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Time Bid Offer Volume Trade Buy / Sell Value Trade Type
16:29:25 0.35p 0.36p 12,500,000 0.3555p Buy £44,437.50 Off-book trade
11:53:50 0.34p 0.36p 8,000,000 0.3550p Buy £28,400.00 Off-book trade
17:07:47 0.35p 0.36p 8,000,000 0.3600p Buy £28,800.00 Off-book trade
12:40:04 0.34p 0.36p 6,094,390 0.3550p Buy £21,635.09 Off-book trade
10:37:44 0.35p 0.37p 5,081,420 0.3602p Unknown £18,303.27 Off-book trade
10:35:37 0.36p 0.37p 5,000,000 0.3600p Sell £18,000.00 Off-book trade
10:36:39 0.35p 0.37p 4,346,740 0.3680p Buy £15,996.00 Off-book trade
10:31:30 0.35p 0.37p 3,500,000 0.3640p Buy £12,740.00 Off-book trade
10:34:56 0.36p 0.37p 3,386,410 0.3675p Buy £12,445.06 Off-book trade
08:05:19 0.32p 0.34p 3,008,450 0.3320p Unknown £9,988.05 Off-book trade
09:56:01 0.33p 0.35p 3,000,000 0.3470p Buy £10,410.00 Off-book trade
09:56:07 0.33p 0.35p 3,000,000 0.3500p Buy £10,500.00 Off-book trade
10:33:43 0.35p 0.37p 3,000,000 0.3630p Unknown £10,890.00 Off-book trade
14:26
Stas20 - thank you for this excellent post.
I have rightfully been accused of verbosity in my writing style. So I'll get down to business by referring to the most important sentence contained in your post.
You asked, "Do PANR have 4 times the asset value [of 88E.....PANR mkt cap £380m, 88E mkt cap £90m]?"
There are not many members of this forum who have asked this question publicly. For some it will be because they don't see much, if any, connection between 88E's SP and the assets it owns, preferring simply to bet on the nice, shiny object and hope the SP moves up rather than down because it's the equivalent to a Saturday night trip down to the casino.
Others may not wish to ask the question of themselves or others because they fear the answer, which in turn will confirm that uneasy feeling in their stomach that they've picked the wrong horse and should have done more reading before investing. Note how no-one has engaged with you on this most crucial of questions, Stas20? Illuminating, isn't it?
Still, I’ll try to answer your question because it’s essential someone does. By the way, folk like Brom are perfectly capable of answering your question. He chooses not to because he knows the answer will disappoint the 88E shareholders who follow this forum.
Yes, IMO PANR’s asset base is worth many multiples of 88E’s asset base. I have posted frequently that on 88E’s best day, and no matter how hard I try, I cannot justify 88E’s mkt cap being any greater than 1/7th of PANR’s mkt cap. After today’s news from Netherland Sewell confirming PANR’s new updip acreage ( at BFF/Kodiak) possesses superior reservoir characteristics v’s the downdip parts of the BFF then I am compelled to re-calculate that assessment. I cannot now justify 88E’s mkt cap being any more than 1/10th of PANR’s mkt cap on any given day.
Looking again at my model, the percentage of PANR’s recoverable resources as guided by management, which has subsequently been upgraded and classified as contingent resources, has increased from 42.6% to 53% (PANR’s contingent resources today moved from 1.04bbo to 1.283bbo). Looking at 88E, only 27.5% of its Project Phoenix recoverable resources, as guided by management, is classified as contingent resources.
Stas20 – a question. When you examine the 88E asset base, where specifically are you identifying sufficient value to support your implicit argument that “surely 88E is worth more than a quarter of PANR’s mkt cap”, ref. the final paragraph in your post timed at 14:26 today?
FWIW, in theory you are spot on about the mathematical effects of a share consolidation. The trouble is that in the real world a company like 88E usually undertakes a share consolidation as a prelude to re-launching the narrative of the investment case and seeks to raise fresh capital as part of that process. I'm guessing that’s what RBO was getting at when he suggested you read a book about equity markets
Scott you are an incessant sad weasel. Why do you bother.
Dealer, I think answering his post is what he wants but from what I gather many have binned him.
Questions I would ask him though, as I heard from another that PANR are a one trick pony (albeit struck lucky) but that 88E are invested in many pies with great potential, how can you truly price in all this potential? And are you still of the opinion that 88E are only a £52M company?
Scot126 @ 19:07
One question for you sir - Are you invested in 88e at the present time?
Never ever gets a single prediction right.......just bin him
So older . Did you use all your wisdom to warn the new investors on the Panr share chat when Scot was saying it was a good buy at 130p ?
"So older . Did you use all your wisdom to warn the new investors on the Panr share chat when Scot was saying it was a good buy at 130p ?"
That's good PMSL
Let the pumper and ramper pump and ramp. Whatever it takes.to get this pile of junk up!
Stas20
That is a completely flawed argument, what I comment on is my opinion of a share, it prospects an some oil industry knowledge I can add
Would you accept that a positive post on the prospects of PANR at a low of 10p should also be weighed.
Funny enough despite the short campaign wreaking havoc on PANRs share price, the fundamentals have continued to only improve throughout the decline. Imagine the joy at being able to buy in heavily at 10p, at 40p now it has just begun the restoration to a realistic fundamental value
So basically what Older is saying, is that he didn't sell for 1.40, and is now holding onto his stock praying it'll go back up again! In the meantime, he's over here trying to bash us instead of joining us! Pathetic!
MMO
No no No read and understand, I topped up at the lows 10p, and have an average price of under 18p.
I am a fundamental investor, I invest on long term merits, not short term trading opportunities of hype cycles like 88e
Drivel.
When the 88e directors decide to buy as many shares as *we* own, perhaps new buyers will arrive.
Until then it's just a decent trade and will rise into the release of news.
Will the news include a 25% resource upgrade? Perhaps. But will "the market" consider that relevant based on our BoD's performance to date? Doubtful.
Time for 88e to deliver.
Taxi man: 18:14. FYI
https://youtu.be/Dts7k5oMR8k?si=1fRLi9acxRCdIhE5
3.29 talks about PANR routinely drilling and flow testing in one season.
As I said Older, you didn't sell on the previous spike, so now you are praying and "topping up" waiting for a similar move. Greed got the better of you. Also, it has dragged you over to 88's board out of bitterness!
I'm just informing the public of your character arc. You know, how you've become the vilian on our board 😉
MMO
You know nothing John Snow, a simple minded character assassination is all you have, because you have no counter to an analysis, that does not suit your agenda
Thank you RBO, this is the one I seen a while back which explained the north south border and where 88E acreage lies. I noticed the latest video and PANR (Bob Rosenthal and David Hobbs) talk about the future gas line. They are in talks regarding supplying gas to lower Alaska, and my take on that is a positive for 88E or potential new owners of the acreage as at the moment they spoke of all that gas as a liability and if they do manage to create this outcome then 88Es 'liability' will also become a huge asset.
As for the timescale regarding drill and test it may prove the correct move waiting another year, gathering more information and people to do it correctly, we just wait for that result of flow test two and the reservoir analysis to confirm.
It's not like 88E have been sitting on their hands for a year either as they put in place a future biggie in Namibia, Leonis new acreage, Texas new acreage and new wells to follow, and saved on fees for the north slope acreage. Albeit paid for by dilution this has built the company and put them in a strong position to survive had there been no flow.
Taxi
There should be a bit to learn on the Hickory implications from the other side of the fence in 12 hrs from now
Pantheon will be hosting an Investor Meet Company webinar at 5.00pm BST on Wednesday April 10th. Those wishing to participate can register through the following link:
https://www.investormeetcompany.com/pantheon-resources-plc/register-investor
Thanks Older, not sure if I will make it but I appreciate the note. As far as I could make out it has a lot to do with future funding but for holders not to expect money in the bank. I could read that as farm out possibly to raise funds for development.
Older, registered so hopefully get to attend but I do have something on late afternoon. Thank you.
05:44
Taximan57 - PANR always record their webinars. Usually after a few hours it's available for all to review on YouTube.
Older I only reply with analysis to people that actually trade this stock, not folks like yourself who only come here to moan because they missed out on their own stock 😂
Older, rich coming from you. Someone who spends all day every day giving us dribble on a stock you don't even trade!!
Good day Sir!
Why are people biting. These retired lonely old weasels.
Think I hit a nerve with you eh? You can see the rage building up inside you.
You keep attempting to speak facts, acting as if you somehow know better than the folks that actually trade the stock. It's super embarrassing! You want to speak facts then?
88 have had their first successful flow-test with the upper SFS, and we are yet to find out how much oil is there. Fact.
88 are so confident about the SMD B results, they keep name dropping your boys in our posts. Fact.
88 have more promising projects in Texas and Africia, meaning this project is the beginning. Fact.
Older didn't sell high at Pantheon, so now he is over on our board crying everyday. FACT!
Before you come in babbling about x amount of Bopd, you are literally guessing, yes, guessing like you do with evert single post on here! So don't come at me trying to act all intelligent, when you actually don't have any facts yourself Oldman 👍