Pantheon Resources Share Discussion Threads

[amaretto1] 13/11/2022 06:52

2 for 1 burgers ....Dalton highway burgers 4 u Thursday all day.

[forwood] 13/11/2022 01:00

ringsing - see my post here:

It was a 10 figure sum. I don't think the proposed deal discussed November 2021 talked about a percentage of the company. The information was disclosed subsequently, as referenced in the post above.

[rabito79] 13/11/2022 00:23

And JakNife claimed SoA are in the pockets as well . Is that because PANR paid them for leases? Strange other companies have bought leases and not been awarded production units.

[rabito79] 13/11/2022 00:04

So why did the forego ~$2M then, have they 'swallowed the mgmt line hook, line and sinker' too?

[chris0805] 13/11/2022 00:03

Don't see any evidence of you having done any homework.. Please enlighten us all with your hard facts from your extensive research ( homework??) on the investment case. None taken...

[truant2tb1] 12/11/2022 23:17

Rabito79You're not very good at this ramping lark are you?RNS 29 June 2019"eSeis will undertake the work for a heavily discounted rate (which management estimate to be a saving of $1.5 - $2m to the company) in exchange for a 1% overriding royalty interest".So yet again you're factually incorrect. eSeis ARE getting paid by PANR! Supposedly at a "discount" which no doubt would be open to interpretation.Off you pop

[rabito79] 12/11/2022 22:46

Truant, you would need to know a technical expert to do that. Stick to the Texas and Halliburton line.

[ringsing1] 12/11/2022 22:17

can somebody pls remind me when it was that negotiations with a 3-party produced an offer of what I think was referred to “as in the low 9-figures”. As I recall it was not a formal offer, but a discussion point brought by the third party, for what I think was a 50% stake. I’m just interested in refreshing at what point in time this alleged negotiation happen, and when the management team shared this with the public, and what the precise details were (as I do not recall these any longer)… TIA

[truant2tb1] 12/11/2022 21:38

The difference btw the bulls and bears here is the bears have actively down their homework and questioned everything surrounding the story. Most of the bulls have swallowed the mgmt line hook, line and sinker. That's how frauds succeed.I'd love to read an independent CPR and have it assessed by technical experts. Unfortunately PANR won't release such a document... and we all know why - deep down you know why as well bulls...

[bad gateway] 12/11/2022 20:23

Interesting, swindle or one of his cohorts is very busy marking down the short posts.
Seems very insecure action to take imo.

[bad gateway] 12/11/2022 20:05

Well on balance glad to be short again over the weekend. Wasn't impressed with the attempt at the deadcat Friday.
See what Monday brings.

[amaretto1] 12/11/2022 19:35

Increasing short Monday !

[mlf51] 12/11/2022 19:35

Well said forward but you know they will just ignore it all and carry on regardless all those points have been explained to them before and yet we are here again. It's just a wind up.

[rabito79] 12/11/2022 19:02

JakNife,Pantheon aren't paying eSeis bills. They will be paid only on production. Likewise SoA DNR.

[truant2tb1] 12/11/2022 18:51

Citing the ramblings of Scot126 is a new low ForwoodDo better

[forwood] 12/11/2022 18:18

JakNife - like your 'research' you haven't read my post. Note the last sentence, 2nd para - (notwithstanding the lack of a farmin, the director sales, & Texas history of drill failures). I have'nt ignored anything, but do get tired of having to repeat the rebuttals which you like to ignore and repeat the previous slanders. So who's ignoring things JakNife?

To some extent Texas has been rebutted, because the failure was mostly due to the partner company Vision that did the drilling. Pantheon did not control that drilling. Pantheon acquired Great Bear and it's their expertise which now carries out the drilling in Alaska.

So once again, the 'points', (see my posts 1311, 1325 & 1332 on the 'Billions of barrels of oil' thread which refer, here's a link

* recent director sales - yep, can't disagree that one. I think it was a big mistake, as it gave you and others an excuse to cry foul. The Directors' excuse was that they wouldn't have another opportunity to sell options due to being inside the company while it was conducting operations which would have a material impact on the company. True too, and it was the first such sales in the company's history, bar one of the Director's wives sale about 9 months ago.

* no farm in - true but if you listen to the interviews/webinars I pointed you to, you'll have heard they were close to one last November and were talking a billion dollar sum. At the last minute, the company revised its offer downwards and PANR would not accept it. They say they're still talking but decided to prove the resource in the best way possible, through the flow test. They are confident there'll be a new offer on the conclusion of the flow test, if not before.

* 'death spiral' finance - you say it is, others say it isn't. I don't particularly like it, because it encourages the bondholders to sell shares that they are awarded more cheaply than the prevailing share price. However, that is controlled and limited on a quarterly basis, to no more than one or two days turnover.

* the Halliburton so called 'give away' on leases. Yes, H surrendered their 25% non-controlling interest in 6 leases, and were glad to do so. It saved them $millions in development obligations and on-going lease costs. At the time H was in financial trouble - $1.1bn loss for 2019, which grew to almost $3bn loss for 2020, so the ability to save money was very attractive. The oil price then was c $46 a barrel, < half what it is now, so the potential gain with oil double was not as great. It was also a non-core business for them. Also, as we've seen, leases don't cost the earth. PANR just acquired 36 leases for just over $1m. I understand also $2m money did change hands. So at the time H probably though they'd done very well.

* Alkaid delay - yes, can't deny it is later than advertised by a month. There's some fracking sand that needs clearing out - not an unusual event - and it needs specialist equipment and team to work it over. So what?

* Peel Hunt sell note. Riddled with inaccuracies, yet even that had a risked NAV of 252p a share. Hard to understand their negativity other than in context of they wanted to be PANR's nomad but were turned down. PH's report has met extensive rebuttal from the bull side including:
- Scot126's rebuttal of a number of statements made by Peel Hunt in posts 26462, 26581, 26778 here. Also Scot126's rebuttal to PH's argument made on the first page of PH's report are in post 26778.
- See HFC's posts 26574 and 26584.
- See marto1000's comments in post 26788
- See olderwiser2's comments in post 26837

These links and a lot more are all listed in Darcon's updated 1st post to this thread - clearly not something you've bothered to read, or if you have, to accept, even though most people would say it was an even handed summary of positive and negative views.

From there you will see that brokers Canaccord (Charlie Sharp) and WH Ireland (Brendan Long) have Speculative Buy ratings on the stock. Canaccord's target price was stated as 300p on 29 July 2022 and WHIreland's most recently reiterated pre-drill fair value estimate was 208p on 18 August 2022.

So, unless you've got something new to say, please just desist repeating these 'points', as I - and no doubt others - will just keep on repeating the rebuttals.

[truant2tb1] 12/11/2022 17:10

Muddy Waters vs Forewood and co... I know who my money is on ?It'll be interesting to what the next yarn spun by Jay and co will be. He won't outright say the flow test failed, he'll obfuscate with another word salad. Same modus operandi as Texas, the project got quietly dropped - Jay & co didn't admit it'd failed until the new Alaskan story was up and running ? ?