Pantheon Resources Share Discussion Threads

[scot126] 01/2/2022 08:08

Prolapse - 88E is completely divorced from all accepted fundamental metrics. At this point it is a gigantic game of pass the parcel where, I imagine, traders like you will profit off the naivety and ignorance of the US OTC casino punters. That's not for me.

A suggestion for you, Prolapse. You're a busted flush on ADVFN. Fact. We all know it. Hell, even you know it. Why you waste your time writing content on this forum is your business. I suggest you'd have far greater impact on Twitter, tagging in the $EEENF Army.

[chris0805] 01/2/2022 08:08

https://clients3.weblink.com.au/pdf/88E/02358090.pdfMay help you WesTx :-)GLAC

[sirmark] 01/2/2022 07:23

Last year alone, massive impairment charges saw Big Oil's proven reserves drop by 13 billion boe, good for ~15% of its stock levels in the ground. Rystad now says that the remaining reserves are set to run out in less than 15 years unless Big Oil makes more commercial discoveries quickly.https://oilprice.com/Energy/Energy-General/US-Oil-Stocks-Are-Seriously-Undervalued-Right-Now.html

[pro_s2009] 01/2/2022 06:54

19% rise for 88E in Australia today, the old "88E pumping machine" is working well. Could see another 100% rise from here before any results from drilling come in for 88E.

scot needs to get PANR to employ the same marketing guys as 88E have 😂😂

[westx] 01/2/2022 05:49

Wish I could locate the 88 sample photos posted last year. I remember being underwhelmed by the cuts and fluorescence.

[pro_s2009] 01/2/2022 01:01

For Talitha, the SMD testing is the zone of utmost importance. Its ramifications for the SMD, which appears to go all the way to Alkaid and be a massive reservoir, are the most signifcant test at Talitha.

Good detail in the WHI Oct-21 write up in the link below :



Sadly, its also the last zone to be tested. So we have to test the BFF and SFS first at Talitha, and both of these tests are purely looking for high quality oil that is moveable. No flow rates.....just proving good high quality oil that may be recovered at better locations (like Theta West which is the big BFF test).

[pro_s2009] 01/2/2022 00:42

Dont complain over 88E. I put my vastly reduced ADV punt money straight into 88E (and its sat on a nice gain already) and bopefully 88E will recover all the ADV percentage loss back. Just remember with 88E, dont sell too early and dont sell too late.......its all about bailing out at the sweet spot, which is always higher than most people think and lower than most people dream.

[scot126] 31/1/2022 22:59

Question. Is 88E's mkt cap going to be higher than PANR's *before* 88E receives its controversial permit to drill in the federally controlled NPRA? Or will it have a larger mkt cap than PANR's *after* they receive their permit?

88E's Merlin-2 is targeting c.650mmbo with a 56% geological CoS. The development risk at Merlin is far higher (ie. far lower development CoS) due to its hugely isolated location. It's located approx 97 miles from TAPS.

PANR's drilling and testing programme is targeting 17bbo OIP and 2.2bbo recoverable resource. PANR's geological CoS is 100% and development CoS is "between 60% and 70%".

It is a mathematical aberration on a truly monumental scale which sees the two mkt caps so close together.

The self-styled 88E Army may be tagged using $EEENF. As Delia shouted, Braveheart style, "Where are you? Let's be havin' you!"

88E was the most active or most searched for stock in the US OTC markets today. it happened last year and it's happening again.

Time for the 88E Army to hear some *facts* and for PANR shareholders to accept social media is now part of the game? And by "game" I mean communication strategy. There's no need to lie or gild the lily when debating PANR's investment case and comparative valuation v's 88E's.

[johnswan193] 31/1/2022 15:03

Well even in the conservative case I think most on here would agree if we could prove up 2bn recoverable we'll probably be looking at a market cap (or sale) in excess of $6bn.

[rabito79] 31/1/2022 14:57

Agreed Johnswan, however conversely it likely means that in the future it could be valued at much more. As the final payment will be more reflective of valuation in the success case and will also likely include upside for the Farminee, as reflected in Darcon's summary on his guild post.

[johnswan193] 31/1/2022 14:50

People taking the farm out discussion out of context. It does not mean another party is valuing a <50% stake in Panr at $1bn+.

It was a three stage plan where continued investment would have been done only if success milestones were reached. And we already know that success with such milestones would likely result in an increased share price

There was absolutely nothing surprising or impressive to me about the comments that were made. In order to even have a view one would need to know how much investment for what stake at each stage and what are the milestones.

[brian boru] 31/1/2022 13:26

summary from Conor Maguire


PANR

Pantheon produced an operations update and hosted an almost 2 hour shareholder webinar discussion last Monday. Regarding the operational update, management confirmed that testing has commenced at the Talitha #A well (est. 1 billion+ BO recoverable) and drilling has commenced at the Theta West #1 well (est. 1.4 billion BO recoverable, of est. 12 billion BO in place). The webinar itself was very detailed as usual, with perhaps the most notable takeaway being the following statement by Justin Hondris regarding the recent farm out discussions:

… we were working on a structure where the party would earn a very small percentage working interest and they would have the opportunity to, by spending significantly larger investments, to gross that up over three stages to what would have been a 10 digit investment in our company for quite a modest percentage.

-------------


Upon successfully proving the assets through the current drilling and testing programme, I expect the baseline value for a farm out deal will increase considerably. Alternatively, an outright sale to a major will catalyse the value of PANR’s enormous oil resource.

[dhb368] 31/1/2022 11:47

ITTB, cannot see any large trades?
Perhaps if you specified the actual trade price/qty before it prints people would believe you.

SIRMARK, #21760, I really do not think that Justin was talking about Farallon. I think that comment was in relation to the CB holders equity.

[dav1d02] 31/1/2022 11:16

Hang on, what? Posters are arguing about whether or not the share price will hover around 78p?
JFC gimme a spell please.

[chris0805] 31/1/2022 10:05

The CB runs for 5 years so if you are right... save you time & end of your finger giving over the buy button, come back in 5 years to get your 78p... GLA C

[chris0805] 31/1/2022 09:37

Can argue all day long about gravitational pul, magnetic attraction & / or cap, re the 78pRocket boost comments I had thought were the reserve of the EEENF Reddit brigade, I think there are EEENF of them there & that is where rocket boost comments belong. This is Pantheon, PANR or PTHRF....

[winner66] 31/1/2022 09:31

NGMS . It must be difficult being you , the negativity of your mindset . A real shame as the glass half full provides more liquid !

[sirmark] 31/1/2022 09:29

I agree, Level2 supports that :)


Also from the webinar did anyone else pick up on Justin's comments,

1:45 he address's the Farallon selling, he notes in brackets "most of there stock appears to have gone" in the absence of any TR1's are we to conclude from this (which is my opinion) the the stock appears to have gone and I wonder if our potential farm'ee partners took this stock to keep some exposure to the upcoming drills? it's worthy of thought... or has the stock remained with Farallon which would go against their history, but they have also been very punctual with there TR1's ...just some debate whilst we await the big news.

[ngms27] 31/1/2022 09:23

The CB effect in play again. That gravitational pull to 78p is large. It's going to take some good news to put a rocket booster under the share price and achieve escape velocity.

[winner66] 31/1/2022 09:18

SirMark I completely agree , but try buying a sizeable sum currently and you won’t be able to . This small window is about to shut in my opinion.