Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Baxi44 - not forgetting back in 2019-
the Company
Reached an agreement with eSeis (experts in seismic geophysics), granting them a 1% overriding
royalty interest (ORRI) on all of Pantheon’s Alaskan acreage (excluding Greater Alkaid) in return for
forgoing consulting fees of c.$2.7m. The Directors see this act as a great endorsement of the potential
of the project given eSeis’ expertise in geophysics and in Alaska
"Sp improving, now up 6.9%. I wonder how long it might
be until we get the stbilised flow rate? Any one have any idea how long these things take?"
Hopefully just in time for the next webinar
"they will rns flow data if its sufficient to underpin a fund raise"
Sittingbush are the shorters keeping the sp low and waiting to get out on a low sp fund raise?
If flow rates are successful, with a possible farm in soon, could the company defer fund raising and borrow against the Alkaid 2 oil sales income thus making it harder for shorters?
Apologies if questions appear somewhat naive
like this WHI quote -
We would definitely sleep better at night being long
Pantheon and accepting the inherent uncertainty of early stage appraisal projects than
having a short position on the name. Pantheon Resources undeniably has some of the best
early stage appraisal assets to emerge out of North America in recent decades. Should
Pantheon’s results continue to be encouraging, as we expect, short sellers may need to hang
onto their hats and get out their cheque books.
British American Tobacco expects to complete the sale of its Russian business to a local partner this year, the FTSE 100 group told investors Thursday.
I wonder if they will have as much of a problem recovering the sale proceeds as AMC appear to be having ?
COURTESY OF Scot on other board-
Canaccord Genuity view
Pantheon has received a report from Schlumberger, which Pantheon had engaged, which after a detailed six-month technical evaluation has completed comprehensive static and dynamic reservoir modelling of Pantheon's discoveries in Alaska.
Two results are of principal immediate interest: 1) Schlumberger estimates P50 net oil-in-place across three lease/unit areas in Pantheon's licences at 17.8 billion barrels; and 2) Schlumberger assesses P50 well productivity in the three main target horizons at c.800-1,000 bopd for a one-mile lateral well. We see these results as validations of both Pantheon's internal assessments of the very large scale of the oil-in-place resources and the potential well productivity. The reservoir models will significantly aid development
planning, and they are likely to form key elements of any future farm-out discussions.
We maintain our SPECULATIVE BUY rating and NPV10-risked target price of 300p and we see the Schlumberger report as an important step in the derisking process. Another part will be the initial, and longer-term, test flow-rates from the Alkaid #2 well which is still in the early clean-up phase. That real world test will be the start of the 'live' commercial evaluation and could be a significant market catalyst.
CEObaib, the company previously advised -
"Pantheon has contracted the highly regarded consultancy, Schlumberger, to complete a detailed dynamic 3D subsurface visualization of its various Alaska North Slope projects. This work, underway for several months, is advancing well. The information obtained will be used by the Company for its own analysis and will also be included in the data room which Pantheon intends to reopen subsequent to the completion of flow tests, in order to consider possible farm out partners for future project advancement."
Given the current returns trajectory, we expect a dividend payout ratio of around 50% for 2023 and 2024. We also intend to revert to paying quarterly dividends in 2023, although we expect the quarterly dividend for the first three quarters to initially be reinstated at a lower level than the historical quarterly dividend of $0.10 per share paid up to the end of 2019.