Pantheon Resources Share Discussion Threads

[dixie deans] 24/1/2023 19:48

For those who seek to sow discord and untruths the following verse from the Bible came to my mind in bed last night:" Vengeance is mine, I will repay says the Lord".

Just Google the Great White Throne Judgement.

Is filthy lucre worth the cost?

[padamster] 24/1/2023 19:46

In my view probably their best webinar to date. Clear messaging and in predominantly laymen’s terms. Good job Panr

[padamster] 24/1/2023 19:45

How’s your shorts doing Truant? I hear your hurting 😂

[fordtin] 24/1/2023 19:43

Webinar still going.

Too busy listening to the content to make many notes.

The only note worth posting is ‘too much information to summarise, recommend listening to entire webinar to avoid anything being taken out of context.’

Edit - finished as I pressed post.

[truant2tb1] 24/1/2023 19:35

Under their license conditions the scallywags at PANR have to provide an update to the Alaska Oil & Gas Conservation Commission... it'll be minuted and available on the public record. This will be FAR more insightful than the drivel served up in this evenings' meandering webcast

[forwood] 24/1/2023 19:28

US currently up 9.8%. You can have a target. We're more than 5 times above that now. Please change your monike to 'wishfull!

[references] 24/1/2023 19:00

Thanks Helpfull. Really Helpfull. How big is your short?

[helpfull] 24/1/2023 18:56

Cor blimey, guv!

Common sense to ask why the company wants to "educate" shareholders and assuage any fears. The only reason is that the share price needs to be higher for a subsequent cash raise and to meet the repayment of CLN's and interest. The share price was marched upward and slid away back down without traction. A period of reflection. Only an idiot makes predictions but I would predict the share price will end the week lower.

The same assumptions are being made as previous. The same mistakes. There is a need for cash to cover future plans. 10p is the target.

Be careful.

[fordtin] 24/1/2023 18:53

Q&A starting now

[babysitter] 24/1/2023 18:24

Can't listen as at work.
If anyone can fill in on any answers re funding and cash position answer I'd be most grateful.

[hpcg] 24/1/2023 18:15

The company is very clear with its disclaimer:

It is not intended to represent the Company's estimate of full field economics; rather it models the actual flow rates and product mix reported on 30.12.2022. Should flow rates or the ratio of oil to other hydrocarbons improve, then we would expect the projections to improve materially. Ultimate commerciality can only be assessed upon the conclusion of flow testing operations. I note also the P50 assumption. P90 would be more conservative, but, so far as I am aware P10 and P90 have not been published? Even then the 10% observation is still sensitive to the assumptions and range of parameters that go into the simulations.

What is never said is that if flow rates get worse, i.e. the frac hasn't really worked and the tight sand has insufficient porosity and permeability for oil to drive without significant pressure support. We won't have any idea about that until there has been a flow test over a decent period, which the company does remind shareholders of time and time again:

As is always the case, we remind shareholders that a definitive assessment on commerciality cannot be made until flow testing operations are completed.

The geological studies don't mean jack in comparison with the actual test. The drill bit is the only arbiter. (I'm not saying they are done badly, or misleading or anything, but, like macro economic forecasts they are almost never right).

As noted by a poster above the field can be commercial but there still be negative returns to the shareholders simply because of the market cap that the company trades at. Hence the share price reaction.

[fordtin] 24/1/2023 17:46

If you're not listening yet, I seriously recommend you log in now. Phillip Gobe has given a very strong opening

[squiresquire] 24/1/2023 17:42

History lesson now, webinar?. Pub calls.

[thebull8] 24/1/2023 17:26

Imagine celebrating not selling the top and then buying a 20% bounce and not selling again

[padamster] 24/1/2023 17:21

Bull you can’t be a great investor if you missed out on the bounce from 37p 😂. Have to thank you and your cohorts in allowing me to make small top ups. Not large ones as I have a large holding.

[thebull8] 24/1/2023 17:15

I am well aware of what the footnotes say numbnuts. If you bothered to run the model instead of believing everything PANR put on paper you might have a better idea of what I am referring to You see soon enough. Going to share with the large short once it has pumped and I have a decent sized position