Pantheon Resources Share Discussion Threads

[welshwiz] 01/1/2023 17:48

First it was loglorry and now jaknife.
I went long on Friday.
After being un decided before the report.
The research I did was extensive.
They say the bears are clever ?
Perma bears are as stupid as perma bulls.
Calling BOD liars was a very stupid thing to do.

[echoridge] 01/1/2023 13:37

Well it certainly was a summary of something, just not anything resembling reality. First off, hp, since we’ve been spared your ‘rightingsR17; on pantheon’s capital needs/availability vs it’s CoC (as much fun as it would have been to see you try and muster all the might of your Intro to Econ background), let me help you out a bit: one, A potential ‘fundraiseR17; is not some sort of bogey man as poseurs like you seem to be convinced of. Pantheon always had to raise some dough for the next drill, regardless of the results from A2. However, with 17m in the bank, that was never going to be a lot anyway (and certainly not at this distressed share price) as you are trying to imply. Second, the results thus far from A2 were more than promising enough, combined with real flow - which is likely to increase materially with the clean out at mid month - now generating real revs no matter how much you want to minimise them, that the Company could go out and raise 10-15m with little difficulty at these very attractive levels more or less tomorrow, and not at a deep discount, if that’s what they choose to do, while their access to alternative fund sources in the medium term like a farm-in have likewise improved, no matter what the share price is saying in the (very) short-term.

[pro_s2009] 01/1/2023 13:25

Simple summary is, imo, this is a bargepole stock until the next fund raise and then buy the discounted price for a quick profit post fund raise.

[thebull8] 01/1/2023 13:21

PIs are always the last to see it

[hpcg] 01/1/2023 12:46

astorcourt - chuckle, I see what you've done there.

[hpcg] 01/1/2023 12:41

Yesterday I did start righting out a long piece about how the economics of #2 are doubtful and probably don't even cover the cost of capital. However, it is wasted on this board which is of no significance to the direction the company is headed. The committed longs won't sell, they would rather lose all their money than just some of it. No new investors are coming in at this price with the data we have now. On the message boards it will be a rerun of East Texas with "knowledgeable" posters gradually losing credibility and influence as the share price drifts. So instead in summary form here is what we know:

1. Company needs to raise money for #3 well (RNS 30 Dec).
2. Production from #2 was supposed to finance future projects. At best it could keep the lights on.
3. Even in full production the company states that oil production would only "allow for future capital needs to be partly funded through production revenues" (RNS 7 July).
4. 178 days or nearly 6 months since spud, 97 days since stimulation completed and #2 is still not functioning as intended.
5. Results are way below prognosis from the May 2022 presentation, however one prorates the horizontal section.
6. The subsurface problems at every well are features and not exceptions.

The 10 year chart should be compulsory viewing for longs because history is quite clearly repeating.

[rafthorney] 01/1/2023 12:32

Thank goodness we know a few guys that know what they are talking about.

[rabito79] 01/1/2023 11:33

Echoridge, yes I have been reading similar. Twitter awash with it's a gas field despite low gas rates seen in all flow tests until Alkaid 2, which itself may have higher gas at the moment due to complex issues as I understand involving high initial drawdown liberating gas which once shut in (due to blockages etc) displaces oil and gas in the near well bore area (paraphrasing Tele here). Time will tell but this is likely the reason they are encouraged by initial results. We still don't have granularity regards water cut and an updates on total fluid rates so in reality nobody has a full data set to make statements regards well performance, particularly those we no industry experience.Straight after the results I was e-mailed by an experienced oil veteran (reservoir) who asked if he had missed the bad news. But we are 50% down and the shorts are looking very clever. To be fair my current position is for the long haul now and I would need to see a deviation from the geological model to change this, I have not seen this yet, apparently either have Pantheon.

[echoridge] 01/1/2023 10:11

Rabito - there is a working theory among a couple of the oil guys I speak to on the higher than expected gas levels (look away now, pro), which seems to me attractive both for its simplicity (so much so that many here may well have accounted for it already, and if so, I apologise. I am very much not an expert) and how it comports with the - as always - carefully worded RNS: namely, that due to the blockage and the resulting decision to employ very cautious test rates, the heavier components - ie., the oil - are much more likely to sink to the bottom and thus allow (much) more gas to enter the mix tested. Therefore, the 'confidence' of management that is so carefully imputed in the RNS, that with the arrival of the worker over rig and a proper clean-out, the well bore can be opened up to more conventional pressure levels and the mix would naturally begin to alter in favour of the heavier oil.

[johnswan193] 31/12/2022 23:24

“Alex Stahel is a criminal and should be in jail”.

Get a grip Rabito. Typical emotional PI, gets burned and it’s somebody else’s fault. I don’t understand why more of you didn’t follow the lead of management by selling shares at 3x the current price.

[bones698] 31/12/2022 22:44

Yup your in the right place if your looking to keep the trend going of buying into failing companies . Lol that made me laugh

[echoridge] 31/12/2022 19:34

And for good measure, Rabito, I'd point out that there was never a 'Stahel Report' in the first place as this shameless truth contortionist keeps claiming. All Stahel did, in his pique at being embarrassed by Scot, was to pin the notorious Peel Hunt 'research' sell note to his twitter account, a report that has not only been thoroughly debunked, but was written by a junior analyst who never did any due diligence whatever on the Company's assets - a shocking breach of normal protocols by an ostensibly reputable broker-dealer like Peels - and in fact, is currently being investigated for its questionable origins as Peel Hunt obviously do not officially cover PANR. The mystery deepens further if you actually get a copy of the 'piece' and note that it has none of the branding typical of normal research output. In fact, in the most recent comments from Matt Cooper, you would be hard-pressed to find any graphic markings clearly identifying it as having been produced by Peel Hunt at all without a magnifying glass. Very odd that....

[rabito79] 31/12/2022 19:03

Alex Stahel is a criminal and should be in jail. Numerous Pantheon holders know who Scot126 is and know for a fact that the doxing documents he shared are a fraud.Creating a document to mislead others is a criminal activity, one which Fraser Perry is doubling down on. Fraser, muddy waters and Josh Young were all copied on the faked document. Indeed Josh Young feigned shock and horror and Fraser now claiming he has a 'extensive file on' the wrong person named in the dox. Numerous people on this board can vouch for who Scot is. I really hope this blows up in their face, as these guys are the true threat to PIsYet you come on here saying there was no coordinated short attack and questioning the boards integrity. It's people like you that mean this criminality goes unpunished.Pantheon's resource estimates and modelling have been largely verified by Schlumberger. Something none of the shorts have produced contrary evidence for. Indeed something you were unable to spot when you read the Schlumberger RNS.This flow test is far from over, they haven't even got to IP24 rates yet. I look forward to the full results so we can see what the reservoir can truly do.

[echoridge] 31/12/2022 18:50

Not in Alaska, bull. They trade at a premium.