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Beat me to it :)
16:27
My apologies, but all I would say is that he uses the word in context of "development planning" .
Nothing likely to be happening here now for a while I assume? looks like the rise into this news was sold into and thus maybe people are thinking the next RNS could be a placing. Or, were they not happy with the numbers, ........surely that was not the case?
Come on Brom! "This is an important result for our strategy to move the Ahpun and Kodiak Fields through development to production over the coming years. The confirmation that the Alkaid horizon, the most marginal of the resources appraised on our Alaska North Slope acreage, is modelled by the Independent Experts to deliver real rates of return exceeding 20%, is fantastic news for our development planning".
I think we can take it that the arrival of the Louis clone on the chat boards means that someone is having another go.
Under Hobbs, the methodical building of data and expertise is relentless, but there's still a long road ahead IMHO
12:59
How reliable is the "short positions" tab, if its accurate then no movement since 11/09/2023.
Does David Hobbs actually use the word "fantastic", what he does say is "important" and then goes on to differentiate these results from Ahpun Topsets & Ahpun East.
I got mine from Munnie
Shorting now 8s rediculous except for a pro.
Exactly. As David Hobbs says these are fantastic results, he understands investors will expect our vendor negotiations to be positively impacted. He’s previous communicated $120M to $150M of financing. Bottom line is that short term sp price movements isn’t important relative to the underlying business prospects. DH says these are fantastic results, so my expectation is this will solidify vendor financing. That confirmation in Q2 will propel the sp much higher.
What's more concerning is PANR shares are in demand to be shorted.
If I were you, I would crack on instantly and get collect your premium for lending your shares out.
Remember, you are here to make money, any way possible. That's it, nothing more. So many PIs forget that and need to be reminded of that simple fact.
Well that news went down like a lead balloon as per usual. So predictable, seems to get pumped and dumped just like 88e. Flipped the other day.
And why not lend your shares out to shorters? I doubt you have enough shares to make an atom of difference, plus you get a passive income on them whilst waiting for this dog to dance (if it ever does).
If they don't get them from you, they will get them from someone else. It's a no brainer to me!
So
If you chose to sell your shares, your broker would simply recall the shares from the borrower to settle your sale.
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?