Pantheon Resources Share Discussion Threads

[helpfull] 10/12/2024 14:04

Cor blimey, guv!

Nigoil is correct:

"Panr has no money!.......Panr will have to keep fundraising!"

The reality brought home by the company only yesterday.

And Nigoil is also correct to ask when the next cash raise comes.

Before or after Megrez-1 is tested?

Expect the weight of a looming cash raise to have the usual effect.

17p is not out of the question.

There is great risk here.

Be careful.

[forwood] 10/12/2024 13:39

That was a great post by olderwiser, effectively reminding everyone that this is a conventional well, quite different from the unconventional wells that comprise the 1.6bn boe found to date - not that those are uncommercial, they are, but the difference in porosity and permeability means the conventional wells will flow at double or more the rate of the unconventional wells. Payback will be correspondingly higher and quicker too.

[mlf51] 10/12/2024 13:34

Another begging letter

[cat33] 10/12/2024 13:30

Great write up from Jim https://oilman.beehiiv.com/p/oilman-jim-s-letter-december-10-2024Worth reading

[mike290] 10/12/2024 13:19

"Stinky Pete"Helpfull puts it as "...standing in donkey poo"
This is just another pathetic attempt at spreading fear, uncertainly and doubt (FUD).

An example of sensible analysis of this morning's RNS (from the Pantheon Guild) follows:

"olderwiser210 Dec '24 - 10:42 - 8608 of 8617
0 44 0
This is the result PANR has hoped for, simple as that.

Conventional oil is fairly black and white, if the oil is there in quantity, it is commercial

The greatest prior risks were, is the trapping mechanism effective, and does it have the required seal. The drill bit has proven light oil is there in substantial columns, although not all of it will be pay, as reservoir will also have tight sequences, the presence of an oil column demonstrates the seal and trap are effective.
Further supported by encountering porosity as expected of a conventional reservoir, it screams commercial

Also it can reasonably be assumed the prospective resource classification will upgrade to contingent.

Fair enough to be cautious, as it will be some time, before a flow rate is determined by an actual flow test, but at this point a generous flow can be assumed based on the now known data, porosity, permeability, oil presence and type.

Three legs of this trifecta have come in
The oil previously discovered 1.6 b barrels
Megrez 1 conventional oil discovery, has gone from 69% gCOS to 100%
The gas pipeline proposal has full momentum

[nigoil] 10/12/2024 13:17

Drip Drip.......LOL

Don't say I didn't warn you!

This dog will not hold it's current share price! WHY?.....The market cap is unrealistic!....Panr has HUGE debt!.....Panr has no money!.......Panr will have to keep fundraising!.......MANGROVE

10p Party Coming Soooooooooon!!!!!

TICK TOCK

Simples!........;-)

[beanlade] 10/12/2024 12:47

👎🏿👎🏿 for you N..oil what a prat….karma217;s gonna bite ya bum now…….you and the rest of the Stinkpoo crew. GLALTH

[nigoil] 10/12/2024 12:35

Share price dropping back already!.......;-)...The yanks were buying this AM......Div

Some rise that was!.......LOL.....Lower than the share price a month ago!......LOL

We've had the pump, now the dump!

Be careful folks!

10p Party Coming Sooooooooon!!!!!...WHY?....Panr have no cash!...Panr have HUGE debt!.....Panr will need to fundraise!........MANGROVE!!!!!!

TICK TOCK

Simples!........;-)

[chris0805] 10/12/2024 12:20

A good news day. A sizeable rise, but am sure that most of us believe that it is still massively undervalued? Onwards and upwards..... C

[mlf51] 10/12/2024 12:18

Cor blimey stinkpro There's the old dyscalculia raising its head again, learn to count before you go to print it makes you look even more foolish. Went for 3 found 4 with pipeline and funding incoming.Be honest

[michaelsadvfn] 10/12/2024 12:00

But has the 600 million just been reduced to 400 million and falling?

Holding on to the tail of the elephant only to find you're standing in donkey poo.

Pathetic.

[arab3] 10/12/2024 11:59

hope so jungmana

[jungmana] 10/12/2024 11:47

Learnt the hard way Arab, buying on a rising trend is what I do especially on good news.Hopefully this should continue to rise into the 30's this week.

[arab3] 10/12/2024 11:40

we are in a few same shares jungmana, thats why i see your posts,
just wonder why you pick up days to buy

[rabito79] 10/12/2024 11:09

Deary me Helpful, 'In addition to the Topsets prognosed pre-drill, the well encountered the Upper and Lower Prince Creek formations (shallower Topsets), interpreted as containing light hydrocarbons over a 510ft interval'.


The actually hit 4 out of 3.


Keep helping

[millennialinvestor] 10/12/2024 10:59

This "bilge thread" is the best thread on advfn.