Member Info for sirmark

Looking good another £25 purchased next buy moves us up IMO

Note that there are one or two errors, but otherwise the author has for the most part reflected facts correctly.

1. Cash Position was reported at $10m which is incorrect. I would point investors to the following RNS from 25 March 2025 where Pantheon reported the closing of a US$35million convertible note. https://polaris.brighterir.com/public/pantheon_resources/news/rns/story/xqn4nqx

2. In terms of the Megrez-1 well, the well test reported this week is the first of six planned tests across six separate horizons. The remaining five zones will be tested and reported over the coming 2-3 months.

Only one MM left on the 20.5

We bounce off the double bottom and with the central block deal about to complete then this is literally an amazing oppertunity to load up.

When this turn it will turn a six pence.

Https://smallcappix.com/blogdetail?id=81

Nice time (IMO) to accumulate.. you can see plenty of others doing it :)

They sure did :)

MM's all sat now on 35p upwards

35 50,000 SING 14:15

35.5 50,000 WINS 14:22

35.6 55,001 JANM 14:45

35.8 50,000 CANA 14:47

35.8 50,000 INV. 14:47

35.8 60,000 SCAP 14:47

35.8 50,000 MREX 14:47

35.85 50,000 STFL 14:47

35.85 50,000 PEEL 14:47

Just winding the bears up clearly we won’t get back to 40p today

But in the next week or two I would us to be 40-50 range before we drill the next zone however the pipeline funding cpuld be agreed literally anyday

Back to the forties today

As a long term holder also ... if you have held through this drop then 100000% hold and if not buy more..this is a golden oppertunity.

Buys flying back in, a nice bound back to 40p for today and back to 50-60 by the end of the week.

ISA load up time IMO

Maybe the drilling delay causing a little downwards pressure maybe

Also PANR down PRD down in comparison we're only very slightly down 8%

35-40p recovery IMO

Canaccord Genuity view

Pantheon's first test interval, of six planned, produced "no appreciable oil or gas at

surface". This is naturally a disappointing start to the test programme but the company

remains confident, following further data analysis, that the potential for success in the

shallower zones is undiminished.

Detail => not the desired start

• The Topset 1 reservoir, the deepest to be tested, was fracture stimulated and tested

for 12 days producing water at rates >1,000 bpd.

• Reinterpretation of the log data, incorporating the salinity of the produced formation

water, indicates, according to Pantheon, that the Topset 1 represents a transition zone

with low hydrocarbon saturation.

• Using this new data, Pantheon anticipates higher hydrocarbon saturations and mobile

oil in the shallower test zones.

Resources implications => a complex picture

• This first test result can be expected to reduce the pre-drill estimate of potential

resources of 609 mmbls in the Ahpun East discovery.

• However, the shallower zones, interpreted to contain hydrocarbons in Megrez-1, were

not included in that resource figure.

• Much work still needs to be done to assess the potential recoverable resource, most

importantly starting with more successful test results in the shallower reservoirs.

Next steps => a short pause before the second test

• Pantheon is in the process of securing the necessary fracking equipment for the next

test interval, the Lower Prince Creek.

• That means a short pause, perhaps a week or more probably a little longer, before

those operations commence.

Valuation, rating and target price

This test programme is a critical part of the company's operations, especially given the

amount of data acquired in the drilling phase and the time allowed for analysis before

starting the test programme. Naturally, the company hopes for, and indeed anticipates,

better in the second test.

We always thought that the results need to be assessed in their totality. Five more planned

tests are expected and once complete there will be a much better view of Ahpun East

and whether this might become the company's accelerated initial development focus.

We leave our risked NPV10 target price (at our revised and lowered LT WTI $60/bbl

assumption) unchanged at 74p and keep our Speculative BUY rating.

Couldn't agree more... this has the potential to double on the open ... so may investors with average 60p+ they will help with the increase by holding to get some value back.

💯 they will need our gas and need us to drill and help the end game but will will have to concede on lower taxes and higher output… they can’t have one without the other.

Now 5 v 1

Tick up shortly

Level 2 now 4 v 1 just 1 MM left on the 21p getting before they're gone !!!

Level 2 now 1 v 2

Not much left at these multi year lows.