Pantheon Resources Share Discussion Threads

[thebull8] 31/1/2023 10:31

BOD means barrels of oil per day So 200BOD is correct

[just one more try] 31/1/2023 10:25

Got to love the shorters here. Choose selected data out of context. The information provided by the company was 550 BOD of which 200 was oil.

This has turned into - "200 BOD oil..."

Then of course is the absolutle knowledge - of failure.

On every post I write, I point out, that things can go wrong - however, ultimately it appears there less and less chance, as problems are dealt with and remedied.

We now have a full workover rig on site, I understand this type of rig deals with what is a fairly routine occirance in this type of well..... Cleaning out and should be succeful, then the flow test. Ithink tha after removing blockages, that the flow rate will increase. It is my experience (not in O & G) that blockages do reuce the flow rate.

[thebull8] 31/1/2023 10:15

Flow? You mean dribble?

[thebull8] 31/1/2023 10:00

I'll be ok pal - closed most of my short following the new year sell off from around 100-120p Even if this does 100% I'll still be massively in profit

[jontyfromsa] 31/1/2023 09:44

Take your own advice bro
You’re gonna be like your mate bull when your short position gets smashed to
Smitherenes. Be very careful bud

[helpfull] 31/1/2023 09:40

Cor blimey, guv!

Learn from the past!

The rig is onsite. Clearing that 1000ft blockage. Production was 200 bopd. Will it actually reach 250 bopd? Everyone can see what's happening.


free stock charts from uk.advfn.com



Look at the chart. The bottom of the ascending flag is now represented by the short term moving average (moving up from 40p in blue).

Compare it to what happened a few weeks ago between 70-80p, before the 30-40p fall.

The share price is weaker this time. All long term upward trendlines are smashed. The ascending flag is a bearish signal and usually the share price breaks out to the downside.

A fall to 10p is approaching. Not in the next hour. Not in the next day. But it is approaching.

Be careful.

[jontyfromsa] 31/1/2023 09:31

Will you eat humble pie when you get smashed bull or slither off. You’ve been very vocal the last couple of months. Just remember, the share price can easily move north just as quick as it can south.

[mlf51] 31/1/2023 09:31

Hmm your thoughts on commerciality versus the entire Panr technical team who are saying something completely different ( check the latest webinar) no contest. You must try harder.

[bigdazzlerreturns2] 31/1/2023 09:31

swendab131 Jan '23 - 08:28 - 2070 of 2077
0 1 0
Perhaps you can’t point us to the RNS where it said “ this well was a spectacular failure “ 🤣🤣

On your earlier post you still refer to “ the law of averages “ and the odds !

You have NO idea do you ???




I think the price chart did all the talking.

[justunbelievablejeff] 31/1/2023 09:17

my understanding is that the well hasn’t cleared up yet and we are at < 40 pc fracc fluid recovery and have 1000 ft of lateral to clear of sand , both highly detrimental to an normalised IP24 reading; BUT despite this management has demonstrated that A2 is commercial under their NPV analysis using conservative assumptions (eg + 50 per cent capex cost increase) at 550 bopd (of crude and condensates); id like to see the “short” financial analysis to understand where i have got this wrong; also isn’t this position rather like the ref blowing the final whistle at 1-1 in the 60th minute when we have 30 to play and we still have two strikers on the bench ?

[thebull8] 31/1/2023 09:15

Yup but realistically what are you hoping for if it does clean up? My thoughts are it isn't close to commercial unless it is above maybe 1500bopd and even then that's on the low side

[thebull8] 31/1/2023 09:11

For a fee I am happy to provide this I am guessing from your tone thou you are being sarcastic and doubt the validity of this information

[youngbaz] 31/1/2023 09:02

Sorry - meant to say: One in twenty will be a success!

[justunbelievablejeff] 31/1/2023 08:53

my understanding is the well hasn't been cleaned up yet (

[thebull8] 31/1/2023 08:33

550bopde for a well that cost over $20million to drilll is a spectacular failures my friend. You will understand one day

[thebull8] 31/1/2023 08:22

The other thing to consider with this is they already announced the well was a spectacular failure. They have merely tried to dress it up and pray they can somehow resolve the issues fourth time around

[thebull8] 31/1/2023 03:24

FifthElementGaming - indirect you to PANR own RSN dated 24 January 2023 "As is always the case, we remind shareholders that a definitive assessment on commerciality cannot be made until flow testing operations are completed" Also, commerciality can't be defined literally as a well that makes money. I could explain but you wouldn't understand Owned

[thebull8] 30/1/2023 22:03

No big deal just another 100million shares to fund the next uncommercial well Why you longs so worried about us shorts closing our positions. Looking for a pump to get out your silly situation