Pantheon Resources Share Discussion Threads

[thebull8] 19/1/2023 10:00

I thought the reason for choking was to get off better?

[thebull8] 19/1/2023 08:10

Now spitting out your dummy because you cannot handle your views being challenged

[forwood] 19/1/2023 08:05

ffs, am not going to respond to your idiocy any longer. Filtered!

[thebull8] 19/1/2023 08:01

Ahhhh you gonna jump on the Padamster bandwagon now with the whole short cabal, paid derampers nonsense lol Usually signs of desperation

[forwood] 19/1/2023 07:56

Complete denial of reality Bully. And to be clear, I don't know for a fact that they were under orders to cut costs, but that is the most likely inference. Perhaps they didn't think the leases worth it, I don't know, but reports at the time suggested they were worth something and maybe it was just a bad decision on their part. But you have also been told that producing isn't their business.

And another thing. It seems to me this is part of the short script. I wonder who wrote it?

[probabilityofsuccess] 19/1/2023 07:15

You’re, not your. Lots of ‘differentR17; usernames seem to continue to struggle with the difference thebull.

“Most of the time the easiest answer is the correct answer”

An easy answer would be that the same individual is posting under multiple usernames.

[thebull8] 19/1/2023 06:53

So your claiming for a fact that you know Halliburton gave up their share of the leases because they were under orders to cut costs. Utter tosh. Oh and I would assume most of Halliburton's losses were write downs as opposed to cash calls. Once again bulls unable to face the reality of a situation. Halliburton assessed the leases and did not even feel they were worth drilling. It is literally as simple as that

[mlf51] 19/1/2023 06:42

That's the problem with your thesis you prefer easy to fact.

[forwood] 19/1/2023 02:33

'Bully is stupid' sounds real easy, doesn't it? And it could be true, given your staggering lack of business insight. When you're down $1bn and looking at another $3bn, yes, you do pass up the opportunity to spend nearly more, when you don't know what the prospective return is likely to be!

As Pantheon is now in control of Alkaid, they are not 'on the hook' for anything other than recurring lease costs and the cost of proving it up. However, the longs are not concerned about the future development costs for a reservoir so close to the Dalton Highway and pipeline, which is why they're entertaining prospective farminees even as you witter on.

Have patience. Your wrong-headed thinking about the Alkaid prospect will soon be shown up to be an illusion, like most of what you write here.

[madd_rip] 18/1/2023 23:40

None, he prefers reaming to be dry.

[rabito79] 18/1/2023 22:45

It was a deal signed a relatively long time ago in an completely different environment to that which HAL found themselves. A deal likely signed by none of the people present in HAL given the high turnover in oil services companies and one which likely had no budget assigned for it that year when HAL were in cost cutting mode. A mode you bizarrely insinuated was exclusive to Alaska in oil market downturns.

[truant2tb1] 18/1/2023 22:29

The year is 2025, PANR shares are worth 1.5p Forwood is still talking about the data room ?

[jamins] 18/1/2023 22:22

Erm, maybe because being on the hook drilling wells isn’t Halliburtons core business. They are a supplier and consultancy.

[thebull8] 18/1/2023 21:16

So you are telling me that Halliburton - an oil and gas giant worth $40billion, who according to your own research reported losses of $1.1b in 2019 and $3b in 2020 were so worried about the drilling cost requirements of $80m that they just simply gave them up. Come on mate you cannot be that stupid. You sound a lot more intelligent than the rest on here. Does open up further questions about Pantheon lease obligation costs and requirements thou

[forwood] 18/1/2023 19:22

Bully. here is a fact that you could have uncovered if you'd done some proper research: Halliburton surrendered their 25% working interest in 6 leases jointly held with Pantheon, in return for Pantheon accepting full responsibility for all future lease obligations (ie H's responsibilities for future development projects and costs).

I don't know what the development plan was for those particular leases at the time (2019),if any, but 4 of them cover the Alkaid reservoir. A 25% share of the current plan would have cost Halliburton c $80m. At the time, oil was $60 a barrel and Halliburton reported a $1.1 bn loss for 2019, which grew to almost $3bn for 2020. So,I expect a substantial $m contingency would have been carried on the books, and H would have been very keen to avoid increasing their losses.

Remember also Pantheon held the seismic data and I don't know if they shared it but you cannot assume H knew what the payback might have been. H's 25% lease surrender is a complete straw dog, and easily disposed to anyone with a reasonable understanding of the business.

In total Pantheon now has about 187 leases in the area.

[madd_rip] 18/1/2023 19:12

She did mention something about button mushrooms and premature arrivals when she opened the door. Very disappointed apparently not worth even answering the doorbell it was that quick. Plus didn't know you were into octogenarians. But I suppose being a gimp it takes all sorts.

[thebull8] 18/1/2023 19:06

Less than an hour? Have been posting for weeks