Pantheon Resources Share Discussion Threads

[ohdearohdearohdear] 18/5/2023 15:35

That's no way to talk about forwood, Madd-RIP.

[probabilityofsuccess] 18/5/2023 15:02

Jak, ref your “Thank you for your incisive comments over the last few months but this is one "short" who has considered the "weight of evidence" and is moving on”.

Are you moving on from commenting or have you closed your short and don’t hold a position anymore? If the latter, I’m surprised as I thought you were holding out until PANR is no more? Have you lost conviction, and if so, why? It almost feels as if you no longer believe everything you wrote about PANR and you only wrote it to support your trading agenda. I’m shocked 😉.

[helpfull] 18/5/2023 13:58

Cor blimey, guv!

Traders will be getting fractious.

They want you to buy and move the share price up a few pence.

But the market is surfeit with shares. Everyone satisfied. The trouble is there are plenty of shares that need to turn a buck at 17p. Anything will do. Market makers are trying to keep the share price above 17p. To encourage peeps to buy and sell. Eventually they will tire and the share price will fall below the placing price and continue downwards.

There was a time in the lead up to placing when 17p was breached. And steps were hastily taken to fix it. Otherwise there would have been egg on faces all around. The support will weaken. There is no motivation to buy. There is no major news on the horizon. Only same old same old. The share price is simply between placings. The next might hurt.

Be careful.

[ohdearohdearohdear] 18/5/2023 13:55

Ah, there you are forwood. Not sure anybody can take your charting ability seriously considering you've been calling a reversal since 120p. Anyway - you've forgotten to answer my question:

"forwood17 May '23 - 12:47 - 4532 of 4547
0 5 0

The balance of probability is very high that Pantheon's finds will be just as commercial as Prudhoe Bay. "


Go on then Forwood. Define "very high probability". 95%? 90%? 60%? 30%?"

[donkikong] 18/5/2023 13:50

what are these reports? last year people had similarly high expectations for the SLB report which got sold.
do these reports contain anything more (or newer) than a descriptive summary of the current geological data up until now (like the SLB report)?
meaning that they won't contain significantly more than the webinars etc. convey already and especially won't add any evaluative layer in the form of "this means in our opinion this will work with high probability", or will they?

In other words maybe: will the report offer more than, say, "Panr's expectations are indeed following industry best practices" or will they add another layer of validity beyond that?

[rabito79] 18/5/2023 13:46

Forwood, they are testing SMD in the vertical section, no horizontal required.

[forwood] 18/5/2023 13:34

ohdear is banging on about 10p in the hope that shareholders might accept it as a legitimate target figure.

It isn't.

There is nothing in the chart suggesting 10p as a baseline low support. It's only ever been there once, a one day wonder on the problems in Texas from which it bounced up, then down to 7.15p - the all time low from which it rose to the high 150p.

It would be as if Alaska, and the 22.5bn OIP had never beem found, as if the successful drills in Talitha, Theta West and Alkaid had never happened, and we hadn't secured the the highly prospective extra leases to the north of Theta West.

10p is just not real, a complete fantasy from the shorts who think because they called it right down to where we are now, ably abetted by consistent lies, negativity and misinformation about the reality of what we have here, that somehow the suckers will accept another 60% fall from here.

It also ignores the £17.5m funds just raised, which will pay for the workflow over the next few months, which includes the SMD test - a very cheap project given we've already drilled the hole, a short horizontal from the vertical into what has always been held a better and larger reservoir than the lower level Alkaid project that hit a gas cap but has actually proven commerciality, despite the disappointment from the gas. The bears will try and tell you different of course - they would, as that is their modus operandi. But is its another piece of the jigsaw that is going to make those of who are invested for gains, very rich from here.

It will also pay for the Netherland Sewell report to provide the IER into the finds to date and for SLB - the leading oil service company in the world, whose credibility cannot be questioned on pain of losing their market position. SLB wil be hosting the data room and completing their own evaluation of the recoverable oil.

I could go on but holders know this is all on the cards. Sure, if they mess up the SMD, then they're in trouble again but, post Alkaid, they have secured the services of an expert in horizontal wells, thus reducing further the likelihood accepted by all oil search companies to experience drilling problems.

So the shorts will ignore the weight of evidence and hold on to their thin hopes for another ambiguous result, while the rest of us will look forward to the news flow that will take us onward and upward.

[helpfull] 18/5/2023 12:27

Cor blimey, guv!

"there will be a concerted pump around the SMD test and webinar and IER's."

The company has stated what it expects to learn with the SMD test. There is no production going to take place. It is simply a test. It has to live up to high expectations.

It is more likely that prudence steps in before the test and shareholders take a cautious view and derisk. Any semblance of problems or unexpected results and the share price will head south rapidly. Your strategy Pro-S2009 is naive and has cost other people money in the past.

Be careful.

[john henry] 18/5/2023 12:26

Imho Farm out is where Panr are heading. Any drilling program will be agreed after the farm out is concluded.Unlikely this winter, more likely Alkaid 3

[john henry] 18/5/2023 12:23

Pro I didn't think you've quite understood PANR plans a winter program I'd highly unlikely.

[pro_s2009] 18/5/2023 12:11

bad gateway, there will be a concerted pump around the SMD test and webinar and IER's.

They need to raise more money for the winter program and so they need the share price higher.......which is why my target is 26p for a 50% gain.

[ohdearohdearohdear] 18/5/2023 12:09

"waterpolo18 May '23 - 11:14 - 33449 of 33451
0 3 0

Ohhh I'd love 5p"


Yes 5p is certainly a possibility waterpolo. Not sure I would "load up" at that point though. I will need to determine the reason for the fall to 5p (from 10p). Good luck with your strategy though!

[madd_rip] 18/5/2023 11:34

It's his sycophantic chums and fisting buddies.

[waterpolo] 18/5/2023 11:14

Total clown

[waterpolo] 18/5/2023 11:14

Ohhh I'd love 5pTotally load upInto Theta West end of year...Say that flows...50p or 100p?