Pantheon Resources Share Discussion Threads

[jaymay76] 17/11/2024 16:56

36 is actually my lucky number;-)

[mlf51] 17/11/2024 16:54

36p is a special number for me bring it on

[jaymay76] 17/11/2024 16:31

He's a trader and he'll be gutted he's missed the first 40% ride and reluctant to get back in until it's dropped off probably below 20p, which is never going to happen. He's just a sore loser to be honest. If you've sold or got out of any stock why would you comment on forum boards? Everyone can see what he's been doing.Anyway looking forward to breaking 36p next week. Bring it on. :-)

[mlf51] 17/11/2024 16:11

We are below 30p with an expected $5-10 how can he have missed the boat, no matter I'm in onwards and upwards.

[jaymay76] 17/11/2024 15:13

It's obvious Forwood has missed the boat and has been slightly negative ever since.

[mlf51] 17/11/2024 11:43

I don't know why but forwood doesn't seem as excited as the rest of us.

[attyg] 17/11/2024 10:46

Ha ha forwood, I know you are teasing, but there is not too much that I wrote that is fanciful. Optimistic, yes, but far from ridiculous.

It would be good if Spencer picked up the shares being issued mid December. That may not happen, but it could as it would be an excellent commercial decision on his part.

If Megrez is successful and management and others consider it has a 70% chance of success, then we can expect they will go ahead with a second drill which could indicate a bucket load of more free flowing oil - not ridiculous, just what the plan must be.

I don’t think many will bet against the State approving the pipeline in June.
All of the above would easily put the share price above £1.

The Company has previously said it would retire the bonds if the share price was over £1 - so why not press ahead with the planned US listing in July with an share price over £1 and retire the bonds?

Oh and remember my Uncle Bob considers the gas to be worth a lot.
Remember to watch the Blythe Ray interview.
hxxps://youtu.be/6b7iwv_t0H8

[forwood] 16/11/2024 14:29

AttyG, and Bob's your uncle :-)

[attyg] 16/11/2024 12:51

The wood Mac report provides all the cover the politicians require. Nothing can stop the pipeline from going ahead, in my view. Nor will the Ahpun EIS throw up any serious obstacles.
Agree OW2 - the Board and brokers will soon be re-assessing the value of PANR.
The $5to $10 a barrel may be revisited in July 2025 when everything is GO.
Just need Spencer to pick up the December issue of shares; good result from Megrez; second drill in the Eastern top sets allowing the Board to assess the nine reservoirs as holding more than 1 billion marketable liquids. Then it is US listing in July issuing a few shares at over £1 per share, repay the bonds in full and sit back and enjoy the ride.

[arcadian] 16/11/2024 09:10

Same here
In 413 above

I can`t believe my figures so please redo the maths and feel free to take me apart bearing in mind that it all rests on the drill bit.

Glad you are in this too as I am older but not always wiser.

[olderwiser2] 15/11/2024 21:54

PANR Gas is starting to present as the little engine that could.

Transitioning from a reinjection cost, to a salable commodity that generates cash flow and enables development finance at better terms

Oil is without doubt the star of the show, it does all of the heavy lifting in absorbing the costs of OPEX and CAPEX, as can be seen in an oil price of $70 to $80 per barrel, yielding NPV 10 of $5 to $10pb

What interests is gas gets a free ride, this previous cost of disposal born by the oil, is contracted for sale at $1/1000scf or mmbtu
Effectively there is minimal OPEX and CAPEX, water removal, chilling for NGL recovery, and gas compression for reinjection, are all part of the oil costs. These are almost the same requirements as gas conditioning to pipeline specs.

Should the $1/1000scf of gas hold in the final contract, and there is no reason to believe it wont as that is a very low price. IMO a substantive factor in making Phase 1 of the LNG project viable.
PANR have 6.6 trillion cubic feet of gas, already IER estimated contingent in Ahpun and Kodiak, with another 3.3tcf on the prospective radar at Megrez 1
The numbers calculate out to 1tscf of gas being worth $1 billion, with the only notable deductible being royalties, at the upper level 16.5% from memory

Even so the discovered 6.6 tscf minus 16.5% yields 5.5 tscf x $1b, $5.5 b in current value for what was a cost item, it is a substantial lift to the targeted $5 to $10 on the 1.6 b barrels of liquids,

I keep thinking I have the maths wrong as this looks too good, but I double checked, numbers are numbers

[mlf51] 15/11/2024 20:59

Cor blimey stinkproHave you let that temper of yours get in front of your brain again, knock knock who's there.Be honest

[mike290] 15/11/2024 20:47

Helpfull,

Please remain aware.
Apart from alerting Advfn, I have made others aware of your threats.