Pantheon Resources Share Discussion Threads

[candlestick1] 16/5/2023 16:00

Placing. 17p

[markliddiard] 16/5/2023 15:37

Two nice trades just gone through! :-)

[michaelsadvfn] 16/5/2023 14:02

Pro_S2009 16 May '23 - 14:09 - 33328 of 33337 0 1 0

The resource that sold that the bulls talk about......had around 16 wells in it......appraised, proven and then sold for a few bucks a barrel.

PANR would need to drill a load more (say 10) wells into Alkaid and flow test and prove the appraisal process before they can start thinking about 3$ a barrel selling price imo....

Good you end with ‘imo’..... imo.

You know very well that the low-ball offer of $3.10/bbl was due to the resource being ‘stranded̵7;. To extract that oil requires billions of $$$ and years of constructing the infrastructure to transport it. That’s why it was bought for ‘only a few bucks’ per bbl.
So what if it had been adjacent and under the TAPS pipeline?

Go on Pro, tell us $3.15.

[padamster] 16/5/2023 13:57

Sandcrab (AKA Pro) patience. Your questions will be answered soon 😊

[sandcrab2] 16/5/2023 13:51

If they intended raising £10m for the SMD, it is a pity they didn't raise at 34p rather than 17p
Is a farm out at Alkaid even realistic in view of the problems?

[padamster] 16/5/2023 13:46

Pro why were you promoting this up to £1.75 if now you claim not to believe the story. BE AWARE OF PRO - HE HAS A 100% FAILURE RATE. YOU HAVE BEEN WARNED

[pro_s2009] 16/5/2023 13:40

East Texas had what....... 6 wells in it..........how did that go ?

Or should we not mention Texas......... LOL :)

You think anyone believes 100% whats being said and rumoured and theorised at the moment without taking it with a very large pinch of salt ? IMO......big pinches of salt needed.

[john henry] 16/5/2023 13:28

Half a program won't achieve that

[john henry] 16/5/2023 13:26

Forwood there is a small winter drilling window. Imho Panr bod wish to sell up sometime next year. I believe their program if successful will allow that.

[john henry] 16/5/2023 13:24

I don't hold at present. However quoting panr will need to drill 10 or more appraisal wells before selling sounds like noise coming from someone who hasn't a Scooby I repeat f ucking doughnut

[forwood] 16/5/2023 13:23

john henry - I'm aware of the plans, but most sharehodlers want them to go with a smaller raise at this time.

[padamster] 16/5/2023 13:23

Pro - remember when you were saying this was going to £1.75 and buy buy. I guess you also lost a shed load on the way down as usual

[pro_s2009] 16/5/2023 13:19

The doughnuts are the ones currently holding big loss making long positons........do you not think so.......

LOL :)

[john henry] 16/5/2023 13:16

10 wells lol f ucking doughnut.

[pro_s2009] 16/5/2023 13:09

The resource that sold that the bulls talk about......had around 16 wells in it......appraised, proven and then sold for a few bucks a barrel.

PANR would need to drill a load more (say 10) wells into Alkaid and flow test and prove the appraisal process before they can start thinking about 3$ a barrel selling price imo.

The farm in price, or lack of, will reveal real oil industry thoughts on PANR license areas.

[john henry] 16/5/2023 13:09

Forwood if you look at their plans imho around £50M is needed

[padamster] 16/5/2023 10:29

Cezuan - I may challenge/criticise and have a sense of humour but I don’t lie

[kaos3] 16/5/2023 09:54

good ... as it is very hard to get cash from the markets

i am in a few miners wth all the permits and proven reserves and high irr etc... and are in the process of getting financed for months... years ... financing just around the corner... also in US...

[forwood] 16/5/2023 09:49

They have had no difficulty raising cash from existing shareholders in the past, and I don't expect them to have any difficulty now, assuming we are going for a relatively small amount c £10m.

[hpcg] 16/5/2023 09:35

Padamaster - succeeding in sounding ignorant by being completely unaware of financial conditions in the world's largest economy. To be fair it very much is a second order problem compared to oil dribbling out the ground at a rate that a man with a bucket could keep up with, but nevertheless it will be an unpleasant surprise when the raise is done at a level that will make holders considerably less wealthy overnight.

[padamster] 16/5/2023 09:30

Hpcg also trying to sound intellectual by googling 😂