Pantheon Resources Share Discussion Threads

[itwillallcomegood] 15/3/2022 09:58

I'm in again too. 105.36. Should start to climb soon.

[gorgeousgeorge01] 15/3/2022 09:52

Well, I'm in again. Will I ever learn?

[dhb368] 15/3/2022 09:46

Only 1.2M traded so far Forwood. Not exactly an exodus.

Don't really understand why we are so low today, but presumably today is the first day that the bondholder has been able to sell for a while and I would imagine that a few stops got taken out first thing.

[wee jimmy] 15/3/2022 09:44

Low volume. Many commodity stocks off today. Somewhat of a vacuum ahead of news so let’s not panic Forwood. Let’s remember the $100 million plus spent on seismic plus the hard work put in by the BOD and highly skilled third party specialists.

[sirmark] 15/3/2022 09:43

Level 2 has finally turned it wasn't absorbing the sells well this morning as the bid was quite thin, worth noting the markets across the board are also down and coupled with oil coming off by 5% it's not a massive surprise and if you compare our chart with oil from the highs we have pretty much followed it down (although we certainly didn't follow it up to the same degree)

So back to PANR nothing has changed we are now at a huge discount to our £1.45 share price and any sitting on the side-lines thinking they had missed the boat you could argue and say here's your in and at a much less risk than before.

GL all I expect this is the last 4/5 sessions till news IMO..and possible life changing news.

[redhill9] 15/3/2022 09:42

Thanks Probabilityofsuccess and Chris0805, exchange rate is the answer – obvious now you mention it as the bond repayments and interest are both denominated in US$ but the conversion share price is in £. My suspicion I was being thick proved to be right.

[sandcrab2] 15/3/2022 09:42

Weakness in oil price
Apparently also hedge funds have reduced their longs to rebalance

[forwood] 15/3/2022 09:33

Are we sure that this drop is simply bondholders selling stock? It is remarkably close to the 104 low following the Talitha 'mishap'

[pro_s2009] 15/3/2022 08:27

I would say Monday 21st earliest for the lower zone.

Should be some news at some time next week.

[sandcrab2] 15/3/2022 08:23

That is certainly Marmaris’ opinion

[brian boru] 15/3/2022 08:19

Temp is currently -30c on the north slope so plenty of time to test both upper and lower zones at TW.My guess is that we get the first result approx ten days after testing commenced so fingers xxxxxxx'd later this week?

[cezuan] 15/3/2022 08:12

I agree, sirmark, the dilution/debt should have been "priced in" by the drop from Nov to Jan that immediately followed the financing notice.

[sirmark] 15/3/2022 08:08

It’s just paying down debt, it’s basically a zero sum game off the balance sheet into shares.

Now we have paid back nearly $5mln ….. without the bond monies we wouldn’t be where we are now with 3 possibly 4 drills turning in 2022 as apposed to 1 last season.

Possibly 1.4-2.2bln barrels off recoverable excellent grade oil, in a safe haven and with oil over $100 a barrel ....am I missing something???

[ngms27] 15/3/2022 07:58

Dilution is never nice.

[chris0805] 15/3/2022 07:57

Indeed... seems to work out to ~83p??? Or have I missed something??

[soggy] 15/3/2022 07:54

I take it everybody has read the RNS about the issue of new equity: 3,080,798. Not too deadly, and that's it over for this quarter so let the good times roll!

[bobbiedazzler] 14/3/2022 23:49

Thanks. Really helpful

[just one more try] 14/3/2022 23:18

I have 20K more.....

[sogoesit] 14/3/2022 22:23

Unitization is the key word you are looking for, post 24229.

Section 31-05-110 of the Alaska Oil & Gas Conservation Act applies.



If a reservoir (pool) extends into unleased acreage it would likely be the case that the discoverer would apply to lease any contiguous acreage that contains part of the discovered pool unless there is “blue water” between any mapped structures/pools.

In general Unitization is arrived at through a process of negotiation between pool owners.

[flangold] 14/3/2022 21:09

Whoever pumps it out the ground first gets the spoils.

[bobbiedazzler] 14/3/2022 20:04

Any oil lawyers here? What happens in Alaska if the BFF or SMD extends into unleased acreage? Does the state take a share of the reservoir? And how does the split work if another leaseholder - like 88e - owns leases where the reservoir extends?

[chris0805] 14/3/2022 18:43

That was also my understanding.. 78p each conversion... Hence the stories of the much maligned 78p cap.... That line in the RNS is somewhat confusing in this case.. the only variable should be the USD > GBP forex rate??

[scot126] 14/3/2022 18:42

Plus, redhill9, there was always the theoretical possibility the share price could have dropped to, say, 1p today if a nuclear bomb was dropped in Deadhorse. Advisors *always* tell corporates to wait until the maths is definitive so it doesn't have to be corrected or re-stated. NOMADs *hate* re-stating an RNS to incorporate a factual correction. Rightly or wrongly, they see it as a professional and personal failure. Would that....lol.