Member Info for tonynorstrom1

James - this is what you said on the 22nd December 25:

"Perfectly said .......this co is a massive con . A lot of holders have lost serious money . Even Jay decided to call it a day . Couldn’t get any worse !"

Perhaps you could explain what progress has been made from December until today for you to now post the following today :

"Exciting times ahead for holders of Pantheon . Significantly undervalued and well oversold . Kodiak is the jewel in the crown and one that we could focus on . Huge shout out to the ceo and top team at Pantheon . You have my complete support in your endeavours ‼️"

Whats the huge shout out for - 30p to 7.5p - I dont understand ?

James - remember you said you dont like to talk about your holding.

regards

Cringsing,

To be fair to Stas - I initiated the discussion on David Hobbs questioning his move out of executive leadership and I'm happy to be corrected / reminded by Brombarb that it was a pre-panned move not related to any of the events in the last year. As far as his credibility is concerned - I think many LTH's will have concerns - he simply has not delivered on a number of key items :

1) Financing (He promised substantive news which never materialised)

2) Megrez (He's been front and centre of PANR , egged on the 7 independent horizons and failed to sufficiently highlight the risks)

3) Dubhe 1 (underwhelming so far - just look at the SP)

"1) The company has said no news re Dubhe-1 until spring. Looks like they meant it." - This is simply not true - perhaps you need to refresh your reading skills and refer to the RNS dated 15th Jan 2026 (1 month ago) wherein :

Max Easley, Chief Executive Officer, said:

"Today's financing further enables our forward programme at Dubhe-1. Prior to the suspension of testing in December the well was exhibiting increased gas production volumes, and we are very keen to recommence operations after pressure build-up and other analysis has been completed. Completion of the testing programme will determine the next steps for the development of the Ahpun asset and will potentially unlock significant value for the Company.

"In addition, upgrading the seismic over the Kodiak structure now may significantly strengthen our position in ongoing farm-out discussions."

"We look forward to updating shareholders on BOTH fronts in the coming weeks."

What is the rationale for David Hobbs stepping down from Executive Chairman - is he abandoning ship ?

This is what they had to say - not a lot as it happens since the RNS was rather short:

Conclusion. Pantheon holds 100% in a series of licences onshore Alaska, where the company has made a number of large discoveries. Across its Ahpun (SMD-B, SMD-C, Slope Fan), Ahpun Alkaid, and Kodiak assets Pantheon currently holds recoverable 2C resources of 1.8bn bbl of liquids and over 6tcf of gas, and is now looking to gain a full understanding of its portfolio, via new drilling and testing work over the next 12-18 months, in order to progress towards development. The main locus of value for Pantheon’s assets is the significant liquids volumes, but these are also assessed to hold significant gas resources, and recent third-party moves to build a gas export pipeline south to Anchorage and a new potential Alaska LNG export project, supported by potential Pantheon gas production volumes, could help expedite Pantheon development and reduce costs. The company had US$27.2m of cash as of late December 2025 (prior to its last Dubhe-1 appraisal well invoice) and has since raised another US$10m of equity, funding forward activities. Going forward, we look for further news on the Dubhe-1 appraisal well and resumption of flow testing, potential new appraisal drilling on Kodiak and an associated farm out, and the forward plan for progressing development. We have a positive outlook for the shares as this news flow comes through, and value them inline with our 49p total risked NAV on this timeframe.

"I think you are correct James as do a few in the know 😊"

Bricks - What is James correct about and what does the "as do a few in the know" even mean - perhaps you could kindly explain. The SP gives an indication of what the "smart" money thinks about the current situation.

HHReturns,

“I just love the fact that a number of people supposedly with shares in here are as negative as those not holding. It doesn't make sense to me. Why not sell if you feel like that?”

You don’t understand because you have no balance and perhaps questionable integrity - here’s a couple of ideas

1) imagine PANR is your football team - you don’t stop supporting them just because they lose. If they loose every week then there’s not a lot to cheer about and it doesn’t help to gold plate it - you need to fundamentally change something.

2) integrity - if you pump a stock shamelessly without any technical basis - your trying to deceive fellow investors - why are you not calling this behaviour out.

3) comments / Sentiments can be negative but factually correct and balanced. The SP clearly indicate there is a problem - trying to pretend otherwise is not helpful. I’d rather have it straight than a load of pumping nonsense. These BB’s are intended to share knowledge / thoughts. How is someone like JamesSimon providing any kind of value to fellow investors - there’s absolutely zero substance to any of his posts and his motives are quite clear and not in the interests of genuine investors.

To turn “Contingent Resources” into reserves - you need a successful flow test. Without this , PANR’s assets are not worth a lot. So you can have a trillion bbl of 2C - but if you cannot turn them into reserves - there worth zilch.

I know you don’t like talking about it - but how many shares do you have now James.

James - you must be having a giraffe - you’re always bragging how many shares you hold. Personally I think there imaginary but hey ho.

To the other posters asking “how he knows” - suggest you check out his posting history - he obviously knows very little!

Thanks for that Bricks - I would probably slot you in the poorly informed category - hope my little tutorial on Contingent Resources was of some use to you.

Agreed Cbarron - good post by Dickie !

Part 3

I want to be inclusive here and post a little bit of something for everyone as I know that there are some her that are a little averse to any balance - so here goes:

"Great entry price, Bargain – wouldn’t want to be out over the weekend. Back up the truck – BOOM!"

I expect a few likes for this one – I said all the things you guys like to hear!

(and by the way 7p may prove to be a great entry price!)

Part 2:

Dubhe 1 is key – without success we have no “show me well “and will need a farm-in or $40m for a new well - both imply substantial dilution for existing holders. For investors holding in the 20-30p range – the outlook is a little less certain than for those that have got in a 7p.

Also several poster banging on about SP being 70p only six months ago – actually nearer 12 months ago. That little slip aside - Always good to reference SP to past performance – but don’t forget to factor in dilution i.e. 64p adjusted. Also don’t forget to factor in the missteps – no Megrez & Dubhe 1 looking a little shaky.

“This board has been infiltrated with people who abuse each other or point score - no wonder the share price is depressed it reflects the level of so-called discussion on this board”

No – the share price is depressed because after spending several hundred million dollars – PANR has simply not delivered and in particular no “show me well.” The level of so call discussion is due to a number of factors including uniformed investors who don’t know the difference between reserves and contingent resources or those with an agenda that don’t really want to know and are trying too pump or bash the stock.

Here’s a little bit of information for those genuine investors trying to understand the value proposition here. We had one poster here yesterday proclaiming that 2C resources are normally selling for $1-$4 per bbl. and hence PANR could be worth up to $4B dollars. Consider this:

1) Sale of 2C assets is actually quite rare and are usually bundled up with producing assets. So, this $1-$4 per BBL is usually an implied value by stripping out the value of the reserves. In doing so the value of the contingent resources are normally significantly inflated to where they would be on standalone basis.

2) Not all 2C resources are born equal – so for example if you had a 2C asset in Saudi close to an existing field and infrastructure with amongst the lowest lifting costs in the world – these are likely to be considerably more valuable that something in a remote part of Alaska where costs are considerably higher

3) Sealion (Falkland Islands) – one of the few examples I could find of a pure play 2C. Premier bought into the asset in the $1-$2 range and is now 2/3 owned by Navitas with Rockhopper holding the balance – current market cap values Rockhoppers stake at around $2.60 per bbl. However, the project is at the final stage before development i.e. FID, Rockhopper has a partial carry-on development cost plus finance arranged for the balance. It’s backed by Navitas with deep pockets and crucially they have a “show me well”.

Hey James - I’m invested here and In fact I bought a few more a short while ago. I’m sure Cbarron is also a holder.

Still waiting for you to pinpoint the false narratives you are accusing me and others of spreading? I know that you are not well informed here and struggle to articulate the investment case but hey - you made the false narrative accusation - presumable you can back that up at least?”

And another thing- you should stop using the Royal “We” - you stand pretty much alone on your perch of stupidity. Actually no - keep using it - I get a bit of a chuckle out of it.

Hey James - your chance to shine - what are the false narratives you are accusing me and others of spreading. this should be pretty simple for you to answer?

Whoops - don’t be too intrigued - just take a look at the funding RNS dated 15th Jan - they advise that they expect to update the market in the coming weeks.

My advice is to take anything F1Driver says with a huge pinch of salt - imo he fall into the uninformed or scammer category.

F1Driver - first off - you’re not my buddy - there are no buddies here. Posters fall into a number of catergories:

1) the uninformed

2) rampers or bashes with an agenda

3) genuine investors

Your posts indicates you fall into category 1 or 2 - perhaps both

James - this is what you posted yesterday:

“You’re missing the point they are sitting on huge reserves . This is the prize all shareholders are waiting for .”

Your stupid, Ill informed and a light weight - apparently clueless about the difference between contingent resources and reserves.

You used a word this morning which I think is apt - nefarious - your blatant ramping and ill informed posts are just that - you're a charlatan as simple as that

You have no idea what im up to on here or cbarron for that matter as you are simple and have no integrity.

I’ve asked you multiple times to pull me up on anything that I’ve posted that is unfair or inaccurate and ill address - it cannot have gone unnoticed here that you have failed to take me up on that. As I’ve mentioned before - a cursory review of your posting history will highlight that you have absolutely zero substance to add here.

F1Driver - something that you don’t appear to appreciate is that not all 2C resources are created equally. The market is telling you that PANR assets don’t currently falls into that valuation bracket - perhaps you need to pipe down and do a bit more research.