Member Info for jazbo

"Does he also talk about PANR?"
It would appear not
but
it is nearly the length of War and Peace

In the event of a no vote being successful, where does that leave the credibility of the BoD going forward ?

cbaron Alkaid may be only a small portion of PANR assets but Alkaid's outcome also materially impacts on the second half of managements share options given last January.

on the other board someone has mentioned that one of the tech experts following the latest flare pics is suggesting and reckons it indicates an oil flow of between 1500 bpd and 2307 bpd of oil.

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.

So BeanKounter Capital thinks -
"Investors should do their own research and come to their own conclusions on Pantheon, but I’m willing to take a flier on the company to see how things go over the next couple years. "

Chancellor Jeremy Hunt has decided to reduce the capital gains tax allowance (CGT).

It will be reduced from £12,300 to £6,000 from April 2023 and £3,000 from April 2024.

I'm sure Eseis are still comfortable having forgone payment of $2.7m in fees for their 1% royalty payment

Didn't the company turn down a £1b farm in offer for a minority stake

I did not expect to be able to add again at these prices so took the opportunity before the flow results burn these shoerters

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."

Good sharing RKHChippy, but have you promoted Scot or do you mean Scot126 !

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.

"Under the terms of the Serica Proposal, Kistos shareholders would receive for each Kistos share:

· cash of 90 pence; plus

· 1.29 new Serica shares."

The best use of Serica resources ? Surely the BoD can do better.

It was referring to the partnering of the renewable energy project in Burkina Faso. It also said Eren intends to join in with the Project Nour.

I wonder what the terms of the Board's free share options would have been if the WFT had been known beforehand ?!

5. Alkaid #2 well drilled, cased, and fracced 7/15/2022 10/15/2022

Presumably the terms of these NIL-COST LTIPs is another reason for the BoD to restrain any dividend generosity to shareholders who have paid for their shares.

Malcy's thoughts -

"You couldn’t make it up, the bad luck that has rained on Mike Buck and his team at MATD recently but at least is is surely transitory and that the company is doing everything they possibly can to be ready to move fast to ensure that Heron 1 will be up and producing as soon as is possible.

I have written a good deal about China’s current woes in recent blogs but in the oil price section as the lockdowns in Shanghai and more recently Beijing have concerned markets with regard to Chinese economic growth. Now we have evidence of more micro problems and to add to the Covid problems they now have social media warriors getting involved.

Despite all this I remain confident that Mike and team will overcome the problems and backed by the Government will before long get Heron 1 on stream and get the longer term programme up and running, this is no time for faint hearts…"

Food for thought from a poster on the other Board-

"I think there are two parts to this: Production - Heron and Exploration - Raptor.

With all the storage facilities full when shipments can restart, I have no doubt that PetroChina will be wanting to try and catch-up lost production. If Heron is brought on line it may not be so simple to keep it producing. If PetroChina can ship oil out a lot faster than they produce then this will only be a slight hold up. Even with the Govt. permit MATD need to get the locals on side - thanks for the research TGM. This might be a bit harder and take a bit longer. How long will the Covid restrictions from China remain in place? Who knows. So production this year may be a big ask.

However I think that an exploration well or possibly two could well be on the cards.

Making this a tough call.

If neither were to take place, then the price will drop - not particularly insightful- should they drill the exploration well there could be a good run up and obviously if they find oil in the quantities they hope for then it could be the moonshot.

What to do."