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The Gas agreement is a pre requisite for the FID for Alaskan Pipeline phase 1 and 2….so I expect this will be the next major milestone and it will obviously be announced simultaneously by PANR and AGDC….as this activity is currently behind schedule by about 3 months. A lot hinges on the show and tell…let’s see but it appears to be a formality as “apparently” no CO2 gas is anticipated and it can go straight into phase 1 pipeline for local consumption.

There have been two single share trades today….suggesting in old folklore terms that insiders are hinting at an RNS tomorrow or later today….lets see :-)

PI’s still control the SP on AIM Max and co….trust you learnt a valued lesson…This is the result….we all in now at 25p. Let’s move on :-)

If you sell now based on your theory….you should make 3 to 4 % then…..is that your plan ?

Insider trading is illegal and everyone knows that….and whether we like it or not has just happened here.

Seems like the Retail investors also had a chance to buy at 25p Stas. I agree wholeheartedly with your sentiment though and let’s move on. ….the sooner we list in USA the better for all….so the dog can start wagging the tail…instead of vice versa…which is the current situation. :-)

How did they know though Stas? Seems like a select few knew imo…..Retail investors or PIs like us get continually rolled by the people in the know. The PANR board will have a lot to answer to at the AGM the way this last fund raise was managed and manipulated.

At last…..maybe FCA have started their investigation:-)

If they do not have an ESG programme embedded into their operations…..we are what they call ‘dead in the water’….and should not have invested here at all!!

So we should get a start date and end date for the line items highlighted in red on slide 30 ? in the last so called Investor presentation ? Is that what you are saying ?

If they do it will be the first time ever. I hope they do as that is the right thing to do to win back retailer investors trust.

But I personally think they have a lot of relationship repairing to do with private investors. Imho.

And Brombard…why don’t they just share the programme….with timelines ? Pathetic imho….so called production team that cannot share a decent plan.

I apologize for calling the shorters scumbags…..but in hindsight I should have seen this coming…I agree 100% with Stas…

We as retail investors were sold down the river whether you like it or not. Fact. In addition if you want realism….PANR is NOT compliant with ESG principles otherwise they would have involved all stakeholders in their raise….think about it….The BOD of PANR have been dishonest and quite frankly I will question their integrity as Stas has done more than ever before moving forward:-)

Notice the scumbags are not around when things are normal :-)

Buy buy and I won’t be posting on this sick forum for a long long time. I am locked and loaded.

Drill baby drill :-)

Megrez was an exploration well…..get the point ?

If you don’t know the difference between an exploration well and an appraisal well….you should not be investing here.

They trying to trigger a max exodus of long term holders…..and helping MMs and shorters for the next wave of news. Hang in…there are no issues at all….just a bit of a hiccup although I would have preferred exact timeline with dates and what the expected outcome should be in order to at least see how they are performing against targets !!! I agree it was a bit of a disappointing webinar it’s no new news offered to shareholders….all a bit fuzzy at the moment but at least we can buy at cheap prices !!!

Rabito….Topset 1 is the same as Pipeline state 1 is it not? That being the case imo it has been flow tested. If not accept my apologies :-)

Page 18…..was the last update….we may get another one tomorrow. This also assumes no gas pipeline :-)

So definitely assume it will be updated tomorrow :-)

https://www.pantheonresources.com/index.php/investors/presentations/713-investor-update-july-2025/file

Thanks Brombard…..from my perspective I believe all the risks have been mitigated when it comes to flow testing….thanks to co-pilot….but hey let’s see…GLA.

Why the Risks Are Mitigated

Reservoir connectivity: The lateral was drilled with precision into a well-characterized, continuous topset horizon. Pipeline State #1 already flowed oil from the same zone—so connectivity is proven.

Completion design: Pantheon has lined up hydraulic stimulation with experienced vendors. They’ve learned from prior wells and are tailoring the frac job to maximize reservoir contact.

Fluid mobility: The SMD-B has shown good porosity and permeability, and previous tests confirmed light oil with favorable mobility. No signs of problematic viscosity or water cut.

Pressure and drawdown: The reservoir has a thick hydrocarbon column and solid pressure support. Plus, the team’s modeling accounts for optimal drawdown to avoid formation damage.

Geomechanics: The topset sands are clean, with minimal clay content. Logging data shows stable rock properties—no red flags for fines migration or sand production.

So yes, barring an operational hiccup or an unexpected anomaly, the flow test should be a formality. But it’s still the final gate before commerciality is declared. And once that happens, it’s not just a win for Dubhe—it’s a green light for full-field development across Ahpun.

Brombard…..Did anyone else notice 63% Resource up grade ?

This is great news ……or is my maths wrong :-)

* Dubhe-1 Appraisal Well Success The Dubhe-1 horizontal lateral was drilled to a total depth of 15,800 feet, with 5,200 feet entirely within the target SMD-B reservoir—well above the pre-drill target of 3,000–4,000 feet2. This confirmed strong reservoir quality and extended the productive zone.

* Expanded Reservoir Targets The new estimate includes:

* Topset SMD-B infill targets where reservoir thickness exceeds 450 ft

* Additional zones like SMD-C and the Slope Fan System

* Updated Geological Modeling Incorporating data from the Dubhe-1 well and advanced logging tools (like Logging While Drilling and Volatiles Analysis Service), Pantheon refined its subsurface models, leading to a more confident estimate of 589 million barrels of marketable liquids—up 228 million barrels from the previous figure.

The Math Behind the 63% Increase

* Previous estimate: ~361 million barrels

* New estimate: 589 million barrels

* Increase: 228 million barrels

* Percentage increase:63%