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20p to 150p rather claiming on this and other boards he was short from 140p. A blatant misrepresentation of the reality.
His primary agenda is to fuel his ego and get more subs for OMJ. OMJ/Louis only has a hammer hence all he sees is nails. All boards are frauds here to steal your money, read about in OMJ blog, aye the behind the pay wall part. If OMJ has been investing since 'the early 1980s' and is 'rarely wrong' who should be a billionaire by now, I suspect he is not given he is on here as he would put it 'pumping' his blog.
(Apologies post cut up)
Exactly right mcadder, fresh from requesting others to stick to the facts and avoid insults, he is back to insinuating the board are 'patsies' and making unsubstantiated claims about 'pump jobs'.
As a reminder to the board readers, he has not once provided any facts or evidence behind his claims of fraud or a coordinated pump job. He continues to make derogatory comments about the Pantheon board and fails to recognise some held substantial holdings previous to joining the board.
Likewise he fails to recognise OMJ was negative all the way from
Let's get one thing straight Louis, it's OMJ and yourself who has insinuated fraud and accused Pantheon shareholders of being paid shills. I largely only call out those like OMJ and yourself on comments you have made about others, particularly when they are unsubstantiated claims of illegality. I would be more than happy to call the likes of OMJ, Alex Stahel and Fraser Perry out face to face. Also quite happy for people to go back through my posts and for them to be judged on their content.
If OMJ has any evidence to support his insinuations I would be more than happy to hear it, I wouldn't want to be invested in such a company. So far he has not produced anything.
There would be no chance OMJ/Louis would turn up. Even if he did you can guarantee he wouldn't be insinuating fraud face to face or accusing people of being paid shills when they are actually lawyers, dentist, oil workers etc. A true keyboard warrior in every sense.
Detailed response. Just more unsubstantiated factually incorrect nonsense. My dislike for OMJ/Louis stems from his support of commentators who have used/promoted fraudulent documents to disparage Pantheon and its shareholders. He has also chimed in with his own totally unsubstantiated insinuations of fraud. Whilst Alkaid results have obviously been the primary driver for the fall, the fraudulent social media campaign has certainly exaggerated the drop in my view.
He talks of pump and dumps, again with nothing to back it up. I have either met or communicated privately with most of the well know Pantheon bulletin board members many listed by ADZ earlier. I have also got to know some people in contact or indeed on the board. This idea there is a bunch of paid bulletin board contributors is blatantly false.
His accusation I believe my oil industry experience helps with AIM stocks is quite frankly for the birds. I work in production chemistry, in reality I couldn't even pick a Pantheon a demulsifier as I don't have the data, just like Louis/Jim doesn't have the data to make his claims about commerciality. Likewise the sharing of Brevarthan's work under the pretence he has the technical know how to unpick Pantheon's data. The one thing my oil career has told me is we don't have nearly enough data to make these calls and in many respects a lot of it is about trust. Hence why a lot of my research was around trying to understand the integrity of the board. I have found nothing which brings their integrity into question.
He has made similar claims of Scot126, a person who both me and the likes of Marmaris have met at AGMs. Oh and if anyone believe that Marmaris isn't a real experienced driller then they probably haven't met a real experienced driller before.
His point about sitting on massive losses is also incorrect. I luckily took some profits off the table having significantly increased my investment post Talitha 1 results drop. This is perhaps why I am more sympathetic with the board taking their options when they did, to me it made sense. There has never been a requirement for them to go all in, certainly not from me anyway. However I have total sympathy for those who have lost money.
Ah a link to OMJs blog, that didn't take long.
Louis I'd rather defecate in my own hands and clap than pay to see the unsubstantiated nonsense behind the pay wall.
IC8888, any upfront cash payment could surely be used at Chariot's discretion with no requirement to link the onshore and offshore piece. I hope it may be more about showing potential partners they have more options than waiting for a farm out. Hopefully find out soon.
IC8888, the confusion is they shouldn't need significant amounts of extra cash if a farm out, including up front payments, is imminent.
My assumption is that the raise was to strengthen their negotiating position and show partners they have a path to cash flow, it would be good to see some confirmation of this though.
I note you are not willing to defend Jim's point about calling it short from £1.40. Or his misleading language regards the Halliburton deal, or that big oil are no longer interested in tight oil.
Jim's always right of course, apart from when he isn't. Anyway I have went back on my promise of not interacting with you, I will try and not make this mistake again. Admittedly its hard to sit back and read the unsubstantiated rubbish you put forward., thank god I don't have to pay for it. It seems the world of blog promotion is a lot worse than that of stock promotion.
Ah that old chestnut. Let me guess, we can read all about it on OMJs blog.
That's right we are all paid by the company, yawn. Just more of the unsubstantiated nonsense he tries to flog to people hiding behind his picture of Daniel Day Lewis.
Its pretty clear OMJ worked in the fringes of the oil industry and assumes that its full of the charlatans he probably dealt with. Doesn't sound like he has heard of Chevron certainly (or Exxon and Conoco for that matter).
Its difficult to keep up with the garbage you spew out.
If it was a pump and dump looks like David Hobbs author of multiple papers on tight oil, including 'Tight Oil Development Economics: Benchmarks, Breakeven Points, and Inelasticities', fell for it. So did Esies, Baker Hughes, SoA. Lets see if NSAI fall for it too.
Perhaps you can share some of Jim's published papers in Tight Oil economics. Oh that's right, he doesn't even put his name on his blog.
As a PANR investor I have always thought their promotional efforts were quite poor. But hey this wouldn't be inline with OMJ's there all charlatans narrative. OMJ is the only one you can trust, just he wont tell you his name.
From Pantheon presentation.
HAL held 25% interest in 6 of over 60 leases (c. 2.5% project W.I.)
HAL as service provider no longer competing with their customers
Avoided payment for past costs and a release from future liabilities
As you can see OMJs comments clearly misleading as the deal only covered 2.5% of the acreage at a time services companies where struggling and 'lower for longer' was the norm. He's not even an original troll. As I say lets hope people didn't go short on his advice, they would have likely have been margin called after losing multiples of their initial stake. Of course OMJ will say he has been negative from £1.40 downwards.
I note Chevron have completed their acquisition of shale driller PDC now. Remember OMJ says big oil aren't interested in tight oil.
https://www.rigzone.com/news/wire/chevron_to_buy_shale_driller_pdc_in_63b_stock_deal-22-may-2023-172833-article/
And before he starts the shale/tight oil word play. PDC describe themselves as 'The Company is focused on horizontal drilling and low-risk organic development of oil and natural gas reserves from shales and tight reservoir rocks.'
http://www.pdce.com/operations-overview/
Here you go Louis, Pantheon have addressed this point specifically in their webinars as it was a favourite of trolls
Another company hoping to drill in Alaska either this winter or in spring next year is Pantheon Resources (PANR), who want to drill a minimum of two wells, subject to completion of a successful farm-out. Therefore, assuming they actually have valuable acreage attractive to a farm-in partner, it was rather surprising to see them announce that Halliburton will transfer their entire working interests in the leases to them in exchange for PANR accepting responsibility for future lease obligations. It appears that Halliburton view the PANR acreage as having no value at all, in fact being more of a liability than an asset. This isn't really a surprise to those who follow this company, but how on earth does it continue to maintain a £90 million market cap? The most interesting question is who supports the share price of this company - and why?
October 20th 2019
'This isn't really a surprise to those who follow this company, but how an earth does it continue to hold a £90million market cap? The most interesting is who supports the share price of this company and why?'
I just hope nobody went short based on his commentary and lost multiples of their initial stake.
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.