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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 16:35:18
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 33526 to 33547 of 34375 messages
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DateSubjectAuthorDiscuss
24/7/2020
15:38
I was interested in the news article of more certainty of drilling Talitha over the winter, but Alkaid timing dependant on Farm in partner discussions but that both prospects being discussed with potential partners. Is this just down to different costs to drill such that Pantheon is just getting on with the exploration well themselves to help advance the status of the discovery? They can’t have already agreed funding for Talitha with a Farm-in partner or they would have had to announce it?
sherlock13
24/7/2020
15:25
Ah, didn't see that, Sherlock13. Many thanks. GLA
scot126
24/7/2020
15:21
Looks like Blytheweigh already posted the Petroleum News article on Twitter this afternoon, and copied it to OOTT amongst others so would suggest a Pantheon controlled communication.
sherlock13
24/7/2020
14:46
Dear All - a few points in no particular order. - We are once again blessed by WindbagIII's expertise on the likelihood of PANR entering into a farm out agreement in Alaska, along with the standard snarky aside praising shareholders' capacity for credulity. The Laws of Logical Debate will see WindbagIII "winning" the argument from the date of his post until the day before a farm out is announced. From the farm out date onwards, WindbagIII will be wrong for eternity. Does he offer any proof or analysis for his contention? Not a chance. “It hasn’t happened so far; QED it will never happen.” A modern day Aristotle. - From the excellent article in Petroleum News kindly linked by Darcon: "Pantheon is speaking to a number of parties about partnering to jointly exploit and develop both of these projects,” he said." This is as granular a description of the farm out process and structure as we've heard and confirms on the record that a number of parties are currently ensconced in the dataroom. - Hmmmm, have a read of this line from the article: “Pat Galvin, Pantheon’s chief commercial officer in Alaska, told Petroleum News in a July 22 email.” The journalist has been crystal clear in directly referencing her source in what was a very well-crafted article. Here’s a thought for you all. I would be amazed, nay flabbergasted, if a written ‘on the record’ quotation which PANR knew was going to feature in a publication which all of their Alaskan neighbours, suppliers and potential farm out partners will read didn’t *first* gain approval from the CEO prior to replying to a journalist’s enquiry. I put it to the thread that the statement provided to Petroleum News, dated 22/7/20, wouldn’t simply be the work of Pat Galvin rattling off a quick email prior to leaving the Anchorage office for a spot of salmon fishing, or whatever activity he does in the long summer evenings in Alaska? The following is *speculation only* but this type of statement and the willingness to go on the record indicates, to me anyway, that PANR wanted the message to get out that farm out discussions are progressing nicely, with multiple parties involved in negotiations. Pat’s statement looks awfully like PANR giving a very public nudge to any other interested parties to show their hand otherwise they’re in danger of missing out on the opportunity of farming in to Talitha and/or Greater Alkaid. Hmmmmmm, interesting timing indeed. - sporazene2 and GG: on my jaunt around Twitter, the #OOTT hashtag appears to be followed by a very large global group of O&G investors, journos, corporates, industry bodies, commentators etc. I’d be grateful if you would retweet your most recent PANR posts with the addition of the #OOTT tag. Thanks. - btgman is quite right in post #1059 IMHO. *IF* PANR moves to a position of drilling Talitha this coming Alaskan winter season, it would be no exaggeration to state any such well would be amongst the highest impact drills globally in 2021, if not *the* highest impact drill. I’m fascinated to read and listen to management’s up-to-date estimates about the Kuparuk formation which we know will be published in the next little while but it would not be too considerable a stretch to see a PANR Talitha well targeting >1bbo sometime in Q1 2021. - I was never a market maker during my time in the City but the frequent dropping of the bid to flush out sellers followed shortly thereafter by a return to a higher bid price *frequently* indicates a group of market makers who don’t have sufficient stock following a recent and pronounced move up in price. Happy to defer to Fatbloke4 on these matters as it's a dark art! On that basis, I suspect the stock will continue to move higher. Worth remembering also that a) the executive options have an exercise price of 27p and b) on fundamentals alone, Greater Alkaid more than justifies a share price in excess of 30p per share IMO. GLA
scot126
24/7/2020
12:57
If you're a holder in the first place and you're in profit today, why not sell & buy something better? If you're holding but still at a loss today, what price do you need to break even & buy better? Or you have none & like to moan?
37bodie
24/7/2020
12:04
GG, if so hope it emulates Greatland Gold. Now that'd make my year!
steved
24/7/2020
11:36
Best sell today then and buy back on Tuesday. Good way to accumulate some shares if you are so sure.
martin1962
24/7/2020
10:42
An interesting article. And remember, a lot of oil companies are currently surviving only due to hedging, and those price hedges expire end of Q3 and Q4 2020. Going to be another big round of companies in trouble end of this year. https://www.bloomberg.com/news/articles/2020-07-23/shale-lenders-in-retreat-after-decade-that-fueled-oil-boom .
pro_s2009
24/7/2020
10:22
? ! ???????
davidblack
24/7/2020
10:16
Thought as much.
josully1950
24/7/2020
09:49
23.6p paid. Are people mistaking PANR for a gold miner? ;)
gorgeousgeorge01
24/7/2020
09:18
Hello we have a 100k buyer very exciting
senttothegallows
24/7/2020
09:14
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
08:57
She's gonna blow lol
sirmark
24/7/2020
08:47
Yes PANR now broken the resistance at 22.98 and will shoot up
bag158s
24/7/2020
08:39
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
08:10
Just for the record that 100k sell is a buy!!
segaris
24/7/2020
07:53
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
07:25
"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
07:23
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
06:26
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
05:19
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
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