Share Name Share Symbol Market Type Share ISIN Share Description
Pantheon Resources Plc LSE:PANR London Ordinary Share GB00B125SX82 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  7.45 8.66% 93.50 4,971,437 16:35:21
Bid Price Offer Price High Price Low Price Open Price
93.50 93.75 94.35 87.00 87.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.09 -21.71 -3.39 708
Last Trade Time Trade Type Trade Size Trade Price Currency
17:09:14 O 5,000 93.50 GBX

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Trade Time Trade Price Trade Size Trade Value Trade Type
2022-06-24 16:09:1493.505,0004,675.00O
2022-06-24 15:51:2893.502,9732,779.76O
2022-06-24 15:51:2793.502,9732,779.76O
2022-06-24 15:47:0291.6015,71914,398.45O
2022-06-24 15:47:0291.6015,71914,398.45O
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Pantheon Resources Daily Update: Pantheon Resources Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker PANR. The last closing price for Pantheon Resources was 86.05p.
Pantheon Resources Plc has a 4 week average price of 85p and a 12 week average price of 85p.
The 1 year high share price is 152.80p while the 1 year low share price is currently 33p.
There are currently 756,824,531 shares in issue and the average daily traded volume is 3,078,802 shares. The market capitalisation of Pantheon Resources Plc is £707,630,936.49.
neil9327b: Re "Hopefully they drill Alkaid-2, it works, then drill Alkaid-3 and get production up. Forget any Theta West 2 for now" That might be a good idea. Drilling Alkaid is cheaper and quicker than Theta West, I think, because it is closer to the highway. Therefore focusing on that will allow the company to compound up revenue faster, leading to a more rapid growth in the share price. That is not to say that the end share price will be any higher, just that it will be higher, earlier, on the way up.
pro_s2009: Got the call wrong in April with this article. If he wrote it now he could title...its going to TRIPLE and I am filling my boots - instead of its going to double and I am buying more........ Why the Pantheon Resources (LON:PANR) share price may soon double to 280p This a company that could be sitting on vast oil reserves. With production potentially imminent, I think the Pantheon Resources share price could soon fly. Posted by Andrew Woods Published 27 April, 4:48 pm BST Pantheon Resources (LSE:PANR) is an oil exploration firm operating in the US state of Alaska. Listed on the FTSE AIM index, it is pursuing a number of exciting projects. A glance at its financial information yields little for analytical purposes, owing to its status as an exploration business. But it has had several successful drilling projects. I bought at a much lower Pantheon Resources share price, but should I add more shares soon? It currently trades at 141.9p. Let’s take a closer look. Recent activities The company has been working for an extended period to advance its drilling operations at its Talitha and Theta West wells. Yesterday, the leadership team hosted a webinar to update investors on winter drilling activity in the area. It contained a number of interesting revelations. Although the winter operations were disrupted on a few occasions because of weather-related shutdowns, successful drilling activities have resulted in meaningful increases to previous resource estimates, roughly twofold growth. Resource estimates and the PANR share price The ‘resources estimates of proven reservoirs’ figure tells us that there are around 23.5bn barrels of oil in place. Even with a 10% recoverability rate, which is probably conservative, the firm will likely extract around 2.3bn barrels of oil. In fact, this number could be two or three times higher. As a current shareholder, this fills me with confidence and excitement, because it will provide revenue for the business to grow. It is also possible that oil production could begin in October, meaning that physical sales could commence quickly. This positive activity led broker Canaccord to increase its target price for the company from 250p to 280p. At current levels, this would mean the PANR share price doubling. Given the large amount of oil potential going into production, I think this share price movement could materialise. It is always worth noting, however, that actual oil reserves may differ from estimates and recoverability may not be in line with expectations when the time comes to produce. This is in the nature of any exploration endeavour. Recent financial results Elsewhere, the firm reported a loss of $4.4m for the six months ended 31 December 2021. This was larger than for the same period in 2020, when losses were $3m. Widening losses aren’t particularly surprising for an exploration company, especially given the fact that the areas of exploration look prosperous. The company also has a strong cash position. At the end of the period, it had a balance of $92.7m. This was an increase from $29.8m the previous year. Overall, the recent increases in estimates are very exciting and, if recovered efficiently, could provide vast oil resources to sell into the market. I think the Pantheon Resources share price could soar on the back of these developments and I will be buying more shares soon.
pro_s2009: Dont worry, its a journey, not a sprint. June will be weak........and so will July.........but then :) :) :) The old adage, Be greedy when others a fearful. Be fearful when others are greedy. Now is the time to fill yer boots. Whats your prediction for the share price in October 2022 then gozo ? Make a statement - what do you think the share price will be ?
pro_s2009: ANS stays above $120 New China COVID-19 lockdowns and Fed rate hike pare benchmark prices Steve Sutherlin Petroleum News Alaska North Slope Crude closed at $127.77 per barrel June 8, but then joined West Texas Intermediate and Brent in a week-long slide after the city of Shanghai reinstated restrictions on movement to quarantine the spread of new COVID-19 cases, sparking uncertainty over fuel demand recovery in China. The Chinese financial and industrial center of more than 25 million residents had just celebrated an easing of lockdowns at the beginning of June. “Crude futures are also in an overbought condition and a corrective phase is definitely due,” Dennis Kissler, BOK Financial senior vice president of trading told Bloomberg June 9. “Prices have to take a breather at some time and the new possible COVID issues in China are assisting this morning.” The slide accelerated June 15 as the U.S. Federal Reserve announced a 0.75% interest rate increase to fight inflation, sending ANS $2.24 lower to close at $121.91, as WTI plunged $3.62 to close at $115.31, and Brent slid $2.66 to close at $118.51. The rate hike was the largest since 1994. Along with oil prices, U.S. equity markets fell leading into the Fed announcement. “Inflation can’t go down until it flattens out,” Fed Chairman Jerome Powell said in a press conference, adding that inflation was surging due to various economic factors the Fed cannot control, including the war in Ukraine, COVID-19 lockdowns lifting in China, commodity prices and supply chain disruptions. Powel took special aim at gasoline prices. “All over the world, you are seeing these effects, and we’re seeing them here, gas prices at, you know, all-time highs and things like that,” Powell said. “That’s not something we can do something about.” ANS fell $1.93 June 14 to close at $124.14, while WTI slid $2.00 to close at $118.93, and Brent slid $1.10 to close at $121.17. On June 13, ANS rose 8 cents to close at $126.07, while WTI and Brent each rose 26 cents to close at $120.93 and $122.27, respectively. The week ending June 10 saw oil posting its seventh weekly gain, despite red ink on Thursday and Friday. ANS fell 94 cents June 10 to close at $125.99, as WTI fell 84 cents to close at $120.67, and Brent fell $1.06 to close at $122.01. ANS lost 84 cents to close at $126.93 June 9, while WTI fell 60 cents to close at $121.51, and Brent fell 51 cents to close at $123.07. Falling prices on June 15 were prodded by a drawdown in U.S. commercial crude inventories, which increased by 2.0 million barrels over the week ended June 10, the Energy Information Administration said in figures published the same day. Inventories were 14% below the five-year average for the time of year. Gasoline inventories fell over the period by 0.7 million barrels, 23% below the five-year average for the time of year. Supply shortages loom Along with other oil producers, Russia is currently enjoying a surge in oil export income due to higher prices, but export volumes may plummet later in 2022. The U.S. has outlawed imports of Russian oil and the European Union has agreed to phase in prohibitions this year on seaborne imports of Russian crude. Adding to the obstacles the Russians will face finding buyers, the EU is coordinating with Group of Seven members to ban insurance of Russian oil cargoes. Fitch Ratings believes that redirecting of all Russian oil and products volumes may not be possible due to infrastructural limitations, buyers’ self-restrictions and logistical complications, such as the ban on insuring Russian oil cargoes. Fitch estimates that 2 million barrels per day to 3 million bpd - a quarter of the country’s oil production - may disappear from the global market by end-2022. The EU ban will have a significant impact on global oil trade flows, some 30% of EU’s imports will need replacement from other regions, including the Middle East Africa and the United States, Fitch said, adding that Saudi Arabia and the UAE have sustained production spare capacity of about 2 million bpd and 1 million bpd, respectively. “Russia should be able to redirect some of the displaced volumes into other countries, including India and China, which so far have been increasing Russian oil purchases,” Fitch said. “The use of spare capacity and Russian oil redirection should lessen the pressure on global oil supply in the medium term.” Russia is profiting from oil prices now. “With higher crude oil and product prices globally, Russian oil export revenues are estimated to have increased by $1.7 billion in May to about $20 billion,” the International Energy Agency said June 15 in its monthly oil report. Russian crude exports held steady in May at 5.4 million bpd, but refined product shipments slipped 155,000 bpd compared to April to 2.4 million bpd, the IEA said. A June 15 S&P Global report said industry observers think the EU insurance ban may not stem the flow of Russian oil at sea as providers in other regions will likely fill the breach. “There is talk that there could be some Asian entities, perhaps even Chinese insurance providers, to step in, in the absence of EU providers,” a maritime analyst told S&P Global. The EU insurance ban is a bad idea, the Peterson Institute for International Economics said in a June 9 release. “It is important to allow Russia to sell its oil - albeit at deeply discounted prices - so that global supply and the world market price remain largely unchanged,” the PIIE said, “In that way, Russia suffers, while Europe and the United States do not.” In major episodes of oil supply cuts in the past 50 years, a 1% cut in global supply led to increases in world prices of 7% to 10%, and Russian exports account for 8% of world petroleum production, the PIIE said, adding, “If they were reduced to, say, 5%, this ratio would suggest an increase in the world oil price of 21% to 30%, a substantial and costly increase.”
pro_s2009: Arden comment on oil pricing. Oil price macro picture Oil prices, both WTI and Brent, have been hugely volatile over the last 24+ months. They fell precipitously during the early months of 2020 on a combination of the onset of the coronavirus pandemic and increases in OPEC supplies aimed at damaging the US shale industry. OPEC (as OPEC+, including Russia) then acted to cut production and stabilise the market. Since the oil price nadir in Q2 2020, recovery has been relatively steady, with OPEC+ beginning to steadily bring back supply, and global coronavirus restrictions beginning to be rolled back from late 20202021 then saw ongoing steady oil price appreciation, in part as coronavirus restrictions continued to be reduced, but also as it became apparent that supply was not returning in-line with demand. While investment in 2020 (and to some extent 2021) was deferred, this spoke of a longer trend stretching back to 2015, where global E&P investment had been restricted ever since the period of US$100/bbl oil prices seen in the early 2010’s ended and prices began to decline in late 2014. Increasing global focus on environmental factors and the energy transition, including lower availability of funding for oil and gas, also added to this trend This period of underinvestment has created a structural supply deficit for global oil supplies. In previous years, production levels from US shale have been very responsive to higher oil prices, but concerns over long term project economics and a renewed focus on shareholder returns has meant these companies have not been deploying the CAPEX required for significant new supplies. OPEC+ has been unwilling, or potentially unable, to take up the slack, with high oil prices offering the chance for balance sheet repair after 2020/2021. These themes saw Brent get to around US$90/bbl towards the end of 2021, as Russian troops began massing on the border with Ukraine. The Russian invasion in February 2022 provided further strong impetus to oil prices, with many countries in Europe and also the USA moving to curtail Russian imports, to some extent price irrespective. The de facto reduction in Russian supplies now sees oil prices remaining consistently over US$100/bbl. Going forward, while the forward curves have also moved up, with Brent now showing prices trending down to a long term of over US$70/bbl, and WTI to US$65/bbl, they are still in backwardation, implying that supplies do steadily improve to meet demand as coronavirus restrictions continue to disappear in many countries. Irrespective, we are likely to be in for a strong period of continued high oil prices: helpful for existing producers and also those progressing new projects. .
pro_s2009: I hate to let you in on a secret.but....the Guild, Reddit and Discord do not control the PANR share price. Suffice to say nobody in any of those 3 places said "sell your PANR" at 140p ? or 130p ? or 120p ? or 110p ? So those places are actually making people lose being echo chambers pumping buying PANR at high prices when its now plunging.
darcon: WH Ireland in their morning comment on JOG yesterday stated that they'd changed their "long-term oil price assumption to $100/b (inflated at 1% p.a.) from $75/b (inflated at 1% p.a.)" and also made the following oil market commentary: "Due to the lack of investment in upstream oil & gas projects in a context where, we believe, increasing the supply of oil is a pre-requisite for global economic growth, we foresee a near-term acute energy crisis and significant further strenghening in oil prices. Nevertheless, we recognise the public equity market is applying conservative assumptions to value oil & gas projects; therefore, to accommodate that conservatism, we have assumed a $100 Brent crude oil price for the purposes of valuing [JOG] - $20/b below the current spot price. Most importantly, we believe that oil (and to a lesser extent natural gas and coal) is the lifeblood of the modern economy and that looking forward demand for oil will significantly exceed supply..." WH Ireland in their 25 April 2022 valuation of Pantheon applied a long-term oil price assumption of "$87/b Brent; $77 realised well-head Alaskan price; inflated at 1% from 2023". We're still waiting for WH Ireland to provide a more comprehensive update to their 184p pre-drill valuation as was mentioned in their 25 April 2022 morning comment note to reflect "(i) derisking provided by the winter 21/22 testing/drilling program and ii) the resource upgrade announced today iii) strengthened oil price". Assuming that a $1 change in the oil price leads to an approximate 4p change in their share price valuation then I'd expect to see approximately 50p of value uplift if they use the same oil price assumption as for their note yesterday on JOG before we start even thinking about limbs (i) and (ii).
pro_s2009: Talking of which and what and who...... Anyone noticed scotty is back to being a "black" poster and not a "blue" anymore..... Must have had his wings clipped for the fall in the PANR share price........never mind, its going up soon........ 175p target scotty !!! September...... 175p.
chris0805: If your post is a response to my previous post stating the viewpoint I have on Pro_S2009, you are flawed in thinking that I want the share price to fall. I point out Pro_S2009 as not to be trusted because that is the case. If you are not sure on the matter... read all of his past posts... Like most posters on here, I would like to see the share price rise. I believe that the management are sincere in their internal assessment of the prospects ahead, backed up by the years of experience they have in Alaska, along with their trusted independent associates at eSeis and Baker Hughes VAS. For clarity I have been long on PANR for a long time & will remain so.
darcon: Mokko posted an interesting analysis on Twitter of Pantheon share price catalysts at the beginning of May: HTTPS:// The following reddit post by CarlosVegan on the Pantheon section of the Reddit forum examined the forthcoming share price catalysts: HTTPS://
Pantheon Resources share price data is direct from the London Stock Exchange
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