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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
  0.60 1.64% 37.20 36.80 37.00 37.40 35.60 35.60 2,141,568 16:35:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.1 -21.7 -3.4 - 214

Pantheon Resources Share Discussion Threads

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DateSubjectAuthorDiscuss
24/7/2020
08:14
agree with Darcon/Scot126 and Bgtman - a very clear air of confidence coming through from mgt in the blytheweigh comms and now the article very kindly posted by Darcon. We are definitely building to a short term crescendo and some deliberate looking quotes from Galvin in the petroleum news article. re post 1064. IMO the June '19 high of 25.2p and the top from April '19 of 29.6 looking like the key levels before a move up to potentially 40p. Long way to go though.
sporazene2
24/7/2020
07:57
She's gonna blow lol
sirmark
24/7/2020
07:47
Yes PANR now broken the resistance at 22.98 and will shoot up
bag158s
24/7/2020
07:39
MM'are desperately short of stock you can see this in a 40p-60p range very short term in my opinion
senttothegallows
24/7/2020
07:10
Just for the record that 100k sell is a buy!!
segaris
24/7/2020
06:53
scot126 - in view of the info in the lease administration monthly reports that PANR acreage slide from PANR’s March presentation looks a little out-of-date as PANR surrendered a few leases outside the Talitha area and the Theta lease was also terminated. Of course, Alkaid, Talitha, Theta West and Leonis remain in the picture although we’re waiting for the official award of the Leonis and Theta West leases to be reflected in the publicly available lease data. PANR previously said it would take 6-12 months for the official award. btgman / scot126 - I agree with both of you that the tone of the article is excellent and it’s also good to see PANR’s in-house senior lawyer being quoted.
darcon
24/7/2020
06:25
"Talitha a go" Pantheon to drill 2020-21 winter exploration well followed by Alkaid producer by Kay Cashman Petroleum News Week of July 26th [scot126: Dear All - there's a very useful pdf version incorporating a PANR presentation slide which shows PANR's acreage within the context of the ANS. Worth downloading and sending to potential investors who may have been monitoring PANR or new shareholders to the company who have bought stock in the last few sessions? This farm out process is not ephemeral or a figment of bulletin board dreamers' imagination. This article contains a number of "on the record" quotations from a senior PANR employee - NB] "Pantheon Resources, owner of Great Bear and its North Slope oil and gas assets, is planning to drill an exploration well in its Talitha prospect this coming winter. Adding Pantheon’s well, Talitha 1, to 88 Energy’s two wells will bring the number of Alaska North Slope exploration wells in the 2020-21 off-road season to three; or as many as seven if ConocoPhillips resumes its delayed exploration program. The Talitha well will be followed by a development well at Pantheon’s Alkaid project sometime in the next year. The timing of Alkaid drilling is subject to the outcome of current farm-out discussions. The new Alkaid well has the potential to be completed as a producer via the “installation of an Early Production Unit facility,” Pat Galvin, Pantheon’s chief commercial officer in Alaska, told Petroleum News in a July 22 email. The company is in the process of applying for two new units, one at Talitha and one at Alkaid, he said. Alkaid has the advantage of being located along the Dalton Highway and trans-Alaska oil pipeline which “could expedite low cost early production,” Galvin said. “Pantheon is speaking to a number of parties about partnering to jointly exploit and develop both of these projects,” he said. Pantheon owns 89.2% of the Talitha project and 100% of the Alkaid project. Talitha offsets old ARCO well The Talitha project contains “three mutually exclusive and independent geological formations with different reservoir trap geometries, qualities and risk profiles,” Galvin said. All of which were penetrated and confirmed to be oil bearing in the Pipeline State No. 1 well drilled by ARCO, predecessor to ConocoPhillips, in 1988, which the new Talitha 1 well will offset. In late March, Pantheon announced that it had completed its analysis of the shallowest of these three horizons, the “Shelf Margin Deltaic,” a Brookian aged reservoir, which it estimated to contain 1.8 billion barrels of oil in place with a P50 technically recoverable resource of 483 million barrels of oil, which were “significantly higher” than pre-analysis expectation, Galvin said. The two deeper zones at Talitha, the Brookian Slope Fan System and the Kuparuk “also offer significant potential,” with the company due to complete its analysis of the Kuparuk and provide resource estimates “in the near future,” he said. Two new pads along Dalton The April 26 issue of Petroleum News reported that Pantheon (in Great Bear’s name) had begun permitting for two pads along the Dalton Highway, as well as filed a major amendment application for its oil discharge prevention and contingency plan. The oil discharge prevention and contingency plan was approved under the Great Bear Petroleum Operating name in early 2017. The Alaska Department of Environmental Conservation said in an April 17 public notice that the company’s existing plan addresses year-round exploration drilling from sites approved for all season drilling and winter-only exploration drilling from ice pads connected to North Slope infrastructure via the Dalton Highway and ice roads. The major amendment the company submitted would add two new locations to the plan - the Alkaid and Phecda road pads, as well as updating maps and figures and response planning standards to increase oil storage tank capacity from 400 barrels to 600 barrels and to increase the summer drilling response planning standards from 1,000 barrels per day to 5,500 bpd for 15 days, totaling 82,500 barrels. There is no date given for pad construction. Four wells drilled to date Pantheon/Great Bear has drilled four wells off the Dalton highway to date - three are plugged and abandoned (Alcor 1, Merak 1 and Winx 1) and one well, Alkaid 1, is suspended. In actuality, Winx 1 was drilled by 88 Energy subsidiary Accumulate Energy Alaska, although permitting was submitted under Great Bear’s name. The Alcor and Merak wells were drilled in 2012, Alkaid was drilled in 2015 and re-entered and flow tested in 2019; Winx was drilled in 2019. In its DEC application Pantheon said the pads would be constructed of timber rig mats, “in some cases supplemented with existing gravel pads.” The pads would be 400 by 400 feet and would support all season drilling. The suspended Alkaid well is some two and a half miles west of the Dalton Highway and northwest of the Phecda Road Pad site. That well was drilled from an ice pad. Pantheon said after the well was flow tested in 2019 that it confirmed a new Brookian light oil discovery just west of the Dalton Highway. The company also said it viewed the nearby Phecda prospect as an appraisal well for the Alkaid discovery, rather than a standalone well. Aggressive bidding at lease sale The state of Alaska drew 56 bids on 56 tracts in the North Slope areawide sale Dec. 11, with Great Bear taking 17 tracts on 27,840 acres for $849,094. The company was second only to Oil Search in the number of tracts it won. “The new leases are strategically positioned in two areas contiguous or adjacent to our current acreage on our northern and southwestern boundaries,” Pantheon said in a Dec. 12 statement, noting it had a competitive advantage given it “owns the proprietary 3D seismic which covers the leases,” and had technical work completed in recent months.
scot126
24/7/2020
06:23
Extremely interesting article Darcon. For me the underlying difference in the tome is significant it sounds like we are getting closer. As for drilling Talitha in the winter wow, this is going to be one of the most exciting events ever. AIMHO GLA BTG
btgman
24/7/2020
05:26
HTTPS://www.petroleumnews.com/pnads/221095617.shtml News article on PANR in today’s edition of Petroleum News. In the printed edition it’s on the front page alongside the news about Chevron‘s acquisition.
darcon
24/7/2020
04:19
More oil sector M&A and more interestingly in the oil exploration/resources space: HTTP://www.conocophillips.com/news-media/story/conocophillips-announces-agreement-to-acquire-liquids-rich-montney-acreage-from-kelt-exploration-ltd/ - acquisition target has oil resources (not reserves) - “1 billion barrels of oil equivalent (BBOE) of high-value resource with an all-in cost of supply of mid-$30s (WTI basis).“ - “The acquisition cost is approximately $2-$4 per barrel on a WTI cost of supply basis, depending on pace of development. - Production associated with the acquired asset is approximately 15 thousand barrels of oil equivalent per day (MBOED). - Adds over 1,000 high-quality well locations. - Increases scale, which will drive supply chain and offtake improvements. - Transaction economics do not assume any incremental capital investments are made in the Montney in the next several years.“ There are several data-points here that arguably are comparable to PANR’s acreage positions.
darcon
24/7/2020
00:27
Not really. The farm out market is full of opportunities but is in deep freeze at the moment. As that begins to thaw the first focus will be on gas opportunities. Gas is the new darling, its the greener investment. I have moved heavily into gas stocks focused stocks, like TXP, PRD, DGOC etc... Oil projects have to be very attractive, and its a reason I am in PANR is their project is very attractive with good economics. So the road ahead, when the farm out market thaws, is gas projects and also some very attractive oil projects with good economics - will be the focus of attention. Companies like say BPC, looking for money for a long time to try to drill in the Bahamas, will continue to struggle to raise money - but companies like PANR will attract a farm in, however the terms of the farm in may well be below what a lot of people expect, quite simply, that is the market now, you will have to accept low dollar offers if you want to move forward.
pro_s2009
23/7/2020
23:41
Doesn't sound right to me (imho). The lottery ticket seems obvious only to panr shareholders. As it always has.
winthorpeiii
23/7/2020
23:02
Cash is king. In this market the buyer is very much king. Buyers are driving prices down. If you want their cash you sell your opportunity cheap. Once PMO sort out their BP acquisition one would expect them to be interested. What will likely happen here is everyone is sat waiting, not wanting to make an offer, hoping to get in cheap later hoping by then any other interested parties will have walked away. What will likely happen is at some point, someone will make a serious offer and then the bidding war begins from all the interested parties. Just got to sit back and wait.
pro_s2009
23/7/2020
22:24
No news here...just endless recycled stories of hope. It amazes me that a company sitting on a clear lottery ticket hasn't been bought, let alone attracted a partner.
winthorpeiii
23/7/2020
21:29
Have a look at the last 3 days on the chart seems buying is only allowed to get to 3.5mln per day Uncanny the last 3 days on the chart are almost bang on the sameAnyone betting news tomorrow ??? Maybe it will get released then to catch the weekends press
sirmark
23/7/2020
21:15
Thanks Scot & George, for the previous posts. All good to hear in some respects but is it just me that suspects Dave Wall is a brash Aussie Sales guy??? 88E appear great a presentations to raise their profile, will it be substantiated??? A key question I feel... that "may" read across to PANR... I added to my PANR holding today for clarity... don't want to sound negative but hope the PANR rise in share price is not anything remotely related to the 88E RNS..
chris0805
23/7/2020
20:51
That was me ;)
sirmark
23/7/2020
19:16
Link available for tonight's 88e Webinar.https://youtu.be/lyFHac61VEc
rabito79
23/7/2020
18:07
Dear All - just listened to Dave Wall (DW) of 88E on the Proactive webinar. Not a massive amount of readacross to PANR but a couple of bits'n'pieces perhaps? - When referring to Alkaid as an analogue well to Charlie-1, DW described the results from the flow test at Alkaid....100 bopd from a 6ft section. He then went on to state that a horizontal well would "achieve multiples of that flow rate". Nice to hear another external viewpoint on PANR/eSeis/LKA's work on Greater Alkaid and the implications for future horizontal wells. - It's "unlikely" that a farm out of Icewine will take place this year as the data is "not yet fully integrated". Fair enough. However it does mean that if PANR achieves a farm out prior to the next Alaskan winter drilling season (and for the record, I believe PANR *will* achieve such an agreement) then whether it means drilling Talitha and/or Greater Alkaid, all eyes will be on PANR as it relates to the Central North Slope. Only game in town! - DW described the proposed low cost 2 well programme for Peregrine. The two wells would cost $15m in total, drilling to a depth of 5-6k ft in each case. When describing the strategy to drill in H1 '21 v's shooting 3D seismic, DW stated that in this particular case it was "more cost effective to drill v's acquire 3D seismic". That may very well be the case for 88E but this once again underlines the huge intrinsic value of PANR/Great Bear's noteworthy $80m investment in 3D seismic over the last decade. - Gas/oil ratio (GOR) and API at Charlie-1. The gas condensate v's oil question is outside of my formal education but I will investigate further. If I noted DW's comments correctly, it was 88E's belief that the HRZ data from Charlie-1 combined with their understanding of the thermal maturity window would have led them to expect to encounter oil in the Torok with an API of 40-44 rather than the condensate they encountered with an API of 49. In addition the GOR would have been expected to be c.1000 v's the 15000 encountered. I need to investigate this theory further to see if there are any implications for PANR's acreage updip (as referred to correctly by GG above). For any new PANR holders getting to know the company, the Alkaid-1 oil was light, sweet crude with an API of 37, which attracts a premium price. GLA
scot126
23/7/2020
17:25
Interesting comments from Dave Wall regarding oil saturations at Charlie 1. Apparently there is an abundance of oil but it simply didn't flow. They are integrating the data and relaunching their project Icewine farm-out process. I recall Bob Rosenthal who remarked that any positive result at Charlie 1 would be positive up-dip for PANR. The market regarded Charlie 1 as a commercial failure but according to Wall that is not the case.
gorgeousgeorge01
23/7/2020
17:10
Indeed DB, but let us all know before you go next time ;)
dhb368
23/7/2020
16:43
You go out for a peaceful day, and what do you find when you come home? Who has been rearranging the furniture! Congratulations to anyone who topped up of late. Onwards and upwards to that £1 mark! Note to self: must go out more often!
davidblack
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