Pantheon Resources Share Discussion Threads

[thebull8] 05/5/2023 18:29

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

[forwood] 05/5/2023 15:17

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

[references] 05/5/2023 11:45

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

[forwood] 05/5/2023 10:31

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 10:17

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 09:47

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 08:11

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 08:07

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 08:00

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 07:52

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 07:41

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 07:28

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

[johnswan193] 05/5/2023 07:23

DK I expect you may be a newcomer to these boards or you’ve just been using the guild as your bible. I never pushed a bear case on this but all the time I’ve been here I clearly flagged the risks that were alarmingly understated by most on here. I was a shareholder but I took a conservative view, and people didn’t like that. I never told anybody else that they should sell, but I did state the point at which I became too uncomfortable with how things were going (one bad luck story too many and the management team selling) and sold. In hindsight that proved to be a good time to sell but it also could easily have turned out to be the wrong time. Nobody KNEW what was going to happen. I thought Alkaid would be a success, but I wasn’t prepared to risk my capital to find out as I knew if it wasn’t the share price would be severely punished, despite this making up a small proportion of the acreage. The people you should be most frustrated with are those who labelled people like me as “shorters̶1; or trolls, because they weren’t on board with the majority view. But most of all you should be frustrated with yourself for being so gullible in following them blind.

[pro_s2009] 05/5/2023 07:18

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.

[sandcrab2] 05/5/2023 07:15

Indeed. JV critical, because as has been pointed out, an adequate fundraising at the present share price would be impossible, unless one was just going for the SMD drill
To be fair to Scot and others arguing the bull case, even the highly experienced oil men on other sites, called this wrong, if not anticipating a gas cap can be called wrong

[pro_s2009] 05/5/2023 06:59

If you want to come down to a very simplistic opinion, I have this :

PANR picked up dirt cheap an area of land known to have loads of oil in place, but what everyone thought to be non-commercial, or at least, there is not enough profit in it to make it commercially attractive profit wise, to produce. No point spending 5 billion dollars to end up with just 1 million dollars profit at the end of it as an example

PANR's great idea is to find some sweet spots, where unconvential completion techniques might yeild something that might be attractive to someone to produce oil. Commercially viable is not the same as Commercially attractive.

Like I said, nobody is going to invest in any project where the ROCI is low.

And so, the chance of failure is high, the need for dilution is high, and the chance of PANR Alaska ending up like PANR Texas is possible.

Thats my opinion, which I am entitled to have.


The industry view of PANR Alaska will be when we see the results of the Farm Out - or lack of a farm out.

The Farm Out valuation will be the key - and a lack of farm out - or PANR shy away from attempting a farm out as they dont think their results are attractive - will show the current situation and valuation clearly.......again, my opinion.

The end of H1 is fast approching - so we shall see soon whats going on........farm out, scared to attempt farm out, no farm out offers, the old "value too low" excuse...or whatever........it should be known soon.

Just got to wait for the next update.

[donkikong] 05/5/2023 06:41

yes, I did. As far as I could see, all arguments against Panr were unsubstantiated. They all acted as if they knew something which they didn't. There were broadly 2 bear cases: Panr is a fraud to some degree and there is no case for the geology. Both are unsubstantiated which left me optimistic. But the more simple argument that petroleum geology just is not understood to a level that outcomes can be predicted with reasonable certainty (and here the reference are experts in other fields from daily life, say a dentist), was not clear to me. To me it seemed: a lot gets drilled and a lot fails, "but look how convinced the people are that know all of this". You really don't need a concrete bear case for panr if the market cap is around a billion (historically high) with just expert opinions projecting success. I thought expertise weighed more than it does.