Pantheon Resources Share Discussion Threads

[pro_s2009] 06/5/2023 10:12

Whats the water cut at Alkaid-2 ?

Is the data still being "hidden" from investors as they might "take it the wrong way" ????

Wbat was the wording used ? Not being released as investors might "misunderstand" it.......... ??????? Remind me of what they said please..........

Mmmmmmmmmmmmmm

[thebull8] 05/5/2023 19:29

Hey how are all my long friends doing in here. Drowning much?

[forwood] 05/5/2023 16:17

I expect so but offhand, don't know for sure. There are a lot of wells there now.

[references] 05/5/2023 12:45

Hi Forwood. On Prudoe Bay, are those oil fields fracked to produce oil, or does it flow freely? Thank you.

[forwood] 05/5/2023 11:31

Amused by recent posts here.

Pro - 33103, 'Thats my opinion, which I am entitled to have.' Trouble is Pro, your opinion is changeable. This was better than sliced bread when you were long, so your opinion is worth diddly squat. I expect it will change again and will be worth no more than it does now.

Swanny, your musings on the guild appear uninformed by the reality, which is much more mundane - to provide a safe haven from the trolls. As a means to promote Panr, it fails almost completely, as the only people who can see it are those who are already on board. It's more a means of support. Day to day, it is a relatively boring place to hang out, occasionally enlivened by a good post.

donkikong, you live and learn. Exploration is never a certainty and if that's what you want an interest bearing account or stock market stalwart with a reliable divi is probably best. Bear in mind that just 20 miles north of Panr's leases is Prudhoe Bay, which I'm sure you know is the largest, most successful oil field in North America. I've told the story before, but for the first few years of its exploration it was considered a duffer. Well after well came up dry, until one didn't, and the rest is history. At least here, we have actually found oil and a lot of it. We 'just' need someone with deep pockets to come and help us exploit it.

The fact that the world's leading oil services company is assisting the company, has produced an initial report confirming the recoverable oil and has volunteered to lead the data room presentations should provide you with some reassurance for the likely future here. Then there are Baker Hughes, eSeis and many others with impeccable reputations who have expressed confidence in what has been found. On balance I'd say the probability of eventual success is as high as it gets for an exploration company.

[michaelsadvfn] 05/5/2023 11:17

Pro_S2009 5 May '23 - 08:18 - 33105 of 33112 0 1 0

sandcrab2, I dont think anyone has categorically stated it is a gas cap.

From what I have seen everyone is hiding behind "we think its a gas cap".....but nobody has said, so far as I have seen, that it is 100% a gas cap.

Both SLB and PANR used their intelligence, unlike yourself, to conclude that as the whole of the lateral was ‘in the oil column’ the frac had to have penetrated a gas cap higher up.
It’s not rocket science is it? Anyone with half a brain can see what they’re getting at as it’s perfectly logical that if the whole of the lateral is in the oil column the gas must be coming from somewhere else and as gas always sits on top of oil.....
They could never categorically state that it is a gas cap but there’s no other explanation is there?
Do try a bit harder instead of sowing seeds of doubt to suit your negative agenda.

[helpfull] 05/5/2023 10:47

Cor blimey, guv!

By popular demand.

Straight out of Ulan Bator, China.

Volume has decreased ominously. The 10 week moving average is approaching 25p. Yet to join the 4 week moving average inside the flag. It is a slow and ponderous faltering giving plenty of notice:


free stock charts from uk.advfn.com


Make your own mind up. May/June for the next step down.

10p is the target.

Be careful.

[sandcrab2] 05/5/2023 09:11

To be fair, with a major, most of the "problems ' would have been swept aside and dealt with as just part of the journey
It is because Panr is the usual cash strapped Aim company, dependent on nervy retail, that these problems assume such importance
Brokers say that if you want to invest in oil and gas, you need to see at least $50m CLEAR cash on the balance sheet with this sort of company

[donkikong] 05/5/2023 09:07

Johnswan, you are mistaking my point. I don't follow the guild and don't care what other amateurs promote (granted, many are amateurs and present themselves as more). To repeat, I underestimated the risk, because it was not adequately expressed. I am not going to give quotes. Had I known how fallible expert knowledge is, I would have never invested based on it. Ultimately this is of course also my mistake, but what can be known and what cannot, the specific "risk", was not adequately represented in the panr bull case (including btw also that it is typical to waste various drilling seasons on operational difficulties).

[kaos3] 05/5/2023 09:00

if i would be a share price pusher - i would employ a newbie character asking targeted naive questions .... but would be careful not to over do the character too fast

[johnswan193] 05/5/2023 08:52

DK of course you are gullible. There is no reward without risk. Pros message above is spot on. As for the “experts”;, they may be right, it’s very possible these fields do become commercial. But proving this is expensive and takes time. So as an investor: 1) the company makes positive progress, share price goes up and it gets sold or there is more equity/financing to continue development 2) operations fail and the share price is hammered and you experience dilution to have another try, 3) eventually it reaches the point where not enough capital can be raised to continue operations and the company folds. These are the risks.

As for the guild, the whole purpose of it is to promote the company. If somebody puts forward a negative view or highlights risks, they get expelled. Those behind the guild wanted it to be the place new investors come to so that they only hear the positive views. They plan how to promote the company across various social platforms. They tell the newcomers that those not in the guild are trolls. And people like you lap it up. This is not a group of bad people, most of them are other gullibles like you - their intention is not for anybody to lose money, but to encourage more support for the company to the benefit of all shareholders. The downside of this is that it results in people like you failing to understand the risks and ending up with overweighted exposure.

Finally, the oil experts may be able to tell you a lot about what is theoretically possible based on geology etc. but in my experience not a lot of them are experts in investing and how markets operate.

[donkikong] 05/5/2023 08:41

johnswan193, I am not gullible and don't do anything blindly. I read up every topic that came with it and there were many and checked every doubt. As I said, there were answers to most concrete allegations. I thought I understood what I was investing in. My mistake was missing that the valuation was too stretched and the expertise too brittle in exploration generally. I did not see that there simply are no experts in this field. There was enough data to make a bull case which no bear was able to overcome even when they tried (Alex Stahel e.g. always said "do you subsurface work" and people have). The mistake just lies in overweighting what that means; at high valuations it doesn't mean anything. This is not intuitive, because expertise in many fields is somewhat reliable. And I agree, in addition, these forums here really are echo chambers and doubts are punished.

[padamster] 05/5/2023 08:28

Good morning Bears 🐻. Actually there is only one - Pro who has many alias names