Pantheon Resources Share Discussion Threads

[forwood] 20/2/2023 13:59

Loglorry, I don't think short are pathetic, just lying scumbags whose aim is to sow fear and doubt (FUD).

1. They have already unblocked it
2. The previous blocked flow result suggested commerciality
3. Cannacord has stated NPV10 breakeven at c.80bopd/1,000ft with oil at c.$65/bbl
4. SLB, the top oil services company in the world is supporting PANR with drilling (they did the unblocking in record time) and leading the data room effort. They've said over 17.5bn barrels OIP.
5. Baker Hughes, ranked 3rd oil services describes the PANR assets as 'world class'.
Those assets are less than 20 miles south of Prudhoe Bay, the largest, most prolific field in North America.
6. The short thesis is empty of any hard data, just a belief it's too good to be true and baseless insinuations of a fraudulent promote v eSeis seismic data, SLB & BH data from actual drills.

I could go on but you get the drift.

[padamster] 20/2/2023 13:47

Log - this is where you are completely wrong. The well at the moment on current output and current market rates is economic. If after 9 months the above is the same then it would be deemed commercial. However, the expectation is that rates will be better once cleaned up. If you want to interpret what I’ve said above to meet your agenda then feel free as at some point the market will grasp the opportunity staring at it

[mlf51] 20/2/2023 13:46

I didn't say all shorters were pathetic just your attempt at it.

[hpcg] 20/2/2023 13:45

I'm still not taking this as anything more than trading noise. The lead up to the cleanout 'event' was bought by traders whom are now taking profits. At the end of last week I was going to write down what longs and shorts are hoping to see in the coming few months, but was deterred by the petty squabbling:

For investors:
* A pro-rata increase in HC liquids production to the nominal rate for the full well length.
* No drop in total of water and HC liquids combined at least until all the frac water has been returned.
* Once cleaned up HC liquids being close to the water + HC liquids total, at least for a short time.
* Modest declines in HC liquids over time.
* The choke opening up somewhat.
Ideally all of these, or better, but ultimately decent oil and condensate production figures, with as, previously discussed a 9 month 30-35% decline.

For shorts:
* HC liquids decline despite the clean up.
* No sign to an end of the clean up.
* Water production increases.
* Well bore instability / sand ingress.
* Hefty decline rates looking towards a 9 month 50% decline.

Another block or similar, and abandonment of the test would be unsatisfactory for both positions, though better for shorts in the immediate time frame. The rate of decline is what we all want to see. I'm not sure anyone knows what they want from gas fractions; I guess shorts wouldn't mind overall declines in HCs, though if liquids stays the same and gas declines perhaps longs would be fine with that?

[loglorry1] 20/2/2023 13:39

why are shorters pathetic and longers heros? We are just taking the other side of your bet.

[mlf51] 20/2/2023 13:38

Loglorry1 is obviously not a first team member of the shorters, pathetic.

[loglorry1] 20/2/2023 13:37

Yes I am short PANR and why not? The current well even if they do unblock it and flow it a bit better is very unlikely to be commercial despite what they tell you. Much more importantly how do they scale this project. Every well they drill has problems and costs a fortune. It simply won't work which is not surprising really because the prospects have been around for years and if was any good the majors would have drilled and exploited them.

Then there is the problem of the gas which they are playing down but clearly is a major problem.

[padamster] 20/2/2023 13:27

Another opportunity to anyone to top up or come on board. The sale will not last for ever. Also another opportunity for shorters to close but they won’t as they believe it’s going to zero contrary to all the evidence out there that points to the opposite

Be very careful

[deangadgetclub] 20/2/2023 13:26

Hello Swendab. Please can you spare me an appropriate number of coins to access the Guild. I have been a keen supporter of PANR for 18 months.
Many thanks in advance.

[forwood] 20/2/2023 13:24

loglorry - it's short action pure and simple. You're scare-mongering feeds that. Don't!

[mlf51] 20/2/2023 13:22

No one has heard anything that's why nobody is saying anything, suggest you use that method. Tick tock.

[forwood] 20/2/2023 12:49

Not a good day for advfn to mess up trade data, but is that an excuse for the absence of buying? We really were down over 8% recovering a bit now

[hiddendepths] 20/2/2023 12:48

Uh oh. Below 49p.

At least Presidents Day makes it a bit less likely to be news from the well.

[helpfull] 20/2/2023 12:30

Cor blimey, guv!

Watch that break to the downside. The bearish ascending flag is about to disintegrate. When it does, here comes the 10p target:


free stock charts from uk.advfn.com


Be careful.

[mlf51] 20/2/2023 11:58

" guild is creaking " like you would know lol. Tick tock.

[bigdazzlerreturns2] 20/2/2023 11:23

Chart gearing up on the daily for a period of weakness.

Let’s see if it plays out.

Guild is a creaking.