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Mif51, I don't think the new Eastern leases are included in the pending IER.
Good post stas and it would be nice to get an increase with the report but I think it’s all about the funding of the $150 m and we’re farming out or doing a deal to be honest
All the reports in the world don’t seem to move us But in the wrong direction but it will be the money in the bank to implement the boards plan to cash self sufficiency
Then there’s no stopping David’s grand plan
The Akaid horizon is the smallest and deepest on the ahpun acreage but still came in commercially, the next IER is for the topset and the new eastern zones which are expected to be huge.
Note my post from the 2nd
"This could be the bottom. Price is sitting right on the support line, 61.8% fib @ 31.3p (if the fib is taken from the 9th April close rather than the top) however, sometimes it is important to see if the trades are obeying the close rather than the spike, in this case it may be valid as the close was respected on the 18th April where the price bounced from the low of 31.275p"
Once again on the 31.3p, 61.8% fib for the 3rd time - will it bounce!
Based on the scarcity of posts on the last RNS (Independent Expert Report by LKA on Alkaid Horizon), Should I assume most were not that impressed - Do you think the next report on the Ahpun Field by Cawley Gillespie & Associates is going to be received better?
Interesting to note that the share rose 3.62% in America after the English close. Good to see it showing the way.
Thanks for information.
Always learning.
The directors dealings tab is incorrect:
https://www.lse.co.uk/rns/PANR/result-of-capital-raise-gzxxhaa1v3hm1ty.html
22:49
"Now get back to the present, the BOD have joined into the recent capital raises, in particular the newly arrived D Hobbs "
If the Director Deals tab is correct D Hobbs is the only director to have purchased shares since Sep,22.
Thats their (other directors) choice and I am not criticising, just clarifying your statement.
Stas20
OW is not kidding anyone, the directors cashed in some options that would otherwise have expired, in so doing contributing ~30p per share to the company coffers
It was a bad optic, the shorts made sure it was magnified to full effect, the damage done at the time was significant.
Now get back to the present, the BOD have joined into the recent capital raises, in particular the newly arrived D Hobbs, who arrived with a decent holding of his own and then has taken several opportunities to add with cash purchases in capital raisings and on market
So yes very much aligned with investors, this gentleman D Hobbs in particular, oil expert premier, quits pleasure yachting around the globe, becomes an independent director, quickly steps up to become executive chairman, and then doubles up on his shareholding with his own CASH. (Not the all too familiar granted shares and options, so common to oil explorers)
Start
"As at the date of appointment, David Hobbs has a total beneficial interest in 1,576,002 ordinary shares of Pantheon, equating to approximately 0.2% of the issued share capital."
Current
"Accordingly, David Hobbs has purchased 980,455 shares from IPGL at the Placement Price. Following the purchase, his ultimate beneficial ownership increases to 3,697,684 shares, representing 0.4% of the Company's total voting rights."
As I recall those options were granted when the share price was ~half the exercise price. I know a number of long term holders who topsliced in the run from 7p to £1.4.
All directors have taken part in recent placings and of course David Hobbs has purchased all
his holdings, including the recent ~$500K. Those who know the back story will also understand Bob Rosenthal has had significant dilution to his original Great Bear stake.
I can't remember Brom being as critical of Wall and Opstad's shenanigans at our noisy neighbours. Seem far more cynical these days, funny that.
Lol did I say one director, seems I concentrated on the one that made the least....🤣🤣
Lol so aligned indeed 🤣🤣🤣🤣
16-Sep-22 Sell Justin George Hondris 123.40 GBX 2,000,000
16-Sep-22 Exercise of Option Justin George Hondris 30.00 GBX 2,000,000
16-Sep-22 Sell John Bishop Cheatham 123.40 GBX 1,300,000
16-Sep-22 Exercise of Option John Bishop Cheatham 30.00 GBX 1,300,000
Lol brombarb, correct a quick scan sees one director sold 900,000 at 123.4p and immediately replaced them all at 27p for an almost £900,000 profit. Perfectly aligned interest lol, who is OW kidding.
The real comment should have been in the hands of a very capable and experienced AND GREEDY team. In reality the important aspect is they likely won't sell until the share price is far higher.
Apologies my IPad appears to be playing up.
16:44 yep thatas the
10:21
I welcome that the directors here have healthy shareholdings, however I do remember that in September 22 three directors chose to sell substantial holding on the market which resulted in an immediate hit for all shareholders.
At least two directors immediately chose to partake in an options programmed at probably ~ 70% discount to replace their shares.
Lots of excuses were found for their actions but ultimately they did what was right for them as individuals and it hurt the shareholdes here.
Its a tough old world.
Jiggery Pokery
Sounds to me pretty standard
“bureaucratic jiggery-pokers”
13:19
Sounds like desperation, ADGC have been seeking private capital to finance project for years.
If you worked for the ADGC what message would be sending out!
https://www.adn.com/business-economy/energy/2024/05/01/alaska-gas-line-leaders-ask-lawmakers-to-support-giving-44b-project-until-years-end-to-succeed-or-die/
:-)
https://x.com/flight_useful/status/1786354738130309209?s=46&t=c4s50NWXswiWg9BVziGoag
Thank you.
Seahawk
The LKA grant of reserves shows PANR have shown enough already. The combination of data topped off with the long term flow test results and subsequent analysis, is enough to justify development
PANR are in the enviable position of having further, and better and much larger prospects as well, so are now in a position to choose from several options.
The ZOI at Alk 2 is a very very small percentage of their resources. but is further developed, so can proceed faster.
As I alluded to in my earlier post, they can also choose to take on the greater risk/reward in the SMDB, and invest further in developing it further (flow test known reservoir, or explore high porosity reservoir in the new leases) either of which could yield exceptional at scale results.
Its a decision I am pleased is in the hands of a very capable and experienced team, that have aligned their interests with shareholders, by having meaningful holdings themselves
£1.55m - the figure is being reported in pence [GBX]
Does that show their current liability as £150 million? Doesn't sound right.
Thanks Olderwiser that a great bit of analysis, put into simple terms for those of us without in depth oil knowledge. Do you think this is enough to attract help or do they still need to show a well flowing at full on rates eg hundreds/ thousands Bopd. It all looks good on paper.
Https://shorteurope.com/history_player.php?player=THE%20MANGROVE%20PARTNERS%20MASTER%20FUND%20LTD.&land=united_kingdom#Pantheon%20Resources%20Plc
No wonder someone has been squeezing the price down.