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I feel the need for another purchase of a couple of hundred thousand more shares. Great turnaround in play now for Canadian Overseas Petroleum!

Looking over on ye olde twitter I see that even that Gary Newman views today's RNS as positive and we know who vocal he has been on copl in general recently!

I love how this is an "OPERATIONS UPDATE" and many are disillusioned no update on the potential JV partner or RBL.

The clue is in the title OPERATIONS UPDATE !

Anything else like that could come separately and unexpectedly and catch a few out !

I really like this update!

Real signs of the turnaround story now happening with copl. In the meantime the bondholders can do what they want, there may even be a pause on further conversions for a bit.

Just goes to show that despite what many theories are going around about copl and the reason some bondholders were converting recently, the bondholders are none the wiser than us and today's update proves everything is well on track!

Not very often I say this about a stock but right now bearing in mind what we are starting to discover with the ramp up in production and ongoing GGS construction, I'd say we are massively undervalued right now, and undervalued by a factor way more than 10 imv.

I concour there, on the face of it this does look pretty darn good!

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.

I have to say I really like this new appointment. Starting to get all the ducks in a row, I think David Hobbs is going to do wonders for Pantheon!

Should mark the start of a decent recovery in this stock. Institutions that took part in the 17p placing will be expecting this to return to at least double that for starters.

The Netherland and Sewell report is due literally any day too which may have a few pleasant surprises in there!

"All the evidence to date is that the acreage is non commercial."

A bold statement to make. Baseless without any proof. We're waiting for your proof on that.

As David Hobbs eluded to just a couple of days ago, there is clearly interest there, although because of Pantheon's financial weakness he said they are not going to offer what they feel the assets are worth and are playing hardball.

Their strategy refocus and intention to obtain non dilutive funding in stages is a game changer and will have any remotely interested party now taking Pantheon a lot more seriously!

Think I know who I believe here Louis...

The recent raise we know at 17p, was initially for just 10.5M, announced at about 5pm, then by 7am the next morning we find out that due to huge demand they had more than doubled it to 22M.

These were taken up by institutions. You will not see this back to 10p again that's for sure. Those that took part in the recent placing will be looking for at least a doubling of the placing price so I reckon short term this heads back to anywhere between 30-40p for starters.

This was at £1.50 a share before all the bear games commenced.

I think that commentary today by that individual shows their true colours.

Pantheon could raise the required funding by non dilutive means to get us to being a producer of 2 Billion barrels of recoverable oil and that chap would still probably whinge about Pantheon.

Doesn't sound like someone to give much credit based on what they write!

"I posted the above this am on here by mistake. It applies to TRP not PANR"

Course you did ;))

But you still thought you'd post another post with the headline " TRP " to tell us all about it LOL

"The Kodiak Feld (previously known as Theta West) contains all reservoirs between the Hue Shale and the HRZ shale. It currently comprises the Lower Basin Floor Fan but may include the Upper Basin Floor Fan once that has been more fully delineated. Pantheon has previously estimated these to contain more than 1.7 billion barrels of recoverable contingent resourceand they will be the subject of the first Independent Expert Report (IER) to be delivered by Netherland, Sewell & Associates (NSAI) during July."

Report should be anyday. Will make for interesting reading!

As explained by David Hobbs, sounds like there is clearly interest there from big players but they would not be willing to pay a fair price right now that's all, but that could quickly change. And I mean a fair price that reflects the true value of the assets they have .....

"While there are potential partners interested in the company's assets, they are unwilling to pay a fair price due to Pantheon's financial weakness."

You're post with the headline "no one made a offer for a reason" is pure supposition, nothing more

Pantheon over in the US about 25% up tonight, just as I expected!

To say Pantheon's assets are undervalued is an understatement.

I particularly like how he described that the only change from the current strategy is a re-focus to enable them to become a price maker of the assets as opposed to a price taker.

He also explained how the funding would be done in stages, and how non dilutive funding could be achieved from say 10 wells that could unlock around 20M in funding from each low cost well, as well as discussing other positive aspects.

I think one of the reasons for the way over reaction today was the market hearing of the 300M figure in the strategy update yesterday and perhaps panicking. However people will have had the chance to digest things and watch that positive interview tonight, things should certainly recover tomorrow.

The thing I've noticed about PANR in the past is how quickly the stock tends to recover from a vastly oversold position. Gla

Downbutnotout -

We will definitely see 17p and more short term imv.

Fully agree. Decent upside presenting itself now.

Clear strategy to develop and boost chances of a farm in. Glad I added another 100k today!

Little afternoon rally coming up perhaps?

I certainly hope so, just added another load this morning below 14p, hard to believe still below 17p placing price!