Member Info for BricksSA

BA already reported to market abuse…..after 6 posts :-)

Leesteuk, BA-64 (6posts) and bobsknees…..all working for Qube….lets teach them a very good lesson please. :-)

The strategic partnership includes:

A significant portion of the steel required for Alaska LNG’s 807-mile, 42-inch pressurized natural gas pipeline provided by POSCO, one of the leading steel producers in the world;

A 20-year Heads of Agreement for 1 million tonnes per annum of LNG offtake on a Free-on-Board basis. The HOA, the first HOA signed for the Alaska LNG Project, establishes commercial terms for the sale of LNG to POSCO International Corporation; and

A pre-FID capital investment in Alaska LNG by POSCO International Corporation.

The pre-FID capital investment in Alaska LNG is A BIG Statement at this stage imho.

Source : https://glenfarnegroup.com/glenfarne-posco-international-corporation-finalize-strategic-alaska-lng-partnership-and-projects-first-hoa/

With Thanks to Johhnycash :-)

I hear the train a-comin’, it’s rollin’ down the line, Dhube’s flowback’s near halfway, results are lookin’ fine. Retail’s got their tickets, they’re waitin’ on the news, PANR’s gas is rumblin’ — no way we’re gonna lose!

When Dhube hits that marker, the gas’ll start to roar, Retail’s cheering louder, they’re hungry for much more. The numbers keep on climbin’, the charts are lookin’ sweet, PANR’s train is thunderin’ — can’t stop this bullish beat!

The Retail Resistance :-) GLA.

And the possible results :-)

Valuation Scenarios

Scenario Assumptions Implied Share Price

Conservative floor Market only partially credits $250m GSA (25%) + modest oil cash flow ~35–40p

Base case Market credits full $250m GSA + 2,000 bopd valued at 3–4× cash flow ~70–90p

Historic re‑rating Market sentiment returns to 2023–24 levels (when PANR hit £1.50) ~£1.20–£1.50

Upside case Alaska LNG reaches FID, PANR booked as cornerstone supplier, oil production scales £1.50+ (potentially £2.00 if LNG monetization is fully priced in)

Big news that imho….heres what AI has to say.

Here’s the logic chain:

FID requirements: For Alaska LNG, Glenfarne must show (1) long‑term gas supply contracts, (2) long‑term LNG offtake agreements, and (3) financing commitments. Without locked‑in gas, the project cannot reach FID.

Pantheon’s role: Pantheon Resources (PANR) signed a Gas Sales Precedent Agreement with Glenfarne’s project company (8 Star Alaska LLC). This agreement is designed to be finalized into a binding Gas Sales Agreement before FID. That’s why it matters — PANR’s gas is part of the supply base Glenfarne needs to demonstrate.

POSCO’s agreement: POSCO’s 20‑year LNG offtake deal is the demand side. It shows buyers are ready to take the LNG. But Glenfarne wouldn’t sign that unless they had confidence in the supply side — which is where PANR’s gas sales agreement comes in.

Why sign now: By announcing POSCO’s deal, Glenfarne signals to the market that both ends of the chain are being secured: upstream gas (Pantheon and potentially others) and downstream buyers (POSCO). This builds momentum toward FID.

So the answer to your rhetorical point is: Glenfarne did sign with POSCO because they already have upstream gas agreements in place — including with PANR. Without those, the POSCO deal would be meaningless.

In other words, Pantheon’s gas agreement is not just a side note — it’s structurally essential to Glenfarne reaching FID. That’s why PANR is indeed a major player in this story, even if they aren’t yet producing at scale.

Https://www.pantheonresources.com/index.php/investors/presentations/719-investor-presentation-november-2025/file

Please read page 5…..Finalised gas sales agreement WILL support project financing initiatives.

Well if it can drop 20% in one day I guess it can go up 50% in 2 days :-)

Still a bit unsure as to why they announced this update after 40% flowback…..why not wait the extra few days until 50% flowback was reached….I mean these guys are so called professionals and whether they like it or not it’s part of their job to manage the SP.

If you look at their videos….music composed by Eric and Max……tells a story doesn’t it ?

This is all being staged imho…..fwiw.

As per website 1st quarter next year…..interesting plays ahead….as my belief is they can only list at $1 per share and if it drops below they get kicked off the market….however another poster pointed out that for an IPO a minimum of 4$ per share…..so not quite sure exactly …..will raise this as a question possibly to their PR.

The Company's closest analog to this well is the SMD-B interval in Alkaid-2 which was flow tested in 2023 and first measured oil production when a water volume equivalent to approximately 50% of the injected water volume had been produced.

Read the RNS again please !!

Dear Max and Eric,

We’ve been following your RNS updates with great interest, and we can’t help but notice a curious pattern:

At 20% flowback, you announce high gas and limited oil.

At 40% flowback, you issue another update — despite knowing that Alkaid‑2 only showed meaningful oil after ~50% recovery.

Which begs the question: why not wait until at least 50% flowback before making a song and dance of it?

Now, we’re not saying you’re trying to bail out the shorters or tee things up for a bargain‑bin entry price ahead of a U.S. listing… but let’s just say the timing feels more choreographed than a Broadway musical.

Rest assured, we’re onto you — and we’ll be watching closely when that magical 50% mark is crossed. Until then, we’ll keep our popcorn handy and our spreadsheets open.

Yours humorously,

The Retail Resistance

Relaxed after seeing this….

Pantheon’s Alkaid‑2 followed this same pattern, with oil appearing after ~50% recovery.

Therefore, Dubhe‑1 is still in the “early clean-up” phase, and the next 10–20% of water recovery could be decisive in revealing its true oil potential. GLA….imho….hold and or buy if you enjoy high risk investment which this obviously is :-)

Part 2.

How Permian shale wells typically clean up

Early flow dominated by water: After hydraulic fracturing, the well initially produces mostly stimulation fluids (water + additives).

Oil emergence after 40–60% recovery: Studies of Permian wells show that oil cut becomes representative once roughly half the injected water volume has flowed back.

Gas signal during clean-up: Rising gas volumes are common and often precede stronger oil flow, indicating reservoir connectivity.

Multi-stage frack dynamics: Each stage cleans up at different times, so oil rates can appear staggered until most water is out.

Produced water variability: The amount of water produced varies widely by geology, but the clean-up curve is a consistent feature across unconventional plays.

Comparing Dubhe‑1 to Permian norms

Dubhe‑1 has recovered ~40% of injected water, with modest oil and steady gas.

In Permian analogs, wells often show commercial oil rates only after 50%+ recovery.

Pantheon’s Alkaid‑2 followed this same pattern, with oil appearing after ~50% recovery.

Therefore, Dubhe‑1 is still in the “early clean-up” phase, and the next 10–20% of water recovery could be decisive in revealing its true oil potential.

Why this matters for investors

Short-term: Current oil volumes look modest, but that’s typical at 40% recovery.

Medium-term: Crossing 50% could “paint a different picture” — potentially stronger oil rates.

Long-term: The clean-up profile is consistent with industry norms, which supports Pantheon’s case that Dubhe‑1 may still deliver commercial results once fully cleaned up.

Thanks Marmaris…..what do you think of the below ?

In unconventional reservoirs (like Pantheon’s), fractured wells often don’t show their true oil potential until a significant portion of the injected stimulation fluids have been recovered. Early flow is dominated by water and gas, with oil only becoming representative once the well has “cleaned up.”

Why 50% matters

Fluid recovery threshold: At Alkaid‑2, meaningful oil rates only appeared after ~50% of the injected water volume was produced. Dubhe‑1 is currently at ~40%, so it’s still in the “water-heavy” phase.

Multi-stage fracking dynamics: Each stage can clean up at different times. Some zones may already be contributing oil, while others are still dominated by water. That staggered clean-up can mask the eventual oil rate until more water is out.

Gas vs oil signal: Rising gas volumes are encouraging — it shows connectivity and pressure support. Once water drops further, oil cut should improve.

What to expect

If Dubhe‑1 follows the Alkaid‑2 pattern, crossing the 50% water recovery mark could indeed “paint a different picture” — potentially revealing stronger oil flow. The company is signaling patience: they won’t declare representative rates until the clean-up is further along.

So right now, the modest oil volumes aren’t necessarily the final story. The next few weeks of flow-back could be decisive in showing whether Dubhe‑1 is commercial.

Would you like me to compare Dubhe‑1’s clean-up curve with typical shale wells in the Permian so you can see how Pantheon’s timeline stacks up against industry norms?

In short: Pantheon’s Dubhe-1 update shows modest early oil and steady gas production, but the well is still in clean-up and hasn’t yet delivered a representative oil rate. The bigger headline is the cost overrun—final drilling and completion costs came in at ~$33m versus the ~$25m originally expected, which has weighed on investor sentiment.

Key takeaways from the RNS

Well clean-up progress

Oil production began intermittently on 3rd November, with small but consistent volumes from 19th November.

Gas production has steadily increased.

About 40% of injected water has been recovered; Alkaid-2 only showed meaningful oil after ~50% water recovery, so Dubhe-1 may still be early in its clean-up phase.

Multi-stage fracking means different zones may clean up at different times, so patience is required before judging flow potential.

Cost overruns

Initial expectation: ~$10m drilling + ~$15m completion = ~$25m.

Actual: ~$33m, due to pilot hole drilling, core sampling, deeper SFS penetration, contingency measures, and inflation.

Plus $2.5m for the new Dubhe pad, which will serve future wells.

Market reaction was negative, with shares dropping over 20% on the day.

Operational implications

The pilot hole and core sampling add long-term value by refining reservoir understanding and de-risking future wells.

The pad investment is strategic, enabling more wells from the same site.

CEO Max Easley emphasized safe execution and deferred judgment until representative oil rates are available.

What this means for investors

Short-term: The cost overrun is a clear disappointment, and the lack of definitive oil flow rates leaves uncertainty. That explains the sharp share price drop.

Medium-term: If Dubhe-1 eventually delivers commercial oil rates, the extra spend could be justified as part of a broader appraisal program.

Long-term: The data gathered (cores, deeper reservoir penetration) could prove valuable in unlocking the Ahpun and Kodiak fields, but investors will want to see tangible oil volumes before regaining confidence.

I still believe the market has read this wrong….50% will show a different picture completely.

Possibly staged RNS pending the US listing is?

I think everyone here is hoping for that….SP worth 0.76 no need for consolidation….The High road…:-)

May well be…but I’m working on $1 minimum as per NYSE rules…..which will be around 2 to 1 consolidation once flow results announced….it could very well be a 10 to one consolidation which would make it $5…..

But come hell or high water…this share will be worth 1$ when they list…..know what I mean ? So plenty manipulation taking place imho.