Member Info for Siggins

Scot...

i do think pantheon have made one less obvious error,where there is still time to correct ie getting an independent oil trading company interested and invested in the company.

in pantheons shoes i would have spent as much time in developing that as i would have working on finding a the farm out partner.

the independent oil trading houses have made record profits since the war in ukraine began and they are flush with enormous sums of cash.

prior to the usa/iran conflict they were facing a change in state oil company behaviour across the globe that meant those states were setting up their own trading desks,pushing aside the independents and the major oil companies.

the question moving forward is how will the independents remain relevant and keep their trading volumes at a level that keeps the money rolling in.

they may have found that an upstream project like pantheons could be worth at least a look.

if pantheon could secure such a players interest that resulted in them taking a shareholding it would have helped in making pantheons story of global interest and potentially re shaped the share price and how it performs.

Many thanks scot.

you make very valid and important points.

a few points/questions.

are the salaries you have noted , guesses?

i know that david was once asked why his most senior appointees hadnt bought more than a token gesture of shares themselves and he responded,without disclosing any numbers, by saying that they had taken a cut in salary to join pantheon and that was sufficient in davids mind when illustrating their commitment to the cause.

i too would like to see them buy stock but as i have said before,we all know people who just dont like to part with their money.

that doesnt mean they dont believe in what they are doing.

your comments regarding max,s end 2026 deadline award would only be an issue for me if it meant that a deal at any price was done.

however,i just struggle to see how that would happen if it was just to suit max.

it would seem to me that there would be too many obstacles to prevent that,let alone max,s own personal professionalism and pride.

with regards to seismic testing,is roger young of eseis still connected /committed to the company?

as for bob,my guess he remains a shareholder???if he is,i would imagine it wouldnt be difficult to engage him even on a temporary basis.

with regards to negotiating a farm out deal,based on my experience with negotiating in oil related industries,i dont believe it would be challenging to spencer at all.

the main terms are about percentages and money and who provides what in practical terms.i would imagine spencer is more than equipped to do that.

for anything more technical ,i would imagine they would employ a specialist lawyer who has dealt in these situations many times before ,together with the input from max and erich so that they cross i,s and dot t,s...i could imagine there are pro formas for these types of deals,that require adjustment depending on who is more able to make their preferred alterations ie who is in the stronger negotiating position.

from my own experience in oil related industries,you do the money and the basic terms and the lawyers can do the detail.

if the lawyers come across a stumbling block,you get involved again to negotiate with your opposing equivalent and then if you fail to get your own way,you take a commercial position based on the overall affects.

like anyone else,i dont know if pantheon will be able to produce oil on a commercial basis.all i can do is take into account ier,s but i dont personally feel alarmed by who we have running the show.

the worries you have,i for one dont share them.i maybe wrong but i want the team to plough through and make a deal happen and if they get wealthy in the process,good luck to them.

i see spencer as a man who can get things done.he wont get caught up in niggles and concerns that come along with all significant projects.he is a doer,if that is a word.

Scot,thank you for the below.

why do you think that max was awarded this package?

I doubt that very much....

Wow downbutout,that really is scraping the bottom suggesting that.

is there no depths that pretend longs and shorts wont go to.

Classic and stupid lying by tony the lap dog..he must be the dumbest of all the pretend longs.

Cbaron,you claim to be long and you claim you just want to offer a balanced view yet no matter what the rns is you attack panr and look to promote the negative in the applicable rns.

now you use statements using words such as "proof",framing your claim as fact rather than opinion all of which re affirms to me that you speak to only attack.

have you even considered the potential and possible scenarios that drove the company to provide new and better incentives to the management and that your claim that the rns is proof of your assertion may be wrong???

i personally think the new rewards are probably smart and essential.

look at how many new leases were awarded over the last recent period and look how many of those companies have not been in alaska for a very long time and or have zero expert staff who have any experience in Alaska.

may be also worth considering how Alaskan exploration has arguably become one of the global hotbeds of all new on shore exploration after trumps order to open the state up, where it was previously closed and what that might do those expert individuals already working in the state.

then think to yourself,what will all those companies who have been awarded leases do in terms of finding experts in alaska.my hunch is they will attempt to poach all those who have hands on experience currently working in alaska,who may give them a running head start over their competitors as well as possibly save the award winners money by avoiding errors that maybe someone with genuine alaskan experience would have knowledge of.

i would also suspect those companies will find it a little tough to persuade their existing staff and their families to move to alaska given the very obvious weather and remoteness challenges.

now i may be wrong with my hunches,but look at how many companies,no matter the industry,who move into new areas of required expertise,either buy out a company that has existing expertise in the applicable area or attracts staff to jump ship and join the new venture and of of course offering those staff far better financial terms.i am not suggesting that anyone will want to buy pantheon for those purposes but they may want their expert staff.

so to me,i think todays rns was smart planning by the remuneration committee and they have my vote.

I also think Erich knows his stuff too.

i just think neither of them have ever been in the type of company where they have had to prove their faith in a project by purchasing shares themselves.

thats not their mentality.

neither of these two guys would be very wealthy but maybe comfortable and my guess is proof of commitment in their eyes is by working for Pantheon.

they prob think they will both be very happy if the project works and they gain from the company share programme.

they would be extremely good pros in their fields and brought home some serious successful wells for their previous companies.

James,i dont agree with you regarding max.

i think the guy knows his business inside out,but likewise i think he needs spencer,because spencer is a killer[in the business sense].

i think they complement each other.

Hi scot.

i think so much of what you have said today makes great sense.

sadly forums like this allows pretend longs,shorts and conspiracy theorists to promote what ever distraction they can muster.

As the share price rises they all appear in their droves and are unable to hide their obvious sinister motives.

unfo there are bad actors out there and they are obvious for us all to see and they hate being called out because in their arrogance they believe they are fooling us.

however i will disagree with you on one front.

whilst i too would like to see other management buy some stock,i think you are expecting too much.

in my experience there are people who just watch the pennies and wont spend their own money no matter what.they feel invested enough by running the company and holding vested stock and stock options and thats sufficient for them.in their shoes i would be different,but i have worked alongside so many people who just struggle to part with their own cash no matter the circumstances.

are the management team tight with their cash,i dont know,but it certainly wouldnt surprise me.i have been in related oil business for many years on the independent non public side and my experience of guys who work for the majors and junior majors is that they have never made the big bucks,so what money they earn in a job stays in their own pockets.

but even if they did invest,based on todays behaviour of the pretend longs , shorts and conspiracy theorists ,these characters would just create another conspiracy theory or various distractions to say that such investment should be viewed as only negative.

Horult.yes correct,cfd,not additional shares,but none the less he has increased his exposure in an equivalent way so to speak

It gutted the pretend long that lord spencer bought very large additional purchases in pantheon.

he has struggled to know how to react and find a negative narrative to an insider buying such a big additional position.

he tried to disguise an attack yesterday as a rubbish joke,but got caught out.

so transparent

Cbaron..talking of logic,your endless negative posts regarding pantheon logically suggest that you still pretend to be long pantheon...

consider the logic.

Tonynorstum the long time lap dog for cbaron..both claim to be long yet hate the share price rising..oh i wonder why...neither see how childish they are

Here comes tony,yet another one pretending to be long who hates seeing the share price rise.pathetic and transparent

You keep the pretence up cbarn,you are behaving like a spoilt child and sadly you dont have the self awareness to see it.

Ever felt that you are transparent in pretending to be long and ever felt we know you try full on and also sometimes what you mistakenly think are subtle attacks on pantheon cbaron.

the price rise must be eating you up today.

Wow cbaron,thats even low for a pretend long like you.

you are so transparent.

spencer puts a huge amount of money on the table and you,a pretend long,come out with a garbage attack like that.

you have no shame nor self awareness and you seemingly will go to extreme depths to talk pantheon down.

Where are the chartists who talked this down last week?

What i found interesting with lord spencers purchase was that the first buy was at 15p...