Pantheon Resources Share Discussion Threads

[bad gateway] 13/1/2023 11:34

Careful what you wish for with the webinar imo.
Last webinar found through RNS service was 5:30pm BST (British Summer Time) on Tuesday 26 April 2022.
Stock fell the days leading up to the webinar and closed on the day at c.138p. Three sessions later found a temporary bottom at 121p so no certainty of a positive outcome (esp if they're still waiting on the workover rig).

[padamster] 13/1/2023 11:16

WoW surprised you agree it’s after the results. I think you and your clan should join the webinar on 24 th and you may learn something

[hiddendepths] 13/1/2023 11:14

Interesting that the price in the last couple of days has spiked upwards when the early bird Americans start getting to work. With US based stocks, the "locals" always find out what's going on earlier than we do. I wonder what the talk is now.

Don't forget that the project workforce all have phones!

[olderwiser2] 13/1/2023 11:07

JakNife of high integrity
While you are here could you explain why you deleted post 30365
The one in which you added a word to a quote, thus altering its meaning. I have the screenshot if your memory is poor.

"Independent Expert Report" and a Resource Statement"

Your addition of the "a" to create the impression there were two documents, was exceptionally devious. Not many would have noticed as it looked so similar to the original in the PANR document you linked.

[forwood] 13/1/2023 10:56

JakNife, re you last point in 31543, we will never know, because there's no way to check that due to your deletions.

'Lying by omission' - as you are quite the pedant on occasion, you will know that what they've said is not lying. And what they said wasn't a categoric 'for all time for all eventualities' statement but in respect of Alkaid 2. The cost of a workover rig for 10 days has been rising but even now, probably no more than $250k. Knowing Jay's keenly felt sense of not spending too much, he will probably strike a bargain, maybe even a lower price with a success element, ie a proportion of the resulting revenues.

As to your first point 'deceived by misleading you into believing unreasonably high expectations regarding the company's oils prospects', the logical answer to that is whether high expectations of success are a) objectively true (and several leading oil service firms have supported their views), and b) if it isn't true, did they do so deliberately to deceive. And on balance i believe they did not.

Would I wish to have sold out above £1 and gone away? No - I wish I had sold out at £1.50 and gone away! But I think it highly likely that I would have re-entered at this point. The mistake you are making is thinking that your judgement is infallible because you got this one right in terms of where we are with the share price You say you've done this before. I believe you, but I would not believe you if you said that you have never got it wrong.

As for being rude to you, I expect it was mostly out of provocation, as instanced today by some of the extreme things you've said, which you presumably could have anticipated I would find offensive. I'm sorry if you truly feel hurt by that.

[olderwiser2] 13/1/2023 10:43

JakNife 31534

Quoting without context, is very naughty, it is misinformation at play, below is the actual post. Not to shabby on the flare volume estimate is it, 1500 to 2000+ mcf/d range, when the actual reported is 2500 mcf/d, my apologies for being a we bit conservative.

On the other hand these flare picture's and sizing so concerned Truant2b1 and JakNife between them they concocted, its fed by diesel and turbine exhaust to discredit the obvious size of the flare. How accurate are the short team, diesel obviously laughable and disproven by the 2500mcf/d declared, turbine exhaust would certainly have caused the flare to explode, as the oxygen rich ignition source met the hydrocarbons in the flare. Credible posters LOL

You will also note within the post "GOR is not a proven" If you did not understand that GOR is the divider that gives the oil rate, you are less capable than most, with 2 worked examples, it should not have been hard. As always we work with what we have. That being 2 prime reference points, both of which come in below 1000
Actual flowing GOR from the Alkaid 1 flow test
PANR assessment in this presentation, page 7

Currently the GOR is higher than expected, will it remain so, that is for a full flow test to prove. My confident expectation is it will reduce as the initial gas release from the reservoir fluids is replaced by flow from further within the reservoir rock.

Here is the post for your reference

To add a little to the flare pictures,
Having monitored and previously given a calibrated eye opinions, on the flare pictures from the first batch on the 5th December. There will be skeptics on the ability to do this, but take it for what it is. Any eye that has seen plenty of live flares and had the flow rate displayed on a screen as well. A ballpark estimate more accurate at the lower end than this higher rate.

The last batch have picked up a bit from the previous batch, confident to now place the flare flow in the 1500 to 2000+ mcf/d range
Quite an achievement for a well planned to flare 500 mcf/d. As per my previous post at a GOR of 650 ft/barrel and 1500 mcf/d it is potentially 2307 bpd of oil. GOR is not a proven, at this point in this well, but even extending GOR out to a very unlikely 1000, it still shows an oil flow of 1500 bpd.

[padamster] 13/1/2023 10:38

Jaknife if my memory serves me right you have failed to respond to my question yesterday. Is the raising of funds prior to or after results on A2. It’s Y for for after results?

[forwood] 13/1/2023 10:19

Bdr2, Olderwiser's call on the flare was optimistic and clearly wrong in fact, though I believe that in other circumstances such a flare would have been rightly indicative of a high flow. No-one is immune to error. He did retract it before the RNS and offer an alternative explanation. But is it deluded to think that what an expert says is likely true? I don't think so. Nor is it deluded to venture an opinion: 'shorts are gonna burn'. Sometimes, probably more often than not, they do! The evidence for that is the regular warnings by CFD providers of the extremely high proportion of such traders losing money - granted not all shorts but in my experience, personal and observing others, they certainly do. Am I overweight here? Yes. Completely contra to portfolio theory and highly risky. I know that and accept the risk. It has done well to date, though clearly niot as great currently as when it was up over a £1. And while I can't be 100% certain, I expect it will recover from here, quite substantially.

[bigdazzlerreturns2] 13/1/2023 09:56

forwood13 Jan '23 - 09:30 - 31537 of 31538
0 1 0
bigdazzler - serious question. How does it feel to have your judgement categorised as 'deluded'. Your answer 'Wow! Just wow' sugests you think it's inconceivable your judgement might be wrong, and that is an almighty conceit. You, wrong? Unbelievable! Perhaps just consider that when you say others are deluded.


Serious question answered.

I am quite happy to be wrong that part of the acceptance of trading well. If you accept you can be wrong then that means you put in the correct risk management to protect yourself as well as develop.

Deluded is the knocking of the negative posts because they must be wrong due to the fact that some of the faceless posters are ‘experts.̵7; You know the ones that read flares and the others that guarantee that the RNS was going to be ultra positive or the shorts were going to burn.

That’s delusion,it’s past blind faith.

Oh and then there is the moderator of the guild that tried to rubbish everything negative before the RNS. Then came the RNS and price crashed and all there messages were deleted.

That’s just plain naughty. I’m sure you have a logical answer why Swen has deleted all his posts.



So a Serious question to you? Are you seriously overweight in your holding of PAnr and what percentage holding do you have in PAnr of your overall portfolio.

Cheers Bdr2

[bad gateway] 13/1/2023 09:46

forwood I've gone through your posts and can't find one where you're knocking your guild leader swindle1 for deleting all his posts over the past year or so on a daily basis?
Is hypocrisy a prerequisite for joining the guild

[forwood] 13/1/2023 09:42

JakNife, you're another one: 'every single word that I've written here has been completely true.' That's self-deception of the highest order if you actually believe it. Although I can't now quote the many lies you've stated because of post deletions (and why do that if you stand by everythign you say?), or even the judgements that were highly questionable, I will assert from your post above several: 'the people who were telling you porky pies were your board of directors'; 'a massive death spiral convertible'; 'I've demonstrated incredibly high moral fortitude'

Those are your judgements. They are not 'the truth'. You are lying to yourself if you believe them 100%, as you assert. Hubris and self deception aren't the only words I'd use. That you try to get others to believe you by adamant conviction betrays moral bankruptcy of the highest order. It is despicable!

[forwood] 13/1/2023 09:30

bigdazzler - serious question. How does it feel to have your judgement categorised as 'deluded'. Your answer 'Wow! Just wow' sugests you think it's inconceivable your judgement might be wrong, and that is an almighty conceit. You, wrong? Unbelievable! Perhaps just consider that when you say others are deluded.

[evilblues] 13/1/2023 09:17

..'actually I've demonstrated incredibly high moral fortitude'. Hubris akin to Trump here and we all know about his truth pumping.