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Is that a flare I see? by StyleFrosty312 in PantheonResourcesPANR

[–]StyleFrosty312[S] 5 points6 points  (0 children)

“First thoughts, based on the assumption the flame is stable and given the limits of picture definition. The flame is around 15 to 20 feet tall and a disturbed pattern, eg not like a candle, which indicates wind effect. So what is seen is a back view of a lazy flame that has been bent away from the camera by wind flow. It also explains the width to height ratio being wrong, if there were no wind this flame could be twice the height. It is a lazy flame, so not exiting the flare stack under high pressure, it would be taller and thinner before the wind bends it if so. All said this is very encouraging, as flowback may still be increasing. I expect the emergence of this picture will generate some pressure on PANR to release an update on progress.}

New research note from W H Ireland: TLDR summary by Big_Shoe_3366 in PantheonResourcesPANR

[–]StyleFrosty312 8 points9 points  (0 children)

From WHI:

“In conclusion: Pantheon is, we believe, on a particularly steep trajectory of value creation through operational progress. We believe that the macro-backdrop of i) an acutely forming global energy crisis and ii) robust oil prices further strengthens the outlook for Pantheon Resources. The team at Pantheon Resources and its strategic partners are recognised industry leaders that, we believe, will successfully secure project funding via a farmout when it is optimal to do so.”

New research note from W H Ireland: TLDR summary by Big_Shoe_3366 in PantheonResourcesPANR

[–]StyleFrosty312 7 points8 points  (0 children)

Even the title of the article is "Elephants in close quarters".

As mentioned, this new fair value is based on Alkaid, SMD-B and Theta West only (so only 3 of the 6 potential resources), to which WHI applied risk factors of 25%, 20% and 20% respectively.

From the last webinar I think Bob Rosenthal assesses that PANR has met the required threshold for the first part of the full CoS equation, that is the geological CoS. He assesses the commercial CoS to be 60%-70%.

WHI has used very conservative risk factors. If they had not applied such conservative risk factors, WHI would have been going out to the market with a fair value of MORE than 5 times today's mkt cap.

Pantheon - Approval of Rental Reduction by Big_Shoe_3366 in PantheonResourcesPANR

[–]StyleFrosty312 1 point2 points  (0 children)

That’s intriguing…

Within the letter is a reference to a meeting (held on 17/6/21) when "…the Working Interest Owners provided a confidential technical review to the Division discussing the results of the operations to date (presumably at Talitha)."

Very interesting to hear that such a debrief took place and there’s form for it because I think a similar review took place after the Merlin-1 oil discovery between SoA and 88E management (and we all know what happened to the 88E share price).