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Any potential investor in PANR should really verse themselves in the difference between Pantheons acreage and the ANWR land which Trump and now Biden have had such influence over. It will then demonstrate the strength of the companies location.
https://oilprice.com/Latest-Energy-News/World-News/Major-Oil-Producers-Insulated-from-Bidens-Leasing-Ban.html
An interesting article, which clearly shows the value of Pantheons Alaskan acreage being on State land. If this article is anything to go by, I shouldn’t be surprised to see a major move in to acquire PANR once Talitha has been proved up.
Copied from ADVFN:
Today's comment from W H Ireland re PANR and Otto: Pantheon Resources (PANR) – Corporate – Acquiring 100% of Talitha Unit with Shares Market Cap £287m* Share Price 41.4p Pantheon announced that is has acquired the 10.8% of the Talitha Unit it did not already own, bringing its interest to 100% in the unit. The vendor, Otto Energy Alaska, will be provided with 14,272,592 shares in Pantheon Resources as consideration. The company continues to drill ahead with the Talitha#A well. WHI View: The transaction is value accretive for Pantheon and we increase our fair value estimate to 89p from 83p. As a reminder, our fair value estimate includes 25% of our success-case valuations in respect of two of the four targets that the Talitha#A well is intended to evaluate, namely, the Talitha Brookian Shelf Margin Deltaic and the Talitha Kuparuk.
Updated map following the latest lease sale
https://dog.dnr.alaska.gov/Documents/Leasing/SaleResults/NorthSlope/2021W/NSA2021W_Results_Map.pdf
Looks like Pantheon participated successfully in the recent lease auction.
https://dog.dnr.alaska.gov/Documents/Leasing/SaleResults/NorthSlope/2021W/NSA2021W_Bids_Received.xlsx
https://twitter.com/pantheonresour1/status/1347146186898231301?s=21
hTTps://aws.state.ak.us/OnlinePublicNotices/Notices/Attachment.aspx?id=125422
Page 5 of the above application gives all the key dates for the upcoming Talitha drill.
I was wondering if anybody would mention that!
Is anybody else finding the stream of tweets from Pantheon's twitter page strange? Some of the content they are sharing seems contrary to what they are doing in respect of Alaskan oil exploration - Maybe it's just me though!
I watched the Bloomberg interview with Mike Wirth of Chevron regarding the Noble purchase earlier this week and he certainly seemed like he had other targets on his acquisition list. Definitely worth a watch if you have access to the terminal.
https://www.youtube.com/watch?v=5boGFctPCv0&feature=youtu.be
Looks like they're getting the word out more and more!
https://oilprice.com/Energy/Energy-General/Small-Oil-Firm-Reports-Huge-Alaska-Oil-Discovery.html