Pantheon Resources Share Discussion Threads

[michaelsadvfn] 24/11/2023 05:33

What if some of the data is wrong ? or was wrongly collected ? or was erroneous ?

Are you surprised nobody wants to discuss the above?

You need to get out more.

[olderwiser2] 24/11/2023 05:10

Pro when you write garbage like that, it only further damages you credibility.

I guess you had nothing to lose, so I see why you don't care how ridiculous you appear, and keep carrying right on

[pro_s2009] 24/11/2023 04:34

Emd of the day....... PANR do not have a producing well. They have ZERO reserves. They do not know 100% if their proposed well in 2025 will actually be commercial and work.

Thats the cold hard facts as we stand.

Everything is theory based on data, data collected by the company, who then passed that data to SLB and NSAI and paid them to write a report about that data.

Hobbsy was not there during the period most of that data was collected.


What if some of the data is wrong ? or was wrongly collected ? or was erroneous ? When new data comes to light in 2025 all or some of the SLB and NSAI reports conclusions could be invalidated straight away..........just as it says in the Disclaimers.


None of the rampers and promoters like to discuss the above..........they avoid it.......

[pro_s2009] 24/11/2023 04:33

Emd of the day....... PANR do not have a producing well. They have ZERO reserves. They do not know 100% if their proposed well in 2025 will actually be commercial and work.

Thats the cold hard facts as we stand.

Everything is theory based on data, data collected by the company, who then passed that data to SLB and NSAI and paid them to write a report about that data.

Hobbsy was not there during the period most of that data was collected.


What if some of the data is wrong ? or was wrongly collected ? or was erroneous ? When new data comes to light in 2025 all or some of the SLB and NSAI reports conclusions could be invalidated straight away..........just as it says in the Disclaimers.


None of the rampers and promoters like to discuss the above..........they avoid it.......

[olderwiser2] 23/11/2023 23:20

Vendors + Offtakers + Non Equity funding

Wait for the announcement for 100% confirmation, it will explain it to you further

In the meantime, its back to the publicly released information in the webinars and RNS's

[helpfull] 23/11/2023 23:08

Cor blimey, guv!

You're deflecting again.

Answer the question.

What about the RBL?

Do you agree that there is no RBL before production is established, as outlined in the Strategy Update? And that means not before end 2026?

"Vendor + Offtaker + Financing" will be small beer and expensive compared to RBL.

And more uncertain, done by negotiation.

Where is the cash coming from?

I would suggest by cash raise(s) and dilution.

Be careful.

[mcmather] 23/11/2023 23:07

So, there’s ‘at least six’ who have signed NDAs, ‘less than 10, but growing’?

[olderwiser2] 23/11/2023 22:59

Read the RNS, watch the webinar

Key words
Vendor + Offtaker + Financing

[helpfull] 23/11/2023 22:50

Cor blimey, guv!

You're changing the subject because you're wrong.

What about the RBL?

The quote is from the Stategy Update. No RBL possible before production established.

It's there in black and white.

Where does the $120 million before end 2026 and FID, AND the $105 million (you)/ $140 million (me) come from?

That's about a $100+ million financial hole.

Answer the quetion.

Don't skiddadle off like you did with the calculations.

Beddybyes now, but I expect you to stay up all night and provide an answer for the morning.

Be careful.

[olderwiser2] 23/11/2023 22:24

Helpfull

All in your opinion, which is of no value, as it has been debunked so often.

You only have one agenda, the spreading of disinformation, to mitigate the PANR share price rise, as it moves back up from massively oversold, on a short and distort campaign, to fairly priced.

Stick around its going to be fun on the way up

Beware of funding announcement, post conclusion of negotiations with vendor and offtake financiers, 6 or more NDAs currently signed with these parties, who will be spending 100s of thousands each, and are aware no cheap market cap based offers will be accepted. Have already shown they are working on project scale

PVT and recombination studies, confirming the substantially lower GOR encountered in the SMDB flow test, and how that increases the economics, which are currently built on worst case for Alkaid 2 long term test of the Alkaid anomaly

[helpfull] 23/11/2023 22:23

Cor blimey, guv!

From the RNS:

"Reserves based lending - once production is established from enough wells to meet lender risk management criteria on diversification"

It will take a year (or more) to establish production. So no RBL before end 2026 at best.

A $95 million financial hold according to you.

A $140 million financial hole according to me.

Be careful.

[helpfull] 23/11/2023 22:15

Cor blimey, guv!

No cages rattled.

No cold hard facts produced, only misdirection by yourself.

Followed by self congratulations.

You're wrong again.

You've just highlighted that there is a $95-$140 million hole in the Pantheon numbers. Before any production.

Be careful.

[olderwiser2] 23/11/2023 21:53

Trolls cages are being rattled, by cold hard facts, they are groaning in discomfort

OHDODO just bit his tongue

Kitty Kitty/Moron
You will be surprised as you grow up, your reading skills, will advance past single paragraphs, before you collapse with brain fatigue

[olderwiser2] 23/11/2023 21:36

For helpful

Pro now promoting helpful at post 36894. Helpfull. 23 Nov '23 - 12:21 - 10774 of 10783

Together these two are the combo of lies and deceit speaking into each others megaphones

(Debunking of the nonsense is in brackets), I dont know why this pair dont simply read the RNS and watch the webinar, the answers are all there, factual worked cashflows and all.
Second thoughts they did read and understand, but continue to choose dishonesty as their medium of communication.o

Cor blimey, guv!
How big is the cash raise going to be?
(Looking smaller by the day, maybe zero, or did you mean non equity finance, see bottom quote)

Capital Cost to First Production = $120 million

The $120 million outlined above is just the cost of the three wells expected to be drilled by the time production starts up.

(Wrong that would be $60m at 3 x $20)

The rest is facilities, Connection to the TAPS export pipeline, and working capital

FID due end of 2025 for first production in 2026.

But the company is going to drill 10 wells in the first year (of which eight would be production wells) and a further 16 wells in the second year (of which 12 would be production wells).

So that's 10 wells in 2026.

At $20 million each.

(Wrong again (a pattern of deceit develping now)
(Its $15m after the first 3 wells)

That's $200 million in total.
(Wrong Its $165 m)


Or $260 million including add ons.
(Still wrong
$225 m covers 10 producing wells, processing facilities, pipleline and metering into TAPS, plus company overheads)

And no RBL.
(With 10 producing wells, RBL backed lending now kicks in)

There is a looming cash raise(s).

(Let me simply quote from the webinar, an informed insider opinion on this)

David Hobbs
But but what we've heard most commonly, is a perception that there is going to be more stock available tomorrow, and therefore there is no need to be a buyer today.
And our job, in terms of bringing NON-EQUITY financing forward, is to challenge that belief, and if we demonstrate to the equity Market. That we can fund a SIGNIFICANT, or you know in a perfect case, ALL of the development cost, WITHOUT Equity , then presumably the equity Market would arrive at a different answer )

[olderwiser2] 23/11/2023 21:28

Pro now promoting helpful at post 36894. Helpfull. 23 Nov '23 - 12:21 - 10774 of 10783

Together these two are the combo of lies and deceit speaking into each others megaphones

(Debunking of the nonsense is in brackets), I dont know why this pair dont simply read the RNS and watch the webinar, the answers are all there, factual worked cashflows and all.
Second thoughts they did read and understand, but continue to choose dishonesty as their medium of communication.

Cor blimey, guv!

How big is the cash raise going to be?
(Looking smaller by the day, maybe zero, or did you mean non equity finance, see bottom quote)

Capital Cost to First Production = $120 million

The $120 million outlined above is just the cost of the three wells expected to be drilled by the time production starts up.

(Wrong that would be $60m at 3 x $20)

The rest is facilities, Connection to the TAPS export pipeline, and working capital

FID due end of 2025 for first production in 2026.

But the company is going to drill 10 wells in the first year (of which eight would be production wells) and a further 16 wells in the second year (of which 12 would be production wells).

So that's 10 wells in 2026.

At $20 million each.

(Wrong again (a pattern of deceit develping now)
(Its $15m after the first 3 wells)

That's $200 million in total.
(Wrong Its $165 m)


Or $260 million including add ons.
(Still wrong
$225 m covers 10 producing wells, processing facilities, pipleline and metering into TAPS, plus company overheads)

And no RBL.
(With 10 producing wells, RBL backed lending now kicks in)

There is a looming cash raise(s).

(Let me simply quote from the webinar, an informed insider opinion on this)

David Hobbs
But but what we've heard most commonly, is a perception that there is going to be more stock available tomorrow, and therefore there is no need to be a buyer today.
And our job, in terms of bringing NON-EQUITY financing forward, is to challenge that belief, and if we demonstrate to the equity Market. That we can fund a SIGNIFICANT, or you know in a perfect case, ALL of the development cost, WITHOUT Equity , then presumably the equity Market would arrive at a different answer )

[rabito79] 23/11/2023 21:11

A few years back I did a comparison on Pantheon assets to the Pikka development, yesterdays announcement allows us to again compare our assets against Pikka in respect to IRRs. As per Santos's press release at the announcement of FID, Pikka phase 1 was forecast to deliver at an '19% IRR at US$60 long term oil pricehttps://www.santos.com/news/santos-announces-pikka-fid/During yesterdays presentation, about the 49.50 mark, David Hobbs was asked ' what's the lowest price at which the Aphun project would remain commercially viable for FID. To which he answered 'I know from the modelling we have done, on the basis of the minimum type curve of a million barrels starting at 1500 barrels per day, you would get down to a around 20% rate of return post tax at around $65 for ANS. If you use our best estimate case the number goes down into the 40s. If you don't need to drill as many injection wells because there is a gas offake then that number could even start with a 3. But it's too early really to get into flexing about how resilient to low oil prices we are, until we are further along the way in terms of development planning because in the time being we are stress testing at the technical level rather than planning for what's the minimum oil price.'Whilst of course we should take heed to has last comments but it's interesting none the less that the Best estimates get us well past the Pikka IRRs at time of FID.As a reminder the best type curve is is based on the work by SLB, with best meaning best estimate opposed to best rates/EURs that can be achieved. See note from RNS.Development studies by SLB indicate an alternative type curve for the Alkaid horizon substantially in excess of Pantheon's base planning case estimates. Utilising this analysis, Pantheon has created a best estimate using an IP30 of 2,700 bpd and EURs of 1.65 million barrels. Improvements seen in the shelf break horizons in Ahpun and the updip portions of Kodiak would see rates and volumes comfortably exceeding these.

[mlf51] 23/11/2023 19:31

Welcome to a day in the life of the gang.