Pantheon Resources Share Discussion Threads

[mike290] 05/4/2024 15:24

Newcomers to this thread,

Rabito79's most recent post (No. 15188) reminds us of just one of the many reasons why Helpfull is considered to be the laughing stock of this thread.

[helpfull] 05/4/2024 15:10

Cor blimey, guv!

I did think the placing would be earlier, to raise cash for the day to day running of the company. Perhaps $20 million.

To be followed by the required $120 million.

The management have held off raising cash in the hope of something materialising.

It hasn't happened.

And shareholders might soon pay the price.

Did you think you would wake up one morning and find financing sorted by now?

Be careful.

[rabito79] 05/4/2024 14:57

December placing was usurped by January placing. January placing was usurped by February placing. February placing was usurped by March placing..... Keep helping

[helpfull] 05/4/2024 12:10

Cor blimey, guv!

Don't know what the share price is telling me.

But, the recent "Progress on Funding and Development Planning" RNS is shouting loud and clear to me that funding hasn't been as easy as originally thought.

Vendor finance has been relegated to second place.

It was supposed to be the viable option.

It has been usurped by offtaker finance. The offtake is gas. Not oil

Post 2030, if at all.

Suggests there is little interest in vendor or offtake finance.

Allow the share price to tick upwards. There are enough mugs about.

$120 million, or maybe now $180 million.

That's about a half of the current market capitalisation.

A 50% dilution, with no guarantee.

Be careful.

[michaelsadvfn] 05/4/2024 12:06

And It's pretty clear that the CB holder's shares have been absorbed by the current demand for the shares. A rising share price attracts attention so we might be in for a re-rate given that the price was absolutely trashed for no good reason thanks to the rubbish that did the rounds during the last few months.

[spangle93] 05/4/2024 11:57

"I expect people are buying mainly to ensure their ISAs are maxed before the financial year end"

Really? Surely, if you're going to put money into an ISA, you'd have done it before today, risking the transaction not going through, and if the money is already in an ISA, then there's no deadline to buy.

I think it's more an anticipation of what might be shared at/before the webinar next week. There's much still to be clarified, but mood music-wise, the company feels in a stronger position than 6 months ago.

[forwood] 05/4/2024 11:36

I expect people are buying mainly to ensure their ISAs are maxed before the financial year end, close today. I'm not expecting any news from PANR until the day of the webinar (10th). Happy to see the share price improve though!

[michaelsadvfn] 05/4/2024 11:00

helpless, the share price is telling you something.

Do you have any clue what that is?

Just wondering like.

[michaelsadvfn] 05/4/2024 10:05

If you say so Billy, if you say so.

[turkey3] 05/4/2024 10:04

Wouldn't want to be out over the weekend.

[seedoftongo] 05/4/2024 10:03

Heated michael leaps like a Thomson’s gazelle into attack mode 😂😂😂😂8514;
Bites every time yet he was the one who told other not to respond .
Hehehehe

Hot flustered Michael

😂😂😂😂8514;


Owl 🦉 was taken down .
Still gives me a warm fuzzy feeling remembering that moment

[mlf51] 05/4/2024 09:34

Oh dear sodoff as the only backup left for hapless from pro's army it's not going very well is it. Perhaps if you try some technical input to your posts instead of just name calling drivel olderwiser may be able to help in your quest for conversation.

[michaelsadvfn] 05/4/2024 09:17

Says Billy Nomates who spends his whole Easter weekend trolling on ADVFN.

What's the obsession with Olderwiser2 Billy? Have you not realised yet that he doesn't respond to trolls? There's slow, then there's Billy.

[seedoftongo] 05/4/2024 08:21

Still no Owl 🦉.
Owl 🦉 the predator was preyed upon .
Nature took its course

[mlf51] 05/4/2024 07:46

Cor blimey luvYou're at it early today must be a big push on, I'm waiting to pick up some more bring it on.Be honest

[helpfull] 05/4/2024 07:33

Cor blimey, guv!

What chance a gas pipeline?

"Members of the committee adopted only one new budget reduction Monday, a $598,000 cut to the budget of the Alaska Gasline Development Corp. that is equivalent to the top two salaries at the state-owned corporation.

AGDC is in charge of developing AKLNG, the proposed trans-Alaska natural gas pipeline, and president Frank Richards is the state’s highest-paid executive.

Rep. Sara Hannan, D-Juneau, proposed eliminating all funding for the agency, but Stapp, with the support of the finance committee, shrunk the proposed reduction to just one-tenth of Hannan’s original figure"

AGDC are struggling to get state funding in order to keep afloat.

Interesting that there was a publicity push just before this decision.

There are better and cheaper alternatives for gas in Alaska.



Be careful.

[forwood] 04/4/2024 16:36

Helpless, it doesn't really matter whether those wells are paid for from the £120m earmarked under the early drafts of the strategy or under a revised strategy. The source is likely to be the same - ie some form of vendor financing, offtake financing or reserve backed lending. The point so frequently stated by Mr Hobbs is the reluctance to load shareholders with more equity based financing. Now if, as seems quite unlikely, the two service companies currently in talks with the company are unwilling to advance funds to enable Pantheon to purchase their services, and no other source of non-equity funds is available, then we might be into raising equity funds. However, I think it more likely that they won't proceed with those plans as currenly outlined. All the statements about those 4 wells were: 'depending on available finance'.

We know you are making a big thing of fundraising, but in the last 4.75 years Pantheon has raised c $440m of equity finance relatively easily. Such calls have always been over-subscribed and generally haven't resulted in the share price cratering to anything but the discounted subscription price, ie c 15%. If you'd been invested long a few days ago, you'd have made more than that and as I keep pointing out to you, if you'd been long since the days of 10p, you'd be up 300%.

You are simply not going to get anything like the return from being short, compared to being long now. The oil gods (eg NSAI et al) have spoken and there's no going back from that, other than WW3 (and even that might not deliver what you want), or a general moratorium on all oil and gas developments (which seems highly unlikely in this stupid world we live in!).

[rabito79] 04/4/2024 16:28

Anything above 2000bpd in the first year is not factored into the economics presented. No double accounting.The funny thing is having spoke to a few shareholders none of them seem perturbed by the possible amounts of dilution. Even the very worst case still sees massive upside.I actually find it encouraging they are talking about winter drills, exciting times ahead.Keep helping.

[helpfull] 04/4/2024 15:53

Cor blimey, guv!

Any monies from the first three wells related to the $120 million are already alloted in order to pay for the next 7 wells.

You are double stamping.

And timewise that is not feasible.

$120 million and another $60 million is required.

A 50% increase.

And any outside financing appears reluctant to arrive.

Be careful.

[content5827] 04/4/2024 15:23

Rabito.Are you long?

[rabito79] 04/4/2024 14:30

Let's say Hobbs not getting close figure is 3000bpd opposed to current type curve which is 2000bpd.3000bbl/d x $75/bbl x 365 x 90% uptime = ~$74M

[rabito79] 04/4/2024 14:19

I meant any Eastern Ahpun well to be included in the first three development wells which will be tied into TAPS.What's was it David Hobbs said 4,000bbld IP30 'doesn't get close'. Twice now Sirmark's 30p target has been hit, meanwhile we still await your Dec 23 placing.You stick with with Brevarthan an ex-Fund manager with zero oil field experience and I will stick with SLB et al.Keep helping

[helpfull] 04/4/2024 13:55

Cor blimey, guv!

You are deliberately trying to mislead the naive.

The 3 Kodiak wells are confirmed as winter campaigns.

The Ahpun well is either a winter well or summer well and so unconfirmed.

It couldn't possibly produce enough to payback the $15 million cost and pay for the $45 million required for the 3 Kodiak wells in the time scale muted even if it was to come first.

Trying to take money out of the hands of innocents.

Be careful.

[rabito79] 04/4/2024 13:13

The additional revenue from an Ahpun East well (above that of the latest type curve) will probably cover those wells. We have been told the direction of travel for the type curves and resource numbers.As I say if your biggest bear argument is we might spend $60M appraising a ~2B recoverable resource then you need to go back to troll school.Keep helping