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14.26
I think a lot of what you say is lost on me, but not through any lack of understanding.
'So Scot, you claim to be a fundamentals invester, you claim to be invested here, and you claim that you don't know how this winter is going to be funded (surely the most fundamental issue for PANR?).'
This is your quote I was referring to regards your point on the fundamentals piece. My point is you can be a fundamental investor and not know which funding option will be taken. You can assess the likelihood of funding being achieved (as you have done for 88e's flow test) and in my opinion it is high for Pantheon but of course I could be wrong.
They have told you, via farmout or another alternative. If you don’t like the answer and don’t want to invest then fair enough, but that is the answer.
Pantheon have stated that some negotiations are ‘advanced’ previously and the other options will include placing.
As for ‘spouting rubbish’ I try and back up all my posts with data where available. Can you confirm where it was stated 88e had ‘negotiations ongoing’ for a farm out as per your previous post?
"Furthermore it seems strange to ask a question to someone you have stated you have filtered."
I happened to be viewing without being logged in and realised he was misquoting me.
Feel free to spout any rubbish you want here, but if you misquote me in order to back up your rubbish I reserve the right to defend myself
"I think your initial point surrounded a misunderstanding that you need to know everything to be a fundamental investor, which you don’t "
No, that's not the point I'm trying to make. The point I'm trying to make is this: - Why should anyone invest in a company that can't even tell me how they are going to fund the next three months?
Scot constantly comes here bleating about how much better the investment case is over there, my point is that right now it's not!
I think your initial point surrounded a misunderstanding that you need to know everything to be a fundamental investor, which you don’t
The exact same question can be applied to Yukon, Icewine Central leases and indeed Merlin 2 flow tests. Hopefully for both 88e holders and Pantheon holders they manage to get secure funding, I am confident they will.
Furthermore it seems strange to ask a question to someone you have stated you have filtered.
.....bit of a dumb question then?
My point was clarly lost on you, I'll not bother attempting to simplify
13.35
"Nobody can answer my question"
.....bit of a dumb question then?
13.35 - Or maybe an overdraft ;-)
"CSW, in fairness Scot has answered your question in that it will be funded either through farmout or placing. "
No, he has not. Nobody can answer my question because the BOD still haven't secured a solution, and it's almost Deceber...
CSW, in fairness Scot has answered your question in that it will be funded either through farmout or placing. The recent loan in my opinion would suggest that a farm out may be more likely with the assumption being that the loan is to allow final negotiations to be completed.
While most people on this board may not be invested in PANR, their investment here is directly linked to Pantheon through the 'potential' extension of Talitha plays onto 88e acreage.
Indeed given that 88e's own number suggest that failure is the most likely outcome from Merlin 2 with a 34% COS (56% geological x 60% commercial) in one of the layers. It may be that the Talitha extensions should be given more consideration by 88e holders and future investors.
Given NPVs at Talitha could be double that at Peregrine (based on broker estimates) and the COS (based on Bob Rosenthal comments) is nearly double as well, every barrel in the Talitha extensions in the central leases could be 3-4 fold that in Merlin 2. Therefore 88e only need 100MMBO of resource to be identified in the upcoming resource estimates for the Talitha flow tests to have an equal impact on 88e's immediate future when compared to Merlin 2 (targeting 350MMBO). Indeed on a fundamental basis an 88e investment only makes good sense in my opinion when you consider potential upside from Talitha as well as Merlin 2 this season.
You have raised a good point about 88e's following being large, however it will be interesting to see how much attention it gets this season. You may have noticed that traffic on Stocktwits, Reddit and twitter has considerably dropped in recent months. My position here (as is yours I believe) is based on this picking up in the next few months, however this is not guaranteed. Indeed it could be Pantheon capture the hot money this season as it would appear their recent rise has been from sources other than your typical OTC/Stockwits punter.
Reaper 666, you talk in riddles straight out of Churchill's diary.
We have a good quotation from a post at the weekend 'Therefore I ask the following question which no-one on this forum wants to answer.' Got it in one :-) Much more interesting is an energy documentary link over on a neighbouring bb - different slant from the usual 'received wisdom' VGLA
Reply to Scot's "(continued from post timed at 17:03)"
Nobody wants to take the time to answer because people here are invested in 88E not the other one.
Question for you Scot. Now are 'the other one' funding this year. THAT'S THE ONLY QUESTION THAT MATTERS and you can't answer it!
(continued from post timed at 17:03)
Therefore I ask the following question which no-one on this forum wants to answer. The NN has a contingent resource of 1.9 billion barrels of oil, is located immediately adjacent to the Dalton Highway and TAPS and has a mkt cap of approx £500m. 88E has approx 100mmbo of reserves (which haven't been touched since their discovery 70 years ago), zero contingent resources, the 88E boss in Alaska (Erik Opstad) values the Yukon acreage at
(Continued from below)
88E has approx 100mmbo of reserves (which haven't been touched since their discovery 70 years ago), zero contingent resources, the 88E boss in Alaska (Erik Opstad) values their Yukon acreage at
The following is an excerpt from the recent interview (23/11/21) of Ashley Gilbert, MD of 88 Energy.
“Work is continuing with the reassessment of the potential across the acreage in light of the Pantheon Resources Talitha #A well. The Talitha #A well is just north of our Icewine acreage. We’re encouraged by the results that Pantheon published in relation to their drilling last season. I understand they’re going back again next season so we’ll be watching that with interest. We believe that [the] resource potential being targeted by the Talitha #A well extends on to the Icewine acreage so we’re anticipating putting out an updated prospective resource estimate in the near future.” ( - Ashely Gilbert, MD of 88 Energy, interview; dated 23/11/21)
Admittedly not an unreserved third party verification of the NN's results at Talitha #A, however if 88 Energy is “anticipating putting out an updated prospective resource estimate in the near future” for Project Icewine. I contend a newly appointed MD of an E&P company would not be trailing a downgrade in a public interview? Therefore, to my mind, it’s pretty much a racing certainty the 88E technical team has accepted and approved the VAS data from Talitha #A to a sufficient degree that it forms a primary basis for a resource upgrade at Project Icewine.
Therefore I ask the following question which no-one on this forum wants to answer. The NN has a contingent resource of 1.9 billion barrels of oil, is located immediately adjacent to the Dalton Highway and TAPS and has a mkt cap of approx £500m. 88E has approx 100mmbo of reserves (which haven't been touched since their discovery 70 years ago), zero contingent resources, the 88E boss in Alaska values their Yukon acreage at