Pantheon Resources Share Discussion Threads

[padamster] 02/1/2023 08:22

Pro has gone short and you know what that means? The stock will rally north 😊

He is the worst investor on the planet

[chris0805] 02/1/2023 06:36

Nothing new there, but we'll said...

[tizo100] 02/1/2023 05:39

Pro_S2009

just a manipulating FRAUD

[olderwiser2] 02/1/2023 03:09

hpcg
Are you seriously arguing that achieving the modelled flow would be a poor result.

PANR ran an entire webinar on translating vertical to horizontal and came out with a modeled number, some how you have decided it was inadequate

Naturally a single vertical fracture using 77,000lbs of proppant and associated frack fluid, is going to take less clean up than a horizontal using ~10,000,000 lbs of proppant over 29 stages.
No mention of screen out so no concern over proppant penetration, the reverse has been an issue, keeping the proppant in the reservoir. As I am sure you are aware proppant flowback is common

Agreed hydrocarbons in the tank is the target, it just works better with more of the frack water out of the way

[echoridge] 02/1/2023 02:15

no one said gas is good. absolutely no one. no big fundraise is either needed or coming. you shameless villain.

[echoridge] 02/1/2023 01:59

close was 59.6c, equivalent to just under 50p, +16.1% on almost 12m non-double counted shares. math again

[hpcg] 02/1/2023 00:45

Sorry olderwiser2 but the production from the horizontal is terrible. The vertical produced at just over 100 and the targets for the horizontal were set extremely conservatively. The cleanup and blockage situation is perplexing. Flowback should normally take a few days, or if it takes months, which is not unheard of, then by definition not much sandy water is being returned at any one time. It is like the water went into the formation without taking the propant with it. Ideally one wants all the frac materials into the formation, but of course one needs some to return to a) make sure the frac is as complete as it can be, and b) be sure it didn't push through the formation. One would typically want 20-40% of the frac fluids returned so I don't even know what their calculation means. In any case what they want coming up to the surface is hydrocarbons.

truant2tb1 - 3 times prior, Padre Island, South Louisiana and East Tex Austin Chalk

[winthorpeiii] 02/1/2023 00:05

On this and other discussion boards, this stock is dangerously long of hopeful opinion and short of hard data points. The hard data points should be analysed clinically. The commentary on this, for years, has been so irresponsibly biased in favour of opinion, using unverifiable scenarios. I could be wrong but I have seen nothing officially published in terms of a CPR (competent persons reports are very important). The hard data points to date have not been positive.

[bones698] 01/1/2023 23:24

For a start the sharepeice closed at 48 p in the USA not 50p . Then there is that fact the volumes traded are much smaller than in the UK . The only buyers have been fools averaging down or those trying to catch a falling knife . Something which usually ends in tears as they soon end up sitting on losses and locked in .

Your sounding more and more desperate trying to convince yourself that things aren't a disaster but the facts all point to one including the sharepeice .

Given a lot of the things that now come into play like the extra share dillution when warrants are converted at this new lower share price ,the seeming inevitability that they need to raise funds and every well encountering problems it doesn't look good at all


Let's not forget people were saying the RNs on Friday was great before the market opened . A real sign of how desperate lth"ers really are .

Looking at the charts there might some minor support around 30p but other than that it's very thin indeed and a lot will depend on what funding news comes in the coming month or two and at what price .
Many ii's will be very wary of putting money into this now so expect it to be at a pretty hefty discount if /when one is announced . . Glad I'm not one holding here and for those buying now be warmed

The real kicker is it needs to rise 100% just to get back to where it was on Thursday and that's not going to happen without some amazing news which is unlikely to say the least . More likely more delays or issues and then the problems really start to mount . Lack of funding exercise of warrants etc all at low prices . Not good at all

Also I have to agree the mkt cap is still ridiculously high given the failures and poor news still has plenty of potential to fall by another 50% until I would consider it fair value

You have to ask why did the major oil and gas companies walk away from Alaska and specifically pantheons fields so easily if it's such a good prospect . That to me is a big red flag . Maybe they saw things in the data that they didn't like . Haliburton simply handed over 25% to ensure they were not responsible for any future costs . Hmmm

[truant2tb1] 01/1/2023 23:21

Tuesdays price action will be interesting, I suspect we'll see dippers out en force!

[helpfull] 01/1/2023 22:08

Cor blimey, guv!

A long time ago when the share price was above 120p-130p, I had a price target of 80p-85p.
Nobody believed it.

A less long time ago when the share price was around 80p-85p, I had a price target of 40p.
Nobody believed it.

When trying to gauge a new price target after the fall on Friday, the only figure I can find is 10p.
Nobody believe it.

Believe in the flare. Believe in the guild. Believe in the experts.

Ignore the capitulation of all long term upward trends. Ignore the death cross.


free stock charts from uk.advfn.com


Be careful.

[echoridge] 01/1/2023 22:00

Share price closed at 50p in US and looks like recovery will continue in the coming shortened week as the grossly exaggerated fall on Friday's final day of the year half session is reversed and the market has had sufficient time - with the Company's help I hope - to properly assess what was, on balance, a promising update. Friday's massive 35m share volume, even with double counting, was clearly fattened by some significant forced margin selling and year-end adjustments, all squeezed into just a 3 1/2 hour session. The 17% bounce in the US market that followed then, over a full day's trading and on a non-double counted 11.5m shares, was therefore a particularly useful guide to trading this week, while reducing Friday's loss to 37%. Still horrible, but not down by half. Expect more buyers to continue to steady the share price.

[echoridge] 01/1/2023 21:19

but, but, but...the market cap! otherwise, pound sand. I'm only interested in the organ grinders, not the monkeys

[truant2tb1] 01/1/2023 21:14

echoridge

This "disposable junior troll" saw you cut in half on Friday! You're quarrelling from a position of unparalleled weakness i'm afraid, with zero credibility. Rather like an AMC Ape

Happy new Year!

[echoridge] 01/1/2023 20:51

'But, but, but.....the market cap!' That's what you get with all these disposable junior trolls.

[truant2tb1] 01/1/2023 20:28

I see the "dippers" will be out Tuesday morning to add to their bags. For those of you wondering what PANR's £357mil MCap gets you... its as follows:

- A non-economical Alaska oil play with an NPV of £0
- A twice discredited mgmt (Texas & Alaska) who dumped their £5m bags on you in September... also costing $1.6m annually
- A death spiral with another $39.2m to go at 10% discount to rolling average SP
- An urgent need for another funding round for further exploration
- $8.2m in stock based comp with more to come
- Another Alaska lease at $28 an acre

This one is for Lemmings who love dilution

Target price 5p

[olderwiser2] 01/1/2023 20:01

HPCG
On what basis do you make this assumption

5. Results are way below prognosis from the May 2022 presentation, however one prorates the horizontal section.

Presuming you mean the 150bpd/1000 ft of horizontal.
A few points to weigh
The latest RNS is a progress report on the way towards putting out the first result, not a result at this point.
4000ft are considered to be contributing 500 bpd of liquid hydrocarbons, all salable through TAPS

These 4000ft are being choked back below their potential due to the proppant flow back/blockage issue

PANR have calculated a new number of 60% frack fluid flow back before achieving the desired reservoir contact, currently under 40%

So with the gas pedal yet to hit the floor and the brakes still applied the reservoir is producing 125bpd/1000 ft
I expect they will exceed this target, which I note is the modelled target, not the economic threshold of 600 bpd from a production well, (8 to 10k ft or 75bpd/1000ft)
Page 35
Then consider how much of the current flare, of an energy equivalence of 400bpd, is
recoverable as NGLs in a full production facility that has a gas refrigeration capacity to recover the heavy gas components