Member Info for leesteuk

Cbarron

This is a place to express one's views which is what im doing,

Of course I'm speculating but based on facts as I see them,

Of course you can say I'm talking nonsense which is fine by me,

I feel the same about your comments but can't be bothered to express my opinion.

Bricks

I don't get your point ?

Bull

On a farmout I see plus 18p on the day the rns drops, eventually rising to 25p + within a few weeeks,

For a buyout I think very least 35p a share but could be 50p

Timeline I'm not sure tbh maybe Sept maybe sooner. All data in the data room will need scrutiny and rhat takes time.

Sprout45

The SP has dropped because lots of people bought in from 7 to 9p so when the sp went to over 12p recently many of those will have taken their profit and sold,

Regarding Panr "expertise" Panr has none of that and no money and no equipment,

The market does not rate PANR and their "lucky dip" phase of Panr trying to be a Mini-Major on a shoestring budget appear to be over (thankfully), the market lost faith with Panr ability to compleat a well properly hance the low price now,

Best way to view this is that your not investion in PANR anymore because If we get that farm out it will be like investing in a new company, with money/expertise/the very latest equipment (that panr could not even afford to rent let alown buy)

Panr failed miserably trying to go it alone, you cant blame them for trying but they failed and their time is over now. a farm out or sale is the only option, More dilution still wouldn't cover the costs of Panr hit and miss strategy and Spencer knows all this,

Spencer here along with Wilkins is huge.

I don't have the biggest holding here but I do have much Bigger than most and am I worried about our situation ? NO !

Yes past performance have been terrible but look at the size of panr acerage and look at the capability of panr as drillers! They are basically armatures compared to the big companies such as Hilcorp,

Panr tried to get oil to flow so they could make money to fund their ongoing work, they failed,

They will never be able to afford a project of this size just hit n miss all the time, they tried their luck and failed,

Now they have no choice but to farm out or even sell out because they have not the knowledge/money/skill/equipment to get the job done,

Companies like Hillcorp are specialist in Alaska with all the specialist equipment and knowhow to get the job done, have a good look at what they do and you will be much more confident here,

The only thing to worry about is will we get that farmout? I feel we will 90% hence I'm holding here,

If your scared of this failing then best to get out and save your money.

Yes its gamble but with Spencer brought and David wilking (ex Hilcorp) that tells a story to me!

I also feel Spencer would rather sell the whole lot if he could and even if it was sold at 50 cents a barrel ( mega low price) thar would still get us about 35p a share,

No it's not encouraging when the sp keeps drifting but that is not based bad news.

Would be good if Spencer puts out an RNS now and again to prop up the sp but obviously he's limited in what he can say, but he's an expert in these matters so my faith is in his hands.

This will rerate fast once a farmout is announced, just because the sp is dropping does not mean a rerate will be lower it will not.

GLA

Tony

It's a good job your not invested then isn't it !

Panr results are due around end of March, let's hope we get a little update from Spencer at the same time !!

Hilcorp’s Technical and Operational Advantages

Revitalising "Struggling" Wells: Hilcorp’s core business model—"acquire and exploit"—is built on taking over complex or underperforming assets and increasing production through aggressive technical interventions.

Proven Success: At the nearby Milne Point field, Hilcorp increased production from 18,400 bopd to over 50,000 bopd by reworking old wells and implementing advanced techniques like polymer flooding.

Superior Equipment and Rigs: Hilcorp owns subsidiaries that maintain some of the largest and most specialized drilling rigs on the North Slope.

This is critical for Pantheon’s Kodiak field, which is a deeper, more technically challenging "basin floor fan" system that requires high-specification equipment

Hilcorp is my bet for a farm partner, they possess all that is needed to get panr oil out of the ground,

More positive now especially with ex Hilcorp bigwig Davin Wilkins now a board member at panr.

Has to be a strategic appointment in my mind as with Spencer,

I've never been a ramper here but this could be at least a pound a share in 12 months

That's a x10 and I'm sure most people invested will then be out of the water,

But 1st 18p 20s 30s and up,

all dependant on that mega important farm out ! GLA

As of March 2026, Pantheon Resources (PANR) is primarily classified as a company with 2C Contingent Resources rather than full P2 Probable Reserves. While it has some certified reserves, the vast majority of its multi-billion barrel potential remains in the "contingent" category, awaiting commercial validation.

Is pantheon resources a p1 or p2 company

+5

Based on discussions among shareholders and investors as of March 2026, Pantheon Resources (PANR) is currently classified by stakeholders as a P1 (Project 1) company, with the goal of advancing to a P2 (Project 2) company to significantly increase its share price.

P1 Status: Represents the current stage of development, where the company is often seen as having high potential but requires further milestones, specifically a "farm out" (partnership deal) to reach the next stage.

P2 Goal: Investors believe transitioning to a P2 company could lead to a substantial increase in the share price, potentially over 2 quid (£2).

Dickie

Spencer under water yes but he's minted so in no desperate need and his shares won't affect his future lifestyle, that's why when this hits his break even he will continue holding,

At the moment we're classed as a p1 company if we can get to a p2 company the sp would be well over a quid prob over 2 quid,

1st things 1st tho, need that farm out !

Dickie

I dont think there will be any news at all re pressure readings or anything, Its all about the farm out, WHat would help is an RSN now and again just to say somthing such as , x amount of companies interested, or talks going on with xy or z that kinda thing, that may stop the decline,

If your a LTH here i dont think theres anything to worry about, Watching the sp drop day after day will drive you mad, though as all LTH will know,

Do not do anything on my advice just DYOR i have,

I have no idea of peoples holdings here (apart from James which he constantly tells us all) or peoples avarage, It was me who asked Spencer what his avarage was in the webinair last week, I thought it would have been a lot higher than 25/30p though,

GLA

Brickssa

Remember at 24p last year you said "I advise everyone to cancel your stop-loss feature and buy more 😉

Cbarron

That was bad timing by me and I quoted an sp IF we get a good farm partner not plucked out of thin air.

Is a few small updates of how things are progressing, we need this to keep the sp stable during the farm out process,

We do not know how long talks have already been ongoing, or how long they will continue, therefore we do not know when that RNS will drop that hopefully signals the farmout is basically a done deal,

I personally do not want to be out when that happens!

Cbarron

Make no mistake that the single biggest catalist here is getting a farm out deal in the bag. the fact that a partner has scrutinised all Panr has to offer and decided to be a partner would be huge to the market. Even if it was to be a small independent company it will likely jump to 15p sp rapidly.

Dickie

I dont think anyone is 100% how it will all play out matey, Were hoping its ends well,

Good signs are the new board members, Not Just Spencer but David WIlkins who was senior vice president at Hillcorp Energy, who operate close to Panr and are knows for buying under seveloped fields, They are a big player in the USA,

Maybe theres a link there !

The fact there are multiple parties in the Data room is another plus,

Also if panr were to be bought out (as you think it may be) the offer price would be based on asset value which could/should be very large based on current data, so again minimum 20s imo, and that would be a low offer, could easily be 40s 50s (pence per share)

The down side is that the SP is likely to drift more untill any farmout deal is made, But try not to worry about that because if the sp was 5p or 9p it will still rerate to atleast 20p ( rapidly) once a deal is made, as long as its a decent deal, even if its not the best deal the sp will still rise up to mid teens,

what i class as a good deal would be a medium size player coming aboard, if a supermajor player came in as a partner then it would be hold onto your hats !

Hillcorp is a major player in the USA and Alaska but not a supermajor and would be great for Panr ! My money is on Hillcorp hopefully !

Dickie

My target price is 25p then I will take 2/3 out and let the rest ride hopefully to 40p plus,

Everything hinges on that farm out being sorted,

When an RNS lands confirming that then this will hit upwards of 20p within a week,

Of course that is with a good farm out deal which is why I think Spencer was bought in to negotiate that,

As always dyor and good luck

China plate

I purchased over a million shares last week at just over 11p then 10k worth earlier this week,

Not the best timing and I'm near enough 18k down in a week,

What you need to remember is, when you have a large holding that even a small % drop is thousands of pounds, but same applies to a small % rise, its all relative really

I have nothing like the amount JamesHenry professes to hold but it depends on his average if he's up or down at this price.

Look at lord Spencers holding, he must be millions down but if his average is 25/30p he will get that back and more if this all goes to plan,

Personally I got my timing wrong but as I said before once I hit my target price that's all that matters.