Pantheon Resources Share Discussion Threads

[bit coin] 10/11/2021 08:03

Lively start, will we break 90 today ?

[chris0805] 09/11/2021 18:45

Lol lol lol :-)))))

[bchoco] 09/11/2021 17:48

Wow ngms...are you alright? No temperature or flu or anything? Scot ...right? 😳🤔🤔

[michaelsadvfn] 09/11/2021 17:39

No need for a link Scot, thanks anyway. I’m a bit surprised they handed it back so soon after it was acquired. It’s still mentioned on the Pantheon website home page fwiw.

[ngms27] 09/11/2021 17:25

scot126 is right. Notice how PANR dropped it from presentations and RNS's on the QT. That's how I personally came to the opinion that it was no longer something they wished to pursue.

[scot126] 09/11/2021 16:38

Hi michaelsadvfn, post #18871: I saw that Leonis had been handed back to the SoA when I was navigating around the Dept of Natural Resources website in advance of this year's lease auction. Remember we got the results of that auction just last week. I'm happy to root around and find a link for you if you'd like?

It sounds like you're wondering whether you missed this info in an RNS? Don't worry, you're not going mad! I don't recall it being mentioned in an RNS either. I'm guessing here but I reckon the BoD plus NOMAD will have decided that it wasn't a material piece of news, especially in the light of the guidance issued about Theta West since those 65k acres were secured at auction in January '21.

[scot126] 09/11/2021 15:52

Hi Bobbiedazzler, post #18848: Thank you for your post. It’s patently obvious you’re incredibly interested in the subject matter and enjoy debating same. FWIW, I'm interested too!

I *do* think you have misunderstood my position but the cause is far more likely to be because I have not explained my position clearly rather than you not reading the content of my posts correctly. 😊

Here’s the thing, as I see it. Firstly, I feel that you’ve metaphorically placed the cart before the horse in a fairly dramatic fashion. That’s not to say my confidence in PANR owning a world class oilfield is diminishing. No way. Rather it is a fact that the results from the three anticipated operations (flow test Talitha #A, drill and flow test Theta West and drill Alkaid-2 as a lateral production well) will, at least for the next 6 months or so (and longer?), far, far, far outweigh any other inputs, and that includes many/all of the macro considerations you have described. I am a wee bit concerned that the “dead time” in front of keyboards waiting for hard news from Alaska will lead to an unhelpful distraction if we all start second-guessing the POO, OPEC+ supply increases, Putin’s attempt to freeze Western Europe, etc, etc.

With its many faults, this thread has thus far been the primary source for fundamental information, research and analysis of, very specifically, the PANR investment case. My personal opinion is this is where the thread can provide the greatest value add for investors, certainly for the next 6 – 8 months or so.

I contend that if shareholders and potential investors are doing background reading about PANR, they’ve already moved past the decision-making process which examines and answers: “Oil and Gas sector? Yes/No? Yes. Producer or E&P? E&P.” As such, the macro subjects you appear intent on debating on a regular basis on this thread could equally be applied to Touchstone, Gulf Keystone, Harbour, EnQuest, Cairn, etc, etc.

Don’t get me wrong. You write very well and cogently but I wonder whether this thread is the correct forum for the macro issues you have identified? Perhaps set up your own macro thread or decide to ration your macro posts until the results of the anticipated winter programme have been published?

It’s up to you. Depends what you’re looking to get out of the thread. I’ve let you know my *opinion*. It’s no biggie but I do observe that in the *relatively* short period of time you’ve been posting on the thread there’s been an overwhelming focus on carbon pricing, POO, emissions, etc. and virtually no content about management guidance on RFs or analogue fields in Alaska, etc, etc.

I note you expressed a few thoughts about the possible scenarios we may face depending on the investment profile of any successful farm in partner. Great. Is it not better to wait to read in an RNS the *actual* identity of that farm in partner and the *terms* of the agreement prior to analysing the shape of PANR’s future?

Up to you…….but nice to post back and forth with you in such a friendly manner.

[bit coin] 09/11/2021 15:08

COP ends on Friday............so news early next week, imho, Gla

[chris0805] 09/11/2021 13:16

Ditto... Perhaps I am losing it..

[forwood] 09/11/2021 13:09

Scot, the 3 monkeys all in one: Whenever looking at price and history, that is all you're doing. Everything else is a given, so no, it's not irresponsible not to mention all the extra positives this time. There were positives last time too, else that 20% surge before the fund raise was a cynical ploy by someone to get to an attractive price before raising cash. As Bobbiedazzler so eloquently pointed out, our price rise since last year could all be explained by the rise in poo.

[rafthorney] 09/11/2021 12:43

pos ok cheers. i,m just a holder myself.

[kilgallp] 09/11/2021 12:42

Thanks for your responses, guys.

[probabilityofsuccess] 09/11/2021 12:36

Nope - just the perspective of each of the parties involved kilgallp.

[michaelsadvfn] 09/11/2021 12:35

scot126 9 Nov '21 - 11:17 - 18859 of 18869 0 2 0
Hi michaelsadvfn - quick fact check. PANR gave up Leonis prior to this latest round of SoA lease auctions.

Can’t remember that but I have no reason to doubt it. Thanks for the info.

[scot126] 09/11/2021 12:35

Same thing, kilgallp. It's like lend/borrow, teach/learn....just depends from which perspective you're looking at it. Either from the perspective of the owner of the asset looking for funding from a potential partner in return for a percentage of the asset (farm out) or from the standpoint of the potential partner who is looking to farm *in*to an asset. Hope that helps.

[kilgallp] 09/11/2021 12:30

Forgive my ignorance, but in various posts, I've read about 'farm-in' and 'farm-out', are they the same thing, or is there a subtle difference?

[probabilityofsuccess] 09/11/2021 12:24

That’s a trading short rafthorney, because he stated he sold some with an intent to buy back cheaper (between 70-75).

[rafthorney] 09/11/2021 12:18

Not sure he shorted anything? Just sold some.i could be wrong though.

[scot126] 09/11/2021 12:09

Post #18864: .....and it would be equally irresponsible not to point out that last November the company had not yet secured the 65k acres now known as Theta West; nor had it yet drilled Talitha #A with its VAS confirmed hydrocarbon-bearing column measuring a staggering 3700ft in length; nor had we been informed by our CEO, on the record, that "farm out negotiations are under way and some of them are quite advanced, I must say". It's also worth bearing in mind that 7bn vaccines doses have been administered since then and the POO is circa $80 v's $35-$40. Apart from that, it's all "irresponsibly" identical!

That trading short must be getting painful, Prof Sir forwood The Unveiled? Did you sell out entirely or just a fixed percentage of your total holding?

[forwood] 09/11/2021 11:41

You will note also, this is almost exactly the time it went into 'breakout territory'.

As for the chart - daily MACD has not yet crossed over to positive but stochastics are very high (meaning chance of topping out). Hourly MACD is looking very positive while others are high. Are we going to do a run to enable a fund raise at a good price? I don't know but it would not be wrong to hold to find out!

[forwood] 09/11/2021 11:38

From experience, it seems to me that 9/10 times, price falls after a fund raise. We had loads of optimism last year and what happened? Price fell. Ok it recovered within 8 days but as history has a habit of repeating itself, I remain cautious.

This is the timeline, with end of day prices:

From end of Oct price was 30 - 32p
11 - 13 Nov price rose 20% to 39 - 40p
17 Nov price began to fall
19 Nov fund raise announced at 31p
20 - 27 Nov price was 32 - 33p
26 Nov new shares admitted/dealing
30 Nov price rose to 38p



Price then fluctuated between 32 -46 until the big disappointment fall. People may hope but I think it would be irresponsible to say: 'it will be different this time.'

[hiddendepths] 09/11/2021 11:38

Yes, OD, could well be about to pop into break-out territory!

[officerdigby] 09/11/2021 11:36

I'm sure not many into the chart stuff but according to chart I'm looking at all the indicators just poised to go positive.So interested to see if the Prof F gets his buying op or not.As said just a probability.