Member Info for SuperK

I’m really trying to stay positive, but it’s becoming harder by the day.

A close friend of mine has around £112k invested in this stock (money he put in after selling his only BTL) and watching the value fall so sharply has pushed him into a really dark place. I’ve reminded him that he knowingly took a risk, but he feels genuinely misled by Pantheon and is even considering legal action, which I’ve strongly advised against.

These are the concerns he keeps raising (and I don’t fully agree with all of them):

- Shouldn’t PANR have researched the expected weather conditions in Alaska before testing at Dubhe, and therefore known how cold it would be and what the cost implications were

- Has testing been paused because they already know the flow rate isn’t viable, and they now need 3–4 months to figure out how to break the bad news

- Will they repeat this pattern at the next exploration well

- Are they raising funds through unconventional but technically legal methods to pay themselves before the share price collapses

- He doesn’t understand why people on this forum keep talking about the price “going to 9p or 10p today” when, realistically, only an RNS is going to move the share price in any meaningful way

My own view is that they’re using these 3–4 months to run small‑scale tests at the Dubhe site with equipment we haven’t been told about, trying to understand the flow behaviour properly and look at other data sets. Otherwise, what would they be doing during this period besides planning for the worst‑case scenario if Dubhe fails? Because if it does, the share price could easily fall below 4p. It can’t go negative, but near‑zero would be close to game over for all of us.

This whole situation has pushed my friend into a state of paranoia - understandably, given the amount of money he "feels" he’s lost, even though it’s not a realised loss unless he sells. I’ve repeated that to him many times. But it’s starting to affect my own mental wellbeing too, and I think a lot of us are reaching the end of our patience with both the stock and the board.

100% agree, Squirrel26!

Sorry, Ddraig - maybe I’m being a bit dense here and not fully grasping your point, but the reality is not everyone is going to close their position yet, and not everyone is going to buy at this price. Most investors have already built up substantial holdings over the past few months.

Think of this period as the calm before the storm, so to speak.

Good question, Dawesa - and a very valid one. Panr needed to release an RNS yesterday ahead of today’s conference. It also gives shorters the chance to reduce their risk and exit positions.

If they had waited until the flow test confirmed the required rates, the share price would likely have shot up quickly, leaving many shorters exposed to heavy losses. By issuing the RNS now, it keeps the market balanced, allows everyone to plan their investments more pragmatically, and avoids unnecessary volatility. The goal is to keep every investor (whether individuals or large institutions) as happy as possible.

The conference itself could be a real game changer for the foreseeable future. Panr may not reveal much new information, but others on the panel will :D

The next RNS we can expect will be the early flow test results and we've had time to prepare for it.

As I mentioned last week, I expected an RNS this week - and in my view, it’s both well timed and positive. The update reassures us that there are no issues so far.

We’ve already moved beyond the early Meghrez testing stage, with steady gas production and intermittent light oil flow observed. The hydrocarbons are clearly present; now it’s about having the right equipment, manpower, and expertise to optimize flow rates and ratios. The resource is there - it just needs to be extracted carefully, and Panr are taking the time to get it right the first time.

Following today’s conference, and with the likelihood of another RNS before Christmas, I believe the share price has strong potential to rise significantly.

Of course, we’ll all have different opinions - that’s what makes this forum worthwhile. If everyone thought the same, there’d be nothing to learn. Let’s not take disagreements personally; most of us will never meet in person anyway. It doesn’t bother me if people disagree or are negative because what matters is that when the SP does climb, we’ll all be celebrating (and I’ll be upgrading my current car to an BMW M3!).

Overall, the outlook is VERY positive. It’s a win win for both shorters and long term holders: price dips need to happen to give shorters an exit, while buyers gain a great opportunity to buy at undervalued low prices, reducing risk for both sides. Panr’s priority remains keeping investors engaged and committed for the long haul. I genuinely wish every the very best and good luck!

RE: Onwards and upwardsToday 10:15

"Expect the price to rise". - I don't think so niether lol but thanks for your option Stas!

I'm just kidding with you - and yes, I could be wrong and maybe you're right ;)

I don’t expect we’ll see an RNS this week. Pantheon have dedicated teams monitoring Discord and the forums, so they’re well aware of how investors are feeling.

The company has a clear plan and will release communications when the timing is right. Hydrocarbons are already confirmed - we can see the flares. The final and most critical step is proving that the flow rate is consistent and at the level required for commercial viability. That’s the only piece left, but it’s essential they get it right. Once the RNS is issued, it will have significant implications for the company, its stakeholders, and its reputation - not just for investors.

This is their first test of commercial viability, and they’re very confident. As soon as the flow rate meets expectations, the media team will release the announcement: Preliminary Results from Flow Testing at Dubhe-1.

There’s no cause for concern - it’s all progressing in the right direction (by law they'd have to tell us if something had gone wrong and would have done by now). Patience is key; enjoy the next few weeks and it's all good!

As Gaz said - come on, Pantheon! Let’s make Christmas come early so we can pop the champagne, celebrate properly, and start planning how to enjoy the gains.

Please be patient. It’s normal for stocks to dip before making a significant upward move (allowing others to buy in at lower prices).

We already know that Dubhe holds proven oil reserves, but earlier tests were conducyed on a smaller scale and conducted vertically. The current work is being done horizontally, across a much larger area.

If there had been any problems, Pantheon would have either informed us by now or stopped testing altogether if it wasn’t financially or commercially viable. At this stage, the focus is on confirming commercial viability, and once that’s established, they’ll provide an update.

Gaz — I genuinely admire your optimism and confidence in the share price rising.

That said, it’s important to keep in mind how complex the market really is. Major investors, high-net-worth individuals, and even CEOs often have a clearer sense of where the share price is heading — sometimes well before the rest of us.

Take the Meghrez flow test as an example: the share price was ramped up beforehand, only for the flow test to fail and the price to crash by over 50%. Do you think everyone lost money? Not quite — some well-positioned players made significant profits by shorting at the right moment and have the right knowledge.

This time, we haven’t seen the same kind of ramp-up, which is telling in itself. I’m expecting an RNS this week, but as always — do your own research and good luck all.

Once it clears the 30p mark, momentum should carry it higher. While not yet official, the word is that a positive RNS is on the way… the wait is almost over

No one here can say with certainty when the share price will reach £1, nor can anyone guarantee whether the flow test will succeed. That uncertainty is exactly why this company is listed on the AIM market. Regardless of how optimistic or pessimistic people may sound in this chat, it’s important to stay realistic and prepare for the worst as well. Within the next 2–3 weeks, the flow test could fail, and if that happens, the share price may fall sharply.

I’m not here to tell anyone how to manage their money, but I do know of one individual who has invested all his savings into this share without informing his wife. His average is 30p, and he’s hoping for a rise to £2–3. It’s a substancial sum of money he's invested, and he’s understandably very anxious at this moment in time - something I’ve noticed reflected in the chat as well.

The key point is this: only invest what you can afford to lose, and be prepared for both the long haul and the possibility of failed flow tests.

For now, as I’ve mentioned before, the share price is likely to remain between 25p and 30p until Pantheon provides an update. GLA DYOR

Apologies if this comes across as overly critical - I'm aware not everyone will share my view, and that's completely fair.

That said, I fully agree with midnight7. While Mehgrez has certainly impacted Pantheon’s reputation, the real damage I believe began much earlier, around late 2022.

Despite the release of RNS updates, images, stats, videos, discord chats and people's positive opinion - I don't believe the share price will break past 30. It seems likely to remain between 24 and 30 unless there's a clear, positive outcome from the flow tests.

The longer this uncertainty drags on, the more pressure it puts on the SP.

To put it plainly: if the flow tests are successful, we could see a sharp move north - potentially towards £1. But if they disappoint, the SP could drop significantly and take years to recover, especially given the current level of speculation. If confidence were higher, the SP wouldn’t be sitting this low. The markets do not lie.

Please do your own research, and only invest what you can afford to lose. This isn’t the time for high-risk trades unless you're fully prepared for the downside.

Tomorrow is significant day - I expect more volume tomorrow...

Tmhsdx6 – I don’t think anyone needs to provide proof. Many wealthy individuals have inherited substantial assets through gifts and trusts, often avoiding inheritance tax and choosing to keep their financial situations discreet.

For instance, my uncle’s friend holds over a million shares in this stock and made significant profits when it surpassed £1 in 2022. He’s been trading for over 30 years and has had success in the US markets too. Another friend, who’s been contracting for more than two decades, owns 20 properties under his limited company - but avoids stocks due to lack of interest and understanding.

Despite the UK’s unhealthy economic climate and ever increasing costs, there’s a large pool of asset-rich individuals out there. That’s why I don’t believe James Simon is being dishonest or owes anyone an explanation.

Personally, I’m more interested in knowing how many shares folk in this chat hold and what drives their investment decisions. A bit of openness could spark valuable knowledge-sharing - though staying realistic is always important, especially when big figures are involved.

James Simon, that's quite a sizable holding — around £140k worth. I’ve got 50,000 shares left myself, but I’m not planning to add any more. If things unfold as expected, and the roadmap stays on track, you could be looking at half a million by year-end. That said, it's all dependent on things going to plan. I get the impression you're targeting the million mark — planning to retire after that, perhaps?

Out of curiosity, how many shares do folk on this chat currently hold? No need to share the value - just the quantity.

William Price - I wouldn't expect this stock to behavour how we think it'll behavour. There's many factors and variables particualry with funding, timescales and equipment, and then the end goal. It won't go to 30p today.

James Simon - you’re absolutely right! other people’s opinions shouldn’t dictate your decisions. That said, I do think there’s value in sharing perspectives in this space. Personally, I believe the stock will drop below 19p. I might be wrong, but I’m curious - how high do you see it going, and on what kind of timeline?

The fussis that they require significantly more funding than they currently have to carry out the so-called “planned” works. That shortfall is why confidence is dwindling - and as always, the market reflects reality.

James Simons, I’d advise against purchasing any additional shares at this stage. I exited my position because I anticipated a further decline - potentially all the way down. Please exercise caution, especially given the substantial amount you've already invested.

I genuinely believe James Simon has a significant financial stake in this and no reason to mislead others—especially those he's likely never met in this forum.

That said, James, I urge you to be cautious with how much you continue to invest. Personally, I’m likely exiting at this point due to the ongoing communication gaps, the substantial funding still required for a number of years, and the overall speculative nature of the project. It all hinges on successful drilling, pipeline infrastructure, and securing key commercial agreements.