Pantheon Resources Share Discussion Threads

[mlf51] 19/11/2022 11:49

You have had all that explained to you 6 times that I have read and you still choose to ignore the answers and churn out this nonsense. Best we wait for the news. It's coming. Be careful.

[truant2tb1] 19/11/2022 11:19

Forwood,

You've proven absolutely nothing, you're recycling the same noise over and over.

You're clinging onto the hope of mgmt estimates, bought in piecemeal bit of tech analysis and rampy presentations - which are plastered in DISCLAIMERS - ahead of whats required justify a £600mil MCap

Texas was exactly the same. Mgmt estimated 300 mmbls of resource, bought in "experts" to give their opinions - no CPR and lo and behold it equated to zip.

Steve thinks he knows more about O&G than Halliburton who handed the asset back for $0, having seen the Alkaid CPR which confirmed 76.5 million barrels of contingent resource

Keep fantasising Steve. I'm going to enjoy watching you melt away over the coming months. You're already 50% down from the highs.

xx

[padamster] 19/11/2022 10:44

Haha 😂. Fordtin - someone should tell him /her/it that the train left ages ago and he is still stuck at the station

[forwood] 19/11/2022 10:44

Truant, you're annoying me now, claiming 'it’s highly likely that there’s a CPR for Alkaid dating back to the Great Bear days', which I've shown is nonsense. Now, you're switching to the old straw dog, dealt with so many times, that it doesn't have one. So what? A CPR is a technical document with many requirements, including flow test, reserves, et al for a specific purpose, inc raising finance for further development of the resource, or an IPO, none of which applies here.

You clearly know next to nothing about the hierarchy that allows companies to move up to claim reserves, and the related work exploration companies have to do. I never claimed LKA's work was the same as a CPR. In the hierarchy, it's an Independent Expert Review (IER) giving an estimate of Contingent Resources (CR), defined as those quantities of oil potentially recoverable from known accumulations but which are not yet considered to be commercially recoverable. You need the flow test to determine whether it's commercially recoverable, in this case a flow of 750 barrels of oil per day, or more. Padamster has got it right, except I wouldn't call your comments dribble. They're drivel!

Please keep your short going into the news. I don't normally wish people ill, but hope you lose a fortune on it, as there is a very high probability you will!

[fordtin] 19/11/2022 10:40

@PADAMSTER - he was probably short selling when we were buying at ~7p! 😊

[padamster] 19/11/2022 10:36

I bet you did not buy when they were low as 7p 😊

Be very careful

[padamster] 19/11/2022 10:35

Keep spouting historical info. We hear you but you are not being taken seriously.

Be very careful

[truant2tb1] 19/11/2022 10:32

PADAMSTER

- No CPR
- No Farm out
- Mgmt estimates from the same crowd that brought you Texas
- Gorgeous £5m cash out share share from the boys a few wks ago
- Trouble at mill on the current flow test

SP 50% DOWN from the high

It's all going swimmingly isn't it?

[padamster] 19/11/2022 10:11

Truant - keep talking nonsense as you are heading the same way as Pro as he lost all credibility and he makes no impact on anything anymore. You have no substance on your comments. I trust the board which they may release success results or unsuccessful results. I’m confident they will release successful results and backed up with evidence instead of your absolute dribble

Be very careful

[truant2tb1] 19/11/2022 10:03

Forwood

We can debate whether is one or isn't till the cows come home. There is NO CPR provided by the company - full stop, exclamation mark! This is an enormous red flag. You're already down 50% from the highs with LOTS of room to drop much much further.

You can pretend all your want that LKA's report equates to a CPA, it absolutely doesn't. That's the point of a CPA, its a comprehensive doc not a piecemeal bit of analysis.

Even more concerning is they've encountered issues ALREADY with sand washing back from the frac & blockages etc... what is of most interest to me is how Jay and the boys will spin the upcoming results to give the brainwashed like yourself the requisite 'crumbs of comfort' to keep banging the drum on this STORY!

It really is a very exciting time for all concerned. :)

[padamster] 18/11/2022 23:07

Truant - how desperate are you stating 1500 plus - NO it’s not 1500. It’s 150 per 1000ft. Stop lying - we can all see through it. You must be related to Trump

Be very careful

[probabilityofsuccess] 18/11/2022 23:00

Thanks for responding truant. You wrote:

“PANR are looking for 1,500+ , they’d have you believe the multi-stage frac will do that”

Not in this well they aren’t - they hope to achieve around 750 bopd to underpin commerciality.

It sounds like you are so confident in your own conviction that you are a ‘believer̵7; in the bear case, no matter what evidence to the contrary is put in front of you. Bear or bull, that is a very dangerous position to be in and, ironically and misplaced, an argument that you use to denigrate those bulls who in fact do not ‘believe’; but have looked at the evidence to date and made a probabilistic assessment. We know and accept the risks, but it sounds like (from what you write) you blindly follow. Your whole argument is based on ‘believingR17; that the BoD are lying and have convinced the SoA and various other parties to knowingly join them in the ‘scam’.

Interestingly (and oddly), you haven’t put forward the flow test result as a possible reason to change your view - that is the primary information point for (all) longs, yet you seemingly will hold through a positive flow test result and no doubt argue that you’d increase your short, even though a positive result would hugely increase the likelihood of one or both of your other two scenarios coming to fruition (farm in and CPR release).

I don’t believe that you are that uninformed in your decision making, so you must just be either finding it challenging to clearly articulate a cogent argument, or are trying to mislead.

Anyway, the flow test result will inform my decision making - I’d recommend it does yours too.

[tom218] 18/11/2022 22:29

Unless you want more acreage?

[truant2tb1] 18/11/2022 22:28

Don't disagree with your pointsIf change my mind tomo if an oil major announced a farm-in! Problem is we're knocking on for 4 yrs down the track and there is still ZERO evidence of this happening The tests of Alkaid 1, Talitha and Theta were all dire, with flow under 108 bbl/d. PANR are looking for 1,500+ , they'd have you believe the multi-stage frac will do thatI'd also change my tune if an independent CPR clearly articulating the fields capabilities and reserves was produced by someone with no connections to PANR ie not Bob!! Again, no such document is forthcoming

[alaric7] 18/11/2022 22:24

'It's embarrassing Muddy paper is definitely out this weekend..' trouble is, Amaretto, you said it was going to come out today and nobody reads yesterday's papers. fwiw the OTC closed tonight at the equivalent of 74p,so don't know what happened to that late selling after close or to your prediction of 20p? do you just make this stuff up like the rest of the shorting crew here?

[truant2tb1] 18/11/2022 22:20

Yes, it's highly likely that there's a CPR for Alkaid dating back to the Great Bear days.That this CPR hasn't been shared infers mgmt is hiding something- if it was good news and bolstered their story it'd have been released no?

[tom218] 18/11/2022 21:31

Truant , if you're the same truant2tb as on twitter, sounds like you're suggesting something bad in a withheld CPR and that you have knowledge of it. What? And why not share if it does make your case?

[probabilityofsuccess] 18/11/2022 18:54

Truant - that’s an interesting question and one I’m happy to answer if you’d be so kind as to reciprocate?

Though first of all, I’d like to say my definition of wrong is that the reservoirs ultimately prove not to be commercial, and the assets aren’t sold at a premium to todays current oil in the ground valuation.

I’ve previously asked JakNife what it would take to reconsider his position in terms of flow test results at Alkaid 2 but as yet haven’t got a response.

I will only know either way when there is either a buy out of the assets by a third party or all reservoirs have been tested and proven not to flow commercially. If Alkaid 2 flows commercially my confidence level in ‘being correct’ will increase. I currently think the chances of a successful buy out of the assets down the line are favourable - you do not.

So please could you advise at what rate you believe Alkaid 2 to be commercial and what it would take in terms of a flow test result for you to reconsider your conviction on your short?

Many thanks.

[forwood] 18/11/2022 18:24

Truant, if the flow test fails, it will be a disappointment and I'd want to know the reason for the failure as the company is very confident it will flow. It nevertheless would still leave the other fields where they have oil.

The shorts have given us nothing of substance (and please don't just repeat the old issues - we've done them to death!). You've come across very confident they will fail. Are you really going to risk what I assume you've gained in the concert party short, going into the results? Because that would seem to me to be uber risky and somewhat crazy!

[rideacockhorse] 18/11/2022 18:21

Amaretto, at 512pm you posted "I’m off to get drunk on champers !!!" However, you don't appear to have gone "off" anywhere as you're still manically posting. Are you still in your bedsit in Croydon waiting for your Friday night pizza to arrive? Do you tell the truth on anything? 50's, 60's didn't happen. MW report nowhere to be seen despite you claiming twice this week that it would. Now a claim that you picked up the phone and spoke to someone who has reassured you the share price will be 20p next week. Step back and have a think about how you're coming across on this board. Also, note the use of 'you're' in that last sentence. Are you OK in the head me old fruit?

[amaretto1] 18/11/2022 18:10

Let me know when you break even ...Clown