Pantheon Resources Share Discussion Threads

[thebull8] 06/1/2023 11:25

Schlumberger are one of the most respected oil and gas data interpreters so I do not doubt for one second the validity of their report. The fact that Alaska is sitting on a huge oil and gas reservoir(s) is if no surprise. The issue is and always will be extracting the oil commercially

[mlf51] 06/1/2023 11:15

Oh you should have said you are on the Panr board any other inside information for us.

[padamster] 06/1/2023 11:14

Bull - and what do you make of the Schlumberger report?

[thebull8] 06/1/2023 11:11

2.3billion barrel of recoverable oil and not a major in site If it smells like bullsh1t then it is most likely bullsh1t

[thebull8] 06/1/2023 11:09

So they do not have to report the dribbles coming out

[padamster] 06/1/2023 11:05

Unhelpful- what are the charts stating ?

[helpfull] 06/1/2023 11:02

Cor blimey, guv!

The posters trying to defend the share price might be making the same mistake about the effectiveness of the "clean up" as was made about the significance of the flare. Anything less than 750+ bopd, with total clearance of the blockage and no further collapse of the drill hole, will cause a decline in the share price.

The share price chart is precarious. Much movement below 39-40p and there will be little support. A significant fall could be on the cards.


free stock charts from uk.advfn.com


It could be that the rampers rather than any "shorters" are the people shareholders should fear.

Be careful.

[padamster] 06/1/2023 10:46

Jaknife - serious question. Do you know why the well is shut in?

[shanig] 06/1/2023 10:21

Huge amount of work going in here on the negative side which would suggest those currently short would like to close out before the work over rig potentially much improves the situation for the future of Panr.

[padamster] 06/1/2023 10:18

Bull if you are going to comment then stick to facts as you are making yourself look daft

By the way where did you get the 1.3b from? Is it from an article from the year 1800 😂

[gemstar2] 06/1/2023 10:17

They will once commerciality has been demonstrated

"They have to bite the bullet now and raise enough for a second production horizontal from the same pad."
This has been estimated at a maximum of $20m
= maximum of 5.5% of present equity
Successful flow rate will push this percentage even lower

[olderwiser2] 06/1/2023 10:09

Ok you have the fact part wrong, its ~2.3 billion, the rest is opinion and speculation, weighted to the negative of course

[thebull8] 06/1/2023 09:59

I mean the facts are pretty clear here Pantheon management state they have recoverable oil of 1.3billion barrels of oil. This is a huge amount of oil. Offshore size. The majors should be falling over themselves to get a slice of this pie..... yet they are not? Ask yourself why

[padamster] 06/1/2023 09:54

Pro is the best one. 100% error trading record. If I recall right he went short around 40p - after the event 😂. He constantly makes his moves after the event 😂

[hpcg] 06/1/2023 09:49

So many chickens and eggs here. Money was raised and market cap supported on the promise of big things. They have the cash to fund the work over and run the business. If they raise no money then #2 keeps the lights on for a period but no more drilling. Without the promise of drilling the share price drifts. A drifting share price makes raising money more difficult. If the clean up makes a difference then revenue is higher and the share price supported. If it doesn't then fund raising is more difficult, perhaps terminally so. Without funds negotiating with any putative partner is from a position of extreme weakness. They could do with an experienced Alaska operator running the show, but they don't have cash to participate on anything but a free carry. An oil company asset manager is least likely to be convinced by the data thus far. They can't create an RBL facility without long term decline characterised, and more wells across the area, but they can't afford the wells and they can't really afford to wait for long term decline data.

Waiting is about the worst thing they can do IMO. They have to bite the bullet now and raise enough for a second production horizontal from the same pad.