Member Info for jazbo

Whatever happened to the Chariot licences in Brazil after AziLat dropped out of the farm in?

If Managem has taken a big chunk of Sound and Managem is over 80% owned by Al Mada then is it a possibility that PRD will suffer a similar fate ?

(Al Mada, formerly the Société Nationale d'Investissement is a large private Moroccan holding company mainly owned by the Moroccan royal family. )

Clearly nothing new in the figures but it has been busy post the period end in what is a great and balanced portfolio. At Anchois the excellent farm-out to Energean will mean, apart from the $10 up front fee, a great deal of activity and Chariot is well placed to take advantage of the race for gas and as we know in Morocco prices are high and fiscal policy welcoming. This is equally good for the Loukos onshore assets where the company drilled two wells one of which will be testing later in the year.

The huge renewables business is under strategic review but that doesn’t mean that activity is not ongoing in a number of key areas and as such I would expect to see more action in South Africa and Mauritania. The overall positive nature of the Chariot business means that there appears to be a huge ‘backlog of good news’ building in what has been a disappointing share price.

With so much of that news about to be seen in the market one way or another I believe that Chariot is poised to deliver for shareholders.

Labour’s proposed changes to the Oil and Gas Levy would:

• Raise the rate to 78% from 75%

• Backdate the tax to the start of 2022

• End investment allowance

"Update on Pantheon's funding strategy

The agreement with AGDC has provided Pantheon with potential additional funding path flexibility with the overall goal of funding all expenditures from FID to the point of cashflow self-sufficiency on terms better than could have been achieved through the previously announced vendor financing. Consequently, the Company sees no benefit in continuing those discussions as part of an overall funding strategy. This would allow future service contract discussions to focus solely on quality and cost of service without the need to balance funding objectives.

Pantheon's management remain confident that planning on a conservative basis remains the right approach and expect to be able to lay out the full strategy for achieving funding to FID and beyond as originally planned, by the end of June 2024. "

As previously posted on this board -

"PM is funded until 2025, has the option of a previous untouched soft loan from Petrovis"

The Company hereby announces the conversion of an amount of £40,000 of the First Convertible Security issued on 6 December 2022, Admission is expected to occur on or around Thursday 30 May 2024.

Stas you posted this -

"Compare that with what I said, " Just telling you how many millions and millions of FREE shares they have issued themselves as part of the Share Option Plan and how many more millions they still have to go."

Are you sure they are free ? or is your comment misleading?

David85 - you said "the shenanigans went on for years until I sold at a loss and moved on. "

I am sorry for your loss which sounds like it was large because from your posts it does not seem that you have been able to move on.

Malcy's comment was -

Also the recommended acquisition of Touchstone is in my view going to be a very important deal for TXP, it will as they say ‘provide scale and strength’ along with flexibility almost my exact words from the blog after its announcement. The way that onshore Trinidad works it is crying out for consolidation and now TXP are the big cheese in country they will have more sway where it counts.

The only reason Stas posts on this PANR board as per his post 18.4.24 11.25 -

" I shall cease my input on this board, .....unless of course Scot and olderwiser that have absolutely no financial interest in 88e continue their attack there. "

Malcy still hoping 1

"I think it would be an error to draw anything from this initial well in the area and as Duncan Wallace says , there is still much to be excited about for the company’s other prospects locally. With the rig moving directly to drill the next prospect the excitement continues and with so much to look forward to both here and at Anchois, Chariot remains a very favoured Bucket List stock.

Munnie,

Stas also posted on 18.4.24 that he was going to post on PANR about all possible negatives until Olderwiser and Scot stopped posting on 88E pointing out the negatives compared with some of the blatant 88E ramping posts.

Perhaps he was negotiating to send illegal immigrants there as it is the lowest ppoulated country per kilometre.

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.

All these posters with no information and forecasting doom

or

the Executive Chairman with all the information available, who last month invested in another circa million shares

You decide !

Tony -

"research analysts at Canaccord Genuity currently have a GBX 85 ($1.08) price objective on the stock. "