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Yes, some interesting comments made about the Alkaid#2 well, after time 3h:32m:25s
https://www.youtube.com/watch?v=EftjFGw9BGA#t=3h32m25s
Mentioning: gas oil ratio compared to Prudhoe Bay Field
and Alk#2's 1mile horizontal productivity compared to a Permian Well, today.

… that someone the calibre of David Hobbs joined the company in March of this year.
I also think, the last two specialties, mentioned below, do chime rather well with where we’re currently at.
LinkedIn
https://uk.linkedin.com/in/david-hobbs-4a4b338
David Hobbs
Energy strategy expert
Non-resident Senior Fellow at the Atlantic Council’s Global Energy Center. Until recently, Head of Research at the King Abdullah Petroleum Studies and Research Center (KAPSARC) and previously Chief Energy Strategist at IHS. He is an expert in energy industry structure and strategies. He previously managed IHS CERA’s research activities.
Adjunct professor at the University of Calgary and part of the faculty for the Global Energy Executive MBA programme. Formerly a member of the Scientific Advisory Board of the Fondazione Eni Enrico Mattei.
Prior to joining IHS CERA, two decades of experience in the international exploration and production business directing oil and gas projects in Asia, South America, North America, and Europe.
BSc(Eng) in Petroleum Engineering from the Royal School of Mines, Imperial College.

Specialties: Energy Policy and Strategy, Public Speaking, Commercial Negotiation, Corporate Finance.

David Hobbs: "Having followed the Pantheon story for a number of years, I am excited to support the Company in refining its strategy to extract the maximum value from its established resource base for shareholders' benefit."

On the latest AGM webinar – slide 13, it says:
Objective: Oil Search paid US$3.10 / bbl Resources in Nov 2017
I guess we all recall that often quoted deal.
And taking the current exchange rate as £1 : US$1.24 then the $3.10 / bbl becomes £2.50 / bbl.
And using the management’s Resources figure of 2.3billion barrels recoverable, we get that the value - to equate to the Oil Search deal - should be 2.3bil x £2.50 = £5.75billion.
So, at a share price of 19p the number of shares in issue, to give a mkt cap of £5.75 billion,
should be £5.75billion / £0.19
= 30,263,157,890 ie. 30.263 billion shares in issue.
So, viewed along those lines, apparently, an SP of 19p gives us just a bit of headroom for dilution, then.

...we've not got 30 billion shares in issue, have we? [easy at times to miss an RNS]

All figures assuming, of course, my calculator is having a good day!

On 10th Nov 2022 88e was announced as the highest bidder on 10 leases covering approximately 25,600 contiguous acres immediately south of Prudhoe Bay.
On the same date, in a PANR RNS: “Pantheon is pleased to announce the successful acquisition of approximately 40,000 acres in the State of Alaska's North Slope Areawide Lease sale.”
Yesterday an 88e RNS: “…pleased to report that the Alaskan Department of Natural Resources (DNR), Oil and Gas Division, has completed its adjudication process and formally issued award notices to Captivate Energy Alaska, Inc. (a wholly-owned subsidiary of the Company) covering the entire Project Leonis (the Project) lease area.”
So then, it could be soon, that PANR gets its completion and are able to add their successful Nov 2022 40,000 acre bid to their current ~ 153,000 acres.
That will give them a ~26% acreage increase and one would hope, a proportionate ~26% increase in the OIP figures

– well, they didn’t bid on it for the scenic views and with the 3d seismic they have, they should have had a pretty good idea as to what’s down there. And one would have hoped, that enabled some “cherry picking” of these 40,000 acres -

If so, that would take the Company resource estimates of 23 billion barrels of oil in place ("OIP") and 2.3 billion barrels of recoverable resource, to an OIP of ~28.98billion barrels with the possibility of the recoverable resource moving up to ~2.9billion barrels.
And that would mean, on the current ~788million shares, ~3.68 barrels recoverable per share.
And that’s all based on just a 10% oil recovery rate.
IMHO DYOR.

... drilled by 88e look promising:
Today's 88e presentation includes this, re their drilling of the SMD just to the south of our southern border:
"Shelf Margin Delta (SMD)
? Presence of hydrocarbons evidenced by fluorescence under ultraviolet light in cuttings; noted by
both RPS wellsite geologists and Schlumberger mudloggers
? “immediate and streaming” blue-white “cuts” observed when solvent was applied to cuttings and
core chips, suggesting there is good sample/reservoir permeability for future
hydrocarbon extraction
? Elevated C3-C5 mud gas readings, high resistivity signatures and crossover of neutron density
curves"
...taken from page 6:
https://wcsecure.weblink.com.au/pdf/88E/02655754.pdf

Just south of our southern acreage border – further results from the 88e Hickory 1 well:
From Today's 88e RNS:
"We are excited about the results to date from the Hickory-1 well, and particularly encouraged by the identification of multiple pay zones across the primary and secondary targets.
The results have confirmed or exceeded our pre-drill expectations with regard to the primary and secondary targets, and also identified the new Upper SFS reservoir,….
We look forward to updating shareholders with post well analysis results and our plans for the flow test of the Hickory-1 well, along with an updated assessment and classification of resources at Project Phoenix ."

Their primary targets for Hickory-1 are the 3 SMD reservoirs (SMD-C, B and A), with SFS and BFF reservoirs considered secondary targets. [from 88e 10Mar23 RNS]

at the Oil & Power conference 2022:

https://www.youtube.com/watch?v=Nu5dDNW6PUQ#t=3m03s

Jay: "...and for 2023 - it's what we have planned - what is on our 'To Do List' :
Test new Alkaid well
New Theta West well
New Talitha well and
Test the SMD at Alkaid ."

[That last one, I feel, could be initiated quite soon.]
And also, due soon, there is the Independant Expert Reports / CPR s for Theta West & for Alkaid, due from Netherland & Sewell.
See the March 2023 Webinar at time 41m:00s
http://www.pantheonresources.com/
Plus in the near future we should be getting the finalization of the allocation of the new 40,000 acres - that's an increase of ~26% from our current 153,000 acres - and then the resulting upgrade in the oil in place figures that that should bring. Will that be a proportionate ~26% upgrade?
Plus, come mid April, do we get the rig back, from our 88e neighbours, to start work on the SMD testing???
So, not aimless at all, from my pov.
IMHO
DYOR

I understand our neighbour 88e will be finished with the Drill Rig that we ‘ passed onto them’ about a month ago – so, what’s the chance the rig drops back into the Alkaid#2 pad and pulls out the production tubing, on its way back to Deadhorse?
Then we could get a coil tubing unit to do the work ready for the SMD flow testing in the Alkaid#2 vertical.

... if you have a relatively low number of shares in issue!

...to the SP - take a look at JOG [Jersey Oil & Gas].
Come on Jay & Bob - how soon before it's our turn - at least, I hope so.

Correction – it should have said:
But their current sp, at this moment, is only ~2.5 P/E based on last year’s Net Income/share!!
Anyway, back to Pantheon - It’ll be nice if the 88e Hickory1 well comes in good, with what I consider to be a very cheap step-out appraisal well, for PANR.
There wireline logging results for the SMD and SFS and BFF should be out, by the looks of it, about 5th to 10th of April.

that PTAL have had with their horizontal wells: their RNS today highlights two recent ones, both with initial production rates in excess of 10,000 bopd. But their current sp at this moment is only ~2.5 based on last year’s Net Income/share!!
And we have ~ 2billion recoverable barrels and a share price currently valuing that at only about 9.25cents/bbl – so just a tiny little bit short of the approx $3.1/bbl, of the often quoted, North Slope, Oil Search deal.
Is the oil sector really so unloved, despite providing the world with it’s fertilizers, man-made fibres for clothing, paints, insulation and apparently, even wind turbine blades!
Amazing.
Ok - ever so slightly frustrated rant over.

Net income per share $0.22
for the full year: 2022, and at £1=US$1.23 I make that as 17.88p/share
So, at just PE4 looks like being 71.5p

The Company will release its 2022 year-end results on March 30, 2023. An investor webcast will follow...
If, in the final results, we manage to just hang on to 2022’s first 9mths Diluted net income / share, of 18cents [see RNS 17Nov2022] then at £1 : US$1.23 that’s ~14.6p/share [would now be slightly less/share due to the slight increase in number of shares in issue since the 2022 Q3 results] - but let’s say, multiply that by an undemanding Price to Earnings Ratio of 5… could we really be potentially looking at an SP of near to 73p?
DYOR

https://www.bigmarker.com/share-talk/Pantheon-Resources-AGM-Shareholder-Presentation-and-Q-A-March-2023

.... And David Hobbs will be one of the featured presenters.

A bit bigger/better pics on reddit
https://www.reddit.com/r/PantheonResourcesPANR/

Scroll down a tad and 3 pics of the Alkaid site flaring and the lower group of 4 pics of 88e - now with rig in place.
https://twitter.com/GeodesRock49

https://crisis24.garda.com/alerts/2023/03/peru-state-of-emergency-enacted-in-several-departments-due-to-heavy-rains-march-11

... an unimpeded route to market this year.
Only wish some of my other oil company investments could manage to drill wells that were half as productive as these at Petrotal.
Well, obviously not my only wish - be really nice too, if the fruits of all the efforts made by Petrotal could appear on the radar screens of many more investors.