Member Info for Olderwiser

Kever

Stop with the continuous stream of lies, you are well aware I replied to this, but the post was removed, in the moderators clean up of your latest stream of deceit

In short, you have cherry picked a point that is irrelevant to the argument. This is the Alaska North slope play, a better reference point, at which this play had bedded in, gives a start price of ~13p.

13p to 23p is a win in the mind of rational investors

Hi Tony

The use of the word believe is appropriate until it is proven, as proven would require an in production well, which is scheduled in 2026

For the board to state it believes in an outcome requires it to have the data to back up that belief, they have that in the, seismic data, regional well results, long term flow test, its composition analysis and the latest fracture efficiency of 50% in the SMDB

As with all data driven science, if there is any uncertainty in one input of many,( say 99.99% ) the whole thing multiplies together with an uncertainty, so not proven, but

Having said that, if the BOD believes it, they have very high confidence. Sufficient to proceed to production and exposing themselves to intense scrutiny from financiers and industry

RNS quote

"However, the year has not lacked for challenges. The initial results from the Alkaid-2 tests disappointed the market and it was not until we completed the re-entry of the well to test what turned out to be a successful new frac design in 2H 2023 that we were able to validate our confidence in the commercial potential of the project."

RNS Quote of the day, for me. It underpins just how robust the economics are going to be at the prevailing $80/bbl

THIS SUPPORTS OUR CONFIDENCE IN BRINGING WELL COSTS DOWN TO LEVELS THAT UNDERPIN ECONOMIC DEVELOPMENT OF OUR PROJECTS AT OIL PRICES OF $50/BARREL ("BBL") AND LESS. THESE CALCULATIONS ARE BASED ON RESERVOIR CHARACTERISTICS AND WELL PERFORMANCE REVEALED BY THE FLOW TESTS TO DATE -

IN OTHER WORDS, THEY DO NOT RELY ON ANY OF THE DEMONSTRATED IMPROVEMENT IN RESERVOIR QUALITY MEASURED IN APPRAISAL WELLS FURTHER WEST FROM THE DALTON HIGHWAY AND TAPS.

Things of huge meaning are being announced in a formal binding RNS.

Confirmation in unmistakable terms, these discoveries are commercial, the last bear argument has been declared null

~500 million barrels of commercially recoverable resource, with at least another ~1 billion with an IER at Kodiak to add

"the board believes that a successful demonstration of the commerciality of its Ahpun field has now been achieved"

"· The Alkaid-2 long term production test was completed, supporting the case for economic viability of full field developments of both our Ahpun and Kodiak fields."

More specifically for Pantheon (the "Company" or the "Group"), the board believes that a successful demonstration of the commerciality of its Ahpun field has now been achieved, and that has, in turn, set the Company on a path to target first oil in early 2026

Bob cut through the mustard for Kever and co

It is good news, simple as that

Kever the deceiver

Stop with the lies and disinformation already, there is a stated objective, and means to minimize dilution

From the webinar

If we look as Jay said, with the scale of contracts we're talking about, we're anticipating spending with the three major vendor packages, that's the drilling contractors, it's the downhole tools and directional drilling, and it is the completions, we're expecting to be spending more than a hundred million dollars during the course of the first year, and so that's the sort of scale of what's in play, in terms of the discussions that we're having in

terms of off-take, again we're talking about three digits, not two, in terms of the amount of financing we may be able to raise against the offtake.

And so it's not saying there won't be any Equity call, but it's also saying, that we can't guarantee there will be an equity call, when we put the whole package together

And our timing is as Jay says, to look to be in a position to share detailed and in some cases executed Arrangements , by the end of the first quarter of 2024

Guru.

If that was the case why didnt 88e buy them

Kever the deceiver

Another blatant lie

"Mangrove haven't closed their short as they know PANR neec hundreds of millions of £ to get to first oil."

PANR have put this number at US $120m, using conservative, as in should be less, assumptions

And are actively negotiating vendor and offtaker financing, to minimize any capital calls

Additionally the bulk of that finance will not be needed till after FID in late 2025,

Are you so sure Mangrove will carry that cost and risk till late 2025, by then the share price alone will have blown them out of the water

Gents, I am not following that logic, the share price should be independent, as the placement is to long term holders.

There is no reason to think they will have a change of heart, especially not at breakeven price of 20.8p

RNS quote

In that vein, we are delighted to be able to announce steps to remove the perceived overhang of the next two Convertible Bond payments by placing the stock into the hands of long-term supportive shareholders.

Rogadar

That has to be the most pathetic attempt at a downramp

These are all part of the existing proven contingent reservoirs, PANR know these in detail

If I gave you a kg of gold you would complain about its weight, just not worth the effort of taking it home

Kever

Your Post

"Hobbs is the master of waffle and hot air. When is the next hot air podcast ?"

If you are entirely ignorant, you might think this, but people that understand the O&G industry, are finding D Hobbs entirely consistent and credible.

They really appreciated the detailed sharing of information, so they can also cross check the interpretation

Kever. we are aware you are not very bright, to respect this have another turn

David Hobbs

Yeah sure, and just on that last point about injection, the profile of gas production obviously will need to be Revisited, in the light of the Alkaid 2 re-entry.

But all our planning for the time being, is being done on the basis of what we saw in the original long-term production test. Until we've got analysis back from GeomarK, and we've managed to convince ourselves, that the situation is more favorable, in terms of quantities of gas to re-inject.

All of our planning is being done, on the basis of of what we saw, in the long-term test

Kever, see if you can work out what this means

David Hobbs

Yeah sure, and just on that last point about injection, the profile of gas production obviously will need to be Revisited, in the light of the Alkaid 2 re-entry.

But all our planning for the time being, is being done on the basis of what we saw in the original long-term production test. Until we've got analysis back from GeomarK, and we've managed to convince ourselves, that the situation is more favorable, in terms of quantities of gas to re-inject.

All of our planning is being done, on the basis of of what we saw, in the long-term test

Kever

The data room of today is very different, from the one that attracted the 10 figure, staged offer, for less than 50%, that ultimately fell over.

Since then

Theta west has been drilled and flow tested

Talitha has been flow tested in multiple zones

Alkaid 2 has been pilot and horizontally drilled, fracked and long term flow tested

Alkaid2 SMDB has been fracked and flow tested

All of this data has been added, it has completed the data set, to such a level PANR are taking both Ahpun and Kodiak to production.

The missing pieces of the jigsaw are now there, SLB have constructed a 13 million cell model that has further enhanced the understanding

NSAI have declared a 962 million contingent recoverable resource, because the data is now there to reliably estimate the volumes

In short the data is now there, previously it was incomplete

Latest in the series of short videos, showing how little is required to move up to reserves

https://twitter.com/i/status/1734589759240991213

Pro-S2009 aka Kever

Has been such a disgrace for so long, he comes with his own health warning

It has been a while since I posted this warning, thanks to Mike 290 & others for reminding any new users of one of our resident trolls....

Here is my viewpoint on him / her / them:

Pro_S2009 frequently posts misinformation in order to attempt to manipulate share prices,

Pro_S2009 does this across multiple stocks and has an appalling reputation amongst most other posters.

Pro_S2009 frequently creates new threads on his/her target company and bans any poster who questions the Pro_S2009 integrity and complete lack of ethics & morals.

ProS_2009 also edits posts previously made when his / her viewpoint changes to suit his/her trading style.

Trust the Pro_S2009 poster at your financial peril.

kever

oops talk about self identifying, this below is an exact copy of the disgraced pro_s2009 critter

snap

8 dec '23 - 02:15 - 37292 of 37355

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the panr rampers will be bull****ting soon about reserves and production.

panr had zero reserves

zero production

no money to drill a production well.

hope and dreams and theory.....

the intelligent avoid it like the plague as its a promotion stock pumped on ramping imo.

Like I said 100% pure agenda driven troll,

Dishonest

Deceitful

Anyone that reads the resume of Linda Havard, and considers the important structural niche she will fill as Non-Executive Director , and then proceeds to ignore

"Satisfying the requirement for at least two Independent Non-Executive Directors removes another barrier to attracting institutional investors"

To write "Another one joins the gravy train. shares down on news"

Is 100% agenda driven troll

Defending such BS self identifies another troll with an agenda