Pantheon Resources Share Discussion Threads

[ohdearohdearohdear] 20/5/2023 11:01

"You, ohdear, are utterly foolish to cling to the idea that this is going to fail and the price fall to 10p. That's mad, and flies in the face of the evidence."

What evidence is that forwood? Your >95% probability of commercial success? Oh dear.

10p. Nailed on.

Oh and please keep your posts a little shorter and punchier in future forwood. Some of us are very busy.

[madd_rip] 20/5/2023 04:48

£5 and bag of haribos

[pro_s2009] 20/5/2023 00:45

michaelsadvfn, the directors sold multiple millions of pounds of shares at 125p before Alkaid 2 flow test...

How many did they just buy?

[michaelsadvfn] 19/5/2023 17:01

As all of the directors have bought shares i’m sure you’re right and they will opt for the highly dilutive route.

It makes perfect sense doesn’t it? 🤔

[pro_s2009] 19/5/2023 16:30

michaelsadvfn......truth hurts, I know. They need to be reminded given their utter disgusting behavious over the past many months.

What they are "going for" and what they end up accepting - are likely two very very different things. They are short of cash and they will be under pressure to accept whatever they can get, imo. You seem to think there is a massive waiting list of companies looking to buy in.......perhaps there is not ??!!

[madd_rip] 19/5/2023 16:17

Is that the story you got sucked into when you were singing from the rafters how amazing the company were?Or were you lying AGAIN like you always have done.

[madd_rip] 19/5/2023 15:38

Get a grip you pompous narcissist.

[pro_s2009] 19/5/2023 15:34

forwood, like many others, is now too emotionally involved in PANR to see reason.

These people are so sucked into the story, spent so much time and effort (and lost so much money) defending the company they are now completely "sucked in" and will not see the downside risks anymore, only the riches that they think they will get.

This is the epitome of why small investors lose money on AIM stocks.


Rather than admit they were wrong early, take a small loss and live to fight another day - they defend their positon to the hilt, buy more spending all their money on the way down, become aggressive against anyone who does not beleive in the hype and become completely blind to the obvious risks. For them there is no real risk, everything smells of roses and the bears are simply blind and shorters.


Every single one of them has been completely wrong about PANR all the way down to the 17p placing - and yet still they think "fortune" is just around the corner.

If this gets to 26p it will have done well, and I take 50% profit.........thats the upside at maximum in the short/medium term imo. But I will happily sell at anything over 20p and take a smaller profit if needs be.

There will be a ramp into Webinar, then SMD results.....then farm out talks. Any farm out will, imo, massively disappoint the bulls and be highly dilutive of the PANR share.

Thats the 3 spikes possible in 2023 imo.

[mike290] 19/5/2023 15:05

Hi All (except Pro),
I'd like to get Pro's rubbish off the top of various threads by recommending more useful posts.
To do this, I'd like to buy some "Plus1" coins
A quick search on Google reveals the following:


1 PLUS1 = 0.001252 GBP
1 GBP = 798.59 PLUS1

So, it's costing Pro approximately 10p to get each of his posts to the top of this thread.

Does anyone know a safe way to buy Plus1 coins using GB Pounds?

With Thanks in Advance.

Mike

[ohdearohdearohdear] 19/5/2023 15:05

"my take on high probability is the mid to upper 90s."

Blimey. Absolutely staggering. Anybody who thinks that the probability of finding commercial oil >95% has an exactly 100% probability of being clinically insane.

[forwood] 19/5/2023 13:54

ohdear asked me to put a number on 'the high probability' we will find commercial flow in Pantheon's leases.

This is a pure guess, until the sweetest spot is found and we are able to sink the many wells required such that 100% are providing positive flow, my take on high probability is the mid to upper 90s.

I've posted the Prudhoe Bay story before, how it was drilled without result by majors for 4 years until almost the last gasp, when they struck a huge positively flowing well. Here it is again, from a report of the early drilling at

"Starting in 1963, BP and Sinclair Oil Corp. teamed up and drilled six wells on federal land near the Brooks Range. All six were dry. After that, a series of other companies came up short, too. Eventually that included Jamison's company, ARCO.

The oil companies that had taken a risk on Alaska's North Slope started hemorrhaging money.

"It was extremely discouraging," Jamison said. "The whole industry was really down on the North Slope by that time."

After well after well came up dry, Marshall's Prudhoe Bay selection started to seem like a mistake. By 1967, Jamison said most oil companies had given up.

But then, ARCO and Humble Oil teamed up and moved the only drill rig left on the North Slope to Prudhoe Bay. It was the oil industry's last shot...."

The rest is history. Jay referred to it in his 20 March presentation as the reason he joined Atlantic Richfield (Arco).

The difference here to the early years of North slope drills is that we have already found oil. What we have yet to do is demonstrate unequivocally positive commercial flow. The company would likely dispute that. Their point for the many interested parties who think in terms of 2000 barrel a day wells is that Alkaid 2 flowed the necessary 500+ recoverable, sellable products albeit in a well compromised by a huge amount of gas. With the right equipment, even a high gas well can be made to generate positive cash flow. Sink 4 horizontals off a vertival each producing 500 boe and you have your 2000 barrels a day. Gear up to the 40+ being talked about for the various reservoirs here and you have a very large shedload of cash.