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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
  -2.65 -6.58% 37.60 37.60 37.70 40.70 37.10 40.50 2,294,807 16:35:00
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

Showing 33601 to 33624 of 35175 messages
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DateSubjectAuthorDiscuss
03/8/2020
04:57
Otto Energy issued their quarterly activities report for the period ending 30 June 2020. Intriguingly they no longer mention in their report the expected commitment of $2.6mln per Alaskan well that they had previously mentioned on 14th April 2020 in their March quarterly activities report while they mention a drawdown of $3mln under their debt facility in the cash from financing activities. It’s not clear from their report what exactly the $3mln drawdown was made for, but because of their deletion of the $2.6mln figure (presumably the figure is no longer accurate but would updating the amount trigger a requirement to explain so easier to just delete it?) my suspicion is that it may have something to do with a potential Talitha drill. Below are the relevant excerpts from the 30 June quarterly: “ Through its agreements with Great Bear Petroleum Operating ("Great Bear") in 2015, Otto has between an 8% and 10.8% working interest in the leases held by Pantheon Resources plc (AIM:PANR) on the Alaskan North Slope (“Central Blocks”). The leases are in a major play fairway south of the Prudhoe Bay and Kuparuk giant oil fields. Extensive, modern 3D seismic coverage, existing well control and proximity to the all-weather Dalton Highway and Trans-Alaskan Pipeline System (TAPS) means the acreage is well positioned for exploration. The existing 3D seismic has allowed development of an extensive prospect portfolio which includes at least 4 well locations. Otto had no activity in this area during the quarter ended 30 June 2020.“ AND “ Cash flows from financing activities provided approximately US$8.1 million in cash for the June quarter, compared to using US$1.5 million during the quarter ending 31 March 2020. Included in the June quarter was US$7.9 million in proceeds from the capital raise, US$3.0 million in new borrowings and US$2.3 million in repayment of borrowings. Included in the prior quarter was US$2.0 million in repayment of borrowings.“ Source: HTTPS://www.asx.com.au/asxpdf/20200731/pdf/44l2v9wdkn7vkg.pdf And below is the excerpt from OEL’s announcement of 14th April 2020 in which they mention the $2.6mln: “ Through its agreements with Great Bear Petroleum Operating ("Great Bear") in 2015, Otto has between an 8% and 10.8% working interest in 54 leases (covering 154,295 gross acres) held by Pantheon Resources plc (AIM:PANR) on the Alaskan North Slope (“Central Blocks”). The leases are in a major play fairway south of the Prudhoe Bay and Kuparuk giant oil fields. Extensive, modern 3D seismic coverage, existing well control and proximity to the all-weather Dalton Highway and Trans-Alaskan Pipeline System (TAPS) means the acreage is well positioned for exploration. The existing 3D seismic has allowed development of an extensive prospect portfolio which includes at least 4 well locations. Otto’s exposure on the first two wells is limited to US$2.6m/well. Otto had no activity in this area during the March Quarter 2020.“ Source: HTTP://www.ottoenergy.com/site/PDF/82c5adbe-7707-486b-b5a0-83eaba613b97/QuarterlyActivitiesandCashflowReport We know that PANR relinquished some of their Central North Slope leases and the Theta lease was terminated and so the acreage shared with Otto has reduced. Otto also deleted the mention of the Talitha-related acreage position in their June quarterly compared to their March quarterly. Otto do however mention the relinquishment of the Western Winx related leases. So it looks again like they’re trying not to draw attention to their Talitha acreage.
darcon
02/8/2020
13:56
SteveD - your crystal ball must have been on overdrive to generate that prediction. ;)
sporazene2
02/8/2020
12:16
‘it’s all smoke and mirrors here...’ Yet you still bought the shares. Who’s the idiot then?
michaelsadvfn
02/8/2020
12:01
Maybe so but I've been invested here for many years and so these irrelevancies are of no interest. What matters to me are the fundamentals of the business. PANR is as good a risk/reward opportunity as you will find. In a couple of years time we'll either be very well rewarded or hugely disappointed or something in-between. The fact that institutional investors or traders are getting a penny or so off the prevailing price here and there is something of a non event to me at least.
steved
01/8/2020
23:59
Agreed HD. It is standard operating procedure to loosen up stock to fill buy orders........spike it up and then drop it down. Most PI's are brainwashed........they mostly sell falling prices. So if you want to make them sell, rise the price up and then drop it down. Knock out the trailing stop losses and get the sellers momentum going and you end up with plenty of stock available for your buy orders.
pro_s2009
01/8/2020
22:25
rsvy - fwiw I was a broker for many years and spoke to large institutions on a daily basis.
hiddendepths
01/8/2020
21:58
hd - let's wait and see who is right when the deal is done !
rvsy2
01/8/2020
19:44
rvsy - that's completely mistaken! The big institutional buyers begrudge every penny extra they have to pay! In this case, however, once you've cleaned the market out, it gets really hard to get decent chunks of stock once the MMs realise there's a big, ongoing buyer around. Sellers also tend to hold back, hoping for higher prices down the line. And what is worse, momentum buyers and traders climb in, further absorbing any available stock. It is much more effective as a large buyer to buy up to a certain point, then just stop, giving everyone the impression the buy order is finished. Then the traders leave, the momentum boys move on and the sellers decide that's about as much as they're going to get and quite quickly there's a lot of stock around and prices fall a goodly chunk. At that point the buyer can clear out the market again, sweeping up more stock and at lower prices than would have been the case without the stop. It's an old trick but a good one and it still works!
hiddendepths
01/8/2020
14:03
rvsy2, ..... or, perhaps more likely, "Look after the pennies and the pounds will look after themselves"!
sparki2
01/8/2020
12:02
hd I think if your interpretation of the trading is correct, the buyer is a trader looking to turn a few pence profit and as such doesn't reflect the serious long term interest we need. Any serious buyer looking for a large multiple of todays price isn't worried about saving a penny of two on his purchase price.
rvsy2
01/8/2020
10:21
Our buyer has been clever - pausing to allow a few sellers to push the shares down, followed by those locking in a profit due to fear of a complete retrace. And then clearing out the loose stock in the market. I do admire such finesse in dealing!
hiddendepths
01/8/2020
10:18
30p in a matter of weeks mate, the buy on dip was last week ... you still have time no need to be upset about missing out on the sub 20p the days of 14 p are well and truly behind us.
sirmark
01/8/2020
09:15
Its all smoke and mirrors here , take advantage of the situation like scott , he knows what he is doing , pump it dump it , it really does work ,have to feel sorry for the punters who get nailed every time , look forward to 14p
jotoha2
31/7/2020
15:07
A few buyers come in late hoping for news shortly......,,,,,,,,,,,, wouldn't like to be out this weekend, Aye!
bit coin
31/7/2020
12:33
Looking at the one month chart, the "spike" started on the 22nd, since then, it has retraced 95%, hopefully now onward and upward!
dan de lion
31/7/2020
12:08
It’s Friday so not much happening other than a Market Makers dance going on to pick off weak holders, without picking up too much stock of course as it’s Friday.
davidblack
31/7/2020
10:26
I wouldn't be to sure, plenty of sells still going through. Need some news maybe to renew interest, otherwise in the malaise this could still breach support at around 19p
banksy
31/7/2020
09:42
End of retrace? Sub 20 and the prospect of imminent news looks like time for a rebound...imo.
michaelsadvfn
31/7/2020
08:51
Longtermmike You’re right, we have to be patient. Update will come soon
madelainerose
31/7/2020
07:46
EVerything is cyclical isn't it. Reading PVR's Barryroe RNS this morning, it seems as if contractors want to have a foot in the operating pie again - it was only a year or so since Halliburton passed over the opportunity to participate here
spangle93
30/7/2020
14:31
Ive been holding these shares for a long time. I was there when they went to £1.80 and when they went to 8p. Sick of people shorting the share. I'm sure the upgrade/update will be coming soon. We just gotta be patient.
longtermmike
30/7/2020
12:56
What the heck are all the 5k sells at 20p ? Someone driving the price down ?Is it you GG wanting to top up?
bit coin
30/7/2020
12:05
Must be nearly top up time!
gorgeousgeorge01
30/7/2020
12:04
Come on Darcon....give the rampers on the other thread a kick up the behind!!!
gozo
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