The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Sorry master I cannot see the relevance in your comment "the rig operator" in a battery metal EXPLORATION company has anything to do with an oil exploration company in Alaska or anywhere else for that matter. One of us has some serious research to do wouldn't you think before making those comments. Cheers
Morning Brom. Not only Jiddy. You yourself have copped some undeserved flack over the years and so have other LTH,s. Fingers crossed our time might finally have come around. Wise to tread carefully as this seem too good to be true. Hope this finds you and the family fit and well. Good luck in the near term especially and also long term. Cheers
Obviously Easter this weekend so no trading or Announcements on Friday or Monday. Early one or late?. I am tipping a very juicy one on Tuesday morning and Monday night for you guys and gals. Hold tight everyone and good luck to us all. Especially all of us long termers who have been through some much and are probably a little battle scarred. Cheers and all the best.
Pantheon gets approval for acquisition of remaining 10.8% interest in Talitha Unit Press Release March 23, 2021LONDON: Pantheon Resources has now received formal approval from the Alaska Department of Natural Resources for the acquisition of 100% of the share capital of Borealis Alaska LLC.Borealis owns a 10.8% working interest in each of the 16 leases in the Talitha Unit and thus the completion of this transaction increases Pantheon’s working interest in the Talitha Unit from 89.2% to 100% (with Pantheon’s net revenue interest increasing from 77.05% to 86.0%).In consideration for the acquisition, Pantheon will issue to the Vendor, Otto Energy Alaska LLC (a 100% owned subsidiary of Otto Energy Ltd) 14,272,592 ordinary fully paid shares which are subject to a lock-up until 30 June 2021.Application has been made to the London Stock Exchange for the admission to trading of the 14,272,592 new Ordinary Shares, which is expected at 8.00 am on 26 March 2021.The Company’s enlarged issued share capital admitted to trading on AIM immediately following Admission will consist of 629,368,196 Voting Ordinary Shares and 63,890,478 Non-Voting Shares. The aforementioned figure of 629,368,196 Voting Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Pantheon under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.The Company has successfully completed the sidetrack to the Kuparuk section of the Talitha #A well, have set a liner and perforated the Kuparuk. Testing operations are expected to commence shortly. The Company will provide an update on completion of the initial phase of testing operations which is expected to be early next week. As previously announced, oil has been encountered in the Kuparuk Formation which is a major regional producer on the Alaska North Slope and a successful test would represent a significant event for Pantheon.Jay Cheatham, CEO of Pantheon Resources, said: “We are extremely pleased to complete this transaction announced in January, especially considering the drilling results over the past weeks. Following completion, Pantheon will now have a 100% working interest in not only Talitha, but all of its Alaska North Slope projects which collectively span some 160,000 contiguous acres, over 90% of which is covered by proprietary 3D seismic. We welcome Otto as a shareholder where they can continue to enjoy exposure to the Talitha project as well as to the remainder of our Alaska North Slope portfolio.” “Having a 100% working interest across all our major projects puts us in a stronger position to pursue a farm down (or sell down) in certain projects enabling us to continue funding our operations without necessarily relying on raising further equity.”“We continue to remain cautiously optimistic for the testing operations in the Kuparuk at Talitha, which is
NTL if you take your original stake out whatever happens from here you cannot lose. It is up to you however long you leave the 5k in for. It might double ,triple whoever knows. Whatever you decide to do is your decision. Good luck whatever you decide. Cheers
Alcoops. Our tax year runs till June 30. So no relevance here. ASX rules state that any price sensitive news must be released as soon as it comes to hand and 88 has always stuck to it as far as I am concerned. So i assume this will be the case. Personally I would expect something of note before Easter. I would be disappointed if DW didn't chuck a shrimp on the barbie and have a few coldies to celebrate flowing oil and Easter at the same time. Cheers
Wise words dazzle. Be very wary of docmin please as he is all about feathering his own nest. He doesn't care one iota about any other poster ,DW, the board or the company. For the last two years he has rubbished all of the above constantly. A lot of on HC can see his motives. Pump it up and get out with his so called HUGE holding. Don't get me wrong i really hope he is correct in what he is saying and maybe he is, but be wary. DYOR and good luck to all of us. Cheers.
Well said MrM. Have been here since 2015ish and like you am holding strong for now. Buyout is still an option but nothing like we thought in the early days, but we shall see. Success next door and loads and loads of acreage . Hopefully our patience will pay off. Cheers and good luck.
Hi Mickey. Yes very well indeed and still hanging on here. Hoping for the best. How are things going with you? Different board now days but still some of the old boys here. Take buddy and will talk again soon. Cheers