Pantheon Resources Share Discussion Threads

[bones698] 31/12/2022 13:22

Lol oh the high and mighty are out in force today . Funny they weren't so high and mighty on Friday when the share price has fallen 50% after their sterling ramping was so wrong .
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I. Ktice they aren't commenting on the number of shares that might need to be issued to raise 100m now either . Lol in the ground isn't as valuable as they think either especially if it's proving problematic to get out .
So for all their blister the sharepeice is where it is because the news was bad . They can try to put as brave a face on it as they like but the facts are this is 43p now not 143p like they were all thinking it would be after the news

[echoridge] 31/12/2022 13:21

jaknife - there is, sadly, more malfeasance in a single sentence clause from you, e.g., 'The geology of Alaska is hopeless....', than over the entirety of the Company's announcement history, PARTICULARLY since the merger.

[echoridge] 31/12/2022 12:53

References - I'm not arguing quantums at all. Clearly, A2 and A3 are being drilled in the Company's least material acreage. There is much greater prizes at Talitha and TW that constitute the real lion's share of the firm's 17-23b bbls of recoverable oil. (It is also completely geologically independent of the those 2 giants, by the way, and therefore nothing we are learning here on hydrocarbon mix, flow rates, etc. have any bearing on the commercial structure of them). The Company clearly have to raise 100m+ over time, just not immediately and certainly not at this share price as these parrots keep asserting, and thus there is no reason for any shareholder to worry about the Company forcing a massive capital raise into a currently very unforgiving equity market as they so clearly wish them to. Oh, and it is objectively true that PANR have never been so attractive a prospect as they are now to a farm-in partner, so those who feel that one of the many bits of positive news in Friday's RNS was the brief commentary around that opportunity, they were likely spot on.

[echoridge] 31/12/2022 12:41

translation (again): Yeah, but the market cap! If the sum total of the 'thoughts' of posters like this seem like logical gibberish that use 'maybe's' and 'mights' and 'coulds' in a logic-free attempt to present as bearish an argument as humanly possible, they are, but understand as well that this is almost always in aid of attempting to conclude with the most fatuous and financially illiterate battle cry ever, 'Yeah, but the market cap....'. It has almost become a meme among this new under-class of mindless trolls birthed by this grinding bear market. Don't fall for it, but rather keep in mind that this is the most capital-starved period in a capital-starved year for UK small/mid caps and thus even a tiny improvement in liquidity - which we have most definitely begun to see the early signs of going into the middle of Dec given how historically cheap names like PANR have gotten - will eliminate completely, on its own, the influence of such infantile thinking.

[mlf51] 31/12/2022 12:35

echoridge You will be banging your head against the wall all day, nothing you can say regarding what the RNS actually said means anything to these people their only interest is to get the share price as low as possible by scaring people who are currently under water into cashing in when the market opens.

[rafthorney] 31/12/2022 12:15

Do you listen to scot and energy hobbs or unknowns on here hmmmm its a hard one.Sp drop way overdone imo.

[kaos3] 31/12/2022 11:36

I have no idea - as I am a gardener - so I ll ask on paid for "expert opinion":

big four accountants did give their seal on Parmalat, Enron etc...

in oil...

how much "expert opinion" can be relied on

as oil is extremely more difficult compared to accounts

PS - I use oil in broad terms ....

just when I look at their "knowledge" on many Companies on what will come up - oil, gas, condensate, water ... I have not much confidence...

so - should I take their paid for opinion as a reliable base for my investment decisions?

[fordtin] 31/12/2022 11:28

As Pro_s is convinced the interested companies are not “big boys”, I’m just curious to know who Pro_s thinks these interested parties might be, and what sort of farm-in Pro_s thinks they would be proposing.

[echoridge] 31/12/2022 11:28

fordtin - its again, another completely baseless assertion he's making, and in this particular case, he's asserting the precise OPPOSITE of the ONLY conclusion one can fairly draw from the RNS; namely, that any party even allowed NEAR the data room, let alone one that a NOMAD would allow being referenced in such a positive way, has BY DEFINITION to be a significant player of material size. If any party, public or private, can not EASILY write a multi-centa mullion dollar check or demonstrate that they represent a small group that can, they would never be allowed to review extremely privileged information in a data room the size of Pantheon's. That's absolutely bare-bones, industry practice 101. Such stuff and nonsense

[senttothegallows] 31/12/2022 11:23

Come off it pro we have all seen you pumping failed stock after stock. Yet Pantheon which ever way you dress it up is producing 500 barrels a day oil equivalent. With a restricted well bore choked back and with only 40% of frac fluid recovered. I may be on my own but I'm excited to see the end result imho

[padamster] 31/12/2022 11:09

fordtin - Pro has to be one of the worst investors in terms of losing money. He was only speculating £1.75 not so long ago and was very positive and then must have lost money on this positivity.

He is like a weatherman. Never able to accurately predict the weather but when asked what the weather forecast is - he looks outside the window and describes what he sees

[thebull8] 31/12/2022 10:53

You're right I have absolutely no idea what the flow rate will be after clean up but I can make an educated guess - 40% clean up gives around 200bopd so 100% could give 500bopd. I know this isn't exact science. With regards to drop of rates. Again unlikely to be 30% in the first year but plenty of info out there on what expected drop off rates are for Alaska oil and it's not great. With regards to sunk costs you are right but it begs the question if you are only getting 500-750bopd for a $25mil spend, who on earth is going to invest, never mind at a £350million valuation. The valuation is insane.

[references] 31/12/2022 10:42

Echoridge, good points raised. I’m not saying the company definitely will need to raise £100m, but as a shareholder of many years I’m painting a scenario that is a possibility, given the sum Pantheon felt it needed last time, that justifies me not getting panicked out of the shares at this level, even with a dilutive fund raise. Clearly a fund raise is a possibility, and a very low ball one with large dilution is being used as a scare tactic by the shorters who seem to think they are the fonts of all investment knowledge thanks to their binary guess (ps these guys will have tiny shorts, if any at all). I am trying to give some balance to their claims. We are all making assessments as to where a floor might be in the company’s value under different scenarios. If US shareholders lifted the price at their end to 50p last night then others too are clearly thinking this sell off is overdone. Roll on some good news on the flow fixes.

[echoridge] 31/12/2022 10:19

thebull - Firstly, you have no idea one, whether after clean out and clean up (2 different things remember) that the average flow rate won't in fact be in excess of 750. Two, I'm not sure at all that management ever said 750/day was anything like a 'break-even' rate, but rather their hope/expectation (could be wrong on that). Third, the bulk of that 25m for A2 is now a sunk cost and so the daily production, whatever it may be, need only be compared to the variable and fixed costs of running the well which, I assure you, will be a lot less than revenue from 750 bbls/day equivalent. And finally of course, you have no earthly idea what the drop off rate will be, though one thing we can be assured of is that it almost certainly will not be 30% right away as you're implying.

[fordtin] 31/12/2022 10:17

@Pro_s
in your opinion, what sort of market caps are these interested parties likely to have?

[pro_s2009] 31/12/2022 10:13

Canaccord comment is in this post :



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