Pantheon Resources Share Discussion Threads

[just one more try] 13/3/2023 19:18

Ultinmately the shorts are placing all their money on PANR being uncommercial...PANR always were going to need money from either a Farm out / further funding. .

They seem to expect that every drill to thousands of feet will go perfectly, no problems. Just oil shooting out the well.

Yes it has been frustrating. There have been issues. Apart from far more gas and less oil than expected, with what appears to be a logical reason (a small gas cap) - they still say say doom and gloom.... The facts do not seem that way....

[elhank] 13/3/2023 18:51

No argument to be had. You're talking nonsense.Good luck.

[madd_rip] 13/3/2023 16:43

I aim to please.

[padamster] 13/3/2023 16:42

Madd that was hilarious 😂

[helpfull] 13/3/2023 16:16

Cor blimey, guv!

I get about 25.6p per share at £1 = $1.2

Be careful.

[bad gateway] 13/3/2023 16:10

If you say so bilbo.
I have US$2.45 million and (ii) the interest payment of US$0.392 million totalling US$2.842 million.
Divided that by the 9,257,328 new ordinary shares and came up with the 30.7c's.

What do you have for your "current .33 = .2727" statement?

[pro_s2009] 13/3/2023 16:09

As I understand it, the Bond Holder can only short in the 2 months before the payment month ?

So that means if correct, they can start shorting in April again for April and May.......ahead of getting a load more shares in the June repayment.

[padamster] 13/3/2023 16:09

Pro - hardly death nor spiral. Plus they may not sell if they believe the stock will rise. Onwards and upwards 😊

[pro_s2009] 13/3/2023 16:00

Getting dilutive now...........


13 March 2023

Pantheon Resources plc

Quarterly Repayment of Unsecured Convertible Bonds

Pantheon Resources plc ("Pantheon" or "the Company"), the AIM-quoted oil and gas company with a 100% working interest in all of its oil projects adjacent and near to transportation and pipeline infrastructure on the Alaska North Slope, announces that it has elected to pay (i) the quarterly principal repayment of US$2.45 million and (ii) the interest payment of US$0.392 million (collectively, the "Quarterly Repayment") in respect of its senior unsecured convertible bonds due 2026 (the "Convertible Bonds") , through the issuance of new shares. Pursuant to the terms of the Convertible Bond agreement a total of 9,257,328 new ordinary shares (the "New Ordinary Shares") will be issued in settlement of this Quarterly Repayment. Application is being made to AIM for the admission to trading of the 9,257,328 New Ordinary Shares which is expected on 20(th) March 2023 ("Admission").

After settlement of the Quarterly Repayment, the principal remaining under the Convertible Bond will be reduced by US$2.45 million to US$36.75 million.

The Company's enlarged issued share capital admitted to trading on AIM immediately following Admission will consist of 787,855,052 ordinary shares. The aforementioned figure of 787,855,052 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Pantheon under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.