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Personally I think this will be taken out well before then at £5-£6

Hope you've got it on ice!

And on the flip side, if results come in as expected or better, then the SP could mulitbag. It all about Risk/Reward, hence were not at £5 right now

I reckon NCM have to make an announcement Tuesday evening at the latest?

I reckon total Depth will be reached today of TW. More game changing results just around the corner

Looks like MM's are getting squeezed

Nothing to see here Hug, now move along, there's a good chap.

Theyre all over this

Anyone trying to buy in now will simply have to pay more. The risk is reduced, the price goes up, it's simple arithmetic's

Further funds will be required to develop the field, but at that stage, I would expect the sp to be north of £5-that's if were not taken out before then (which I fully expect)

And for those who can't be arsed to look up the RNS's with regards to funding:
The Equity Fundraise was significantly oversubscribed and the Company, having taken into account the strong support received from existing and new investors, decided to increase the size of the Equity Fundraise to $38 million. In addition $3 million has been raised through the Retail Offer.



Accordingly, aggregate gross proceeds of approximately $41 million have been raised through the Placing, Subscription and Retail Offer. A total of 47,637,583 New Ordinary Shares have been placed and subscribed for pursuant to the Placing, Subscription and Retail Offer at a price of 65 pence per Ordinary Share (the "Issue Price"). Canaccord Genuity acted as Nominated Adviser and Sole Bookrunner in respect of the Placing. Olivetree Financial Limited acted as UK placing agent.



The additional funds raised in the Equity Fundraise will be applied towards further development of the Company's asset portfolio, which could include additional drilling, testing and completion, and the strengthening of its balance sheet ahead of future farm-out and/or financing negotiations.



In addition, the Company intends to elect to increase the principal amount of the Convertible Bonds from $50 million to $55 million in accordance with the terms of the Bond Documents. The issue of the Convertible Bonds is expected to complete at latest on the business day following admission, subject to customary conditions precedent as described in the Company's announcement of yesterday. As part of the Placing the Convertible Bond Investor increased its subscription to $3 million.

4 posts Hug and your asking stupid questions like that-Suggest you do some research-You'll find all the answers in the RNS's

I have to say I'm really impressed how smoothly this whole operation has gone, from the fund raising, making the ice road and drilling/testing to date. Must surely be ahead of schedule?

Fully funded :)

Based on value of 88e, Pantheon should be at least £5

I echo that GS. Todays increase is just punters waking upto to the fact that the oil we said we had is actually there and easily accessible.

Personally, I'm not interested in what happens to the sp on a daily basis. I'm looking at a buy out within the next 6 months. The big boys will be all over this on positive drill results.

I think were going to look back at this price and wish we had sold the kitchen sink to buy more

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https://news.sky.com/story/covid-news-latest-record-breaking-omicron-wave-to-test-the-limits-of-nhs-12507015