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Share Name Share Symbol Market Type Share ISIN Share Description
Pantheon Resources Plc LSE:PANR London Ordinary Share GB00B125SX82 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.10 3.38% 33.60 33.60 34.00 34.00 32.80 33.00 3,923,006 16:35:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.7 16.7 10.5 3.2 169

Pantheon Resources Share Discussion Threads

Showing 36601 to 36623 of 36625 messages
Chat Pages: 1465  1464  1463  1462  1461  1460  1459  1458  1457  1456  1455  1454  Older
DateSubjectAuthorDiscuss
26/11/2020
22:49
Finally a reminder about risks with a PANR investment (copied from page 10 of the WH Ireland analyst report dated 11 Nov 2020) so folks don’t accuse this board of being a one-way ramptastic street: General risks applicable to oil & gas sector: 1. commodity price risk 2. risks related to estimation of future production 3. risks related to capital and operating costs 4. operational risks 5. funding risks 6. risk of delays 7. adverse changes to tax system 8. risk that the regulatory regime changes adversely 9. exploration risks 10. environmental risks Plus specific risks related to Pantheon: 1. PANR require funding to appraise and develop their assets 2. PANR's assets require additional appraisal drilling and production testing to confirm validity of assumptions underpinning valuation estimates 3. There is a minimum throughput requirement for TAPS. This creates a dependancy on other operators to maintain throughput through TAPS. Obviously some of the above listed risks have reduced since WHI wrote their report on 11 Nov, whereas other risks will move more to the foreground as the company gears up to drill.
darcon
26/11/2020
22:37
PANR have also applied for a general land use permit for ice road activities: HTTPS://aws.state.ak.us/OnlinePublicNotices/Notices/View.aspx?id=200195 ...and a general land use permit for storage activities: HTTPS://aws.state.ak.us/OnlinePublicNotices/Notices/View.aspx?id=200194
darcon
26/11/2020
22:31
Page 9 of the unit plan of operations application has some handy maps of the planned route for the ice road and the planned location of the Talitha well pad. The ice-road and pad location look like being a fair distance away from both the Sag and Toolik rivers. On the satellite image it looks like there is a small stream to cross and a couple of nearby lakes. My unscientific guess is that a repeat of the flooding that cut short Great Bear's drill several years ago is less of a risk at these locations.
darcon
26/11/2020
22:25
Scot126 - good idea, I'll take a look to see whether there is a specialist oil and gas investment forum, and post there. I am a shareholder in PANR as of this week. I bought £2K's worth in the placing last week with the intention of arbitraging the discount - but I was intrigued by the business case for a longer-term hold as an asset play due to the huge disparity between its market cap and the apparent value of its leases. So I bought a lot more in the market. I did read the 2019 annual report, but only to verify that there weren't any "gotchas" hiding in there. I've edited my thread on cornerofberkshireandfairfax to make it clear that there is actually no debt. Thanks
neil9327b
26/11/2020
22:15
My favourite is the Bear avoidance plan. If anyone wishes to discuss the risk of a drilling crew member or two being eaten by a grizzly or polar bear eat your heart out (pun intended)
darcon
26/11/2020
22:13
The public notice: HTTPS://dog.dnr.alaska.gov/Document/93A76B41B60F41C8B60063A3D69B0105/11-23-2020__Great_Bear_Pantheon_LLC_Talitha_A_Exploration_Well_Project_Unit_Plan_of_Operations_Exploration_Phase? The mitigation measure analysis: HTTPS://dog.dnr.alaska.gov/Document/3C1A04F014DB43D40044E3FAF7711F3E/Attachment_1_-_Mitigation_Measure_Analysis_-_Talitha_A? Bear avoidance plan: HTTPS://dog.dnr.alaska.gov/Document/34070B57DB764636AE9EEB009C01F421/Attachment_2-Bear_Plan-Talitha_A? Single well conceptual pad: HTTPS://dog.dnr.alaska.gov/Document/4C6D3ED7B5034B9B9DA288649CFDAC1E/Attachment_3-Conceptual_Pad_Layout-Talitha_A? Unit plan of operations application: HTTPS://dog.dnr.alaska.gov/Document/884F61A2ACB24DE5A23B90F3E2005016/Talitha_A-Plan_of_Ops_App?
darcon
26/11/2020
22:09
Petroleum News article "Comments call out for Talitha exploration": HTTPS://www.petroleumnews.com/pntruncate/16104499.shtml "The Alaska Department of Natural Resources’ Division of Oil and Gas has put out a call for comments on Great Bear Pantheon’s proposed Talitha A exploration well plan. In a Nov. 23 notice the division said the Talitha A exploration well project was included in Great Bear’s request for unit plan of operations approval. The division approved the Talitha unit Nov. 12 (see story in Nov. 22 issue of Petroleum News). The plan is for one exploration oil well on oil and gas lease ADL 391658, some 8 miles west of Dalton Highway milepost 386.7. Eight miles of ice roads and an ice pad measuring 500 feet by 230 feet will be constructed, with all operations performed on the ice pad, the division said. There will be a satellite office camp, storage areas and maintenance buildings. “Primary drill objectives include testing and evaluating multiple targets in the Brookian and Kuparuk formations,” the division said. Comments on the Talitha A exploration well project close Dec. 23."
darcon
26/11/2020
21:15
Hi neil9327b - it's not the worst idea in the world to find the equivalent of ADVFN in the US. Maybe there's a specialist O&G bulletin board? Are you a PANR shareholder, neil9327b? If so, I'd suggest relying less on Yahoo Finance and instead go to the company website to access the accounts and RNSs. Wee bit curious that you didn't know PANR has been debt free since at least 2012 as a matter of company policy? Also, the recent fundraise was achieved via a placing rather than a rights issue. Trust that helps. GLA
scot126
26/11/2020
21:15
neil9327b - here is the link to the full 2019 financial accounts HTTP://www.pantheonresources.com/investors/financial-reports/648-pantheon-resources-annual-report-and-financial-statements-year-ended-30-june-2019/file The liability is a deferred tax liability and is tied to the paper profit that was booked on the acquisition from Halliburton of 25% Alkaid (see page 46).
darcon
26/11/2020
21:08
neil9327b - good effort to raise PANR's profile on the other side of the Atlantic.
gp1948
26/11/2020
20:56
Hi, I'm the (UK based) poster who started the thread on cornerofberkshireandfairfax. The $17M debt figure I took from a cursory glance at the most recent balance sheet on Yahoo Finance https://uk.finance.yahoo.com/quote/PANR.L/balance-sheet?p=PANR.L as at the 2019 accounts, though I accept this may be the wrong figure for today. The point is the level of debt is low, and the success of the rights issue able to raise $30M easily shows it is not onerous and can be easily financed. I posted it on there because it is US/Canada focused, and thought they might know a bit about Alaskan oil. No replies though - so not much interest!
neil9327b
26/11/2020
19:32
Well it's deffo the same one, but the guys made a mistake re debt.Scot, re PB if you go to their web site you will see some of their ' badges of honour'.I'm not a close observer of them, but my feeling is they've moved up the food chain and are now taking part, together with the more conventional participants, in issues higher up the food chain. I assume for some of these they are more than the 8m euros exemption for prospectus, but perhaps some of these big issues have to issue a prospectus anyway.For the small caps that I follow they would seem to provide a very useful function and can move quickly with the minimum of read tape. I get the feeling companies use PB to include their PI's, not for any other reason.
astralvision
26/11/2020
18:51
scot - Yes, I noticed that. Not sure where this guy got his facts from, but the important thing is that PANR is getting noticed in the US which can only be good for holders here.
gp1948
26/11/2020
18:38
Very interesting, gp1948, and thanks for bringing this to the thread's attention. Don't know if it's a different Pantheon Resources they're discussing because PANR has no debt yet the one on this US-based investor forum has debt of $17m??!! ;)
scot126
26/11/2020
18:32
First time I've seen PANR mentioned on a US-based investors' forum: hTTps://www.cornerofberkshireandfairfax.ca/forum/investment-ideas/panr-pantheon-resources/
gp1948
26/11/2020
18:31
Thanks for the info... I got some placing shares through my broker, but was scaled back like most... topped up on Tuesday in ISA with refund of difference in allocation cash & shares received in placing. GLA
chris0805
26/11/2020
17:57
Ngms - exactly, I got shares at 32p. Not going to stress over 1 pence
og_2020
26/11/2020
17:37
Lets face it most of us could buy in the market close to the placing price in volume. I know I did.
ngms27
26/11/2020
17:32
Primary Bid is a good way of extending options to the private investor community that it would not otherwise have, and I hope lots of issues will use it. That said, the window was so short with PANR that I had to top up in the market.
bobbiedazzler
26/11/2020
17:13
Trading account only Chris. That is the reason that many are annoyed by it, but to be fair to PrimaryBid it is not their fault. There is no way of them knowing if you have ISA or SIPP allowances available. I suppose the best you can do is get them transferred by your broker post issue.
dhb368
26/11/2020
16:52
Can I ask when this transfer happens can PB purchased stock be transferred into an ISA or SIPP with ii, or does it have to be transferred to a trading account?
chris0805
26/11/2020
16:47
Good thoughts btg...
chris0805
26/11/2020
16:32
Dear All - thank you very much for the PB feedback, much appreciated at this end. I have to say, on first glance it does look to be a rather interesting and efficient new participant on the equity scene. Something michaelsadvfn (I think?) wrote a few days ago has remained with me. He was pondering how many share prices remained above a placing price. It's a difficult call as at some point you have to accept xyz stock becomes subject to the vagaries of wider market swings, macro events, pandemic, etc. What's a fair period of time to gauge whether a placing can be termed a "success"? A week for some, a month for others, a quarter, a year or until the next corporate action? All are valid for different investment horizons and requirements, I guess. I bet you somewhere out there in a uni Economics faculty there's data which has been collected in an attempt to come to some rough conclusion. Has anyone, a journo, investment magazine, a twitter peep kept track of the relative success of PB placings? Can anyone point to such research please? I'm wondering if PB tend to get involved when a corporate or broker are fearful they can't raise the minimum amount in a planned fundraise? Maybe it's when a corporate wishes to ensure their private shareholders are offered the same opportunity as instos? Maybe it's becoming the norm for small cap corporate actions? Huh, all very interesting. Ok, to specifics. It sounds like most folk now have the PB shares allocated to their share trading accounts? It doesn't appear to me that there's a tsunami of stock heading our way, which I didn't suspect would happen, but there was always the possibility? *Feels* like the PB stock has gone to informed holders in the main? Plus, we know that Canaccord confirmed to me, in person, that the PB proportion was under 10% of the total raise. All makes sense to me. I’ll confess to being a wee bit surprised that the share price hasn’t moved higher since the placing was closed having raised $30m v’s the $18m minimum. Yes, the acceptance of “overs” on the book can suck out a bit of energy but I must admit I thought the long-awaited answer to “can PANR actually get Talitha drilled this coming winter season?” might have led to a more, hmmm, buoyant response? I guess I’m basing that belief on the positive energy surrounding the stock in the run up to the webinar. There is an incredibly strong argument to be made that the risk v's return has moved markedly *in favour* of shareholders now that the drilling of Talitha is pretty much guaranteed, IMO. That said, there was a spectacular amount of stock traded on Friday, 20th November about which, I confess, I cannot follow the logic. That selling volume could have accounted for those buyers who had been waiting on the sidelines until Talitha was fully-funded? Perhaps if/when TR-1s are published the machinations will become more clear, but maybe not? Between yesterday’s Blythewrigh’s interview and the webinar, it does appear there’s quite a bit of newsflow heading our way up until spud date at the end of January. - TR-1s from institutions/HNWs joining the register? - #downdip SMD Technically Recoverable Resource (TRR) upgrade - Confirmation of rig and crew being contracted [tick] - Ice road begins construction (8 miles) - Drilling applications lodged and permits granted - First TRR guidance on the Slope Fan System - First TRR guidance on Leonis - First TRR guidance on Basin Floor Fan - First TRR guidance on Theta West “perhaps”; - Mobilisation of the rig leading to temporary closure of the Dalton Highway - US PR campaign to get under way in earnest in lead up to spud - Webinar in the last week of January
scot126
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