Member Info for Jason1974

Exactly. As David Hobbs says these are fantastic results, he understands investors will expect our vendor negotiations to be positively impacted. He’s previous communicated $120M to $150M of financing. Bottom line is that short term sp price movements isn’t important relative to the underlying business prospects. DH says these are fantastic results, so my expectation is this will solidify vendor financing. That confirmation in Q2 will propel the sp much higher.

The biggest impact will be on our stock price. To this point we don’t have a reputable third party willing to put capital at risk for the opportunity Pantheon presents. That’s a killer when trying to access capital markets. That all changes when Pantheon secures $120M to $150M of vendor financing. It means that equity financing becomes more attractive. Nothing succeeds like success.

If an oilfield service company signs on the dotted line by June 30, 2024, to fund development as David Hobbs intends, that changes the game. Great resources don’t mean much if they are not being developed. He’s also sanguine on Pantheon’s sale of gas into the PL. If that is firmed up, it is off to the races.

I love these moments when a stock begins to reveal a momentum shift. Such a time is now. Enjoy the ride as positive information continues to drip into the market and shorts cover adding fuel to the rocket. See you at $1.00!

Why should there be a trading halt? The market was expecting news from the Hickory-1 well.

500mmbtu/day X $1 X 365 = $180M

@Troughsnout,

All I needed to do was go to their homepage. Management is engaging NS for a full economic analysis, as we would expect. I don’t believe there is an effort to be less than completely transparent.

“Pantheon’s near-term focus is to prove the resource, reserve and commercial potential of its Ahpun project, where the Company believes a significant commercial resource has been discovered and successfully tested at Alkaid-2. Netherland, Sewell & Associates has been contracted to provide an independent assessment of recoverable resources at the Ahpun project which is expected to be completed during Q1 2024.“

Troughsnout,

Pantheon’s homepage says the following about what is expected to be delivered on Ahpun by end of Q1:

“Netherland, Sewell & Associates has been contracted to provide an independent assessment of recoverable resources at the Ahpun project which is expected to be completed during Q1 2024.”

Recoverable resources cannot be estimated without determining commercial quantities. Economics must be considered. 🤷‍♂️

@Troughsnout,

The lack of an economic analysis for Kodiak is concerning. Did the NS resources report for Aphun also omit an economic analysis?

I’m long the stock, but the risks here are enormous. Anyone shorting the stock is probably better aligned with reality. I’m here because I love home runs and believe in DH.

“The updated Independent Expert Report from NSAI on our 100% owned Kodiak project and the two Independent Expert Reports from CGA and LKA have shortened the timeframe for potential partners to fast-track their technical and commercial due diligence to meet our target of concluding non-equity funding arrangements by the end of Q2 2024. “

This is firm a commitment to funding available by the end of 2Q. It is always nice to see a more clear picture of the future.

If you are expecting signed deals for financing, you are going to be very disappointed. The goal is to have a funding plan by the of Q2. Expect nothing more than “ongoing discussions which we believe will result in agreements to provide $120M or more of vendor and offtake financing,”