Pantheon Resources Share Discussion Threads

[helpfull] 01/3/2024 07:23

Cor blimey, guv!

"Less gas flow will mean more oil flow. Oh and if it's not blatantly obvious to
you, there's more liquids in the liquids than there is in the gas"

Any NGLs in the oil are called "oil" and are already accounted for.

Less gas means less NGLs.

Less gas flow means less oil flow.

Be careful.

[seedoftongo] 29/2/2024 19:43

Mlf just can’t help himself 😂😂😂😂8514;😂ԅ14;😂😂;😂

There is always the guild thread mlf.
Off you pop son

[helpfull] 29/2/2024 19:10

Cor blimey,guv!

Brevarthan is a breath of fresh air.

"We posit that the complex nature of the liquids/gas mix implies that what we
actually have in these reservoirs is a volatile oil/gas play rather than an oil
field, perhaps something that Pantheon would be reluctant to admit to given the
added complexities involved in development"

By their very name natural gas liquids(NGLs) are liquids isolated from gas.

Choking back gas production means less NGLs.

And Pantheon are relying heavily on NGLs to boost oil production figures.

I wonder if oil companies have been put off Pantheon by the description of "volatile oil/gas play"?

Be careful.

[mlf51] 29/2/2024 18:25

Hmm I may have spoken too soon

[seedoftongo] 29/2/2024 17:30

Don’t feed them mlf , do as you are you told by michaelsadvfn ( even though he doesn’t ).
If you engage then they are winning .
It’s what they want .
Which way is that chart going guys ??

[mlf51] 29/2/2024 16:32

Cor blimey luv there is no one more qualified to receive the "idiot" accolade than hapless.Be honest

[rabito79] 29/2/2024 15:37

I was wondering what kind of idiot would believe the Brevarthan note, thanks for confirming.Keep helping

[seedoftongo] 29/2/2024 15:17

Copy paste won’t bring him back

[seedoftongo] 29/2/2024 15:16

Owl 🦉 is no more .

Destroyed

[helpfull] 29/2/2024 13:57

Cor blimey, guv!

Not easy for a company with minimal cash and liquidity on hand.

1. This is the very early stage of a science project which will likely consume a large amount of capital, in a region with limited oil service availability, extreme temperatures, with high drilling and completion costs. Not easy for a company with minimal cash and liquidity on hand.

2. Results from tests so far have been of variable and generally poor quality, with vague and ambiguous disclosure

3. Oil rates have generally been low, with tight rock and reservoir pressure concerns

4. The reservoir rock appears heterolithic and heterogenous making it hard to forecast low risk scaling up of the play

5. The material gas production in a basin that doesn’t have gas offtake and frowns upon flaring adds additional serious complications to any development plan.

6. A long term production test or EWT that conclusively proves commerciality has yet to occur. In any case, as we have seen in West Texas, multiple EWTs are required to test commerciality and underpin EUR judgements"

Be careful.

[helpfull] 29/2/2024 13:53

Cor blimey, guv!

"Since David Hobbs took over, the company has been more frank about the sheer amount of capex required to fully develop these plays; $100s of millions before (if!) they become self-funding and tens of billions to drill it all out. In mid-December the company had less than $8m in the bank with just over $4m to come in for financing the convertible payment in March. Offsetting that we have likely had cash burn from G&A since then, year end remuneration, payments to Geomark for their well analysis, and presumably other payments from historic payables outstanding as well as to NSAI (for the expert report to come) and perhaps also to Schlumberger. Given we haven’t had any news of non-equity financing or potential farm outs, it would seem reasonable to believe an equity raise will be necessary in the near future. That may disappoint those hoping that the years of continued equity dilution may be coming to an end, and provide a headwind to the shares in the short term, notwithstanding our longer term concerns"

Be careful.

[seedoftongo] 29/2/2024 13:35

Owl 🦉 is no more .
He was slaughtered on here .
Exposed as a plagiarist.

The great Boochy scythed down 🦉 Owl with ease .

Do as I say not as I do Michael ??
Yeah yeah … another guy on ADVFN telling others what to do whilst he doesn’t follow his own advice …