Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I have no intention of agreeing to it. I just thought it was interesting that they are so keen to get hold of panr shares . The note says that you can still sell your own shares at any time, I don’t know how that would work
Brom as far as I am aware they are happy for pads within the disturbed area next to the road and pipeline.
11:36
DNR(DOG) will not normally approve gravel pads and roads for "exploration" wells, Alkaid-2 because it was to be an long term flow test was approved. Alkaid-1 had proven likelyhood of commercial flow.
Gravel pads and roads cost lots of money and I am guessing subject to expensive bonding, if an "exploration" well turned out to be a dud it would not be a case of letting ice melt the company would have to actually scrape all that gravel off and return the site to pristine tundra.
correct brombard but they are allowed to put more hard pads in if required. as for doing nothing until the facilities are in place, they have not drilled across the river yet to prove anything up. in my mind they still need to show real flow rates. the horizontal they drilled two years ago was supposed to do that but did not due to the issues with fracking.
i also think it is critical we get back to kodiac this winter as that is our main oil field yet we have only put one hole in it, that again had problems due to the cement **** up. time to show these oil fields in all their glory rather than 80 bopd.
10:33
So you lend your shares and then what, they are used for shorting and if successful the share price plummets probably well below the value of the payment for accepting, when you get your shares back they will possibly be at bottom of cycle so what have you gained?
Apart from the payment you locked into the share I assume until the lending term expires, is it worth the risk?
Or are you hoping company news/progress trumps the shorters?
Am I looking to simplistically
09:54
PANR do not have option to drill exploration wells all year round, only hard pad they have is Alkaid-2 site as far as I am aware .
Is their future plan not for "production" wells from hard pads once processing facility completed, gas injection wells drilled and hot tap complete?
So no need for "exploration " wells.
Been tempted
Today I have had a note from my broker offering me payment in return for allowing my shares to be loaned for short trading. PANR is top of their list. I have not be tempted yet!
In my opinion it’s just another step forward, I highly doubt we are going to see a big rise in the SP until the company sorts the financing out. This will help. Personally I wish they would just raise some money and get another drill on the go, whilst I appreciate the companies determination to keep dilution to the minimum, our advantage of being able to drill year around does not seem to be used to maximum effect at the moment.
Well this is what WH Ireland made of it:
Pantheon Resources (PANR) – Corporate – Independent Resource Report on
Alkaid Horizon, Ahpun Field
Market Cap £337.7m Share Price 36p
Pantheon Resources announced that Lee Keeling & Associates (“LKA”) has ascribed the Alkaid Horizon, consisting of the smallest and deepest development candidate of the Ahpun field, 79 mmb of recoverable reserves and resources (5million barrels of possible reserves and 74 million barrels of contingent resources).
For reference, the resource appraisal consists only of the deepest development horizon at Ahpun and excludes the Ahpun Topsets, which is considered to have superior reservoir potential and scale (and of course excludes the resource potential of the Kodiak field).
The appraisal was premised on prior well/geophysical/seismic data and the additional data from the 90-day flow test of the Alkaid-2 well drilled in 2022.
LKA estimated the base case NPV10 of the field (pre-Federal tax) to be $200m, with a high case valuation of $526m – conditional on success and project development.
The company stated it is expecting a report from Cawley Gillespie on the Ahpun Topsets (and the newly awarded Eastern Extension) with better reservoir properties in the coming weeks.
WHI View: We have long-held the view that Ahpun has the strategic potential to kick-start self-funded growth given its proximity to infrastructure. By virtue of circumstance, the company firstly assessed the resource potential of the supergiant Kodiak field – albeit we believe it is likely that Ahpun is developed first. Therefore it is critical that updated resource definition is coming in for Ahpun, allowing the company to assess developmental strategies. Today’s update
combined with the forthcoming resource assessment for the Ahpun Topsets will provide a relatively comprehensive resource coverage of the company for the first time in years, in combination with the assessments of Kodiak – which will be very helpful for investors and the analyst community. The resource updates, we believe, represent important milestones that we expect to build further on the company’s positive trajectory.
Got it - so I assume that you understand the RNS fully - can you outline what the market has missed if anything or is it just a case of PANR making an incremental step forward?
I would be very interested to see what you guys make of this RNS? Thanks in advance
Glad to have bought more at 8am this morning.
Probably because that is a very detailed RNS and most people unless they are already invested and have done their homework will not understand it.
There is a new broker note out this morning - anyone have access to it and mind posting ?
"...support Pantheon's previous assessment that the Alkaid-2 long term production test demonstrated the commerciality of the Alkaid horizon in Ahpun".
"Fantastic news" - why is the market reaction luke warm ?
Another box ticked in David’s plan
Mangrove had better start closing off the back of this.
The FULL report is available here: https://www.pantheonresources.com/index.php/investors/shareholder-documents
As stated in the RNS “fantastic news”.
Good timing … fantastic RNS !
If your buying nows the time. 🤞
Just had another nibble. 🥂🤞👌
19:41
AI tech speak :-)
What a lovely name.Maybe you would like an invite around to our house for cake and tea.