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06:50
Quite right, DrMicho. I also think "funding news will be released soon." After the 2 inbound IERs on the Ahpun Topset and Alkaid ZOI we could hear about a vendor finance deal signed with a "large" OFS firm.
Then we could all be reading about the Alaskan gas pipeline where PANR has already agreed terms with the AGDC for a long term (20 years?) take or pay arrangement. If the pipeline is given the go ahead, and the Governor of Alaska certainly believes it will happen telling CNBC to expect news in the next couple of months, then the SoA/AGDC/Alaskan utility cos will act as guarantor/arranger of a facility with an Alaska bank for up to $250m.
Exciting, isn't it, DrMicho? Question for you. Say PANR closes at 35p on the afternoon of Day 1. At 7am on Day 2 there's an RNS confirming the pipeline has been given the go ahead. Do you reckon PANR will a) double or b) treble in price by the end of Day 2? Could you imagine being short on the morning of Day 2? Could you imagine having no exposure to PANR's investment case on the morning of Day 2? But that's what you're advocating, DrMicho.
Yikes.
🤡🤡🤡🤡
I would expect that funding news will be released very soon. LTHs understand that money is needed to move on and posting encyclopaedic posts isn’t going to change that reality. The discount will be sizeable to accommodate the prospective raise. Run for cover and grab your tin hats it’s going to be messy.
The important fact in relation to funding, is the timeline at which funding is required.
The quoted $150 m included 3 delineation/exploration wells in Kodiak, with $120m being for initial production in Ahpun, including G&A till then
What is required is a funding stream that draws, as required, with the bulk of it being at the back end, where drilling, hot tap and refrigeration plant are paid for. This will place the heavy expenditure close to receipts of oil revenues
Funding options, be it vendor, off taker, reserve backed lending, debt, or equity, will be accessed as needed, not some big pile of cash sitting in PANRs bank account earning less interest than it costs to have
More a commitment to advance services when required, by say the vendor client.
I understand the impatience by investors to rip off the plaster, pre fund everything now and tell the fudsters where to stick it. But that option would although satisfying, lead to greater dilution than required, so I am happy to let PANR follow the path they have laid out (minimize dilution) , continue to build the share price with more IERs and other progressions
Raise small amounts via equity if required against an ever improving share price if prudent, the end goal is clear $5 to $10 per barrel, of an ever increasing amount of resource, with vastly improving flow rates, significantly above the now ultra conservative modelling, used in the base case that delivered $10/bbl at $80 ANS oil price
If as is being stated, the lack of communication around funding is what’s weighing on the share price. Then imagine the relief rally that could occur if or when the funding solution is RNS’d.
Rabito and others included on truthful matters regarding panr.
First class post olderwiser, there are many tbats on aim co's posting no nowt nonsense and then there is honest open observation from yourself and Scott..f the stupid ...carry on with knowledge, and truthful insight on our acreage..
What a co incidence, the crew of rampers from 88e, where every word is a celebration, facts are hissed at like they are demons and logical discussion is shouted down, are moving in vent their frustration at their failed annual pump and dump.
The blame for the failed pump and dump of course goes to posters like myself, who committed to bringing fact and analysis to the 88e table, so allowing the intended victims to escape the fiction mob mindset that was being sustained so vigorously
Time has now shown, the tight down dip low net to gross pay reservoirs have flow tested poorly, with their SMDB only producing 4 barrels of oil, in 16 hrs in the oil producing section of flow back and clean up.
No apologies from me for bringing fact to fantasy land, and geology always was going to have the last say.
Unremarkable for me to see this same crew of deceivers, have now changed their spots and can only find FUD to spread here, what ever happened to the unicorns and rainbows
It all seems to be some childish tit for tat following 88e news. Personally I care little for most peoples opinions on the bulletin boards so it can all wash away as far as I’m concerned
There is no issue being long or short,but intentionally spreading rumours to manipulate prices is a different matter entirely.
It appears to me that many of you have engineered a way of talking dilution and that it could be soon and heavily discounted.
Based on what?
Many of you have been suggesting the same for so long and yet have been wrong but continue to push it.That seems like dubious behaviour.
You also seem to completely ignore what the company has said about what they are trying to do about external funding and instead replace their commentary with your own narrative and act as if your dilution predictions are the only solutions the company has.
What happens if the gas pipeline doesn’t go ahead. Is there a plan b?
And with funding for oil getting tighter these companies running on fumes will have to bend over backwards for cash, however I expect that cash will be going to the safer, less risky, oilers. Wasn't this financed on a going concern basis?
Could well go back to high 20’s next week or even tomorrow. The Middle Eastern tensions are not helping anybody at the minute.
Perhaps their fund raise will take these a wee lower. I'm surprised it has fallen back so quickly after the improved reserves were announced. Maybe most large holders are trimming their investment here. Taking profit etc.
Or like a broken clock one of them will be right occasionally and I would suggest pretty soon
6 straight days now of SP decline and the last technical support sitting at 32.5 (78.6% fib) may shortly be broken and then its a clear drop to 100 day sma at 26.1p.
Most striking is the on balance volume (OBV) pointing down with a trend now established.
With a reading of 15 a declining OBV accompanied by falling prices indicates bearish momentum in the market. It suggests that selling pressure is increasing, leading to lower prices and has now been associated with confirmation of a downtrend, an indication to traders that the downward movement is likely to continue.
Add to this, the MACD is about to provide a bearish crossover, will day 7 be the continuation decline. A close today of 32.8p shows the support is just hanging in there, will it tomorrow, if it goes the drop could accelerate.
Maybe best for the company to place now before giving away greater dilution.
That's the battle though isn't it. Not everyone has a long position, so some will not express positive thoughts.
If anyone is influenced to sell by these crashing bores, more fool them. IMHO DYOR
For many months those talking Pantheon down have predicted imminent dilution, even claiming raising funds with a discounted SP as low as 10p and time and time again they have proven to be wrong.
So were they bad guessers or spreading bad rumours.
I even recall one liar saying it was all the chatter around the City, claiming the raise was imminent and at a farcical price that of course never happened.
The boy who cried wolf comes to mind with all these dilution posters.
When did this board turn into a kids playground? Getting pathetic in here.
"Pantheon reserves, once they are certified as such from their current status of "resources", are over twenty times higher than this."
lol that's funny as if they will ever get to that stage. years and years and $millions away. and of course millions and millions and millions of shares added.
I see that more posters are agreeing that funding will be required imminently. I suspect the discount will be quite large if there's going to be a notable amount of funding. The wait should be over soon and then the uncertainty is removed with the lower SP… IMHO DYOR GLA..
I do wonder how long it will take for Ai models to work in such a way that it will catch those bad actors who intentionally spread negative rumours and trash talk stocks in order to manipulate prices down,whether they be bad actors working their own position or being paid a fee to do so.
you could imagine that penalties will be quite severe.
A quick google tells me that Petrotal "2P reserves" rose "from 96.7mmbbl to 100.2mmbbl" in 2023.
Pantheon reserves, once they are certified as such from their current status of "resources", are over twenty times higher than this.
Stas20, if you are to persist with the placing line of attack it would more effective if you use the correct number required for initial CAPEX sink. Most PANR shareholders know that the number is ~$150M due to the multiple webinars we have watched were these numbers have been openly discussed.
Please also be aware that given the sheer size of the resources, many people won't be fazed by the dilution threats. Indeed Jay Cheatham has openly discussed worst case scenario's in past webinars also.
It would be good to get some balance on this board but you need to up your game if you are going to provide it.
Oh my sides, .....
seems simmering scot doesn't like the reality here, maybe I'll remind him later, but unlike yourself and your buddy OlderWiser, I shall only remind you of the dilution once for each 20 million of shares that are raised.
On that basis simmering, I should only have to remind you around 40-50 times, lol about 1/10th the combined number of posts you simmering and your buddy Older has placed on the 88e board in the last 30 days.
Enjoy the 944 million shares here, soon to be doubled.
10:44
Here's another silly fellow. Silly Stas has trouble reading, listening and understanding. Silly Stas thinks the $250m he heard about in the webinar was the *required* amount to move PANR to FID and a self-financing Ahpun development. Silly Stas, despite it being explained to him in detail yesterday, doesn't realise that *If* the Alaska gas pipeline goes ahead, $250m would be the approx size of the facility the SoA/AGDC/utilicos would guarantee/arrange for PANR to draw on to move its project forward. Silly Stas doesn't understand the difference between "modelled amount required for FID" and "size of bank facility made available to PANR *If* the gas pipeline gets the go ahead". What a silly Stas.
Silly Stas then compounds his error by using the $250m figure to dream up some fantasy corporate activity. Silly Stas has forgotten all about the vendor finance negotiations with a "large" OFS firm, where the OFS firm is waiting for the 2x IERs on Ahpun due imminently. Silly Stas also thinks he knows more than the Governor of Alaska about the proposed gas pipeline deal. Silly Stas has ignored entirely the terms of the recent agreement between PANR and the AGDC which described a gas deal which, *if* the gas pipeline goes ahead, would see revenue to PANR from gas sales alone of $500k per day.
Silly Stas is lashing out because he's angry. Silly Stas would be better using his time to work out if, after 88E pays for this winter's operations at Hickory-1, whether 88E will be insolvent. Silly Stas publicly posts that 88E's troubles are down to evil PANR shareholders when, in his heart, he fears it's because he didn't do enough research on the geology of Project Phoenix despite being urged to do so for years.
Silly Stas is being silly and isn't taking responsibility for his decision to invest in a listed company. Don't be like silly Stas.