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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
  1.20 3.77% 33.00 32.80 33.20 34.00 32.00 32.00 1,318,355 16:35:19
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.7 16.7 10.5 3.1 166

Pantheon Resources Share Discussion Threads

Showing 33326 to 33349 of 34375 messages
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DateSubjectAuthorDiscuss
16/7/2020
12:56
The problem all Repsol, Conoco, Oil Search & Armstrong etc etc have is they are oil companies and sitting doing nothing is OK for a short period but they will have massive overhead and debt to fund they will all need projects with low cost break-evens. Talitha is profitable at low oil price significantly below current pricing. Aside from this a lot of the North slope players have high infrastructure costs before they see production so they not only have drill costs to find but infrastructure as well whereas Pantheon assets are drill ready and have access to income very quickly. Time will tell AIMHO GLA BTG
btgman
16/7/2020
12:22
The problem is everyone is in cash conservation mode right now and Jay did say they aren’t naive enough to think this wouldn’t affect the timing of the farmout. Repsol, Conoco, Oil Search & Armstrong have all cancelled winter drilling. Will any of them be looking to pay an upfront sum to cover back costs and fund 2 wells for Pantheon? No chance whatsoever.
michaelsadvfn
16/7/2020
12:05
$50m for a major oil company is chump change I thing Jay made the point our whole market cap is similar to 2 deep water drill costs. I simply cannot see anywhere in the world where you can access such an asset next to a pipeline with such low break-even costs. Whoever write's the cheque will be getting the deal of the century. Also fairly sure if you look at the sum of the parts we almost have 4 companies in one. Maybe we end up with different deals for each. Alkaid Talitha Theta West Leonis AIMHO GLA BTG
btgman
16/7/2020
12:00
DB - if this is an existing ANS operator, would they not get to offset any capex next year on GA or Talitha against taxes and royalties on their existing production, making this more of a lower risk budgeting exercise for them?
sporazene2
16/7/2020
11:50
The issue might well be focused on persuading someone to write a $50m cheque at the moment for a two well programme rather than any geological conversation? After all Big Oil Is feeling bruised and unloved by the market.
davidblack
16/7/2020
08:59
If it's that attractive then presumably getting a farm in partner on acceptable terms shouldn't be a problem.Don't get me wrong, looking forwards immensely to the upgrades but what is going to seriously shift this north is plans to get the oil out of the ground!Provided the boys can cut a decent deal.We wait.imoGLA
astralvision
16/7/2020
08:56
While we wait for the Kuparuk Formation upgrade it is worth noting in addition to this we have:- Slope Fan System" (Brookian) Theta West and Leonis which is currently acknowledged as oil in place greater than 1 billon barrels of oil in place. If you ignore Alkaid and 'Shelf Margin Deltaic, I suspect Kuparuk, Slope Fan System" (Brookian) Theta West and Leonis are worth multiples of current market cap on there own. No doubt about it this is absolutely huge. AIMHO GLA BTG
btgman
16/7/2020
08:29
Triple (not sure why there's an extra P)
sirmark
16/7/2020
08:29
Our chart looks so ready for a breakout tripple top
sirmark
15/7/2020
20:52
Perhaps the Covid/oil prices crash has concentrated a few minds on the upside of having US assets that still break even at $20? The chaos that is the financing of Shale Oil will have completely reset bankers tastes for marginally profitable oil, where marginal is defined as $40 or less! How the world has changed in a short while.
davidblack
15/7/2020
16:07
Life changing potential if everything falls into place and the NPV calculations took no account of the changing oil prices, you can see why Jay had a smile on his face in the last video..
sherlock13
15/7/2020
12:35
The Talitha upgrade could well send the share price flying. The last upgrade was significant enough to get us a mention in the NY Times & the Washington Post along with increased interest in the data room. I’m hoping another significant upgrade, one that will interest even the major players, will attract some serious buying of the stock.
michaelsadvfn
15/7/2020
12:21
It would be no surprise to see this in the mid 20's post upgrades, underlying the shares are very tightly held and buying in volume is difficult. In my opinion
senttothegallows
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
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