Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
You could drive a bus through Oil Man Jim's recommendations. He previously called Pantheon over valued at ~£90M ahead of the run up to over £1B market cap. Yet he only claims the £1.40 down part for his apparent short recommendation, funny that.
Of course I can. The point is its what you think, there is absolutely no evidence to support your suggestions of fraud or paid for posters.
Christ I have posted on these and other boards for years. Positions in Pantheon as well as TXP and CHAR at the moment. Don't post as much there as I don't know the assets as well as I do Pantheon's.
I would imagine its pretty obvious to most that your accusations are unsubstantiated nonsense. The pretence that you are not Oil Man Jim, rather some weird sycophant is also pretty obvious to most.
That aside good to see Pantheon getting information out there, if they keep doing the right things the tide will turn.
Easy Alfista, Oil Man Jim almost drilled a 50MMBO well in Continental Europe. Just think that would have been ~10% the recoverable oil of Aphun. His experience has allowed him to develop the miraculous ability to calculate the commerciality of oil plays without doing any work.
If Oil Man Jim thinks PANR bulls are fanatical I wonder what he would make of Louis10. He has taken fanboy to a whole new level. I wonder if he has a shrine with some candles and a picture of Daniel Day Lewis in his bedroom and recites all the words to their will be blood.
Joking aside its people like him that get people killed in the oil industry. Guys who don't think they need to do the work because they know best. Who needs data, models etc when you can just spout unsubstantiated nonsense as you please.
Not gullible enough to believe that Louis10 is not Oil Man Jim.
I am sure I am probably naive to a lot of how the market works. However I am also pretty sure its more complex than what Oil Man Jim makes out, he seems to have a one size fits all approach. One thing I am sure is the integrity of the Pantheon board though, as I have taken time as part of my research to do background checks and communicated with some directly.
I take responsibility for my own trades and am well aware there are multiple aspects to the recent share price collapse, but if Jim thinks that he has impacted the PRD price which Louis10 recently claimed, it would make sense that guys like Stahel, Young, Muddy Waters etc have had a much bigger impact on the PANR share price given there much bigger twitter following.
I do have more of an idea about sales though, and understand people are more likely to buy things from people they like. Probably why Louis10 hasn't been that successful generating subs for Jim, they just come across as not very likeable people.
Oh and by the way I don't think there is a 15% COS, I was simply using the number which you seemed to be supporting.
This will be the last time I communicate with Louis/Jim, however I will continue to flag any unsubstantiated claims he/they make on this board.
Are you joking, Scot's vocabulary is much better than mine. I think he is from better stock than me.
Jim buys, promotes what he buys on his blog (pump), then sells (dump). Technically a victim of Stahel's crimes and others who claim fraud with no evidence (you know the sort ), but I am still in profit however feel for those who have lost money (this is called empathy FYI). I doubt Pantheon would be interested in chasing the less followed 'media commentators'.
15% Commercial Chance of Success. Well 2B barrels at $3 with a 15% COS should give us a valuation of $900M. Plenty of room for upside then even factoring in dilution.
Below is what David said regards commerciality in the last webinar.
At at round the 51minute mark regards commercially Hobbs states:
'Why we have great confidence in the commerciality, is that we are well within the envelope of commerciality if we simply achieve half of the efficiencies that other basins are with the multi stage horizontal fraccing.'
This is supplemented by other comments in the webinar such as:
'Comfortably commercial'
'Comfortably exceed the economic freshhold'
I struggle to see how one can take marginal from that. Jim's former dealings with Erik Opstad explain his involvement in previous 88e pump and dumps despite accusing others of the same. You seem to know him really well.
I would imagine Jim would probably have a lot more subs if he came across as a genuine guy, opposed to accusing/insinuating others of fraud with no evidence. This weeks blog is likely related to the stock he has taken from PRD holders. I note you think he is one of the reasons the share price is where it is, some would call that a pump and dump.
Louis, Jim apparently has some experience but you may have overstated Jim's Alaska experience given no mention of it in his blog. Also no formal technical training, seems to have came from the financial side. Irrespective of his technical knowledge, it never ceases to amaze me that self declared 'market experts' such as Louis think they can work out profitability in projects such as these without doing any calculations or indeed having any of the data.
You mentioned me and Jim may be just a few connnections away from knowing each other, but we are worlds apart in our ethics. I am from a science background and believe in such things as data, modelling etc. Jim seems to think he can bypass all this based on his relatively limited experience. His biography doesn't suggest he has any experience of significant CAPEX projects such as that required on Pantheon's acreage.
It amazes me you have someone like David Hobbs as chairman, with his experience and indeed multiple papers focussing on commerciality of tight oil plays, yet these 'market experts' are willing to write off the play on a whim. The reality is without doing the hard work it's just guess work on their part. Guess work which they try and support by writing blogs insinuating fraud etc.
Peakybrum, in the recent webinar at ~1h 4m David Hobbs mentions the CPR will be released in full. Further confidence can also be taken from Schlumberger modelling released last year (pre-Alkaid 2) which produced the following:
Single Horizontal Well Oil EUR Production Forecast (1-mile lateral length)
• Alkaid: IP 30 days = 775 bopd; Oil Cum @ 30 years=1.1 MMBO
• Theta West BFF: IP 30 days = 1060 bopd; Oil Cum @ 30 years=1.5 MMBO
• Talitha SMD: IP 30 days = 791 bopd; Oil Cum @ 30 years=1.2 MMBO
I would expect the CPR to be more conservative in nature as they often are.
Louis, no my name is not David.
I am a Pantheon investor, who works in the oil industry in production chemistry on the service side. I attended the AGM down in London in 2020 (a trip combined with a meeting with Steve Brown of Pharis Energy now Orcadian). At the meeting I met a number of people from these and other bulletin boards some of whom I have kept in touch with. These people include Scot126, Gorgeous George , Darcon and some others. As part of my research on Pantheon I have been fortunate to speak with a range of other Pantheon investors, including David Hobbs (pre appointment), Brett Roberts (ex Great Bear) and others bulletin board members such as Olderwiser. That's why I know that all your claims of shills etc are completely false. Its also the reason I have no concerns regards the integrity of the board and these bulletin boards contributors.
I am surprised you are not aware of the fake doxing documents as you have shown you follow Twitter accounts commenting on Pantheon. Furthermore you have replied to a post where I mentioned this before. The falsified documents were posted by Alex Stahel, supported by Fraser Perry, commented on by Josh Young. and tagged Muddy Waters. Most of these account have blocked me as most don't appreciate you highlighting their criminal activity. I have raised a complaint with the FCA also but I don't expect much action here.
These are the reasons I take exception to you claiming Josh Young has been 100% correct about Pantheon, as it is clear he has made accusation/assertions of fraud and like OMJ presented zero evidence for it. If you are to continue to Champion these guys views then I suggest you provide some evidence for the fraud they have highlighted and you have alluded to through the use of the term 'shills'.
The link again to the falsified doxing, note the IP address is an obvious fake.
https://twitter.com/BurggrabenH/status/1591932359662006273
Louis, quite frankly I could not give two hoots whether you have called the price right or wrong. What does rile me is that people like you, Josh Young, Alex Stahel have continually made baseless accusations/assertions of fraud, in some cases using clearly falsified documents. You continue to support these guys despite their obvious manipulative and indeed illegal behaviours. You don't even have the humility to acknowledge it. And before you say we know there have been other factors in the decline, but if you don't thinks these guys attacks have affected sentiment then it's not us who are blinded by arrogance.
You have been asked repeatedly to support any of your claims with facts and have come up with nothing.
Polite, you have got to be kidding me. Alluding to/insinuating fraud by from genuine people (at least from my background research) is far from polite and I can completely understand why Scot126 has been as aggressive as he has.
If Alex Stahel/Fraser Perry/Josh Young are so correct about Pantheon's plays, then why did they need to resort to releasing falsified information.
Polite, unreal. What do you expect?
Louis, 10p is not original. It went as low 7p before >20 bagging all the way to ~£1.50. Completely missed by Oil Man Jim. Since then Resource numbers have gone up and it's been derisked. Some people did really well, I recall GG bought some at 7p, I met him at the AGM also.
Okay, so no specific evidence. Here was me thinking you only deal in facts.
Jesus poor attempts at doxing, unsupported technical claims and shouting fraud. This sounds familiar, come on Louis give us something original.
Oh and me being called David is another thing you are wrong with. No prizes for guessing my age either.
I have not seen any evidence for Scot126 being a shill. Can you provide any?
Having met him and people he knows at an AGM I highly doubt it. I know others on this board have met him as well.
Can you confirm therefore you are making accusations of fraud as implied by the term shill?
Yes but OMJ was 2000% wrong about the last Pantheon rise from the bottom, that's why he is on various boards pretending not to be himself. begging for subs.
If anyone had followed OMJ on PRD they would have missed out most if not all of the rise post drilling results of MOU-3 and MOU-4.
It's beyond pathetic.
I am not the one shouting fraud, calling oil professionals liars without proof. Plus I am still in the oil industry and my customers know who I am as I have nothing to hide from them. You should ask Jim to do the same, he's not even willing to put his name on what he is selling.