Pantheon Resources Share Discussion Threads

[padamster] 17/2/2023 15:10

Time will truant - time will tell who was right or wrong. You have Panr as your largest short which you have declared on your twitter. Good luck.

[truant2tb1] 17/2/2023 14:52

Manjit PADAMSTER 65% down from the highs and still piping up! What will it take - 20p for the penny to drop for youP.S. you might want to take a look at what's going on stateside since Weds... Sounds like it's not dawned on you I'm in business LOL!!!!Haha

[seejayem] 17/2/2023 14:51

On the vid-Encouraging to see 4 big 6 axle (190 barrels each) and 1 small Worley tanker ready to roll.

[helpfull] 17/2/2023 13:15

Cor blimey, guv!

This is the elephant in the room:

"it is estimated that the well is still less than 40% of the way through cleanup phase"

That's from RNS dated 30 Dec 2022. That 40% is based on all 5,300 ft of the well. They did not know how big the blockage was:

"wellbore is partially blocked with approximately 1,000 feet of frac sand"

They do not know what percentage of the clean up fluid was coming through the blockage.

When estimating about "40% clean up" it can be assumed that most of the clean up fluid has come from the 4,300 ft of the unblocked well. 40% of 5,300 ft represents 49% of the unblocked 4,300 ft. Therefore, the oil production figures of 200 bopd is a fair example of what the well will produce, or 247 bopd pro rata. Those peeps thinking there will be an upturn in the amount of oil produced now that the well has been unblocked might be sadly disappointed.

Be careful.

[forwood] 17/2/2023 12:47

JakNife. First off, a daily chart with a mid day price is not in any way conclusive though if we end the day down here, it would be on the way to breaking the uptrend. I'd prefer to see more than a single day's closing price to confirm it.

As to why, it's pretty clear the short side have been playing the game, probably with a view to maximising profit before closing, though no doubt you will try to tell me ordinary punters have been selling - except they haven't!

This is from a post I made to the guild y'day:

"In the closing auction 2 days ago, the shorts began an attack to get us down from 60. They didn't have to spend that much doing so. In total yesterday [15th] they sold 590k taking out the AT bid and a further 155k in the closing auction to get to 53.80. There were just 430k buys from the AT offer. This compares with a massive 1.75m 'O' buys from market makers v 333k sells. Market makers are likely now to be short of stock.

I don't suppose anyone thought that we'd get an RNS today [16th] but after the initial bounce back to 60, the shorts have repeated the attack. Why? Because they can! The figures look like this [updated to end of day]:

..................Buy................Sell.......?
AT Total........698,852......839,099
O Total.......1,392,095......441,542....147,047
UT Total........346,206
Grand Total....2,437,153.....1,280,641..147,047"

So, over the 2 days, 4x as many O buys as sales, more AT sells (with falling price, suggesting deliberate short action), with market makers going further short alongside the real shorters.

The point? The shorts have spent about 1.5m shares (c £870k) to get the share price down 12.5%. I haven't included figures from today and am not claiming all sales are shorts but the point is made: The 2 main shorts have c 10m short between them, so that's a value trade for them, so long as they can close without pushing it up too much. In reality, I don't see how they're going to buy 10 to 11m shares without a massive squeeze up.

The long's problem is there's not enough AT buyers to stop them (yet). Plenty of O buyers though. Also, to date, MMs appear reluctant to balance their books.

Within a few weeks, we will have another webinar and presumably more data to come, inc initial flow rates. The longs expect those will be good, perhaps the shorts do too and are looking for a suitable closure point before then.

For me that is the only explanation for the selling after what was a very quick resolution of the sand blockage. Another major positive is the increased involvement of SLB, with the success of the cleanout largely down to their involvement. Although PANR will be paying for it, is it likely they would be so keen to help if they didn't share management confidence in the acreage?

[helpfull] 17/2/2023 12:27

Cor blimey, guv!

The well was still blocked last Friday. It was in a RNS.

I'm still saying the target for the share price is 10p.

Never owned a share in EME or a short in EME. Never invested there so couldn't have lost anything. My posts about EME are still there (unlike any of your posts anywhere) to be read. I advised to sell from 12p downwards. A high risk gamble that failed.

Do you really think I would like to join the guild? The guild does more for the decline of the PANR share price than any poster. It has been a positive boon for shorters. What idiot set that up?

Be careful.

[padamster] 17/2/2023 11:26

Truant why do you post like you know what time are talking about. Your record tells everything about you. You are desperate as your other shorts are being hammered. Talk about something in April- what’s happening in April?! Put the spade down

[forwood] 17/2/2023 11:25

Bully - a deranged fantasist, completely unable to report a modicum of truth, having swallowed uncritically the ramblings of those who know nothing about oil exploration.

How can you post that nonsense in 2680 when SLB, the world's leading oil services company has initially stated 17.5 bn barrels of OIP, which conservatively suggests 1.75bn recoverable; when Baker Hughes, ranked 3rd in the world oil services company, says PANR's assets are 'world class'; when Alkaid 1 was estimated in an IER to have 76.5bn recoverable (due to be uprated following the A2 drill). Alkaid hasn't ever been exploited, so the the term 'declining field' is a complete misnomer.

You don't get how oil search companies are rated. Take the WHI valuation of just 3 of the fields here (Theta west, SMD & Alkaid): over £10 a share unrisked, £2 current fair value at $80 oil; Cannacord current target(sept 22)is £3 a share. What will you do when A2, the smallest field in the portfolio comes in with flow rates substantially above the 80 bopd/1,000ft that Cannacord estimate is the NPV10 breakeven at $65/bbl oil. I could go on, but I expect you will just continue to ignore and cling to your fantasies.

[evilblues] 17/2/2023 11:08

...Now the well is clear?

[truant2tb1] 17/2/2023 11:07

The MCap is still circa £380m. A screaming sell for a penny stock promote with no commercial assetsThe rerate has much further to go. The selling pressure of the death spiral can really kick in now ?

[helpfull] 17/2/2023 10:53

Cor blimey, guv!

swenny, you were eulogising over a rise above 60p yesterday morning. What happened there?

I would repost a link but your post has gone awol. What happened there?

This post will self destruct in two hours. What's going to happen there?

10p is the target.

Be careful.

[padamster] 17/2/2023 10:48

Swend - unhelpful and truant are about to lose a packet on Panr. They are some of the worst traders I am aware of but Pro takes the trophy

[helpfull] 17/2/2023 10:23

Cor blimey, guv!

Here's one I made earlier:


free stock charts from uk.advfn.com



Might be nonsense but might not. Other charts are available which have the share price moving up, but it is continually moving down at the moment. The bearish ascending flag is under pressure to the downside. A choppy week ahead perhaps.

10p is still the target.

Be careful.