Pantheon Resources Share Discussion Threads

[scot126] 23/9/2021 19:18

Spot on, PoS, spot on.

Hi responsible investor - I 100% know you're asking a different and sensible array of questions. ngms27 comes from Contraristan and requires careful monitoring from time to time. I'm not for one millisecond mixing up the content or purpose of your post with his. Promise.

[alaric7] 23/9/2021 19:15

'The price of oil today has little semblance on the price of oil over the next 30 years'. finally you're right about something ngms. the price of oil is only moving in one direction from here on and it ain't south. and you'll have the climate change agenda to thank for that.

[sirmark] 23/9/2021 19:09

Click bait !!

[probabilityofsuccess] 23/9/2021 19:00

Scot, if I may……230;

Chessman, nobody is suggesting somebody is sat down with a model changing the input price every day!

Ngms has stated that future prices are not correlated to current prices in any way, and that current prices do not influence, in any way, corporate investment decisions. Not correct.

Scot is saying that the commodity backdrop (read general price trend, economic environment etc) is absolutely relevant to future price assumptions.

No confusion, you are just being pedantic because ngms has made a statement that is, quite frankly, lauaghable and you feel the urge to agree with him simply because it meets your agenda of disagreeing with Scot.

If you genuinely believe that ngms is correct then so be it……R30;..but you are categorically wrong to believe that.

Hope that helps some who may be misled by the narrative that current POO (recent range and trend) doesn’t matter.

[responsible investor] 23/9/2021 18:37

For goodness all above, the question is simply related to the tangible figures - of course we all understand that the ultimate key factor is the proposed partner's medium to long term view on the market price of crude. I am interested in the other factors which are more quantifiable!

[scot126] 23/9/2021 18:32

Buzz off, chessman2, and go pick a fight with your Mrs or another old fella down t'pub. Your repeated attempts to have me volunteer for a lobotomy in order to debate you at your level are not going to succeed. I've re-read my post and am comfortable leaving it as is.

Tsk, tsk, tsk. Still struggling with that value add concept, I see. Hey-ho.

[chessman2] 23/9/2021 18:18

Chris, both scot and ngms appear to have referred to the current price.

[chris0805] 23/9/2021 18:09

*currrent price of POO*Says an awful lot about your thinking...

[ngms27] 23/9/2021 16:47

The price of oil today has little semblance on the price of oil over the next 30 years. There is no correlation whatsoever. The two are not related in any sense other than randomness by which you are being fooled.

[scot126] 23/9/2021 16:22

ngms27 - I've been in "The room where it happened" (as John Bolton might have described it) when takeover terms and transactions have been agreed. No, of course the price on 23/9/21 doesn't have an effect but the backdrop or general environment for a commodity certainly *does* have an effect. C'mon, are you seriously trying to inform the thread that the commodity backdrop to last year's farm out negotiations wasn't markedly different from the backdrop to the current negotiations? Of course the strip price is a key consideration for the pricing of transactions in the O&G space.

You do post complete tripe, ngms27. Make you feel special to get some attention? Jeepers. I'm with PoS on this one. You just posted that one because you were sitting at home bored, didn't you? You're such a scamp.

[ngms27] 23/9/2021 16:06

Nope, little impact over a 20 to 25 year field life with development also several years away.

[probabilityofsuccess] 23/9/2021 16:06

Ngms - the future price is a function of the current price. So disagree, it has a big bearing on it. Do you believe the future POO at any given point in time would be the same if current POO was $30 or $50, not $76? Wouldn’t the long term price modelling assumptions have changed?


The more I read your statement, the less I think you actually meant it. Surely you can’t believe what you have just written.

[korkybucheck] 23/9/2021 16:05

Current oil price doesn't affect long term price assumptions?

[bobbiedazzler] 23/9/2021 15:59

Mmm It's a factor in the long-run forward price, which will in turn influence a company's assumed future oil price

[ngms27] 23/9/2021 15:56

I personally don't think the current POO will have any bearing whatsoever on whether they achieve a farmout as companies looking for future development do not base investment decisions on the current price of POO...

[scot126] 23/9/2021 15:32

Hi responsible investor - post #17316, noted and will revert.

FYI - simply posting as a useful reminder of the environment in which farm out negotiations are taking place. The last recorded price for ANS crude was $74.22 on 21/9/21. The ANS crude price appears to have formed a fairly well established pattern for quite some time now whereby it tracks or shadows (if that's the correct term?) the price of Brent rather than WTI. With Brent trading >$76 at time of writing, not a bad backdrop to be negotiating a farm out, certainly v's this time last year.

[responsible investor] 23/9/2021 13:19

Scot123

can you explain how Cost of Production is calculated. I understand that for Alkaid the CoP will be $30-35/brl although of course the CoP will be dependent on volumes produced? Does this CoP include (i) royalties payable (ii) cost of drill lease (iii) depreciation and if so on what equipment (iv) any allocated management charges (v) other meaningful components to cost.

I assume that transport costs are not included? Do we know how much transport costs will be on the basis that (a) road transport is used initially and subsequently (b)transport through TAPS with depreciation of any CAPEX required to access the pipeline - how calculated?

Some understanding of these figures will be relevant in judging the fair value of recoverable oil - i.e. why not $10 per brl rather than $3.2.

Yoour in-depth knowledge on this will be much appreciated.

[stargalaxy123] 23/9/2021 12:47

very very interesting article on Reddit posted by Alaskageophiz following Laredo purchase of Pioneer assets and Conoco purchase of Shell assets.

[...]

As GeodesRock commented later "Pantheon has a a discovery of a life time".

These are seasoned and respected posters so you have to respect their opinion one would think.

[yoghurt73] 23/9/2021 09:42

Old Mortie would have been making hay over all the trials and tribulations.
A good reminder that the only commodity that really counts is time. Spend it wisely.

[chris0805] 23/9/2021 09:32

I asked this question not long after the Texas leases were given up.... Was told in no uncertain terms that I was wrong to ask, clearly cost of maintaining the Texas leases would have been a waste of company funding which is better spent elsewhere..

[hiddendepths] 23/9/2021 09:09

Good point Bit Coin. That was an unfortunate decision. What harm would it have done to keep them warm?

[bit coin] 23/9/2021 08:44

Talking about Texas whatever happened to our massive gas fields that were given away for $600 K ?I'd imagine they are worth a tad more in these days of gas scarcity..............