Pantheon Resources Share Discussion Threads

[scot126] 02/10/2021 14:17

Indeed, GG, but he wasn't rrrreallllyyyy asking about the philosophy behind various investment styles, was he?! Lol. Anyhoo, I noticed sporazene2 had kindly volunteered to post the thread of my answers to @RationalCloner's questions and did a grand job of it too. I can't see if there have been any replies or engagement with sporazene2's Twitter thread from @contrarian8888, @ValueSituations or @RationalCloner or anyone else who initially engaged with @RationalCloner's queries? Please do feel free to alert me if anyone notices unanswered questions or queries on Twitter and I'll do my best to provide an answer if I possibly can.

responsible investor - still no response, will ask again.

[gorgeousgeorge01] 02/10/2021 11:51

"GG has opted for his own philosophical Soros-inspired replies which, and I could be wrong here, don't rrrreally answer @RationalCloner 's points."

Someone else has now provided quite a comprehensive response, and better than anything I could have written. RationalCloner is liable to run into trouble if he fails to take philosophy and a certain amount of irrationality into account. I think we've all been there!

[magnusprinceps] 01/10/2021 18:37

Against a red day on the market in general, 71.40 - with a drop of just 0.3% - is a very creditable performance!

[gozo] 01/10/2021 17:55

Some chunky buys this afternoon - instinct tells me news on the farm out next week.

[sporazene2] 01/10/2021 16:17

all sorted scot126, make that 2 pints of cooking lager now..

[scot126] 01/10/2021 15:05

Ah yes, pharmawotsit, I now recall the slide to which you refer. Well remembered.

Hi sporazene2 - GG has opted for his own philosophical Soros-inspired replies which, and I could be wrong here, don't rrrreally answer @RationalCloner's points. If you are able to tweet out my answers as one thread (tagging $pthrf #panr @valuesituations and @contrarian8888 and @RationalCloner) I'd be very grateful indeed. TIA

PS sporazene2 - noted with thanks.

[pharmawotsit] 01/10/2021 14:39

Your memory is not bad, Scot - but dare I say the reality is marginally better.

I'll just repeat the essence of my post #15408.

"In their presentation of October 2020, the board announced their break-even price was close to $32 per barrel - and highlighted in a comparison chart across companies."

[sporazene2] 01/10/2021 13:32

noted scot126 - I am in the middle of something here but will look at this at 3.30 unless GG beats me to it, I have sent him a message on the same.

[scot126] 01/10/2021 10:17

Ha! Not the case, responsible investor. I have communicated the question but no answer as yet. Rabito79 has likely got a better handle on CoP per barrel for each reservoir but, from memory, guidance on Alkaid was $37-$40, and for Talitha it was somewhere around $27-31 leading to a blended CoP of circa $33 per barrel. Very happy to be updated/corrected by Rabito79 et al.

[responsible investor] 01/10/2021 10:06

Scott123 - you seem to have forgotten my message of 17316! As an addendum I wonder if there is/you have an estimate for CoP for Alkaid, SMD-B, Upper and Lower West Theta, Kuparuk and SFS. Hope we will hear from you - more important than answering to some of ridiculous postings which this blog annoyingly attracts.

[scot126] 30/9/2021 23:38

I have a favour to ask of GG and/or any of the Twitter professionals out there like sporazene2? Would one of you please reply to @RationalCloner on the relevant $pthrf Twitter thread with the following bullet point answers to his questions? Looks like scot126 needs to get up to speed on Twitter now that Agolf Twittler has been thrown off! I’m not sure Twitter could have handled both of us?!

I’ve tried to break my response into chunk-sized pieces but they might require further chopping up? It’s 280 characters max per post so Twitter threading skills will likely be required by whomever volunteers to post the answers below? Sorry to lumber someone with this request! TIA



FAO @valuesituations/valueye/Conor/@contrarian8888/@RationalCloner


"1. Jay’s tenure/different this time? Access the Board’s vast experience in the O&G sector via co website. When Jay was President of ARCO Int’l he was responsible for annual budget of >$1bn.

2. Since PANR listed in London, it has raised £150m from shareholders and is today valued at £500m. Not Tesla admittedly, but not a complete disaster?

3. It’s “different this time” because of the quality of the asset, quality of the Great Bear technical team, eSeis’ involvement, Baker Hughes’ involvement and the >$200m invested by GB in the asset *prior* to the merger with PANR.

4. Insider buying. Jay has not been ‘gifted’ any stock and paid cash for all his shares. Can confirm earlier divorce answer. Directors always supported public fundraises with own cash.

5. Look at latest Annual Report for options scheme. NB Jay has not sold one PANR share >10 years, a rarity for an AIM CEO.

6. 2016 marked the zenith of the Texas project. The first two wells drilled, logged and flow tested were spectacular. Look for initial results from VOBM#1 and VOS#1 on co RNSs.

7. Jay was, not unreasonably, using the data at the time and extrapolating from the first two wells and applying same to total Texas acreage. @RationalCloner 2016 research is accurate but perhaps you haven’t understood the context of the moment?

8. @contrarian8888 and @ValueSituations are correct. PANR is now solely focused on the Alaskan asset. E&P success requires persistence. The GB founders have been nailing down this asset since 2010.

9. By a tortuous route, the asset is now 100% owned by PANR. Investors must assess if the *combined* management teams have the capability to delineate, prove up and sell the asset.

10. Your fellow PANR shareholders include: Lord Browne, David M. Leuschen, Pierre F. Lapeyre and Sir Michael Spencer. Perhaps google them if you don’t recognise the names?

11. If the asset is as good as management believes, with shareholders of that stature it’ll attract buyers. No question. – scot126 /ends"

[scot126] 30/9/2021 22:49

Easy now, michaelsadvfn, post #17596. I guess anything’s possible but remember the ice road to Talitha-A will also be used by the heavy rig required to drill Theta West. Theta West is a further 8 or 9 miles northwest of the Talitha-A location. Before the road contractors are allowed to get to work, the conditions must be suitable for the construction *and* sustainability of the ice road.

No particular reason why folk will recall the following but I posted last year that the optimum ambient temperature for building ice roads is -28 degrees Centigrade. In addition, the top 12 inches of tundra must reach -5 degrees Centigrade before construction is permitted to begin.

I note your enthusiasm to get cracking but I think we have to be patient before getting other readers’ hopes up on the start of operations this coming season.


Hi Brinstocks1, post #17598: perhaps you’d like to have a quick look at post #17532 where I share my fair value share price as of today, right now, based solely on the information currently available? I am comfortable declaring that, IMHO, the share price has *not* reached a traditionally modelled definition of fair value. The brokers’ fair value range of 170p – 180p doesn't look unreasonable to me, for example. That the share price isn’t closer to the brokers’ fair value range is due chiefly, IMO (perhaps almost entirely?), to the Farallon/CHONS selling of stock in the market throughout 2021.


Hi holcomber, post #17598: Ha! Welcome to ADVFN on the occasion of your first post. I’m not entirely sure the ‘prolific posters’ over on lse are “missin’ [me]”?! Whether it’s conspiracy theories on the PANR thread that, IMO, require challenging and correction or the outright gallery of rogues on 88E who pedal disinformation and encourage loyalty in other shareholders in order that they, themselves, can trade the peaks and troughs (yes, a couple of them actually admitted to that trading strategy whilst attempting to intimidate anyone who has the effrontery to discuss trifling annoyances such as facts, fundamentals and the truth), scot126 is certainly your man!

I’m looking forward to the latest 88E Capital Structure update which, according to a reply from 88E management, is due any day now. I’m not sure the 88E shareholders are going to like my next series of far more forensic questions once their next quarterly update (ASX is their primary listing) is published. Hey-ho. In the end the maths won’t lie no matter how many OTC retail punters tweet memes of rockets with the 88E hashtag attached. Interestingly, the US investors who have been attracted to the PANR investment case appear to be very much more focused on the fundamentals as opposed to spinning the wheel at the casino, a la 88E OTC punters. And so they should be. Good stuff.

[holcomber] 30/9/2021 19:57

Scot126,
You need to get back to the 'other side', the LSE 88e boys are missin' you. ;-)

[brinstocks1] 30/9/2021 18:15

Do we think the share price has reached fair value at this moment in time? Interested to hear people's thoughts

[michaelsadvfn] 30/9/2021 17:30

Temperatures dropping in Deadhorse & the big freeze appears to be no more than a couple of weeks away...



Leads me to think we may be testing Talitha this side of Xmas.

[chris0805] 30/9/2021 17:26

I did not panic buy any fuel... so thought it was rude to not panic buy beers at the pub!

[forwood] 30/9/2021 14:32

Reminds me of the sign outside a pub: Beer shortage soon. Panic buy here!

[wee jimmy] 30/9/2021 14:11

...and great news for Scottish independence supporters.

[lupins2] 30/9/2021 14:08

If that happens I will convert my car to whisky-LOL

[sirmark] 30/9/2021 14:05

Bloomberg reporters suggesting $200 pre barrel could be on the cards as the shortages hit in the next few years.

[scot126] 30/9/2021 11:49

Post #17585 by Twit Coin: Nonsense.

To say what exactly? "The company is in farm out negotiations with multiple parties. We're just about to enter the calendar quarter which we'd previously guided would *require us* to source funding to ensure our anticipated winter drilling programme goes ahead. What in the hell else did you expect us to be doing except *exactly* what we'd guided to in multiple RNSs and in the April and August webinars?"

No parties' names were mentioned, no terms were mentioned, no guarantees were given during the interview. What on earth is there to issue an RNS about? Bloody hell, Twit Coin. Leave this grown up stuff to the company, the NOMAD and the company's lawyers. When they have something to tell us, they'll tell us.

In the meantime, I wish Jay and PANR management the best of luck in securing that incredibly exciting winter drilling programme. We all know we're just about to enter the crucial Q4 period - let them get on with it without idiotic posts like #17585.

[soggy] 30/9/2021 11:38

At first I thought it may have warranted an RNS, but it's not actually new news, they have informed the market previously that they have been in discussions. But it's good to hear that there's more going on now than just the 'we've had folk in the data room' type info.

And presumably there's a nice big fat RNS going to drop soon with a name, or names, anda percentage and then we'll see the fireworks.

Let the good times roll!

[chris0805] 30/9/2021 10:38

I also thought this... but then also thought perhaps they are negotiating with different parties for different prospects. So Hilcorp for Alkaid Unit, Exxon Mobil for Talitha Unit & ConocoPhillips for Theta West for example ( other names could be in there clearly, these just used for example...)GLA C

[soggy] 30/9/2021 10:31

"Don't call me Shirley!" (Frank Drebble, was it?)