Member Info for BricksSA

I wonder if it’s worthwhile dropping the Nomad an email and asking them to clarify Mangroves short status ? Does this fall under the Nomads umbrella ? Not quite sure but yes definitely FCA…..but we could wait a year for a response….if we are lucky :-)

Hi Seahawk and Brombard…..As per LSE…..3 Companies are still short but I wonder if they are abiding by the reporting law as set out by Brombard ?

https://www.lse.co.uk/ShareShortPositions.html?shareprice=PANR&share=Pantheon-Resources-plc

I somehow agree…..I notice Citadel Securies who are one of the biggest Market Makers in the world are short on PANR shares….so it looks like until the short positions are cleared these games will continue. Imo only…

Citadel Securities: Dominates the market making industry, particularly in equities and options across the US.

This is what Max said at the last webinar on it…..

“ And as an Alaskan, shifting to full renewables is very difficult to do, very expensive, converting to oil is not going to happen. And how embarrassing as an Alaskan to import LNG, Alaska exports LNG, doesn't import LNG. And so the best solution for the state really is this in-state pipeline. We're a big stakeholder in that. We're the primary shipper. So as you know, we have a gas sales precedent agreement for this for a 20-year supply. And so we'll be the first shipper to provide primary energy to consumers of Alaska. And it's some debate when this will be finally FID-ed and what that looks like. It could be as early as this year.

So again, our Dubhe well is very, very important to prove up the gas deliverability for that to occur. And so the state is paying attention to what we're doing as well. But it's a very, very exciting time for Alaska. We've been talking about a gas pipeline, well, since I started the company actually. When I started in Alaska was a year Prudhoe Bay came up plateau. Hopefully, that wasn't the reason. But -- and since that day, people have been talking about gas sales and it looks like it's finally coming to fruition with a lot of support from the federal government and obviously, the state as well.”

The Gas Sales agreement should have been completed by 30th June 2025…..so they are running slightly late on this activity….hence me saying it’s imminent and Dubhe will deliver imho.

What I’m referring to is this comment in the QA section on their website….. In mid 2024, Pantheon announced it had entered into a Gas Sales Precedent Agreement (GSPA) with 8 Star Alaska. Under a full Gas Sales Agreement (GSA), which the parties committed to use their good faith efforts to finalise by 30 June 202…..so the understanding I have is whilst a Gas Sales Precedent agreement has been signed…. agreement itself is still to be finalized which is now imminent imo….GLA

So the only piece missing from the puzzle now is Dubhe needs to prove it has the gas to deliver to the LNG project. Hopefully both parties are still committed to finalizing the gas sales agreement soon…I expect this to happen as it’s not an exploration well …..I think a few punters are misreading or misunderstanding the bigger picture here.Pleeeze Dubhe show and tell a good story. GLA.

Hmmm….anyone else thinking MMs triggering stop losses purposefully to help the shorters?? Wouldn’t surprise me honestly…

So why are so many people selling at current price if it’s an appraisal well …..makes no sense at all….day traders I guess ?

Happy Birthday Marmaris :-)

I take it all back…..lovely RNS….Dubhe must just tell a good story now :-)

Looks like old habits die hard…..why was the delay not RNS’d ? They have had enough time…..honestly.

Found this note added….. As an added note: The Application for a Permit to Drill has been submitted to the AOGCC. The permit includes the well design, but the public may not have access to the information **IF** Pantheon requests and receives "Confidential Status." The well will be permitted with Great Bear Pantheon LLC., being the operator. The well cannot start drilling, "spud" until the permit is issued.

Source: https://www.reddit.com/r/3CPG_PetroleumGeology/comments/1m1cu4m/pantheon_resources_plc_dubhe1_appraisal_well/

Max re-iterates why we are now a Gas play as well……..here’s the transcript from his last talk to shareholders.

https://ch.marketscreener.com/kurs/aktie/PANTHEON-RESOURCES-PLC-4006002/news/Transcript-Pantheon-Resources-Plc-Special-Call-50484203/

No probs Seahawk….was just checking. Good luck mate…I think we could well more than ten bag here :-)

Gas alone worth 20 billion…..no oil in the below equation.

Divide 20 billion by 1,238,794,546 which is number of shares…hopefully they forward sell the gas and it ends up around us$ 16 per share…..and I think we are bigger than BP :-) GLA

And you arrive at this conclusion :-)

The value of 6 trillion cubic feet of natural gas varies significantly based on market conditions, location, and whether it's a sale of physical gas or a financial instrument like futures. A rough estimate based on current market prices (around $3.57 per MMBtu) would be in the billions of dollars, potentially exceeding $20 billion.

For ease of reference….copied a pasted from website.

Pantheon whole-heartedly supports the AK LNG project, including working with the State of Alaska to enable the commercialisation of the helium potential of the Kodiak field, for the benefit of Alaskans and to support the funding and development of Pantheon’s core oil projects on the North Slope.

Which gas is committed to the GSPA that supports Phase 1 of the Alaska LNG project?

Gas produced from all of Pantheon’s leases (including Ahpun East leases) would be dedicated to the proposed Gas Sales Agreement with the AK LNG Project. In addition, Pantheon could sell any gas that exceeds the proposed contracted volumes that, in the highest case of 500 mmcfd for 20 years, would amount to 3,640 billion cubic feet (Bcf) out of a current estimate that exceeds 6 trillion cubic feet (Tcf). The Pantheon gas resources include Kodiak, the Ahpun West topsets, the Alkaid horizon.

Seahawk….the LNG gas agreement on its own if Dubhe is a successful drill will pay for the further development…..do your homework and you will see what this actually means when they say they want to be self sufficient.

The point I’m trying to make is that In mid 2024, Pantheon announced it had entered into a Gas Sales Precedent Agreement (GSPA) with 8 Star Alaska. Under a full Gas Sales Agreement (GSA), which the parties committed to use their good faith efforts to finalise by 30 June 2025….Dubhe plays a huge part in finalizing the FID for LNG project….as it seems like they are trying to get this finalized asap. So Dubhe “show and tell well” cannot be looked at in isolation and must at some point be under the LNG umbrella. But yes I get your point.

The Alaska LNG Project is permitted as an integrated project and has completed a full review under the National Environmental Protection Act (NEPA) by the Federal Energy Regulatory Commission (FERC) as the Lead Agency. The major permitting process was initiated in 2014 and was competed with all required Federal permits in 2020. Renewals and extensions are being obtained, as needed. Source: https://alaska-lng.com/regulatory-process/permits/