Pantheon Resources Share Discussion Threads

[arcadian] 16/2/2023 12:28

What does this mean for the flow test?

As I stated previously, we are less than 40% through the recovery of the frack fluid (well cleanup)

[padamster] 16/2/2023 12:10

Unhelpful for the record - can you confirm you are short on the stock?

Be very careful

[helpfull] 16/2/2023 11:57

Cor blimey,guv!

Not quite happening is it?

The share price is pressing downwards on the 4 week moving average.

53-54p break could be the straw that breaks the camels back. And that on the news that the blockage has been cleared. The bearish ascending flag is still intact. Whether the share price moves decisively up or down is still in doubt. Downwards is favoured and 10p is still the target.


free stock charts from uk.advfn.com


Be careful.

[westmoreland lad] 16/2/2023 11:36

From Vox Markets

Pantheon Resources (PANR), the AIM-quoted oil and gas company, provided an update on the cleanout of the sand blockage in the Alkaid #2 well which is now complete. The company said it was excited to resume flow testing, with a clean wellbore which will flow directly into its permanent facility, which was designed, procured, built and commissioned in a single season.

Comment: This may not be the announcement that scares off the recent bear attack in the stock. However, proving the doubters wrong is something which the company may be able to do, with a decent “business as usual” attitude.

[neo26] 16/2/2023 10:44

Wait till the yanks wake up

[helpfull] 16/2/2023 09:46

Cor blimey, guv!

"They don't seem to realise that the lower this goes, the more attractive it becomes to the majors"

Why all the animosity towards supposed shorters in that case? A weak pump if ever there is one.

The truth is that Pantheon is way over valued.

The truth is that Alkaid 2 has disappointed.

The truth is that directors sold shares at 123p (cue pedants).

The truth is that the share price is on a downward trajectory. It is a broken model. Shareholders have seen the best of the rise and are in danger of losing any gain.

Nothing is moving this share upwards. There are funding worries. 10p is the target.

Be careful.

[forwood] 16/2/2023 09:41

We now have a clear run up to the low 70s.

[forwood] 16/2/2023 09:37

Short term target now is back to the low 70s

[forwood] 16/2/2023 09:30

They don't seem to realise that the lower this goes, the more attractive it becomes to the majors. Even now it's at about a quarter of broker estimates of its early stage development value. From here, they risk a 300 - 400% loss, and as Pantheon continues to prove up the acreage, that sum goes ever higher. Over £10 a share on unrisked value, and that's before including estimates for the Kuparuk, Talitha, the Slope Fan System and newly acquired acreage.

[forwood] 16/2/2023 09:08

They clearly haven't taken any notice of the recent WHI comment on Muddy Waters actions:

'We believe that as a rule shorting early-stage exploration and appraisal stocks is a fools’ endeavour and not something that is often done by investors with experience in the sector. Admittedly, most US oil & gas investors have really had limited recent exposure to old-fashioned oil & gas companies as they have been preoccupied with the shale oil boom. It will be interesting to see how this evolves. We would definitely sleep better at night being long Pantheon and accepting the inherent uncertainty of early stage appraisal projects than having a short position on the name. Pantheon Resources undeniably has some of the best early stage appraisal assets to emerge out of North America in recent decades. Should Pantheon’s results continue to be encouraging, as we expect, short sellers may need to hang onto their hats and get out their cheque books.'

Fools and their money are easily parted!

[neo26] 16/2/2023 09:07

HelpfulAint you Andrew Bells buddy? Stick to RRR.. :)

[padamster] 16/2/2023 09:02

Unhelpful wait for the inevitable sharp move upwards.

Be very careful now

[evilblues] 16/2/2023 08:48

Wow. Still seems to be being shorted to death! Fools.

[helpfull] 16/2/2023 08:47

Cor blimey, guv!

Take that back you nasty man!

Never too late to cut and run. 10p the target. These little upticks will be few and far between in the coming weeks. GLALTH though.

Be careful.

[forwood] 16/2/2023 08:38

Helpfull - what a plonker you are! Given the recent timescales for the first ctu clean out and taking out the packer and lining, to have delivered this so quickly is a major achievement! Well done PANR and hope some of you shorts lost a bundle. You deserve it!

[neo26] 16/2/2023 08:38

Michael, flowrate results after 30 days?

[michaelsadvfn] 16/2/2023 08:34

Share price madness. This was up in the 80’s before the sand blockage and gas cap issues were announced. We know 100% of the lateral is in the oil column and the frack caused the gas cap penetration. 57p?