Member Info for tonynorstrom1

Simple Simon - why don't you post something useful for a change.

I think everyone is concerned (except halfwits like youself) - that's why the share price is in the gutter and the reason that your imaginary shares are underwater !

Pantheon Resources’ core assets (Talitha, Alkaid, Theta West) are located on the eastern North Slope, specifically:

East of the Dalton Highway

Outside the National Petroleum Reserve–Alaska (NPR‑A)

On State of Alaska and Native lands, not federal NPR‑A acreage

PANR’s plays sit closer to:

TAPS infrastructure

Existing North Slope producing fields

Oil Search / Hilcorp / ConocoPhillips legacy fairways

Where the record lease sale acreage is

The March 2026 lease sale covered tracts only within the NPR‑A, which lies:

West of PANR’s acreage

Predominantly west of the Dalton Highway

Concentrated around:

Willow project fairway

Western and central NPR‑A basin areas

Location Location Location - right place but can we flow commercially ?

Well here' s a thought for you - If James Simon buys any more shares, he would surely be encroaching the 30% ownership rule and would be mandated to make an offer for the Compnay....hmmmm?

I wonder what he would pay us small fry to buy out our shares.

Jantax,

You can take a look at James posting history - it’s all there - if you think he is engaged and remotely knows what he’s talking about - you’ve got your head so far up your a$$ you need to re-access

- imo of course - but take a look at his

Posts . How can some one so clueless own 30m shares - look forward to your response.

That's impossible James - I've been totting up your buys, and that's 1.1B shares you've bought since last week ?

I thought about it James, thought about it a lot - but what you've just stated could also be said of David Hobbs - big reputation but he failed to deliver and this was a man that if I recall correctly you called "a beautiful man".

You are a blatant ramper and as always your posts are as useful as a soup sandwich !

Cringsing - your take although a little harsh is a lot more grounded in reality than James - he's a blatant ramper with little to no thought process. Its also very doubtful whether he has anything like the number of shares he claims. Anyone with that number of shares is a serious investor and would have a proper understanding of the business. James appears to know nothing other than:

"There is an abundance of oil in these wells . This is significantly undervalued and way oversold . Absolute bargain entry price , a steal . This is a license to print money"

On the positive side we are in the right place at the right time with 1.2b barrels of contingent resource - it's got to be worth something!

My last comment - how can they be farming in ????????????????????????????????????????????- they already own the asset ! When you get it - give me a nod - i'm not looking for an apology.

Bricks - you are the fool - "you don't know what you don't know". The trouble with AI - you've got to ask the right question then understand the answer.

Let me try to put it in simple terms - as was already explained to you - it's essentially the same process but described from the perspective of the party concerned i.e. PANR would be farming out, or the second party would be farming in.

So if PANR was farming out a 70% interest, the other party would in effect be farming in 70% - the net result would be the same from PANR's perspective. I don't think anyone here understands why you are still laboring this point - I do I think - you're trying to show how smart you are which in my opinion is not very smart.

I did say a while back that 3 strikes and your out - Dubhe was David Hobbs 3rd strike.

Max has at least one strike against his name and perhaps closer to two - Dubhe and the equity raise that they didn't need to do only a couple of weeks earlier. The Dubhe result has removed some of the upside imo.

On the brighter side - I am more positive on the potential farmout - were in the right time, right place with a valuable asset. The only problem is the lack of funds which means the farmout terms will be interesting. If I was to put money on it - I would guess that we get to keep 25-30% of the asset for a free carry on a couple of wells.

The sound quality on my computer was poor so I missed a couple of words in the Webinar- Did the new Chairman say "were not going to open up Dubhe" which I took to mean no current plans to continue the flow test. Did I hear right ?

There wont be any super positive news out of the meeting unless an RNS is release first. Material news must be released via RNS and not during an AGM

Nomadme - Interesting post and a bit of throught process behind it unlike the pish that Simon posts but if one were to be critical - you could call it spin. For example and investor in Willow might spin it this way :

The Ahpun Problem:

Pantheon Resources’ Ahpun field looks attractive on paper promising “drive‑thru” efficiency compared to ConocoPhillips’ remote Willow project. But proximity alone doesn’t solve the deeper issues. Ahpun’s resources remain contingent, not proven. The company is a smaller AIM‑listed independent, facing financing constraints, execution risk, and technical uncertainty in unconventional reservoirs. What Pantheon markets as a gift — acreage on the pipeline’s doorstep — is also a vulnerability. Without large‑scale flow tests, without the capital depth of a major operator, and without regulatory clarity on unconventional drilling, Ahpun risks becoming a stranded promise. Investors face the “problem” of betting on potential rather than proven barrels.

The Willow Solution

By contrast, ConocoPhillips’ Willow project is massive, remote, and undeniably expensive. Yet Willow offers what Ahpun cannot: certainty and scale. A successful flow test has already confirmed commercial viability. Federal approval has been secured, and construction is underway. Willow is designed to deliver 180,000 barrels per day at peak, reinforcing TAPS throughput and anchoring Alaska’s oil future. It is backed by the financial muscle, engineering expertise, and political leverage of a supermajor. Willow is not just a project; it is a solution to Alaska’s declining oil production, ensuring billions in revenue and thousands of jobs

That' s a bit rude Cbaron - Simon has 23 million shares albeit imaginary share but 23m non the less - show some respect !

NetLong,

The analysts calculate PANR's NAV on a discounted cash flow basis i.e. time weighted value of cash, i.e., when PANR is expected to flow oil and generate cash. The financially literate understand this which sadly does not include James.

So theoretically $100 oil now should not impact the valuation of PANR unless its forecast to stay that way for the long term. In reality there may be some upside due to sentiment or if there is a scramble for interested parties to gobble up PANR.

Well thank you Simple Simon.

The rise yesterday in PANR in recent days is almost certainly due to the rise in Oil rather than any change in the sentiment or fundamentals with PANR.

You can see that E&P companies such as SQZ (mentioned by you) have also risen sharply over the last few days. Since you mentioned SQZ - one of my best investments over the last 18 months - nearly 100% up along with a handsome dividend. When the current conflict resides - the share premiums will subside - but I think SQZ has a lot of catalyst to propel it higher.

Back to PANR - we need an update from Management.

James - you must be close to owner the whole company by now - Well done !

I agree Maverick - 7-8p looks like a good entry point and those that have got in at these levels have the potential to multi bag from here.

Those that have an average of 25p - it's a different proposition. For us to get back to the 30-70p range imo - Dubhe1 has to come good otherwise were reliant on Kodiac which will mean significant dilution to existing holders. So whilst the value is still there - on a per share basis - the upside is significantly reduced i.e. a 150p target previously may be equivalent to 30p is the result from Dubhe dont meet expectation.

James - my average is over 25p and If any of your emails are to be believed you have an average considerably above 8p also like many others.

So to answer your question:

25p down to 7p and then back up to 8p - i'm not smiling that much and neither should you be if the game is to make money.

Worth reposting again - I dont think enough people have listened to this - they seem to prefer the drivel from JamesSimon and the like:

hTTps://youtu.be/s6QdneTna4A

Some key takeaways / quotes for me:

1) "We dont have a geology problem here...we have an engineering problem...all engineering challenges are solvable"

2) Kodiak - largest onshore discovery in 2022

3) No close analogue as of yet to compare against

4) Gas sales agreement and Alaska tales wind provides leverage with potential partners

5) Multiple companies in the data room looking at the asset including large companies, medium & small

6) All the acreage surrounding PANR has been bought - "were in the right place"

7) Appraisal of Kodiak is a priority this year - Geophysical Investigation along with drilling a well. Also to complete testing of Dubhe 1 -"were not done with Dubhe1 yet.

8) Reason for the recent capital raise - "Broker came to us not the other way round....we took the opportunity to strengthen the balance sheet...puts us in a stronger position in negotiations with potential partners"

A very good interview / podcast - well worth a listen.