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Louis10

You are deceitful, not factual. It has been your entire purpose here, to create a false narrative by blending selective fact with misinformation. Effectively supporting the short campaign from the moment you arrived.

It is gratifying to see PANR fight back with credible qualified independent opinion, as opposed to the nonsense the shorts and Oilman Jim have put forward.

Given that the share price has dropped so on the created belief, that there is no oil, or no viable oil, or its a con, or there is no access to capital, or the CB will over dilute.

What happens as these fairy tales get disproven, and investors find the sky is not falling. Perhaps a realistic valuation will restore as the market realizes , there are a conservatively assessed 963 million barrels of recoverable oil in Kodiak alone

Using only that 963 m, and assigning no value to the expected 500m in Aphun, or contributions from the slope fans, or Kuparuk, or secondary recovery application. It comes out at a remarkably low 16 pence per independently verified contingent barrel.

Can you really expect courtesies, when your intent is to harm, at this point how many have you persuaded to sell out or withhold from buying at rock bottom prices.

Certainly not me, your flailing posts are a bright buy signal

20 minutes delayed prices

https://uk.finance.yahoo.com/quote/PTHRF?p=PTHRF

Louis10

An evidence based narrative as disclosed in the presentation.

Poor frack efficiency as shown by the recorded pump pressure profile, and using the actual flow and composition of ALK 2 well test.

When the market accepts these results, should it then return to previous valuation.

Or higher as the risks have reduced, going into the ALK 2 test, it was not known if sustained flow could be achieved, now it is proven

Louis10

Once again that is incorrect as disclosed in the latest presentation.

So that leaves a share that has been devalued on a false narrative, hugely amplified by the short campaign

Louis10, moving along to the fundamentals of the investment case

I wrote this as a snapshot summary, in response to the question posed below by a poster on hotcopper, a AU share discission site

"Why is PANR struggling to convince investors that its fields have a lower risk profile to that of 88E"

IMO PANRs problem in valuation comes from the amplification of its teething problems in a new play.

Combined with a well planned and executed sustained short attack, featuring some very shady characters from the short community, and an army of trolls

Legitimate posters have had their accounts hacked, fake doxing etc

A long term flow Test, of the 5000 ft multi stage horizontal fracture stimulation, at Alkaid 2, showed a mix of oil, condensate, and NGLs, that was unexpected, (not such a problem as the combined blend can be sold to TAPS for 90% of the ANS price). This blend came in at IP 30 of 500, bpd, while the pre drill expectation was 750 bpd of oil.

Subsequent analysis shows the fracture only achieved 20% efficiency, (not surprising in a new geology)

PANR expect to achieve a conservative 40% fracture efficiency in the next well, as they have identified what went wrong in this well, and the industry bench mark is 80%. This alone would yield a liquids flow above expectation

All of these factors, higher gas rates, lower oil, Director sales etc have been woven into a damaging horror story with good effect, as the media trolls have amplified the doubts into absolute certainty of a falling sky.

As the near neighbors, working the down dip section of the play , 88e will be valued against PANRs success or failures.

On a brighter note the shorts are now closing out their positions, and PANR are fighting back against the disinformation campaign with a soon to be released Independent expert report, by one of the best NSAI.

https://netherlandsewell.com/story/

"Our clients know there is a difference in consulting firms. And those in the financial community know that a Netherland Sewell report means unquestionable quality and reliability.”

– Scott Rees, Executive Chairman"

Interesting that you refuse to stay on topic, but choose to deflect instead

But to satisfy your curiosity, the opportunity shares I purchased at 10.5p, despite your disinformation campaign are looking good

Keep to topic Louis, do you now accept that, Heights capital may hold up to 3% of PANR shares without issuing a TR1, therefore may have sold zero shares in the last tranche

No Louis, you are wrong again, I took the time to fully understand how this works.

Thank fully I did not believe your distorted version, naivety would be accepting misinformation from the likes of yourself, or the Oilman Jim manual ( Miss opportunity now and forever)

No Louis, you have degenerated to insult, because you have been exposed again.

There was no fact in your negative slant,

No louis, there is no proof,

Heights Capital can hold 3% of SOI before a TR1 is required, which makes it entirely possible they have sold zero shares from the last tranche

Then you suggest they sell these share at a loss, hardly the actions of a financier

Opinions to the negative from agenda driven posters, will need fact included to gain any consideration

Louis10

"No, Contango, they sell them immediately, if not before."

Can you make sense of this statement, and then show the proof, or is it a lapse into opinion that has no substance again

More nonsense, and invention/projection from Louis

You will find the truly successful, don't rate money that highly, it is not a motivator, merely an outcome

To put a perspective in front of investors, below are the 3 new additions to the PANR team

All joined after the point in the discovery and flow testing cycle at which, the so called “bad news” of Alkaid 2 was out in the public domain.

The share price was tanking (~26p) under a sustained short attack, based on disinformation and misdirection, much of which, is from known bad actors, with allegations and convictions for fraud in their resumes

So the question is, why did these experts in their fields, who have the ability, and information to conduct in depth due diligence, align themselves with PANR

D Hobbs even came inside as an Independent Director, and then after ~10 weeks, with the full benefit of data examination as an insider, stepped up to Executive Chairman

I would invite investors to assess the quality of these new additions and weigh their merits against the mis informers and anonymous posters of social media and discussion sites.

David Hobbs

Independent Non-Executive Director, effective 21 March 2023.

Executive Chairman upon execution of an employment agreement. (notified 8 June 2023)

David graduated as a Petroleum Engineer from, Imperial College in 1984, initially working at British Gas, as a drilling engineer before moving into commercial and business development roles at Monument Oil & Gas and Hardy Oil and Gas, two UK listed international independent E&P companies. He joined Cambridge Energy Research Associates (CERA), now part of S&P Global, ending up as Chief Energy Strategist, advising Government officials, senior executives and Boards of Directors across the energy sector. He also spent six years as part of the leadership team establishing the King Abdullah Petroleum Studies and Research Center (KAPSARC) in Riyadh, Saudi Arabia. David is an adjunct professor at the University of Calgary.

Phillip Gobe, Chairman, of Pantheon Resources, said: "We are delighted to welcome David to the Board as an Independent Non-Executive Director. David has a long-established career in energy strategy, with a demonstrable record of driving success in multiple jurisdictions. He brings a wealth of experience to the team, and I look forward to having him work alongside us as we continue working towards demonstrating the commerciality of our portfolio of an estimated 17.8 billion barrels of oil in place, as recently modelled by SLB Limited (formally known as Schlumberger)."

Tony Beilman

Pantheon confirms the appointment of Mr Tony Beilman, to the team to strengthen the Company's operational capability. Tony is a Petroleum Engineer with decades of engineering and operations experience and has been tasked with a clear mandate to improve and optimise operational performance. (announced 20 March 2023)

Allegra Hosford Scheirer

Allegra Hosford Scheirer as Non-Executive Director with immediate effect. (3 July 2023)

Allegra is an internationally recognised expert in petroleum system analysis, having deployed basin modelling, organic geochemistry, geophysical techniques, and machine learning to evaluate numerous oil and gas provinces throughout the world, including the Alaska North Slope. Allegra graduated with a Ph.D. in marine geology and geophysics from the,Massachusetts Institute of Technology,and subsequently worked with the Energy Resources Program at the,U.S. Geological Survey,("USGS"). She has been a scientist at,Stanford University,for 15 years.

David Hobbs, Executive Chairman of,Pantheon Resources, said:,"We are delighted to welcome Allegra to the Board as an Independent Non-Executive Director. She brings a deep knowledge of the, Alaskan North Slope Super Basin, and a keen understanding of what it takes to transition from exploration to exploitation.

Honest not yours OMJ

"140p to 12p sums up the management's ability here in the best way possible."

You have omitted the substantial role the dishonest short campaign played in this decline.

Never mind the truth will out soon enough

Yes I did that Jimmy, and you are purely spreading smack, as you are aware the Houston office, is not just on paper

Try just a little honesty, you may like it

Louis, your dishonesty is out of control today.

We are well aware that you know, there is a Houston office, it features in this presentation. With both David and Tony presenting from it.

But you persist in attempting to create and spread confusion.

Take some time, go back to square one and learn the difference between a quality company and the junk that OMJ promotes his schemes on.

Here is a hint, the quality and history of the Directors is a starting point

Vid showing the office FYI, if you are thinking of denying its existence further

https://youtu.be/_rKnbo_3dGc?t=172

A paper co written by D Hobbs, that may provide some education for you and Jim

Tight Oil Market Dynamics: Benchmarks,

Breakeven Points, and Inelasticities

R.L. Kleinberg, S. Paltsev, C.K.E. Ebinger, D.A. Hobbs and T. Boersma

https://globalchange.mit.edu/sites/default/files/MITJPSPGC_Reprint_18-4.pdf

Mangrove starting to close out their short position now, only .7% to go (~6.3m shares)

They wont be getting any of mine, there is to much in the news pipeline to be positive about.

https://shorttracker.co.uk/company/GB00B125SX82/

Https://www.youtube.com/watch?v=_rKnbo_3dGc

In this latest presentation the fracture efficiency is a significant topic, it along with greater horizontal length forms the basis for predicting an IP30 flow of 1500bpd of hydrocarbon liquids.

Doubling the horizontal length and thereby doubling production is simple enough, but bear in mind as the length grows, so does the difference in pressure along it, making the back end fractures a little less productive.

Fracture efficiency is more interesting, in that the post frack and flow analysis, shows at only 20%

PANR are factoring a doubling of this efficiency to 40% in the modelling, and this is calculated into the economic modelling.

When going back through the webinar, 40% appears an interim and conservative target.

To summarize PANR know why only 20% efficiency was achieved, and how to fix it. Gaining the data from the ALK 2 fracture stimulation performance, has been a required step to get here, as it is in all new basins, knowing how the rock fractures in a live environment puts you in a position to optimize, and the end goal is 80% efficiency, as is achieved in other basins

In the second quote below, a quick summary would be, using a proven fracture design, Tony has recently used in the Permian basin, and applying it to the Alkaid physical reservoir properties, the model spits out 80% efficiency.

Tony Beilman comments transcribed from the webinar

“That is typical with Gen 1 and Gen 2 type jobs, when people first get into a basin, but once you get a clear understanding of how the Basin treats, you should be in the 80% numbers. “

“So I took the Alkaid 2, and I implemented this Frac design, that we did in the Permian Basin, and this is the result, this is again the same material balance that we discussed earlier , and this time we we upgraded the production to reflect what an additional contact area would look like, and this is the match that we've got, and again same layout, you see the pressure response, and the production response. In the upper left you see the tight curve, in the lower left, and you see the calculated area, in the upper right again that, those blue and red lines is just a probabilistic area, of what we wanted to calculate to see how close we are to it, the thing I would like to take away from that, and you see it in the box, and we also see it in the in the circle, is that our drainage area doubled, and our horizontal extension almost doubled, and what that that gave us, and really in the circle you can see it, are where we were talking about, six stages out of 32 being the efficiency, We're now at, 28 out of 32 so we're now in that 80 window that we talked about wanting to achieve, and so that's where we plan on going forward with”