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Share Name Share Symbol Market Type Share ISIN Share Description
Pantheon Resources Plc LSE:PANR London Ordinary Share GB00B125SX82 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  6.00 19.05% 37.50 37.10 37.40 39.00 34.10 35.50 6,077,599 16:35:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.7 16.7 10.5 3.6 189

Pantheon Resources Share Discussion Threads

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DateSubjectAuthorDiscuss
15/7/2020
11:47
Just bought another 1500 @ 17.27 bit more than I wanted to pay but feel it could be well timed and ill get handsomely rewarded in due course. GL All
sirmark
15/7/2020
10:50
Yes I think they will be drilling to potentially confirm recoverable reserves of 1 billion barrels of oil+.Don't forget the supertrap. "Shelf Margin Deltaic P50 Technically Recoverable Resource of 483 million barrels of oil" Potentially the same again for the remaining zones? AIMHO GLA BTG
btgman
15/7/2020
10:30
a billion+ barrel potential drill. ?
michaelsadvfn
15/7/2020
10:17
While we await the potential upgrades for Talitha I think it is worth noting where we are currently up regards Talitha as this is going to be one hell of a drill when it happens. "The Talitha project has been split into three different horizons which are all mutually exclusive geological formations with different reservoir trap geometries, qualities and risk profiles. All of these formations have been penetrated by an existing well and following more detailed petrophysical analysis have been confirmed as oil bearing. The Company is now pleased to report it has completed analysis of the shallowest of these horizons, the 'Shelf Margin Deltaic', a Brookian age reservoir, estimated to contain 1.8 billion barrels of oil in place (OIP) and a P50 Technically Recoverable Resource of 483 million barrels of oil (MMBO)." "Previous estimates for all three zones combined were 2.6 billion barrels OIP and 463 - 508 MMBO P50 Technically Recoverable Resource for the entire Talitha project. Today's estimates are significantly higher than pre-analysis expectation. The Company has modelled a two phased development plan for this zone, exploiting 376 MMBO of this resource, and using the WTI current forward price curve, yields a potential NPV10 of over US$2 billion, an NPV per barrel of $5.75 and an Internal Rate of Return of 55%. This zone has excellent reservoir qualities." If we get similar upgrades for the other zones this is going to be a billion+ barrel potential drill. AIMHO GLA BTG
btgman
15/7/2020
10:17
Lord Browne has resigned from UK board of Huawei. Should give him more time to concentrate on Pantheon.
redhill9
15/7/2020
08:37
Sherlock - my view is that is a lot of water to pass under the bridge before we are considering alternatives. The conventional wisdom points to a supply deficit in oil as the economic recovery picks up which would lead to higher prices. If we got to say $55-60 oil before the end of the year it's hard to see a scenario where it becomes more difficult to secure a farm out, even just on the 76.5m 2C already, that is next to the highway and TAPS
sporazene2
14/7/2020
17:58
Thanks Sporazene, makes total sense. Getting the right deal with a farm in partner does seem the best approach. At what point however do you say let’s move this on in a different way if the offers are asking for too great a share? Or is the opportunity so large there’s room for all..
sherlock13
14/7/2020
17:36
Sherlock - whilst we have a team at PANR that has extensive experience in the E+P world, it's pretty small scale at 16 in total. My personal preference would be bring in partner with the scale, expertise and capital to move our projects forward at pace. Looking at the number of wells contemplated just at Alkaid, then throwing in a couple of wells at Talitha the dilution to do that would alone be significant. Similarly if we tried to minimise dilution and self fund the programme, this would be take a while IMO and just doesnt feel viable. In terms of sentiment, I believe that 3rd party validation of the potential, if we were able to farm out to a reputable name, would have a much greater impact on the SP, than if we were to try to go it alone.
sporazene2
14/7/2020
17:16
Last summer was pre COVID and no closed wells. If the oil prices do rise as predicted in 2021 and for potentially multiples of years then the financial case is drastically different. The gold miners are running fast to get producing for anticipated high gold prices, let’s hope we do the same with the black stuff..
sherlock13
14/7/2020
16:08
I have to say that with the upgrades due and the prospect of a bid/farm out exciting times ahead in my opinion.
senttothegallows
14/7/2020
15:49
The cost of a rights issued is prohibitive for this size of company but i’m sure they would get a placing away with no bother. Had they considered this option no doubt they would have done it last summer... In the mean time the share price is holding up rather well considering today’s selling, perhaps we have a buyer in the wings?
michaelsadvfn
14/7/2020
15:07
That would require a rights issue as they don`t have the cash, £30 million might just do it, if they find decent quantities of oil they could then look for further bank finance!, a bit of dilution but all of the increase in value would accrue to the shareholders!
dan de lion
14/7/2020
13:57
In terms of maximising shareholder value, is there an option where PANR buy in the resource and start producing without a farm in partner? I don’t know the costs and ease of finding the right talent but if they can get 1 well to reserve status they can borrow against it can’t they? No need to share some profits with a farm in partner then? I know this is a different business model to how they are currently operating but if the opportunity is so compelling, what is the risk or is the hurdle to become a producer too great?
sherlock13
13/7/2020
18:11
"I would settle for £4.50 George!" It would represent a helpful sum.
gorgeousgeorge01
13/7/2020
15:32
I would settle for £4.50 George!
davidblack
13/7/2020
12:27
There aren't many opportunities on the horizon with the scale of these projects. If the other Talitha zones are anything like the Shelf Margin Deltaic shareholders stand to do very well indeed. I do not believe that these assets will be acquired opportunistically or otherwise at anything other than a multiple of the current share-price. Time will tell but it will be to shareholders long-term benefit to hold on - a full value exit here surely involves 500p+, perhaps more than 600p/ps. Suppose we do see $100 p/boe again - my goodness me.
gorgeousgeorge01
13/7/2020
10:40
There's certainly a positive feel to this stock now. I doubt there are many, if any, stale bulls left. Only long term holders content to wait for it all to kick off in due course.
hiddendepths
13/7/2020
10:24
"I topped up another 1k this morning, can help but feeling after so many years we are finally about to move forward and get some returns on my investment." I had a nibble myself on Friday. I thought the Blythweigh interview was very encouraging. Jay seemed in very high spirits - bullish even. I am not surprised when you consider the scale of Talitha.
gorgeousgeorge01
13/7/2020
10:22
Looking very well bid this morning?
davidblack
13/7/2020
10:17
I topped up another 1k this morning, can help but feeling after so many years we are finally about to move forward and get some returns on my investment.
sirmark
13/7/2020
07:29
Can't help but feel you should have exited 88E & stayed in PANR.... hope I'm right!! Good luck with your 88 holding though!!
chris0805
11/7/2020
19:14
Thanks for an entertaing three Years guys, been fun. Started with 100k at 24, topped up at 8 and got out at 17.10 making a few bob......moving my cash to healthcare and blackrock, hydrocarbons is not the future anymore but I hope OC that that y’all do well ! Now I just will be following 88E as I am in deep there ;( GLUALL.
beanlade
10/7/2020
20:13
HTTPS://oilprice.com/Energy/Crude-Oil/The-Oil-Bulls-Betting-On-150-Crude.html Is $150 oil possible? The steep decline in upstream investment could create a historic bull market in the years ahead. “That funding pressure is going to be massive. It’s going to be really difficult for some of the producers to produce,” Trevor Woods, chief investment officer of Ohio-based hedge fund Northern Trace Capital, told the WSJ. “We could hit $150 pretty easily by 2025.” The thesis rests on slow but steady increases in demand over the next decade.
davidblack
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