Member Info for cbaron

RNS 19 October 2023

"The re-entry of the Alkaid-2 well and flow test of the Shelf Margin Deltaic B ("SMD-B") horizon is now complete at the end of the programme to frac, clean up and flow the well. The Company is pleased to report that testing operations have been successful at demonstrating producible oil from the SMD horizon in the Aphun field, which is comprised of both the shallower SMD formation and the previously tested deeper Alkaid ZOI."

......and it can be got out of the ground.

RNS 29 August 2023

"Pantheon Management Commentary on the Kodiak NSAI IER

The 2C estimates (best estimates) of oil and natural gas liquids ("NGLs") total 962.5 million barrels of marketable liquids. As previously advised by management, the NGLs on Pantheon's projects are of material value as they can be blended with the oil and the combined stream of oil, condensate and NGLs has been estimated by management to yield approximately 90% of the value of the Alaska North Slope ("ANS") price per barrel.

The management believe the Kodiak NSAI IER supports the Company's development plans for the Kodiak project, which will involve development of leases totaling some 126,000 acres (including the recently awarded additional acreage), delineated by the Company's proprietary 3D seismic and confirmed by three wells (Pipeline State 1, Talitha-A and Theta West-1). The field is defined as the hydrocarbon bearing horizons contained within the large basin floor fan between the Hue Shale top seal and the underlying HRZ shale, from their downdip pinchout east of Talitha-A running to over 15 miles northwest into the new "chimney acreage" acquired in the 2022 area wide lease sale. The Company believes that this is one of the largest basin floor fan systems discovered onshore in the past few decades."

I fear that this information may be lost amongst the nonsense and self-congratulatory share purchase drivel!

Keep up the good work!

We need facts and reality in the forefront, particularly from those in the industry who know what they're talking about.

It certainly beats the cretinous posts from those who promote faceless bloggers and others keen only to tell us when they last topped up their share account. The former deny any justified factual points, the latter don't seem to get that it's the fundamentals which will ultimately drive the value and therefore the SP, not some magic fairy in control of day to day SP movements.

Just for balance you understand.

10.39

If you look at the Illustrative Timeline shown in the presentation and listen to the commentary, the field development of Aphun runs concurrently with financing and financing discussions are already taking place without a flow test. If the company is confident that it doesn't need a flow at this stage and potential financiers don't require one, then so be it. They're the experts.

09.57

Indeed. Thanks for the compass correction.

Sorry, should have read,

"the final results from the recent exercise"

Blackadder,

That particular somebody and his team are delivering and we look forward to the next piece of key information in the results from the final results recent exercise.

All moving to prove the resource and the deliverability of the asset.

Let's not forget we are in a tight play here (not one eschewed by the majors) and clear evidence shows that the porosity and permeability improve from here to the north and north east into the 'chimney' licence areas. Arguably, we are therefore testing the worst area first but one which is readily deliverable into TAPS with less CAPEX requirement and greater ability to deliver positive cashflows which serve to reduce funding requirements.

What's not to like?

12.22

Mmm??!! And so geology is irrelevant to the company , its value and its share price?

Mark Twain is credited with the following:

"It is better to keep your mouth closed and let people think you are a fool than to open it and remove all doubt."

Wise words - take note.

When one sees one's moniker referenced, it's fair game to respond - as I'm sure you'll agree I'm perfectly entitled to do.

That it comes back with interest is also fair game.

12.53

"Not for cbaron."

What on earth is that supposed to mean?

It's probably on the up arising from a few positive discussions about fundamentals and strategy.

It certainly won't be as a result of your infantile SP commentary - we can all see that. It's blue, it's red, it's up - DOHHHHH!

10.54

I ought to have added that I believe the CAPEX and funding requirements quoted in last week's presentation are based on this strategy

My take is that the company wish to concentrate on the current location to prove it up and begin production close to TAPS, with no short seasonal influences. Positive cashflows will then cross fund the return to open up the other field areas without the need for greater than necessary CAPEX.

If, in the meantime there is interest from outside then all well and good.

Interesting article this morning on the BBC website Home page.

https://www.bbc.co.uk/news/business-67087678

Worth a read.

cb

09.54

Dickie,

On 13 Oct at 12.20 you said;

"Best to filter or REPORT these trolls but DO NOT ENGAGE them directly or answer them by name."

Good to see that you're being consistent!

cb

If you're not in league with the provocateur then STOP making reference to him - your performance yesterday was arguably as bad as his.

Olderwiser,

Many thanks for taking the time to share your thoughts and calculations - very informative and hugely appreciated.

cb

10.18

Peaky,

Again I don't think we disagree on most of the principles. Foolishly, perhaps, I haven't sold a share since the 2022 peak, save for a bed and ISA, therefore immediately bought them back in the tax wrapper; I even bought a few more in a relatively small amount very recently. I have a six figure investment commitment here and still believe in the fundamentals of the business. I'm as frustrated as anyone at the current SP arising from some own goals, a bit of bad luck and some market shenanigans; not least some people here and elsewhere hell bent on undermining the company with Machiavellian intent.

My views on the very recent performance have been expressed.

I'm here for the long term.

Good luck.

cb

Peaky,

Thanks for your reply.

I agree with all of those positive points but have difficulty in putting those together to make the final, as I see it, gigantic leap.

Good luck.

cb

Typos - last sentence:

Keep it simple - many of the current and potential future investors are lay people.

One final point - reputations and experience speak for a lot, but in this day and age so do slick presentations and I fear that this needs a serious review by PANR as slick it most certainly is not. Lots of explanation left out especially in relation to the the myriad of unexplained acronyms. keep it simple - may of the current and potential future investors are lay people.