Pantheon Reources PLC (QX) (PTHRF) Quote

PTHRF,,,LOOKING GOOD TODAY,,,

PTHRF,,Company issuing interesting news last week
Pantheon Resources (PANR.L PTHRF P3K.F) announced that Megrez-1 is on track for drilling next quarter from a gravel pad adjacent to the Dalton highway, some three months earlier than an ice pad location and with the advantage of year-round operational activities. Per the company, it is a low cost, high impact exploration well with management estimating a high chance of success of 69% and targeting a P50 best estimate of 609 million barrels of recoverable liquids and 3.3 trillion cubic feet of gas. The well is targeting high quality conventional reservoirs analogous to the current discoveries and developments on the Alaska North slope and will be designed to maximise the data to be gathered. Depending on results, Pantheon will undertake an extended production testing operation. Success at Megrez-1 would represent a substantial increase to the independently certified gas resource of 6.7 trillion cubic feet within the Aphun project area which will improve the overall merits of Phase 1 of the proposed Alaska LNG project with the Alaska Gasline Development Corporation

https://polaris.brighterir.com/public/pantheon_resources/news/rns/story/w6vo5qx

price prediction,,,,,higher

PTHRF announced that it has executed a contract to secure the use of the Nabors 105AC rig to drill the Megrez-1 well in Q4 2024. The company is familiar with the rig, having used it in previous drilling campaigns. Site works for construction of a gravel pad along the west side of the Dalton Highway are expected to commence in September and upon completion of these works the drill rig will be mobilised. The Megrez-1 well is estimated to have a 69% geological chance of success and will target the topset sands in the Ahpun East project area which Pantheon estimates to contain a 2U prospective resource of 609 million barrels of marketable liquids and 3.3 trillion cubic feet of natural gas. The Ahpun East topsets are significantly shallower than the Ahpun western topsets drilled previously and per Jay Cheatham, CEO, the company believes this to be one of the most impactful onshore exploration well being drilled anywhere in the world during 2024

Price prediction

Share structure interesting

Imagine share price if this company becomes billions market capitalization, 1000% pure speculating

Interesting where headed

Revenue like a lemonade stand

Wonder if this becomes a billion billions market capitalization, speculating 1,000,000%

Getting interesting

Anyone paid 0.20 and sold at .40

thinking headed up from here

did it bottom,,,AGAIN,,,

Pantheon Resources (PANR.L PTHRF P3K.F), 88E’s next door neighbour in Alaska, announced the results of its fundraise and retail offer, which raised gross proceeds of approximately $29 million before costs at a price of 17p per share. Funds will be applied towards data acquisition, tests of multiple horizons and, in a success case, a possible long term production test at Megrez-1, as well as further development of the company's asset portfolio and general corporate purposes. 22,380,254 new shares also will be issued to the holder of the convertible bond at the issue price pursuant to the bond prepayment of $4.9 million, which reduces the outstanding balance of the convertible bond from $24.5 million to $19.6 million. Additionally, the holder of the convertible bond supported the fundraising through participation in the placing at the issue price. The company now will be able to spud the Megrez-1 well in Q4 this year and to be able to conduct extended testing on that well in a sussess case. Megrez-1 is said to be targeting a 609 million barrel resource, adjacent to pipeline and road infrastructure and analogous to other fields on the Alaska North Slope currently under development

PTHRF,, buy trend looking good thi morning

stay tuned or ,,keep watching

Currently no position.

All the best to all investors here.

one administration makes something ok, authorizes projects, next administration shuts them down, after companies have spent Billions.. we have that in the u.s. but very little hit the news.
Alaska production is new opportunity for investors

Was reading this article and Pantheon came to mind...

https://www.yahoo.com/news/sunak-starmer-undermining-britain-energy-145614631.html

wonder if it would make any difference to Pantheon's valuation if they changed their country of incorporation and headquarters.

Clearly, the UK has gone off the deep end with their egregious policies toward the oil and gas industry.

PTHRF,,Spencer and his IPGL company have increased their total position in Pantheon’s shares from 7.01% to 8.11%.

In the last year the oil and gas group’s shares have been as High as 45.50p and as Low as 10.10p – they are currently trading at 25.00p, valuing the whole company at £240m.

PTHRF,,,WAY WAY UNDERVALUED

944mill shares total...with over 2Billion+ barrels recoverable

Pantheon Resources – Billionaire Tory Donor Builds Up His Stake In The Alaskan Oil & Gas Company

https://ukinvestormagazine.co.uk/pantheon-resources-billionaire-tory-donor-builds-up-his-stake-in-the-alaskan-oil-gas-company/

GLTA

$PTHRF PTHRF $PTHRF

Share structure great

Interesting

ceo says no more dilution

PTHRF,,PANR,,this from Oilman Jim
Pantheon Resources (PANR.L PTHRF P3K.F) announced results of the recent independent expert report by Cawley Gillespie & Associates. This completes the independent estimates for the company's aggregate resources from the Kodiak field, Ahpun western topsets and Alkaid horizon resulting in totals exceeding 1.5 billion barrels of ANS Crude and 6.5 trillion cubic feet of associated gas. As with Lee Keeling & Associates which recently updated its IER on the Alkaid horizon of the Ahpun field, CGA has evaluated the economics of the best estimate or 2C case. Based on an ANS Crude price of $80 per barrel delivered to the US West Coast, CGA estimates the net present value of the total contingent resources in the western topsets in the Ahpun field using a discount rate of 10% at $1.74 billion. Pantheon states it is targeting final investment decision at the earliest possible date subject to regulatory consents, but in any case to allow first production no later than 2028. Subsequent news was of a $3.36 million private placement to two existing long term shareholders at $0.364 per share.[color=red] The funding strategy was also addressed and the Gas Sales Precedent Agreement is said to open a potential path to funding to long term funding of post Ahpun first investment decision expenditures without further equity dilution.[/b] [/color]In the interim, the company estimates the funding up until the point of Ahpun FID is in the range $60 - $85 million. This includes US IPO preparation costs, hot-tap into the TAPS pipeline and the cost of drilling and testing the planned Megrez-1 well to assess the Ahpun East project area which the company estimates to contain a prospective resource of c. 609 million barrels of marketable liquids. The upper end of the cost range also includes the cost of drilling and testing an additional Ahpun appraisal well if required. Funding options presently under consideration include farm-out, equity, debt, hybrid and a US listing targeted for 2025. Pantheon believes a US listing is an important step into providing greater access to the US institutional investment community, and to enhance market depth and liquidity in the company's shares. I spoke with David Hobbs, Executive Chairman, last week and it sounds like he can pull this off

Nice share structure

Dropping a lot

PANTHEON,,,,not long until profit flow starts, achievements have been done and more coming

PTHRF,,,delivery contract to Alaska AGDC
https://www.research-tree.com/media/pantheon-resources-enters-into-major-gas-sales-agreement-with-agdc-subsidiary/id/20953

PTHRF,,,PANR,,video link with David Hobbs, 11June

https://www.research-tree.com/media/pantheon-resources-enters-into-major-gas-sales-agreement-with-agdc-subsidiary/id/20953

Pantheon Resources announced yesterday (11 June 2024) that Cawley Gillespie & Associates’ Initial 2C Resource Estimate for the Ahpun Topsets amounts to 282 million barrels of recoverable liquids (gross), consisting of 54% oil and 46% natural gas liquids (“NGLs”). Inclusive of 803.5 bcf of natural gas, the total 2C resource estimate for the Ahpun Topsets as estimated by Cawley Gillespie & Associates amounts to 416 million barrels of oil equivalent. We believe that the estimate is of interest in its own right and also because it completes the quantification of the resource estimates for Pantheon Resources’s core assets (Table 1). Therefore, we believe, yesterday’s announcement sets the scene for Pantheon Resources to elaborate a comprehensive developments strategy. Likewise, with this final piece of the puzzle quantified, we are now positioned to assess and provide, in due course, a view on the comprehensive value of Pantheon Resources.

PTHRF,,,PANR’s gas is pipline quality

12+ minutes into video

Jay says "hugeley" profitable at $60 dolars p/bbl at 12minutes into video

http://pantheonresources.com/index.php/media1/webinars

they posted profitable above $30-40 p/bbl of oil

LNG not nearly as much as oil profit

the contract means maybe $182,000,000 per year

1 cu/ft equals 1,015 btu's,,500mil/cu/ft is 500billion+btu
times $1 per million btu
equals $500,000p/day
equals $180million per year

do the math for daily gross,,it scared me,,it's large

Pantheon Resources Agrees to Sell North Slope Gas to Southcentral

https://www.akbizmag.com/industry/oil-gas/pantheon-resources-agrees-to-sell-north-slope-gas-to-southcentral/

The Alaska Gasline Development Corporation (AGDC) signed a gas sales precedent agreement with London-based Pantheon Resources to fill a pipeline from just south of Prudhoe Bay to Cook Inlet. The deal is meant to advance two related goals: building an in-state gasline and supplying energy to the Anchorage area.

GLTA

$PTHRF PTHRF $PTHRF

PTHRF,,,,THIS IS FANTASTIC NEWS

PTHRF,,PANR,,longterm production company being created here.

Congratulations everybody here with this recent news from PTHRF.

Management, imo, has put in a tremendous amount of strategic hard work in a tough Alaska environment.

With excellent management / oil field assets / strategic development / and industry know how = best potential small cap oil and gas in Alaska, imo.

PTHRF
Pantheon Reources PLC (QX)
0.4415
-0.0068 (-1.52%)
Volume: 777,657
Day Range: 0.4311 - 0.456
Bid: 0.431
Ask: 0.45
Last Trade Time: 3:59:05 PM EDT
Total Trades: 22

That's great news!

Signature of Gas Sales Precedent Agreement with AGDC Pantheon Resources announced it has entered a Gas Sales Precedent Agreement with the Alaska state owned Alaska Gasline Development Corporation (“AGDC”), which is leading the development of the Alaska LNG Project. We are at once surprised by the announcement and the extent to which Pantheon Resources has become a key strategic partner for the State of Alaska. We view the development as a critical and positive achievement for Pantheon Resources.

GLTA

$PTHRF PTHRF $PTHRF

PTHRF,,will it uptick more going into close ??