Pantheon Resources Share Discussion Threads

[nigoil] 15/1/2025 07:21

Quite right mlf51, rabito aka scot has posted a load of rubbish, although I didn't bother reading all of it as it is all drivel, the ramper known as rabito aka scot needs to stick to the facts! Which are......

Panr = STRONG SELL

88e = STRONG BUY

Just saying like!..... LOL

Simples!..... :-)

[2theduke] 15/1/2025 07:06

Let’s break 40p solidly today, would like to see 60p within the fortnight.

[nigoil] 14/1/2025 22:38

War and peace or what!..... LOL

Looks like I've really managed to get under the ramper rabito aka scot skin!... LOL

Panr = STRONG SELL

88e = STRONG BUY

Just saying like!

Simples!.... :-)

[scot126] 14/1/2025 22:34

Attention all readers of this forum.

Despite being comprehensively fact-checked and corrected in my post #22333, Nigoil has dishonourably repeated the proven lies, initially published in post #22322, in his subsequent post #22372. For the benefit of those unfortunate enough to have read Nigoil's bilge, please find below my fact-checking rebuttal of his drivel. Let's see if this second fact-checking post will lead to Nigoil apologising for disseminating false and misleading information, and to withdraw his posts #22322 and #22372?



"Massive fact check for post #22322 (and post #22372), written by the proven liar Nigoil.

"Yes, 88 Energy Limited has oil reserves in Alaska, Namibia, and Texas."

That is what's called a lie. Actually, a series of lies.

88E has no "reserves" in Namibia. The Namibian partnership has only just finished shooting 2D seismic never mind undertaken the multiple discovery and appraisal wells (costing hundreds of millions of dollars) to certify any hydrocarbon reserves on their acreage. In point of fact, 88E doesn't actually know if there are *any* hydrocarbons present in their Namibian project because no drilling intersections have been made to date at that location. So that's his first big lie.

88E's Alaskan acreage has no "reserves" either. Remember, Nigoil, 88E is giving up Umiat (which was purchased by 88E for the princely sum of $1m, despite being stranded AF). 88E has no reserves in Alaska. That's his second big lie.

88E's only "reserves" are located in Texas, called Project Longhorn. Despite guiding 88E shareholders to expect production to double from the roughly 300-330boepd figure at the point of first acquisition, production has stalled at 355-380boepd. And this is *after* 88E has invested further millions of dollars in multiple workovers, post-acquisition costs. The dividends due to 88E from Project Longhorn just about cover 88E's G&A but they are insufficient to pay for lease fees or *any* operational activity in Alaska or Namibia. Longhorn pays for management's wages and that's just about it.

So that's two blatant lies so far.

Nigoil frequently asserts that PANR has "huge debts". He's referring to the outstanding amount on the CB, approx $14.7m. Not "huge" by any means v's PANR's asset base and mkt cap. But the CB debt is a fact - fine.

Let's now look at 88E's debt. We know the Project Longhorn partners have a $5m debt facility with a Texas bank. 88E has not, as far as I'm aware, advised their shareholders if any/all of that bank facility has been used and, if it has been drawn down, what proportion of the debt is 88E's within the Longhorn partnership terms.

Then there's 88E's obligations to their partners in Namibia. Where's the US$14.5m going to come from to pay 88E's share of the first discovery well due in 2026, a payment which would keep 88E on track to increase its working interest in the Namibian project as per the partnership agreement? If it is to come from 88E shareholders then we're looking at 88E shares on issue doubling from 29bn to 60bn. Also, Nigoil, a question for you. If, and I repeat if, 88E is unable to deliver any further cash into the Namibian partnership, is there a penalty for such a failure? Does 88E have to hand back some/all of its working interest in Namibia? At the very least, a failure by 88E to advance its Stage 2 and Stage 3 payments to the Namibian project will cause the project to stall because the partners will need to seek external capital. Drilling in Namibia in 2026 would have to be delayed further. And we all know AIM/OTC punters will quickly sell up and move on if there's no activity on the ground for a couple of years.

As for Alaska, there isn't a snowball's chance in hell that a LTPT will happen at Phoenix or a discovery well drilled at Leonis without external finance paying for *all* of the costs. 88E shareholders should be asking themselves *if* any interested parties actually exist out there (especially for Phoenix with the results from Hickory-1 being truly awful), what percentage of W.I. will external parties demand for their capital? I reckon external parties will demand 80% W.I. *as a minimum* in order to take on the risk. For the record, I think it *extremely, extremely unlikely* Project Phoenix will attract *any* farm in interest whatsoever. There's zero evidence of Burgundy Xploration executing an IPO in North America. Project Leonis? Who knows? Too early to give a firm view for now.

So, 88E's debt (Longhorn), contracted payment terms (Namibia) and drilling costs (Alaska) could be as high as US$2.5m + US$14.5m + (2x drills @ $25m). Where in the wide, wide world of sport is 88E going to source US$67m from over the course of the next 2 years? Answer. It won't and shareholders are looking at insolvency and delisting in the next 12 months IMHO.

Thankfully Nigoil is the 88E buyer of last resort, as he stated on this forum. He's buying 88E shares in bundles of 5m as he continues to increase his legendary pair trade of +88E/-PANR.

Don't be like Nigoil. He's an under-researched, loudmouth proven liar. It is a mathematical fact that Nigoil's pair trade, opened at any point since PANR merged with GBP, now sees him down massively. The long 88E leg alone has murdered this pair trade. Nigoil is a loser. Fact."

[chris0805] 14/1/2025 21:16

Still thinking onwards and upward..Good times ahead :-)

[arcadian] 14/1/2025 18:47

Hiddendepths

This was a fleeting visit to see if the thread had changed. I had lost track of you but always value your opinion. Good to know that you are still firm in PANR and find good reasons to hold as do I.

[arcadian] 14/1/2025 16:27

There were some very large buys at c.3.0pm Could there be some unexpected news/update?

[sirmark] 14/1/2025 16:19

I do wonder if there's any of Mangroves stock in the 7.5mln shares today. It would be nice to know they are on their knees

[nigoil] 14/1/2025 16:16

A little premature with your statement hiddendepths!.....LOL

This stock is presently being pumped, just wait for the dump!.....LOL

I would hazard a guess that the top ramper rabito aka scot would have already sold!

Just saying like!

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

[rabito79] 14/1/2025 16:14

It's a 'SIMPLES' challenge Nigoil, one you are failing.

[hiddendepths] 14/1/2025 15:53

I must confess I like the smell of burning shorts and it's great to have a chunky one in this stock!

[sirmark] 14/1/2025 15:23

The drinks have been ordered lol

[jungmana] 14/1/2025 15:10

As I said last week , looks we will have a 1 pound party in a few months time.Glad I added a few more last week..GLA

[2theduke] 14/1/2025 15:05

Thanks sirmark - someone buying in all the way up it seems; nice and measured

[nigoil] 14/1/2025 15:01

Rabito aka scot, you do nothing but ramp and pump, it's in your dna!

£1.40p down to 10p, you should be ashamed of yourself!

Just saying like!

Simples!..... :-)

[mlf51] 14/1/2025 14:57

Well done lol

[sirmark] 14/1/2025 14:57

I was always going to be happy with either one winning, but with just a penny or two I thinks it's safe to say PANR will win the first to 40p TXP should play catch up with their news tomorrow :) but nice to see all who added at the 17p in great profits..fortune and the brave springs to mind.

Looking forward to the results in a few weeks, we also have Trump's first day next week so expect some shouting and PR about the pipeline...plus Flights interview.

GL ALL

[sirmark] 14/1/2025 14:31

Worth over half a billion :) $500,0000,000 cha ching.

[sirmark] 14/1/2025 14:29

MM Update

39 50,000 SING 11:16
39 50,000 PEEL 13:03
40.3 55,001 JANM 14:28
40.35 50,000 WINS 14:05
40.35 50,000 MREX 14:29
40.35 60,000 SCAP 14:29
40.4 50,000 CANA 14:28
40.45 50,000 STFL 14:28
40.45 50,000 INV. 14:28

[hiddendepths] 14/1/2025 14:26

Interesting chart. Either a break out or range confirmation.I would prefer the breakout, I must admit, but I've been here through thick and thin and have had confidence that this is the real deal so wouldn't risk trading them out now.And I do know a bit about oil companies....

[rabito79] 14/1/2025 12:57

'Pumping rampers' and yet not one example of pumping ramper post. Apart from the one you fabricated of course.

[millennialinvestor] 14/1/2025 12:53

I challenge myself to see how quickly I can scroll past red text drivel.

My best is 0.02 seconds. (1 Frame)

[nigoil] 14/1/2025 12:49

It's whether you can take advantage of the spike, because all you pumping rampers will be selling, that's providing the news is positive, spikes can go down as well as up!

Just saying like!

Simples!.... :-)

[rabito79] 14/1/2025 12:46

Even Nigoil turning positive predicting a spike. I am not one for predictions myself.


Share price has gone from 10p to £1.40 before though, on much less fundamentals.