Pantheon Resources Share Discussion Threads

[bit coin] 21/12/2021 08:02

Agreed winner and so do the BOD who say;

In Alaska, Pantheon has discovered resources in conventional reservoirs with multi-billion-barrels of resource potential. These discoveries are in multiple accumulations in a unique geographic location adjoining the export and transport infrastructure significantly enhancing commercial potential with minimal impact on the environment. Pantheon’s primary assets include two major oil appraisal and development projects named Greater Alkaid and Talitha which have both been drilled and proven oil bearing. There is also a host of other high impact exploration opportunities currently being matured

[winner66] 21/12/2021 07:58

Well today is certainly going to be an up day . By how much is anyone’s guess. Fears of Covid related economic meltdown subsiding , oil price recovering , index futures all pointing higher . But most importantly we are way way below the share price we should be at and will be at in the coming weeks. Have a good day all

[mlf51] 20/12/2021 18:58

It'll be like a fiddlers elbow for a few weeks until we get to the meaty bit.

[sirmark] 20/12/2021 18:33

500,000 trade at 73p didn't help (now showing) and a few other meaty trades on a relatively thin volume day.Let's see the nice bounce tomorrow!

[bobbiedazzler] 20/12/2021 16:23

Some investors can't their heads round a no-revenue play...unfortunate

[bobbiedazzler] 20/12/2021 16:22

Brent off nearly $4 and below $70 now....that's why PANR is weaker.

[winner66] 20/12/2021 16:12

There is very little resistance to price falls currently. There are certainly what I would describe as sophisticated investors that do not understand the last cancoord note . Same question. Why would you be a fraction as positive as the management team when it’s the management team that are paying for the note . With Panr now ? Given everything known , there should be far less conjecture and far more fact from those retained especially. Do they actually understand the vast potential that exists ? Great at raising money and taking huge fees , very poor at providing information that is comprehensive and widely understood. Found myself explaining certain facts to a couple of people that were thinking value point now is fair so what’s the point in buying . So I guess there must be many more feeling the same

[sirmark] 20/12/2021 16:12

Very quiet considering we're down 8% Personally expected a little drop today as pi's draw draw some Christmas Funds but expect a large bounce shortly as we progress to Talitha

[ngms27] 20/12/2021 12:40

I'll do it for 5 bitcoins.

Please send to my Nigerian Wallet, blockchain: 1whdjrgdnrhy#dhecna,0ajeodnshtbyocnsyahfnsysbsnsnnahshsufsmcyqadptms100pbyFebruary

[astralvision] 20/12/2021 12:15

I'm a dummy on all things crypto sirmark, but I think 10 bitcoins is a lot of dosh!Would be better off buying more PANR!

[sirmark] 20/12/2021 12:06

Crypto for entry please send me 10 bitcoins :)

[astralvision] 20/12/2021 11:30

Hi guys /ScotI note a guild thread has been set up for PANR.No idea how it works, by invitation and have to pay something in crypto currency?If I could join, great, if not, no problems.

[westx] 20/12/2021 07:43

Hi JustGenerally each zone will test independently based on porosity, permeability, GOR and pressure.

[winner66] 20/12/2021 06:52

The pre market futures are looking hideous over concerns from the Covid spread . Be an interesting test for us price wise . The macro landscape is panic , is our incredible potential and micro circumstance going to make us immune from today’s imminent carnage I wonder .

[just one more try] 20/12/2021 01:03

If one of the zone flow oil, does this increase the probability of the other higher zones flowing too.

Conversely, if the initial zone does not flow oil, does that change the probability that the further zones will not flow.

Comments please?

[johnswan193] 19/12/2021 23:28

Thanks Rabito.

[rabito79] 19/12/2021 23:06

Johnswan, I have said before that the Talitha well may not be ideally based for both these reservoirs so success could well be caveated and we may see market volatility if we don't get headline numbers.It was similar with Alkaid where some people were critical of the flow rate, which if not considered against the small interval tested looked poor. However LKA's independent modelling suggests this is not the case and much higher rates can be achieved the fracced horizontals.On SMD I believe they discussed how they may have gone too far and never seen the improved reservoir quality expected. They have also stated how the cleaner data set from Talitha 1 should help improve targeting this going forward. I thought it was great that Roger Young clearly explained the reasoning behind how he got it wrong for certain sands in the SMD.On SFS the Talitha well was never going to be well positioned for these sands but it looks like the core data was better than the logs suggested. I believe the SFS will be better targeted in what the call the funnel. I note in a recent Petroleum news article they were more bullish on the SFS.Kuparuk may need to be targeted on its own. Given the difference in wettability it may be too complex to couple this with the shallower reservoirs going forward.

[johnswan193] 19/12/2021 22:19

Rabito, or any others, curious about what you think about the SFS and attributing a high COS to 300m recoverable.

Firstly, what did they see in the preliminary analysis in Feb that led them to believe that it was not worth testing this zone at Talitha, before third party analysis later suggested it was. I’m particularly interested in what led them to the preliminary analysis, as it seemed they were disappointed with both the SMD and the SFS in that Feb announcement.

The SFS was not featured prominently in the Aug webinar, nor have they released the resource update on this zone so I’m keen to find out more about it given it will follow immediately after the BFF testing. Anybody know where the optimal location is for this zone (I understand it would not be targeted at TW), and would the Kuparuk be viable for a second attempt from wherever that location is (subject to a promising test result)?

Feb-21

1. Shelf Margin Deltaic
As predicted, Talitha #A encountered the SMD approximately 600 ft up dip from the zone as seen in the analogous Pipeline State #1 ("PS#1") well, four miles to the east. The PS#1 well was not tested when drilled in 1988 due to economic and other commercial factors at the time, however based upon core analysis and mudlogging it is believed that the SMD would likely be a commercial reservoir in that well.

In Talitha #A, the gross oil bearing reservoir interval encountered at 6,500 ft, was in line with predrill expectations for thickness, featuring 155 ft of interbedded sand and shale, which is positive, however does not indicate an improvement to that of the PS#1 well.

2. Slope Fan
Lying immediately beneath the SMD zone is the Slope Fan system at 7,830 ft to 8,050 ft. Talitha #A encountered interbedded, oil bearing sands and shales that will be assessed in more detail with the modern logs that have been obtained across this interval. The Slope Fan was classified as a secondary target in this well due to its suboptimal location on the structure, with the principal objective being to gather data to assess the Slope Fan across the Company's acreage. The Slope Fan at Talitha #A encountered oil which has positive ramifications for the Company's broader acreage position, however based upon preliminary analysis we do not plan to test this zone at this location.

Mar-21

Recent third party analysis of the electric logs and other data has upgraded the number of significant oil bearing zones from four to five, with the addition of a highly prospective zone within the Slope Fan System.

[scot126] 19/12/2021 22:03

Spot on, Bobbiedazzler.

As previously posted I do have sympathy for the Canaccord analyst, Charlie Sharp. You describe his situation very well indeed.

The main issue I have with this, how can I describe it, ultra-*guarded* approach towards the headline TP or fair value part of his research is that some folk in the market won't take the time to read the caveats and the nuances contained within his full model. Someone doing a quick search will see "Canaccord, Spec Buy, TP 200p" when, I argue, the more *appropriate* figures to be examining as we enter a period of company-defining news are the total risked/unrisked numbers (before any resource or RF upgrades, remember) in order to more accurately calculate the downside *and* total upside risk of this season's potential newsflow.

IMHO, folk need to realise what delineating the largest or second largest oilfield in American history and labelling it commercial would look like. Such a scenario would amount to news worthy of the front page of the WSJ and FT (and maybe even Kay Cashman's Petroleum News providing 88E's Erik Opstad doesn't have anything to say about 88E that week!!). If, and I repeat if, Talitha and/or Theta West come in, the share price will see 200p in the rear view mirror in a New York minute. It is this lack of appreciation of the mathematical *potential* upside which supports my contention the market is not anywhere close to pricing the upside risk correctly or even within historical sector norms.

[probabilityofsuccess] 19/12/2021 21:29

Thanks Rabito, that’s a great example of explaining your view with underpinning ‘evidence̵7;

Hi johnswan - Absolutely understand spangle’s point. For me, it is not so much the relevance of the fact that it is an ‘expert’ saying something, but more that individuals (irrespective of expertise) put forward a case by actively sharing their informed view using facts, evidence, insight, to the best of their knowledge and experience such that it can be peer reviewed. Having said that, much of the work that the ‘experts’; have produced outside of their work with Pantheon is in the public domain and can be reviewed - much of the insight on this thread (outside of those with o&g or market experience who I understand are aware of each other’s work), cannot be corroborated, because we don’t know who each other is or the apparent investing success based on purported “beliefs”; or “experience221;.

The other side of the ‘informed insight’ coin is 1) either just arguing against something because one can, or 2) making a case without underpinning it with anything other than “it’s what I believe” or “I’ve been an investor for years”. Neither of those help me better understand, or provide me the opportunity to rationally challenge and become more informed. Not saying there’s no value attributable to it…..but if that’s the basis of your investment for example, and you are using that argument to underpin what you say, it would be great to provide evidence that your belief in an investment and the return on your investment are positively correlated - if you were able to do that, it would be so much more powerful wouldn’t it?!

I was once canvassed by a political party at my front door. I said I’d happily listen to them as long as they put forward their views and policies without reference to other parties i.e. tell me what they believe, why they believed it and how those beliefs/policies would be implemented, instead of them basing their argument for voting for them as “look how bad the other parties are”. Suffice to say, when challenged to make their own case, independent of others, as opposed to pointing out the flaws of others, they struggled!

General thought - If you are a poster who wishes to share their views on the investment case, with reference to other poster’s views, first it would be useful for other readers if you imagine no one else had ever posted on this thread, in putting forward the case for pantheon. If that were the case, what data/insight/experience are you going to reference in your post, to underpin your case?

[bobbiedazzler] 19/12/2021 21:17

I agree that $1 a barrel is baseless. It's the call of an analyst who will not gain anything by being right, given that he is already more optimistic than any other analyst in the space. He is already on the most optimistic side. For investors, though, PANR is still a vast opportunity