Member Info for NASA1

No secret Spencer wants the share price materially higher, any farmout is going to reflect that.

Michael Spencer said: "Pantheon has excellent assets and great potential but that is sadly not reflected in today's depressed share price. As a major shareholder in the Company, I am looking forward to working with the Board including incoming NED David Wilkins, and Max Easley, the Chief Executive. With his team, we will together determine the best route to unlock the value we all agree exists in our resources and acreage. I am looking forward to updating shareholders on our progress in the months to come."

20p plus in the next couple of weeks at this rate. The volume coming in is relentless.

After Easter, at some point this month, we should have all approvals and extensions announced. Cameroon and Namibia. This will bring in nearly £3m in immediate cash as well.

Obviously there was an election cycle. So that took a large part of last year out. The newly formed government and departments have only come back Jan/feb and now SNH have given the nod to MINMIDT, the PM's office is involved in bringing it to a conclusion.

BREAKING: Brent crude oil prices officially surge above $110/barrel, now up another +7% tonight.

https://x.com/i/status/2039566242672214348

Brent back up to $103. So much news to come here, with oil flying. Timing is everything.

0.0267 paid. Moving back up, let's have 0.03's on the score board before news starts landing here!

Ticked back up. Cheap stock at 0.026 taken quickly. Hopefully by the time the news starts landing this month the overhang will be cleared as well! Be good to have it staging up from 0.03-0.04 when news hits.

0.269 paid. Sub 0.03 gradually getting cleared. It's set for a huge run

I think we push 0.03 this week. Live BRENT just crossed $108. The news is stacked:

Cameroon farmout

Cameroon licence extension

Namibia farmout

New block approval by end of April

Oil flying, May delivery contract is $115 now. Farm out approval and extension is imminent.

Looks like stock under 0.03 is being cleared, ready for a move up.

No reason it couldn't hit £50-£100m (0.12-0.25) conservatively on the run up to the drill imv, always difficult to be exact with the nature of AIM, it could overshoot, the macro is definitely in it's favour (Oil at $100). They'll have close to £3m in the bank on approval so that should remove any placing risk for the next 12 months or so, they're completely free carried on the drill.

Any initial sell off post approval gets absorbed quickly imv, after that it’s catalysts stacked on catalysts. Tower get cash on approval circa £2.75m, then rig booking, then mobilisation, all the way into well testing it's completely derisked. That’s the kind of setup that drives sustained multi day momentum, the sort of move where it can grind higher day after day as each milestone is anticipated and lands. And that’s before you even look at the fundamentals, an NPV north of $300m on conservative pricing, likely higher with oil over $100 now. The 8,000-10,000 bopd will come into sharp focus, as minds will be focused on commercial flow rates. The macro couldn't be stronger with the oil price where it is, this is AIM so it can quite easily overshoot to the upside as well forward pricing commerciality. We've seen the likes of 88E and PANR hit £400m+ on these kinds of drills!

The temporary overhang is allowing investors to buy size at thes prices, once the overhang is gone the share price will start to move up with every buy. The placing is being forward sold as we speak and the last tranche settles on Monday, it should start to rise thereafter.

Game on here. It looks to be coming good at long last. Sub 0.03 stock gradually getting cleared, once the overhang is done it will be gone for good.

Some big buys landing. Very close now I feel. Update last week was quite telling.

WTI $100

Brent $109

What a time to be getting this over the line.

Agree. The extension to "March 2027" may have been the give away that it's finally imminent. Good luck all, in my view 0.30 or 0.40 is very possible the closer it moves to well testing, the point about daily rises is likely not far off as the market piles in ahead a rig being booked, mobilisation and testing starting. This is AIM, anythings possible. The price environment has improved dramatically, Oil is through $100 barrel, it could head to $150/$200 and COS is +80% as this is a discovery well from memory, if commercial flow rates are established, with the bullish macro, it could fly towards 1p in my view. A perfect storm maybe brewing.

"The Company has now been informed by SNH that, following requests from the Prime Minister's office and a further site visit which took place last week, it will recommend to the Minister of Mines, Industry and Technological Development ("MINMIDT") to issue the requested extension of the First Exploration Period of Tower's Thali license for a further year to March 2027"