Pantheon Resources Share Discussion Threads

[seedoftongo] 09/6/2024 14:21

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Firewood coming out with all the ..

“ i did this , I did that “ type posts …

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Bruised ego or what .

Firewood , no one cares .

[forwood] 09/6/2024 14:02

I am not 'sorry for myself' but I am cannot let lies about my credentials or actions go unanswered.

I do not do as you have suggested above Helpless. That also is libellous. If this continues I will take legal action.

People have referenced the fraudulent promote in the past. This thread was started just after the initial short action. The implication of almost everything you post is to suggest Pantheon is not worth investing in and the shares will fall. I would say that supports the short thesis and that is your purpose. Allowing people to post disgusting pictures, lies and distortions is not the work of a moderate and responsible bulletin board 'owner'.

[forwood] 09/6/2024 11:06

In his obnoxious and libellous posts 16113 & 4, johncraven2 accuses me of not being a financial modeller, not knowing what I'm talking about and 'grooming the weak and the easily impressed newbie'. Serious accusations, but quite untrue.

He has no idea what I used to do as a financial modeller, and appears ignorant of the fact that MBAs study and use finance and investment concepts, applying them to real world businesses and industries. During my MBA, for example, I analysed the economics of nuclear power & the finannce function in UK banks, while setting up & running a charitable company.

A couple of consulting examples: I advised UK government, CIPFA and over 60 social services departments on the costs of community care, including the transfer of resources from the DHSS (now Dept of Health) to local authorities to pay for nursing and residential home care. I constructed spreadsheet models predicting the financial implications of demand and length of stay to the costs of care in several local authority areas.

15-20 years ago, I led the finance & performance function in an NHS locality, accountable for a £45m budget with direct management of £10m budgets, negotiating income, SLAs, cost improvements, and delivering savings. I trained 500 consultants and care managers on payment by results, identified £3m savings on changes to shift working patterns & devised a system to prevent salary overpayments.

I doubt he can find a single example where I set out to groom anyone for any purpose. I assume most people here are interested in investment and making money and this particular thread set up by Helpfull is designed to persuade people not to invest in Pantheon. I believe otherwise and if my attempts to rubbish his claims do influence people, then great. Perhaps that is why I have been attacked here and presented with past failings which most investors have experienced in their past.

Not so long ago, a series of claims were made alleging Pantheon as a fraudulent promote. It has taken a long time to categorically debunk those claims and demonstrate the genuine nature of the company's resources, as evidenced by leading industry analysts and service companies who have worked to validate those resources. Those claims cost thousands of honest investors, new and old alike, millions of pounds. This thread, set up by Helpfull, sought to support those claims and I will continue to call out and debunk what I see as continuing attempts to undermine the company's objectives.

[mlf51] 09/6/2024 06:56

Cor blimey luv 1.5bbo recoverable in blisters lmfao Be honest

[rabito79] 08/6/2024 18:26

Yes, you also thought the oil was in 'blisters'.Keep helping

[helpfull] 08/6/2024 17:47

Cor blimey, guv!



"When it comes to crises in Alaska, residents have an unsettling tendency to tune out until the only options left are bad. In part, this is learned behavior: Sometimes the state is bailed out by its resource wealth (as has happened with budget snafus and rollercoaster oil prices) or world events (such as the advent of World War II bringing a tremendous infrastructure boom). When this happens, Alaskans take away the lesson that they may as well not bother acting to forestall a catastrophe, placing their trust in outside forces to swoop in and save us from disaster. But this is dangerous, shortsighted thinking, and there’s no guarantee we’ll escape the worst-case scenario. The most recent example came late last month, when natural gas utility Enstar asked the state to approve a minor territorial expansion that would allow for the construction of a short pipeline — one that would allow Enstar to transport imported natural gas.

The notion of importing gas to a state with tremendous proven reserves of the resource is anathema to many Alaskans, who can’t fathom why it doesn’t make more sense to develop the gas within the state’s borders. But the appetite of producers to explore for more gas in Cook Inlet — and take on the associated financial risk — is meager. And the massive natural gas deposits on the North Slope are mostly stranded, with transportation costs (or construction costs for Alaska’s great white whale, a trans-Alaska natural gas pipeline) rendering their delivery uneconomic. As a result, the most cost-effective supply option for Enstar’s gas supply after its contract with Hilcorp expires in 2033 threatens to be imported gas.

That should be a scary prospect for Alaskans, as imported gas will by no means be cheap. In addition to the cost of purchasing and transporting the gas, Alaska customers would be on the hook for the cost of constructing or purchasing a mess of infrastructure — a gas terminal at Port MacKenzie or elsewhere, the pipeline between that terminal and existing infrastructure, as well as a host of other potentially necessary changes to accommodate the new supply method. And the shortfall between the gas Southcentral needs and the gas it has is much closer than 2033 — Enstar foresees demand exceeding guaranteed supply as early as this coming winter, and other utilities’ contracts with Hilcorp are up far sooner, raising the specter of increased utility bills as electric cooperatives turn to higher-cost energy sources to provide power. Whether it’s with state subsidies or higher bills, Alaskans need to understand that on our current trajectory, we will be paying up to twice as much to heat and power our homes and businesses in the next five years.

Energy cost increases, in the event gas has to be imported, will reverberate through every corner of Alaska’s economy. The costs of heat and power are priced into every commodity we purchase. So an increase in energy costs will result in retailers raising prices to cover their own costs. It will result in landlords raising rent prices to cover increased utility bills. It will result in small and large businesses raising prices and/or shrinking their operations to reflect the increased costs of getting by. There is nothing that can throw the brakes on an economy as quickly or completely as increasing energy costs — and Alaska’s economy is already in precarious shape.

One might ask what the electrical utilities have done to find a long-term stable fuel source on behalf of their customers. The answer, unfortunately, is not enough. They’ve been aware of the gas shortfall for years and, rather than focusing on finding alternative sources of gas or alternative fuels like coal, they have largely stuck their heads in the sand, preferring to focus on wind and solar projects that can’t provide nearly enough stable power generation to replace gas before imports are needed. Renewables should be part of the power mix in Alaska, but it’s a fantasy to expect them to come online in time to matter for the coming natural gas shortfall. It’s past time Chugach Electric and the other utilities make a concerted effort to find a long-term fuel supply other than importing natural gas. Alaskans can’t afford any more time wasted.

Unfortunately, Alaskans’ elected representatives also didn’t make securing lower-cost gas supply nearly as great of a priority as they should have during the past legislative session. Despite dire warnings from Enstar and gas producers, legislators gaveled out in mid-May without approving incentives for Cook Inlet exploration and production, or for that matter any meaningful legislation to chart a course that could help Alaska avoid importing gas. This should be a central issue of this year’s election, and we urge residents to vote only for candidates who pledge to take immediate action that would secure gas supply at a lower cost than importing it — and are willing to work with others to get that done, regardless of their party or ideological bent. If current legislators want to show their constituents they’re serious about governing, they still have time for a special session to address the issue before fall campaigning begins in earnest. What better way is there for lawmakers to convince voters they’re doing the job they were elected to than helping them avoid a massive financial hit on their utility bills? "

"Alaska’s great white whale, a trans-Alaska natural gas pipeline"

If the theme of this piece is correct, it would be expected that the cost of all goods and services will be much higher than they are today. With a corresponding knock on effect to the costs of wells and drilling for Pantheon.

Increased costs for a delayed project trying to produce an ever unwanted product, some might say spells problems.

Be careful.

[helpfull] 08/6/2024 17:19

Cor blimey, guv!

No need for thanks.

I am a modest person.

As for the Dec 2023 placing.....

I miscalculated because I did not have the correct information.

I thought the FID for Aphun was end 2025.

Little did I know it would be extended by over two years to end 2027/28.

And Kodiak extended to 2030 and beyond.

Of course the company has known how the vendor/offtakers finance discussions have been going, seeing potential partners whittled to 2 then 1 then all gone.

Tying your future to an elusive gas pipeline is desperation.

They still need money.

$20 million for G&A.

$51 million for 3 Kodiak wells.

$17 million for 1 Ahpun East well.

$20 for a Hot Tap, although that can now be delayed for 2 years of more (I think FID for the Hot Tap was June 2024.

Pantheon still has not paid for the new leases as they have not yet been confirmed.

Yes! I my timing was wrong for the cash raiss.

But the need for cash is as urgent as ever.

And any chance of oil production is further off than it was last year.

And that $120 million put off this June will still Be needed before any production.

Getting finance is crucial and Pantheon appear to have fallen at the first hurdle.

Be careful.

[rabito79] 08/6/2024 16:44

Well done helpful on your prediction. Whilst you are on form can you provide an update on the imminent Dec23 placing?


Keep helping

[seedoftongo] 08/6/2024 14:10

michaelsadvfn8 Jun '24 - 11:41 - 16109 of 16112
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You'll be on here all weekend, as usual Billy.

Enjoy sitting there like a prize plum while the rest of us are out enjoying life.
Me, you'll find me on the beach of Praia Maria Luisa this afternoon. Lovely spot and just a 10 minute walk.


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No one cares Michael.
Anyone can say that are anywhere doing anything here on ADVFN .
It is meaningless .
Is the “ just a 10 minute walk “ an attempt to justify something that you are making up ?
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Foolish Michael trying to kid everyone that his life is currently amazing .
We love the Michael type characters on ADVFN as they are the bread and butter of those who like to crush an investor.
Nothing special , but you know it’s an easy meal when you scalp Michael .

Enjoy looking at that brochure and it’s “ 10 minute walk from the beach “ comment ..

😂😂😂😂

Bread 🍞 n butter 🧈

Easy scalp .

Chomp chomp

[forwood] 08/6/2024 11:05

The trolls overestimate their impact either on me personally or the views others have of what I post elsewhere. Some were ambivalent about the charting before your troll attack. Others appreciate it, as youngbaz says in post 16098. What I did before coming on these boards 6 years ago is neither here nor there. Life is a journey and some roads are dead ends. We move on! Most of those who know me through posts elsewhere, don't visit this board. Take a hint and eff off!

[michaelsadvfn] 08/6/2024 10:41

You'll be on here all weekend, as usual Billy.

Enjoy sitting there like a prize plum while the rest of us are out enjoying life.
Me, you'll find me on the beach of Praia Maria Luisa this afternoon. Lovely spot and just a 10 minute walk.

[seedoftongo] 08/6/2024 05:24

references7 Jun '24 - 15:32 - 38287 of 38291
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I doubt there will be a placing given comms from the company to date. But I agree with Swen. What is to fear from 10-15% dilution? I had factored in much more dilution than that a year or so ago when doing my sums.



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Copied from the other thread .

What are these sums that references calculated ??

He has not backed himself up yet .
EXPLAIN YOURSELF REFERENCES.