Pantheon Resources Share Discussion Threads

[rabito79] 14/11/2022 08:11

Why are the Sunday times quoting someone proven of releasing misinformation about shares?

[mlf51] 14/11/2022 08:11

It seems they haven't scared too many people early doors.

[bryproj] 14/11/2022 08:10

Right I am off to my study to top up!

[bad gateway] 14/11/2022 08:10

Closed already, a profits not a profit if you don't take it.

[mlf51] 14/11/2022 08:08

Same here, I'll help them out when they have to buy back, not enough to stop them burning.

[amaretto1] 14/11/2022 08:07

2 for 1 ??

[amaretto1] 14/11/2022 08:07

Don't bet against burger sellers !!!

[bryproj] 14/11/2022 08:04

I would say that I am a typical shareholder that the shorters are trying to frighten - a non- expert who could be swayed easily. Having read the arguments from both sides I am definitely buying more shares if the price drops.

[2022 will be the year] 14/11/2022 07:53

Sit it out the storm and see where we are at the end of the year. IMHO

[miti 1000] 14/11/2022 07:51

swendab,

you clueless muppet...you will see ''in the price' shortly.

[amaretto1] 14/11/2022 07:48

Same deal as my burgers....2 for 1 Roll up ... roll up

[amaretto1] 14/11/2022 07:47

Mmmm......PANR ...SP 150 to 88p ??It seems i know more than the so-called experts on here !!!

[amaretto1] 14/11/2022 07:34

On all orders over 50 dollars today .... FREE Acre of land.

[darcon] 14/11/2022 07:34

miti 1000,

Halliburton couldn't sit on their stake and do nothing because they'd gone non-consent in relation to those exploration leases and were most probably in potential or actual default at the time they'd negotiated and signed their exit deal with Pantheon Great Bear. The JVA between Great Bear and Halliburton JV entity was non-public because that lease acreage was not unitised.

As I haven't seen the JVA I'll refer to a template model joint operating agreement to outline what may be the customary legal consequences of defaulting under a JVA in relation to exploration acreage:

1. the Defaulting Party has no right to:
a) call or attend operating committee or subcommittee meetings
b) have access to any data or information under the JOA
c) consent to or reject data trades between the parties and third parties nor access any data received in such trades
d) consent to or reject any transfer or otherwise exercise any other rights with respect to transfers under the JOA
e) take assignment of any portion of another party's participating interest

2. the Defaulting Party during the Default Period:
a) may not transfer all or part of its Participating Interest, except to non-defaulting parties
b) may transfer all or part of its Participating Interest only if the Defaulting Party cures its default under the JOA or at closing of such transfer


From Pantheon's RNSs we can surmise that Halliburton had a window to decide what to do but it's quite possible that Pantheon were not obliged to share all the information from their 2019 Alkaid drill to help Halliburton with their decision. Halliburton may have been stuck relying on their 2015 drill info and Pantheon's public RNSs.

Moreover, Halliburton couldn't have sat in default for ever because to address such behaviour JVs in relation to exploration acreage typically include provisions on forced withdrawal of long-term defaulting parties.

[bad gateway] 14/11/2022 07:33

After the weekends press no news this morning may be challenging for the share price and the longs imo.
Can already smell the panic in one of them at least.
Suggest longs remember the old adage. If you're going to panic, panic first.

[amaretto1] 14/11/2022 07:32

Sand -wiches On offer today till 11am .. 2 for 1 ...DALTON HIGHWAY BURGERS 4 U

[amaretto1] 14/11/2022 07:23

10 pence !

[oakville] 14/11/2022 07:22

What is the entrance price here?

[miti 1000] 14/11/2022 06:36

Thank you for your post, Darcon and its noted. Nevertheless, Haliburton dumped ethir stake for peanuts and could have sat on it and done nothing and farmed in at a later date. They chose not to do and sold for peanuts .

As for what Jay said, yes, he's such a nice old fellow but his track record of comments on Texas were a disaster, as proved. To date he's not produced one working well for PANR. I certainly wouldn't hold any faith in his comments as he's built up a nice story for investors to fulfil a narrative. This is how so many oil and gas stories work and punters ,like scot etc , get played.

Having been a very successful trader for a few decades now, I'd rather side with Muddy Waters , Farallon etc and believe this is another elaborate farce.

As for you, forwood, you should put a sensible hat on and make sure you haven't gone 'all in' on this one. The red flags are there and now the likes of Muddy Waters have entered , that should make any sensible punter shudder. Hopefully, they will release their bear article on PANR soon and it will be very detailed.