Pantheon Resources Share Discussion Threads

[padamster] 26/1/2022 18:39

The swan, NGMS and intothewild (can’t remember the full names) - from my perspective you post according to your motives. I personally don’t believe any of you are holding stock hoping it would go up. The idea of posting comments (that if were true) ie the fictitious constant posting of the 78p ceiling are completely not something anyone would do if they want the share to go up. You only need to read the rns of funding and has nothing to do with 78p ceiling but sadly some people believe these false comments

[johnswan193] 26/1/2022 18:11

Good fun here all round today, a lot of the posts made me laugh.

As a shareholder there’s nothing that pleases me more than to see the share price go up (but I will always call it as I see it). I’m in now until at least after the first results are in, and then it will likely be a case of buy more or sell. Doubt I will sell if the first results disappoint, but possible I might consider it in the event that the market views whatever the news is more positively than I do (though I think this is unlikely as I expect the market will be hard to please).

Come on then, how long before we get the first result? If they do perform a pre-frac test and it’s good enough to stand on its own, will they release that to the market? In which case the news *could* come sooner than expected. Could any of the experts here comment on how long it might take between pre-testing and then doing the triple frac and testing again?

Good luck to all, very exciting times.

[sirmark] 26/1/2022 17:51

Cheesman you wont have to worry about me selling (too small to make a dent, maybe on the hourly charts lol), my strategy is aligned with the boards, prove up and sell up... I'm here till the end whatever that ends up being :)

[ottoman1453] 26/1/2022 17:04

Thank you Swendab1Now all I need is the intelligence to find it!!

[hiddendepths] 26/1/2022 17:04

If scot was in the team negotiating the farm-out, I have no doubt that all the potential farminees would have walked away months ago.....

[ottoman1453] 26/1/2022 17:00

'Generations of vigorous inbreeding' - wonderful stuff Scot and had me in belly laughs!

[cezuan] 26/1/2022 16:50

@Scot or @anyone who has been holding PANR for a while. What prices do you roughly expect shortly upon drilling success?
I'd say 120-150p.

[rideacockhorse] 26/1/2022 16:39

It's no longer a 'cap' dhb. After such a strong day sailing past 78p we're now told it's a 'magnet'. Tomorrow it will be something else. POO nosed above 90 just now. Good stuff. I get the feeling that if ever johnswan, ngms or that other character were to trace their ancestry they would discover they are distant relations of King Canute, another who was asked to hold back the tide but failed.

[ottoman1453] 26/1/2022 16:33

That is much appreciated Swendab, looking forward as this LTH of Pantheon Resources does to gaining admission to the Guild, while acquiring sufficient technical skills to make the transition, which have this far eluded him.Exciting times ahead for us!

[dhb368] 26/1/2022 16:33

Oh dear.

In case anyone missed it, a strong finish.

Perhaps the cap no longer fits..

[johnswan193] 26/1/2022 16:04

Scot, very petty, which is not surprising from you:

"The only thing that breaks through 78p and manages a sustained run above that level is an RNS confirming flow test results have exceeded expectations. A webinar providing a detailed overview of upcoming operations, though useful, will not do it in the absence of something new and materially positive."

- We are at 80p, would you call that a sustained run above 78p? I wouldn't.

"And what is success, a >80p share price after this years operations have been complete?"

- This was a Q put to Jonny when he made a comment about COS.

"Scot - I never said it had anything to do with what the CB holder would do, but it would have an impact on the share price because of the uncertainty it brings for market participants. Which is exactly what has happened. Plus all the other issues I already flagged previously (incl. Farallon). I called it, it played out exactly as expected, and here you are saying I have a battered ego? You were the one saying there was no such cap. Bizarre."

- Again nothing wrong here. You started all the cap talk, not me. I made it clear from my first post on the "effect". The share price may move above 78p but would likely be pulled back down in the absence of something new and substantially material.

"The way Scot is going on one might expect HE is the one looking to ramp the share price and derisk ahead of results. To me the short term share price and the cap doesn't matter. Either results are bad and value is annihilated or results are good and the 78p effect no longer exists (and even if it tries to put the brakes on a rise it would represent an excellent but brief cheap top up opportunity)."

- Yes, I hold this view. I genuinely believe you were and still are hoping to derisk at higher levels pre results. Rather than get into whether it should be called a cap or not, my point was that it is a short term thing and won't matter for long.

- Overall, the term cap has clearly been misinterpreted on here, which is why I never used it when I first mentioned it and referred to it as an effect. 78p should not be seen the same as a resistance point on a chart as share price often bounces off a resistance point (i.e. new support) once broken through, whereas in this case there is no reason why 78p would act as a support point.

[scot126] 26/1/2022 16:00

Dear All - Telemachus gave express permission to copy'n'paste the content below. He was quick to reinforce the message it would not be a regular occurrence. He has stated his personal focus on ADVFN will be on the Guild.


"Following on from the webinar - loads of great information. The attached model allows people to build their own estimates of what these assets may be worth and certainly repays the effort of working out how to drive it.



The key information from my perspective is that the webinar gave us great guidance on what flow rates will be economically viable based on $12-15 million per well. Once Pantheon has logistics optimized (particularly local sand supply), this is a reasonable estimate. Furthermore, the cost of processing facilities for the “Near Dalton Highway” resources need not be more than $200 million - much of which could be converted to leased facilities (remember the MAPS units described in an earlier webinar). On the basis of 25 frac stages in a long reach lateral, initial flow rates of 1,500 bopd (annualized to 1,200 bopd) will be required and, in my assessment, are achievable. The guidance on the vertical flow test in the SMD-B falls into this range when extrapolated to a horizontal production well. The Alkaid result from 2019 also falls into this range.

Some have expressed disappointment that no similar guidance was given for the BFF or the SFS zones. I have previously said that any kind of stabilized flow from the BFF would be a great result. Similarly the SFS - although I am secretly hoping for 100 bopd here. The investment thesis will be enhanced by any demonstration of moveable oil in these sub-optimally located penetrations. (NB the BFF in Theta West will need to flow at more than 100 bopd in the vertical well test for the BFF project to stand up economically)

The one I am most excited by in terms of the Talitha testing program is the SMD-B. I expect we will see stabilized flow in excess of 100 bopd and this would translate to production well outcomes in the required range. In summary, aggregate flows of 200 bopd from the testing program (ie adding all zones together) bodes well for the summer Alkaid lateral. It will underpin expectations of 1,200 - 1,500 bopd from Alkaid #2 and the conversion of contingent resources into reserves during 2022. It would certainly support a NPV to Pantheon of some $4 billion and a potential disposal in the $2.5-$3 billion range. However, we would be looking for a good deal more than this when including a successful Theta West test outcome!" - Telemachus (26/1/22)


Mr Darcon is a regular contributor on the Guild also, fyi. Any questions about the mechanics of joining the Guild, swendab1 is your man.

[madd_rip] 26/1/2022 15:53

It's not NGMS, it's Marvin, the paranoid android.

[yoghurt73] 26/1/2022 15:52

get a room boys