Pantheon Resources Share Discussion Threads

[ohdearohdearohdear] 15/3/2023 16:23

"swendab115 Mar '23 - 16:17 - 3799 of 3800
0 0 0
Wrong I’m in at 9p so even at 10 p I’m in the money 😂😂😂😂8514;😂ԅ14;😂"

Yes, but even with more shares, you are less "in the money" than at 80p......unless you managed all of your top ups on the recent lows...........which you didn't. So you would have been better off not "topping up". Do you agree? Like candy from a baby indeed.

[helpfull] 15/3/2023 16:16

Cor blimey, guv!

"….. oh that’s the guild they can’t post in by the way"

Can anyone afford to join the guild these days?

I can do a coin, but can I afford to listen to the experts and lose thousands of pounds a day?

And I hear you now need a "tranche" and a "reserve fund". What's a tranche?

Good to see swendab1 posting again. When this fell from 57p to 24p last week I thought we'd lost him. We should all be concerned. That's what care in the community is all about. I bet his mam is glad to get him out from under her feet.

10p is the target.

Be careful.

[ohdearohdearohdear] 15/3/2023 16:15

"swendab115 Mar '23 - 16:04 - 3794 of 3796
0 0 0
Yep I’m panicking too . I now own 100% more shares than I did at 80p !!!
With a pot load of cash ready to buy ever more as it drops .

Candy from baby comes to mind .Thanks shorts ."

Indeed candy from a baby. Because despite you owning more than you did at 80p.......... your losses are also even more than they were at 80p, considering the new lows. None so blind................

[pro_s2009] 15/3/2023 16:13

One wonders if that blockage was sand............ ....... sand sand sand....block block block..........

Mmmmmmmmmmmmmm

[pro_s2009] 15/3/2023 16:11

Is that the same SMD which blocked up and stopped flowing at Talitha ? I seem to remember SMD having issues at Talitha.


.......... Talitha - Testing Update

The Company has suspended testing of the Shelf Margin Deltaic ("SMD") horizon. Operational focus will now move to the Theta West well site where the Company will commence testing operations of the 950 foot ("ft") Basin Floor Fan ("BFF") horizon.

The SMD is the shallowest and thus the final zone to test in the Talitha #A well bore. The well was perforated in the SMD from 6,965 ft to 6,975 ft and was successfully fracture stimulated. Immediately after the fracture stimulation, the test was suspended by a blizzard on the North Slope which shut down all operations for health and safety reasons. Flow testing operations resumed three days later.

Once flow testing commenced and before the well stopped flowing after a short period of time, only 45% of the fracture fluid was produced, with no formation water and small amounts of light high quality 34 degree API oil. Other than the small amounts of oil, no reservoir fluids were produced. The consensus among the Company and external consultants is that there is a blockage preventing any additional reservoir fluid from entering the well bore. Based on all the data, which includes a full suite of logs, sidewall cores, extensive Volatiles Analysis Service ("VAS") work undertaken by AHS/Baker Hughes over the past 12 months, and the testing of the lower zones this year, the Company's expectation for the SMD is that it should produce better than the two lower zones already tested; the Basin Floor Fan ("BFF") and Slope Fan System ("SFS") horizons, where the Company achieved excellent results. .......

[forwood] 15/3/2023 15:57

I think you're going to be somewhat disappointed with this fund raise. We'll have a better view come the webinar, but as i undersand it they're thinking of a small vertical frac on the current well to test the SMD, which could be done for less than $5m. Of course they may raise a bit more but then may offer it to the institutional short on agreement they close. That'd leave you high and dry 'cept for the relativeley small number of bondholder shares that might come on to the market, but then again might not. Holding onto those for a month or two might be a quick way to increase their value. Could even double in price!

[maxxy1] 15/3/2023 15:33

Did your mama tell about placing next week? She might be lying

[deanmatlazin] 15/3/2023 15:28

Buy at the placing price in the next few weeks and let the directors pump it for you. At least you will get 100% profit prior to next drilling result.

[forwood] 15/3/2023 15:24

The company believes the current drill has proved the concept, as did the previous one, so I don't tink there's uanimous agreement on drill failures. Certainly the market was unimpressed, and has knocked it down 77% from 87p to 24p, which seems a tad harsh for a company with 1.7 to 2 billion barrels of oil recoverable. But then I don't suppose you'd agree with me on that.

[deanmatlazin] 15/3/2023 15:24

they will raise money. but will 2 drilling failures, it will be deeply discounted from current price.

15p

[mlf51] 15/3/2023 15:23

I've just panicked again and got another top up, thanks guys.

[pro_s2009] 15/3/2023 15:19

WTI down to 67$.........and falling.

Making many a "marginal" project become absolutely not-viable.

Worst enviroment there could be if you are looking at fund raising..............

Now what company is looking at raising money for a marginal at best, perhaps even not viable project ?

[mlf51] 15/3/2023 15:19

How do you know