Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Malcy not convinced per his comment -
"I’d like to say that it might change anytime soon but I don’t see that and can’t hold up any hope that the authorities are doing anything to develop Heron, at least in the short term."
"I dont think David Hobbs has ever said "no dilution" - from my recollection he has always spoken about "minimizing dilution for existing shareholders"
Quite right Tony, which is a statement that many shareholders will appreciate.
From another Board -
The AGDC point to the presentation slides for basic economic considerations.
Using guided input cost and sale price, along with financing headroom shows a robust project.
hxxps://www.akleg.gov/basis/get_documents.asp?session=33&docid=29743
Global LNG Japan current price $8.993
Enstar has stated importedLNG as cook-inlet replacement could be $16 double the baseline cost of AlaskaLNG phase1.
From AGDC website:
Pipline capacity 3.3 bcfd
Long time planning 3.1 bcfd
Pipeline development economics look sound:
(All figures are illustrations)
8$ mmcf delivered price gas out
1$ mmcf gas in (PANR)
Gives 7$ per mmcf to build and finance pipeline.
7$x1m =7m$ per bcf x 180bcf (PANR agreed supply with AGDC)
Revenue on 180bcf per year is 1.26b$
10.7b$ project build out cost but let’s say 12b$ for headroom.
Funded @6% amortised over 20yrs & 30yrs
Gives 700-900m$ per year financing payment.
Ramp up to clear 300m$ profit from base line Instate supply of 180bcf
(1.26b$ rev less 900m$ financing payment)
Senior debt - Federal guarantee loans 60%
Junior debt - mostly likely 20yr, 10yr bond
Mezzanine debt - investment bank/balance sheet.
Phase2 export:
Additional compression stations on pipeline say x4 to push volume.
Max capacity to 3.3 bcf per day.
1277 bcf per year.
Long term planning based at 3.1 bcfd
Profit ramps on forward curve as debt is covered from baseline phase1
Additional profit as loans get paid down.
Obviously this there are tax implications to deduct but it’s hard to argue with the general concept of this calculation.
Evil Diaries: Time Again To Buy Oil Shares
By Evil Knievil 15 April 2024
Markets seem to be indifferent to energy supply security problems that are inexorably emerging in the Middle East. So I repurchased Pantheon (PANR) at 36p. The target price remains over 100p by 2025
Obviously he is focussing beyond current sp turbulence.
Mystic
as I explained to you previously the Pantheon sp has never been as low as one third of a penny so please do not post incorrect rubbish -
you posted -
"Are you being serious? You honestly think I'm over here returning the favour (from my dear friends) after buying PANTHEON at 0.0033? "
Must like this -
Global Brands will be servicing Distil's UK grocery, cash & carry, and convenience customers effective immediately. Utilising its extensive sales network, and proprietary logistics and warehouse capabilities, this new venture offers the opportunity to work closely with a long-standing partner to accelerate brand growth.
Distil's relationship with Marussia Beverages, who service UK on-trade and premium off-trade customers, remains in place.
In light of the new partnership, Commercial Director, Alex Baker, who previously led customer communications, will be stepping down from his role at Distil to focus on his consulting business effective from the end of March 2024. I thank Alex for the support that he has given the business during his time with us, and we wish him all the best in his new ventures."
Julian Atkins, Managing Director at Global Brands, commented;
"After a fruitful relationship collaborating on our ready-to-serve 250ml cans, we're really pleased to be working with the team at Distil on the distribution of its brands in the UK off premise. We've long admired the RedLeg brand with its eye-catching logo and great liquid so I'm looking forward further driving its availability, and that of Distil's other brands, for consumers."
Chariot are saying that their transitional energy group spanning natural gas, renewables, and green hydrogen requires funding in the near and medium term to fulfil its potential.
Following fundraising in 2022 at 18p and in 2023 at 14p and a current sp of less than 8p it is perhaps not a surprise to have a Strategic Review.
Fernan it seems pretty obvious that the impact is negative based on the 2022 fundraise at 18p and the 2023 fundraise at 14p
"Progress is better than some think. Had perforation worked, the tune would be very different now. There is lots of potentially positive news flow over the next 3-6 months. Patience."
and all the while you are able to top up at 8p when only a couple of months ago you could have been paying 14p
This was posted by someone on Discord today -
"Dear Alistair,
Apologies for my delay in replying.
We haven’t yet made a decision on what our UK listing position will be following a US listing. However, I can inform you that we value our UK investor base and at a minimum would anticipate holding onto our UK listing for a number of years.
In terms of ISA’s, you should also note that these can hold US stocks.
I am a UK resident and hold Pantheon stock in my ISA too, so I am aligned with UK shareholders.
Best regards
Justin Hondris
Director
There were a few people raising concerns here about this situation so I thought I would share this reply from Justin Hondris. Hope it helps."
Per today's 88E RNS
Experienced members of the Pantheon Resources staff are being made available to share their relevant recent and extensive knowledge of multiple flow tests on adjacent acreage. We expect these will be valuable insights during flow back operations. 88 Energy has also strengthened its own internal technical advisory team with additional engineering expertise.
A) PANR's gas is 3% CO2 which is *crucial* for regulatory and LNG export compliance (happy to be corrected). The other sources of gas are going to be the fields to the north of PANR's acreage: Prudhoe Bay, Kuparuk River, Alpine, etc. where the gas has been re-injected back into the reservoirs for the last 40 years. This non-PANR gas is rather high in CO2 so it needs to be mixed with lower CO2 gas for the gas pipeline to receive the go ahead. It *appears* PANR's involvement may be *pivotal* to this project. B) I have no idea what price PANR will be able to sell its gas if the gas pipeline goes ahead. However, a nice way to look at it is the base case scenario. This would see the gas "given away for free" but that would still be a massive positive for PANR. How so? Because in one fell swoop it removes the requirement for gas re-injection wells to be drilled and maintained throughout the entire PANR development project. Back of the envelope? This could save PANR approx 20% on capex? We're talking a saving of perhaps a billion dollars, maybe more? On a project which our BoD has already declared as commercially sustainable at $40 oil, a reduction of anything approaching 20% on the capex number will have a *massive* effect on the base/likely/best case economic models. If/when the Alaskan gas pipeline gets the go-ahead, expect the PANR SP to move up sharply. There's also every chance that increased speculation around the Alaskan gas pipeline getting the go-ahead will see increased interest in PANR before any official confirmation. I guess we watch this space? Governor Dunleavy (of Alaska) will be presenting/speaking at CERAWeek, 18-22 March in Houston. So, too, is Senator Manchin - the extremely influential Chairman of the Senate Energy and Natural Resources Committee.
19.12.23 -
the Company offered and the industry regulator, the Mineral Resources and Petroleum Authority of Mongolia (MRPAM) accepted that Petro Matad would make these payments. The money has been paid into the appropriate MRPAM account and is awaiting transfer to Dornod Province once the Ministry of Finance gives approval for this to go ahead. The mechanics of the transfer have taken some time for the Government to determine but we are pushing and expect this to go through soon.
As the header states, the accent is on the WAITING !
"Mineral Resources and Petroleum Authority of Mongolia (MRPAM) accepted that Petro Matad would make these payments. The money has been paid into the appropriate MRPAM account and is awaiting transfer to Dornod Province once the Ministry of Finance gives approval for this to go ahead. The mechanics of the transfer have taken some time for the Government to determine but we are pushing and expect this to go through soon."
How soon is soon ???