Member Info for Sailplane

From the .gov.uk website

https://www.gov.uk/tax-on-dividends#:~:text=You%20only%20pay%20tax%20on,from%20shares%20in%20an%20ISA%20.

You may get a dividend payment if you own shares in a company.

You can earn some dividend income each year without paying tax.

You do not pay tax on any dividend income that falls within your Personal Allowance (the amount of income you can earn each year without paying tax).

You also get a dividend allowance each year. You only pay tax on any dividend income above the dividend allowance.

You do not pay tax on dividends from shares in an ISA.

Dividend allowance

Tax year Dividend allowance

6 April 2023 to 5 April 2024 £1,000

What does this mean in the 16th May 23 RNS:

The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Shareholders outside of Canada should contact their respective brokers or registar agents for the appropriate tax election forms regarding this dividend.

Can we fill in a form in the UK and get the tax back?

... capital raise to work...."

"In late summer or early fall Pantheon will reenter the Alkaid #2 well..."

"We plan to put geophones out when we frack... "

"The goal for future fracking is..."

The text in this photo a bit small, so needs enlarging a little.

https://twitter.com/GoyalPradeepCA/status/1669670507090792449/photo/1

By Telemachus2021

Some interesting thoughts - and educational for some – and, of course, one might now consider such, in the light of our newly appointed chairman.

Subjects include:

Commerciality?

Appraisal?

Development concept?

Financing and Pre-Development Activities?

Asset Sale?

Development Schedule?

“ In remote oil basins, just as in real estate, it is “Location, Location, Location!” “

https://www.reddit.com/r/3CPG_PetroleumGeology/comments/n79da3/you_just_made_a_big_discovery_now_what/

Another slightly historic Telemachus 2021 piece that I'd not previously seen, set at the time of the drilling of the Theata West Well - and though some of the figures 'have moved on' [like we do now have over 800million shares], there are some figures here that might act as pointers to some recent investors of Pantheon - for them to do some further research and 'number crunching'.

- The Theta West Well was drilled in Jan - Feb 2022, with testing following on in March.

https://www.reddit.com/r/PantheonResourcesPANR/comments/st1aew/theta_west_updip_appraisal_of_talitha_basin_floor/

Some interesting info in this informative piece by Telemachus2021

"The following should help to understand where the uncertainties lie in Pantheon’s resource base and why 100 Mbbl of Contingent Resources could have less volumetric risk than 100 Mbbl of Proved Reserves…"

"Many people read Contingent Resources as being “uncommercial” but this is not what the term means."

"Since LKA has only classified a 76.5 Mbbl of the total Alkaid discovery (estimated to be potentially 300 Mbbl+ when including volumes under closure but down dip of the current “Lowest Known Oil”) as Contingent Resources there is appreciable upside above their current level."

https://www.reddit.com/r/PantheonResourcesPANR/comments/neal2f/how_do_contingent_resources_relate_to_proved/

A slightly off topic article, by Rowan Atkinson, that may be of weekend interest to some:

https://www.theguardian.com/commentisfree/2023/jun/03/electric-vehicles-early-adopter-petrol-car-ev-environment-rowan-atkinson

Spotted it - Switch to the US pthrf weekly chart and then you can see, Friday opened 0.5 cents up on the Thursday closed. So, yes - that's nice:

Friday, in the US, was indeed up 16.92%.

... and, I guess, no need to have changed my calculator battery after all.

Yet the US chart looks to start Friday at 20cents and closes at 22.8cents - a rise of 2.8c for the day.

Which I calculate out as a % rise of 2.8/0.2 = 14%.

So where 's their 16.92% rise figure come from?

... or do the batteries in my calculator want changing?

US closed at 22.8cents

I make that 18.24p [at US$ x 0.8 : £ ]

https://www.marketwatch.com/investing/stock/pthrf

.... while we await SLBs dynamic modelling and the NSAIs reports - the June/July webinar and the Shelf Margin Deltaic testing -

some memorable comments from an enlightening Technical Presentation, back in Aug 2021, that some may not have seen.

At 21:18, Michael Smith – inventor of Volatiles Analysis (VAS)

“Every cutting we analysed contained oil for 3,700 feet – this is a quite unusual occurrence and really speaks to the great strength of the petroleum system here where this well is drilled. This is really a world class petroleum system.”

At 38:35, Dr Ed Duncan, Geoscience consultant to Pantheon

“What we found is truly amazing – the Theta West Fan – while we thought it was going to be good – it’s spectacular.”

At 1:41:42, Roger Young of eSeis

“I’ve never seen anything like it. To be able to say the words – Half a Mile of Oil – that’s ridiculous, but it’s true. It’s awesome. I’ve never seen anything like it. It’s very, very exciting stuff.”

And the geology that gave rise to those exciting words - it is still down there - on the Pantheon leases.

Presentation is on the PANR website and at

https://www.youtube.com/watch?v=hbnmarRCUcY&t=1s

As always DYOR.

From the days when Malcy commented on PANR:

This from 9Apr2020 when PANR closing SP ~14.5p

"It is almost impossible to calculate how much this acreage could be worth to Pantheon, perhaps a 20 bagger, maybe 50 but that can only happen when the partner is found ..... "

https://www.malcysblog.com/2020/04/oil-price-chariot-igas-pantheon/

- scroll down the page a little -

"With one unique North Slope oil discovery already in hand, a small group of explorers claims to have found another prospect on par with one of the state’s largest oil fields that is worth developing even at near rock-bottom prices."

"It all adds up to projects that are viable at oil prices in the $30 per barrel range, according to Cheatham."

“We are economic really at prices that are so low that if any large projects get new funding we believe that ours would be right at the top of the list,” Cheatham said.

Anchorage Daily News April 9, 2020

New data and an old well add up to a major North Slope oil find, company says

https://www.adn.com/business-economy/energy/2020/04/09/new-data-and-an-old-well-add-up-to-a-major-north-slope-find-company-says/#:~:text=in%20new%20window)-,New%20data%20and%20an%20old%20well%20add%20up%20to%20a,Slope%20oil%20find%2C%20company%20says&text=With%20one%20unique%20North%20Slope,at%20near%20rock%2Dbottom%20prices.

I wonder how impactful might this be?

"The proposals, which the Labour leader, Keir Starmer, is expected to set out formally on a visit to Scotland next month, will involve not just a ban on new North Sea oil and gas licences, but a pledge that any borrowing for investment should be limited to green schemes."

Indeed, as you say, they need to get their skates on. A meandering jog - not what we need.

https://www.theguardian.com/politics/2023/may/28/labour-confirms-plans-to-block-all-new-north-sea-oil-and-gas-projects

Yesterday's comment on oil, from Malcy:

"Another genuine rise in the oil price this time mainly down to inventory stats which showed a huge draw in crude of 12,456m barrels and with a refinery run rate of 91.7% yet gasoline stocks fell by over 2m b’s. This might be acceptable if it wasn’t for the fact that gasoline stocks are well below the 5 year average and the driving season starts on Monday on which the AAA has predicted 6% more road trips will be taken compared with last year…

Secondly the weekend after the Memorial Day holiday Opec meets, Sunday June 4th, and whilst they have not suggested they will cut production again, the influential Saudi Oil Minister has warned against being short crude oil…

Thirdly a number of commentators, recently led by the IEA but including myself, have said that due to significant lack of investment the ability of the oil market to cope with the potentially resurgent Chinese economy and joined by the firing on all cylinders Indian economy. And you may not be protected by natural gas, I would suggest that the demand from all areas as we head to northern hemisphere winter could make last year look very small for a number of reasons, not least the weather which has come to the rescue in the last 9 months but cannot be relied upon."

https://www.malcysblog.com/2023/05/oil-price-pharos-hurricane-and-finally/

Pantheon Resources – Oversubscribed Raise

https://masterinvestor.co.uk/equities/pantheon-resources-oversubscribed-raise-incoming/

Sounding more promising this time?

https://www.nbcnews.com/news/world/warring-factions-sudan-agree-temporary-ceasefire-us-saudi-mediators-sa-rcna85440

Schlumberger Report

 In a project spanning over 6 months, Schlumberger has completed a comprehensive reservoir model of Pantheon's 100% owned projects, estimating the reservoirs contain 17.8bn bbls net oil in place. Schlumberger's oil in place estimates for Theta West were constrained to the projects 3D footprint with more conservative reservoir parameters than Pantheon's at the lease boundaries.

In the next project phase, Schlumberger will work on recovery factors, and reservoir performance. Pantheon has estimated a 10% recovery factor in its own modelling. The Schlumberger Report outlined conclusions from a detailed reservoir modelling analysis commissioned by Pantheon and does not constitute a formal Independent Expert Report. 

We expect to commission a separate Independent Expert Report in due course which will use the Schlumberger work.

The primary objective of the Schlumberger analysis is to provide a static and dynamic models for analysis and form a key component of the Company's data room, allowing potential farm-in partners to manipulate the modelled data to their needs.

From 30Dec2022 RNS.

Updated Corporate Presentation and Investor Webcast

PetroTal will host a virtual investor webcast meeting on May 15, 2023 beginning at 9:00am Central Time (3:00pm London time). See the link below to join the webcast. The Company has also provided an updated corporate presentation, with the Q1 2023 results, on its website.

https://stream.brrmedia.co.uk/broadcast/6436734e09685ed9886963e9

"It is the policy of the United States to support a transition to democracy and civilian transitional government in Sudan, to defend such a transitional government from those who would prevent its initial formation through violence and other methods, and, once formed, to protect it from those who would undermine it. "
https://www.whitehouse.gov/briefing-room/presidential-actions/2023/05/04/executive-order-on-imposing-sanctions-on-certain-persons-destabilizing-sudan-and-undermining-the-goal-of-a-democratic-transition/

... that they drilled, just ~150mtrs to the south of our southern lease boundary:

From yesterday, the 88e RNS of 2nd May 2023 regarding their Hickory-1 well :

“-- Drilling of the Hickory-1 exploration well at Project Phoenix in 2023.

This is singularly the Company's most successful exploration well ever, including over 400 feet in net pay.

Up to four zones are planned to be flow tested during the upcoming Alaskan winter season (Q4 2023) and is a clear example of enhanced outcomes from our more technically-driven strategy.”

For 88e's: their most successful exploration well ever.
For PANR, thanks to a well data exchange agreement, in effect, it's a ‘Step-out Appraisal Well’ providing Pantheon with valuable data on the southern lease boundary at no cost - and allowing the incorporation of this data into subsurface modelling of the various horizons to obtain even greater confidence in the subsurface and discovered oil.

I do like those words: 'the Company's most successful exploration well ever' - nice ring to it.

A great show of PANR / 88e 'win - win' cooperation.