Pantheon Resources Share Discussion Threads

[attyg] 13/4/2024 19:26

What is the final investment decision?
Final Investment Decision means the decision to be made by the Members, after review of the Feasibility Study and Permit Approval pursuant to Section 12.4 of the Agreement, as to whether to proceed with a Development Program and Budget and Project Construction Contracts to place the Properties into production.

FID for Ahpun is set for 2025 - according to the most recent AGM presentation.

However, if PANR signs agreements with the AGDC for gas and following receipt of the recently commissioned IERs from backed up with updated NSAI overall report - all possibly concluded and signed by 30 June 2024 - might Ahpun FID be brought forward?

Surely FID on Ahpun is an internal company decision, so if the IERs state Ahpun is commercial (the IERs are also to report on the economics of the fields as well are their size) and we have signed an agreement with AGDC for the gas enabling PANR to obtain reserve backed financing of up to $250m – what is there to stop the BoD declaring FID on Ahpun in June 2024?

Even if the oil didn’t flow, we know the gas will flow, so PANR should have no problem delivering the gas – and make money just on the gas.

Did anyone else think it curious that DH said - I hold my hands up - I could have been more explicit about the link between the discussions with AGDC and funding.
(Frankly I don't know how he could have provided such a steer without the AGDC being more open and forthcoming about their plans.)
He said it twice. Was he giving us a message?
DH confirmed that no other oil fields are in a position to deliver gas directly into the proposed gas pipeline – apart from Ahpun – at this moment. Not only is our gas substantially below the 3% max CO2 allowable for entry to the pipeline, but Ahpun is directly below where the gas pipeline will be located.
Thus a planned gas pipeline FID due in 2025 was not unreasonable as there were issues in the AGDC getting access to suitable gas. However, now that Ahpun not only has the right gas but does not require further infrastructure to link it to the pipeline, plus the expectation that the AGDC and PANR could conclude negotiations on the supply of gas by 30 June 2024 – might the AGDC bring forward their FID? After all, it will take a couple of years to build the pipeline and Alaska needs the gas – so the sooner they start….
AGDC has all the permits to build the pipeline – they just needed the gas! Once they have the gas supply resolved, they can then get the financial support – the business case is overwhelming, so a simple enough process to get the funding.

I understand Biden is supportive of the export LNG facilities and thus the internal delivery of gas to the south and central Alaska.
With the Presidential election only a few months away, it would be unsurprising if the go ahead on the development of the gas pipeline was not accelerated through before November allowing Biden to take credit for this infrastructure development while campaigning.

Maybe I am joining too many dots - but I have the strong impression that things are moving faster than is being publicised. Again, maybe my wishful thinking.

Supremely confident - was what I took away from the webinar.

Supremely confident they have some 3+ billion barrels of recoverable oil over the whole acreage.

Importantly for us, supremely confident they will have the financial resources to develop sufficient wells till the company is cash flow positive – quite possibly without the need for any further placing of shares.

[content5827] 12/4/2024 19:07

The reports on various news providers about Biden’s effort to block Arctic drilling seems to me to be potentially very welcome news for Panr.

[helpfull] 12/4/2024 17:28

Cor blimey, guv!

What part of 1.53% do you not understand?

Be careful.

[just one more try] 12/4/2024 17:05

If helpfuls figures are correct on the Mangrove short. They seem to total about 10.4% of the share capital

Mangrove needs to buy about 98 million shares where the price has been moving up - and if there is any positive news on funding, the last real barrier. The share price could jump back to the time before there were concerns and the share price was £1.30 - without Mangrove buying.

The purchase of 98 million shares on top - could be interesting..

JOMT

[michaelsadvfn] 12/4/2024 15:05

0.84%(+/- 8m shares) acquired between 1st & 9th September is well underwater.

0.32%(+/- 3m shares ) was closed for a good profit.

Their paper profits on the outstanding profitable % are being eroded week by week whilst their already underwater % is becoming a bit of a burden, non?

We await 2 imminent IERs which cannot be anything other than good news.

I would not want to be in their position.

[markliddiard] 12/4/2024 14:53

T.I.T. (Troll In Trouble!)GLA LTH'ers!!

[helpfull] 12/4/2024 14:13

Cor blimey, guv!

Fund % Short. Date Changed. Share price

The Mangrove Partners Master Fund, Ltd. 1.53% 11 Sep 2023. 31.8p
The Mangrove Partners Master Fund, Ltd. 1.43% 9 Sep 2023. 22p
The Mangrove Partners Master Fund, Ltd. 1.26% 7 Sep 2023. 22.98p
The Mangrove Partners Master Fund, Ltd. 1.11% 6 Sep 2023. 19.76p
The Mangrove Partners Master Fund, Ltd. 0.91% 5 Sep 2023. 20.44p
The Mangrove Partners Master Fund, Ltd. 0.73% 1 Sep 2023. 22.42p
The Mangrove Partners Master Fund, Ltd. 0.59% 17 Aug 2023. 11.2p
The Mangrove Partners Master Fund, Ltd. 0.70% 15 Aug 2023. 11p
The Mangrove Partners Master Fund, Ltd. 0.76% 29 Jun 2023. 10.5p
The Mangrove Partners Master Fund, Ltd. 0.91% 23 Feb 2023. 52.2p
The Mangrove Partners Master Fund, Ltd. 0.87% 21 Feb 2023. 54.2p
The Mangrove Partners Master Fund, Ltd. 0.61% 3 Dec 2022. 73p
The Mangrove Partners Master Fund, Ltd. 0.54% 1 Dec 2022. 74.75p

Be aware that the lazy mug punter spouts about the Mangrove short from a position of ignorance.

Mangrove have made good profit.

And are waiting quietly.

Don't think that the short matters much.

It will be funding, or the lack of it, which will burn the hands of the mug punter.

Be careful.

[content5827] 12/4/2024 13:11

Helpfuls lack of response says it all for me at least

[mcmather] 12/4/2024 13:06

Just reading a bit about Prudhoe Bay; from 2017 & 2019:

“Prudhoe Bay oil production started on June 20, 1977, and began flowing 800 miles down what was then a newly constructed Trans Alaska Pipeline System (TAPS) to Valdez. The original estimated recovery for Prudhoe Bay was 9.6 billion barrels”.


“At its discovery, Alaska’s prolific Prudhoe Bay was expected to have a 30-year lifespan. Today – 40 years later – the huge oil field has exceeded all expectations and operators are planning for its next 40 years...(Prudhoe Bay) was originally expected to produce 9.6 billion barrels and was expected to be done in 30 years,” Digert said. “It’s made 12.6 billion barrels as of this year. The field’s not larger. We’ve been using technology and exploiting our resources better. It’s still producing,” Digert said.”


I just cannot see how the proposed LNG pipeline will not be given the go-ahead; decades of energy security and revenue from exports.

[references] 12/4/2024 10:53

So, what happens to Mangrove if on any new good news there’s a sellers revolt and no one offers stock for them to buy? If a squeeze kicks in then it could be ugly.

[content5827] 12/4/2024 10:40

Helpful
These numbers that you have churned out yet again were torn apart yesterday by forwoods rebuttal.
Instead of repeating,why don’t you tell all us mug punters why he is wrong and you think you are correct.
Also tell us mug punters if you are short.
Finally, I am more than willing to accept a strong argument against panr by someone who calls me a mug punter ,but provide credibility.What are your market successes that makes you talk down to us the way you do repeatedly.
For some time now you have called for many things that you have been completely incorrect about such as share price direction and dilution.So why should us mug punters believe you?

[michaelsadvfn] 12/4/2024 10:39

Did Mangrove close their short @ 10p? No.

That's how smart they are. Apply for a job there helpless, you'd fit in well.

[helpfull] 12/4/2024 10:30

Cor blimey, guv!

Have Mangrove closed their short?

Not on your nelly.

Is there something a little smelly?

No finance yet.

One fish still nibbling.

Of all the reports of all the world, not one means a thing without funding.

Should those that were encouraged to punt their ISA cash this week be worried?

It may be BOGOF by end of June.

Be careful.

[content5827] 12/4/2024 10:24

I wonder why helpful never sends his calculations to panr during the webinars q and a sessions and let panr respond?
Helpful doesn’t seem to want to engage with panr even though he is prepared to send countless posts every week on this site.
Why is that helpful??