30/10/2022 20:51

A strange strategy from the troupe of recently arrived shorters. Talking the creatively produced negatives at this point, would it not be better to have a higher price to short from.
Their confidence in a poor flow result would then be even more rewarding, I suspect their confidence is lacking and the plan is to close prior to the flow results burning the shorts off their exposed buttocks.
That is a strategy that would more closely match the well data.

[rabito79] 30/10/2022 20:07

'Retail punters appear to have jumped to the conclusion that there's definitely oil and it's all worth a market cap of £760m.'LKA, Baker Hughes, SoA DNR and eSeis all appear to have 'jumped' to the same conclusion. In fairness the oil flowing in previous flow tests is a clue. The bears are not to keen to discuss these points, most seem to claim it's a fraud involving all the above companies/government agencies.The oil is there, it's about commerciality now. All we have seen on this point is unsubstantiated guesses at flow rates from the bears, most who don't have the knowledge and expertise to calculate the flow rates they are claiming.At £760M the resources are valued at under $0.40 per barrel. This doesn't overpriced to me given current and near future outlook on oil prices and the work carried out to date.

[forwood] 30/10/2022 16:39

Jeez, Truant, I could do a better job of a bear case than the one put forward by you.

a) the lack of IIs? 35% atm, but many institutions won't invest in companies that don't have income. Expect that to change when production holes start generating revenue.

b) the absence of a farm out 4 yrs on- would you expact a major oil company to make a significant investment in a project that has yet to prove flow? We were told there was one recently but Jay turned them down when they decided last minute to reduce their offer.

c) the replay of the Texas modus operandi?! This really is an old canard, and others can tell the story better than I but they were in partnership with a production group that was error prone. Jay talked the talk, which is what I would expect from someone in his position, but his confidence in the partnership was misplaced. Here, the partnership with Great Bear is a different order of professionalism. In addition, the 3rd party expertise and validation of the resources and drill results is also top notch.

The Halliburton story I dealt with previously: they did not relinguish their interest in the acreage for nothing but surrendered their 25% working interest in the six leases jointly held with Pantheon, in return for Pantheon accepting full responsibility for all future lease obligations (ie H's responsibilities for future development projects and costs).

[rabito79] 30/10/2022 11:30

'There's nothing Jay could do that'd have you questioning the company... that's a very dangerous mindset to have as a PI'Perhaps you should listen to your own advice. You cling to the third party Halliburton piece and yet fail to acknowledge the other third party support via LKA, eSeis, Baker Hughes and SoA DNR.You repeatedly mention Texas but fail to acknowledge the success the board and strategic partners have had at ARCO, Pioneer, BP, Union Texas Petroleum, Exxon etc.Likewise no acknowledgement of standard industry modelling (including third party modelling) provided by Pantheon to support their commerciality claims.A very dangerous mindset indeed

[fifthelementinvesting] 30/10/2022 11:19

Rabito, Truant doesnt really understand data. So leave him to his short. Be amusing when the flow data comes out and everyone will know his position is in tatters. I first bought panr at 12p. I absolutely cannot loose capital since I locked in 6x my original investment so far. Cant say the same for poor old Truant who no doubt didnt start his short at the top. Small gains and then he lost them on the reversal. Hes basically doomed. Ha.

[rabito79] 30/10/2022 09:00

Truant2tb, the success that FifthEkement is likely referring to is the opportunity to make some money from the lows of 7p to the highs of £1.40. Some people will have top sliced or locked in gains of various multi bags and can't lose now. Meanwhile you are whopping 30% up if you bought at the very top and have an remaining unlimited risk while your short remains open.You keep clinging to the Halliburton and Texas piece to justify your short. The reality is your short is totally dependent on the results of the flow rates and data to date points to success with the outside risk coming from longer term decline rates. I would imagine that most long term holders are sitting a lot more comfortably than you are right now knowing the odds are on their side and they have limited the risk to the downside. Yet you come on here claiming we are the stupid ones. I find it quite funny really.

[truant2tb1] 29/10/2022 23:45

FifthElementWhat success are you referring to? PANR is 30% off it's recent highs with a death spiral in full flow.I'm delighted I was able to short from such a high valuation- the fact there's so much air below is one of the MANY reasons this is such an attractive sell.There's nothing Jay could do that'd have you questioning the company... that's a very dangerous mindset to have as a PI. Just ask ODX, CINE, STX and AMGO bagholders ;)

[fifthelementinvesting] 29/10/2022 17:06

Truant, you sound pretty wound up by PANRs current success. Sorry your short isnt working out. Better luck next time eh. Good lad.

[mlf51] 29/10/2022 14:55

I think you'll find that's exactly what they are doing. Pop back in a few weeks.

[mike290] 29/10/2022 14:54

truant, You sound a little cross ;-)

[truant2tb1] 29/10/2022 14:37

Mike290Too dim to grasp that the reason Cheatham is promoting well drilling next spring / summer is it enables him to drag out this story for longer! Any serious O&G co would be getting on with it now and getting to commercialisation!

[truant2tb1] 29/10/2022 14:33

For those of your wishing to be brainwashed and doused in PANR propaganda pls join the true believers like Mike290 in their "special" private chat room!!Mike290I don't suppose your cosy private room coherently explains:a) the lack of IIs? b) the absence of a farm out 4 yrs on or c) the replay of the Texas modus operandi?!No thought not LOL