Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
PTHRF,, buy trend looking good thi morning
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
Interesting
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
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 <3% co2 and is ready for wholesale without co2 stripping. It is this that puts PANR gas ahead of all other Nslope producers and puts PANR and the State (AGDC) in a symbiotic relationship.
This is huge commercial advantage over other Nslope producers who in order to qualify for pipeline access have a capital spend in the order of ~10b$ to build a carbon stripping plant. Furthermore PANR’s low co2 gas allows PANR to leverage a cheap gas offering with minimal treatment requirements to the state that actually turns the probability of the pipeline project on its head, with enough margin to get the project funded and built. I have previously posted an economic example (copied below).
Strategically this puts PANR ahead of other n/slope producers as the State needs PANR gas at no more than $1 per mmbtu to get this done. PANR and the State are bound at the hip which elevates PANR, a small AIM listed company to the top table, along side major O&G upstream but also top tier construction, international entities, Asian traders who deal in world LNG supply and distribution.
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
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,,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 ??
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.
THIS FROM "WH IRELAND"
nothing like excellent news make smiles for all
THABK YOU dirtycurty,,,EXCELLENT POST
PTHRF,,,EXCELLENT BEGINNING TODAY,,UP 25% RIGHT NOW
PTHRF,,,EXPLOSIVE TRADING BEGINNING,,LOVE IT,,,FINALLY
PTHRF
#PANR #PTHRF $PANR $PTHRF #Alaska #oilandgas The Alkaid Gas Plant location is in the Ahpun Alkaid UNIT. Same area for the Hot Tap into the Trans Alaska Pipeline System (TAPS) & Gasline to parallel TAPS. https://t.co/r6ebaAywb9 pic.twitter.com/4AjJgBM5rS
— UFO Pilot (@GeodesRock49) May 21, 2024
GREAT VIDEO,,,
$panr
— FlightUseful7258✈️ (@Flight_Useful) May 27, 2024
Great Bear/Pantheon
‘Real promising opportunities that we are excited to see play out’ pic.twitter.com/mCSPtTefPB
MY LAST POST VERY ENLIGHTENING FOR DOUBTERS
PTHRF,,,PANR’s gas is pipline quality <3% co2 and is ready for wholesale without co2 stripping. It is this that puts PANR gas ahead of all other Nslope producers and puts PANR and the State (AGDC) in a symbiotic relationship.
This is huge commercial advantage over other Nslope producers who in order to qualify for pipeline access have a capital spend in the order of ~10b$ to build a carbon stripping plant. Furthermore PANR’s low co2 gas allows PANR to leverage a cheap gas offering with minimal treatment requirements to the state that actually turns the probability of the pipeline project on its head, with enough margin to get the project funded and built. I have previously posted an economic example (copied below).
Strategically this puts PANR ahead of other n/slope producers as the State needs PANR gas at no more than $1 per mmbtu to get this done. PANR and the State are bound at the hip which elevates PANR, a small AIM listed company to the top table, along side major O&G upstream but also top tier construction, international entities, Asian traders who deal in world LNG supply and distribution.
When the ripples of this hit the radar across industry, key stakeholders will want exposure to the upside of the project. Huge potential for a PANR re rate.
So, it’s not a case of ‘do PANR get to use the pipe first’?, PANR ARE THE PIPE - and allow the economics to work. I know that sounds ridiculous, - to be THE reason a global 40b$ lng project could ultimately go ahead, but it’s a fact. What does that do to a minnow like PANR? Shock and awe stuff, shock and awe.
The AlaskaLNG project is fully permitted at both Federal and State level as a whole. It awaits its FID for phase1 after the completion of FEED work scheduled to run for 1yr from July 2024.
My understand is that the AGDC need an investment of 50 m$ for FEED works, but investment partners looking at that require a firm commitment of offtake for the gas (Enstar and Nutrien)? and a producer to commit to long term supply contract with a price attached. We know PANR have given this assurance. The timeline for both the AGDC FEED decision and PANR’s full funding strategy is in sink (by July 2024) and one could argue the AGDC schedule is actually pegged to PANR development schedule with both FID for phase 1 pipeline and PANR Ahpun FID projects in summer 2025
With those commitments in hand the AGDC can work on phase 2 stakeholders. (AGDC announced this week the update with the Japanese consul to Alaska) and there’s plenty of anecdotal evidence of industry specialists ‘liking’ pantheon articles, obviously aware of the projects development. My hunch is heads of agreements for key project stakeholders are being put in place ahead of FEED decision this July with option agreements for phase 2.
Other developments from the Alaska legislature is House Bill 222 (HB222) which looks to allow the Alaskan Permanent Fund to invest for up to 25% of project funding. The State is gearing up for skin in the game, which is prudent as the below economic model shows huge IRR’s for the State, and they can put to bed the instate squabble over PFD cuts which are the yearly payments made to every Alaskan as a share of the states natural resources income, yr on yr income and payments for the state budgets are falling.
The destiny of State economic growth is in its own hands, and a no brainer (IMO) for the State to back its own infrastructure project.
And so the age of the symbiotic relationship between PANR and State begins …..
WOW, MARKET DOWN,,WORLD OIL DOWN,,
Wonder about dollarssssssss down the road
Followers
|
34
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
2881
|
Created
|
04/11/20
|
Type
|
Free
|
Moderators doinit WOOFERHEAD |
https://www.pantheonresources.com/
April 2022 Webinar Video : https://www.youtube.com/watch?v=XNJDY-byL44
WH Ireland October 2021 Note on Pantheon : http://argoexploration.com.au/content/wp-content/uploads/2021/10/FN-PANR-121021.pdf
Alaska Oil and Gas Conservation Commission http://aogweb.state.ak.us/Drilling
UK ADVFN thread : https://uk.advfn.com/cmn/fbb/thread.php3?id=50280827
London Pantheon Share Price Chart and Volume
Company Web Site : https://pantheonresources.com/
Pantheon's early activities were focused on exploration/exploitation of oil and gas properties located onshore, East Texas. However, in 2019 the Group strategically acquired 100% of the oil assets of Great Bear Petroleum, a private company which had spent over a decade building a significant portfolio of high quality, high potential properties on the Alaska North Slope, onshore USA. Pantheon has since made a strategic decision to exit entirely its East Texas position in order to concentrate solely on superior opportunity offered by its Alaskan assets.
Over its +10 year history, Great Bear built a significant acreage position on the Alaska North Slope, which Pantheon strongly believed offered enormous size and scale in a world class setting. Importantly, the acreage offered the significant advantage of being located immediately adjacent to the main transport infrastructure for oil in Alaska – the Trans Alaska Pipeline Network (‘TAPS’) and the Dalton Highway (the major supply road built to support the Trans Alaska Pipeline System. Being located in such close proximity to the road and pipeline infrastructure is a key point of differentiation and a key advantage over all other undeveloped properties regionally. These benefits are extremely material and should not be underestimated, potentially saving Pantheon tens or hundreds of millions of dollars of development capex, and should result in savings measured in years, for development time horizons. For example, the Alkaid project, located immediately underneath and adjacent to TAPS, provides the opportunity of year-round activity, rather than only the winter months as is the case for other projects. These are considered to be extremely significant advantages.
Pantheon has over 1,000 square miles of modern, high quality, 3D seismic, most of which is proprietary, and has long life leases (+/- 9 years on average) over 160,000 mostly contiguous acres which offers the potential for billions of barrels of oil. This acreage position has been extensively refined over recent years and today Pantheon has a 100% working interest in all of its projects.. Over US$250m has been invested into the assets to date, providing a rich dataset of information which has been used to gain an in-depth analysis of the sub surface geology, which directors believe offers multi billion barrel of oil potential.
THEIR LOCATION HAS TREMENDOUS ADVANTAGE TIMEWISE ,,,
BACKGROUND FOR THE CEO,,
Mr. John Bishop Cheatham, also known as Jay, has been the Chief Executive Officer of Pantheon Resources since January 25, 2008. Mr. Cheatham served as the Chief Executive Officer and President of Rolls-Royce Power Ventures, where he was responsible for restructuring Rolls-Royce. He served as Chief Executive Officer to the Petrogen Fund. Mr. Cheatham has more than 35 years of experience in all aspects of the petroleum business, has extensive international experience in both oil and natural gas. He also has considerable financial skills in addition to his corporate and operational expertise. He served as Senior Vice President and District Manager (ARCO eastern District), responsible for Gulf Coast US operations and exploration and President of ARCO International, where he was responsible for all exploration and production outside the U.S. Mr. Cheatham also served as Chief Financial Officer of ARCO's US oil and natural gas company (ARCO Oil & Gas). Mr. Cheatham also has considerable financial skills in addition to his corporate and operational expertise. He has been a Director of Pantheon Resources since January 25, 2008.
link showing location etc. on map. The map below is broad area. Pantheon is in far right where all the black lines (roads) cross
https://www.alaskajournal.com/sites/alaskajournal.com/files/pantheon_presentation_january_2020.pdf
As at 18 May, 2021 allotted, issued and fully paid: 747,002,203 ordinary shares of £0.01 and
and as of 6 may 2022 there are 760,505,988 ordinary shares,, an increase of approx. 13 million
The Company has 747,002,203 ordinary fuly paid shares in issue and 4,803,922 non voting shares. Non voting shares are exercisable into voting shares on a 1:1 basis
The number of ordinary shares not in public hands amount to 6,666,691 equivalent to 0.9% of the issued allotted and fully paid ordinary shares.
This is correct as of 19 January 2022
Share Warrants(1) | |||
Exercise price (£) | Number of share warranty exercisable into non-voting shares | Expiry date | Share options as a % of issued shares |
0.30 | 9,607,843 | 30 September 2024 |
Exercise price (£) | Number of share options exercisable into ordinary shares on issue | Expiry Date | Share options as a % of issued shares |
0.30 0.27 0.33 | 10,000,000 11,750,000 14,655,000(2)xv | 30 September 2024 6 July 2030 27 January 2031 | 1.63% 1.69% 2.38% |
THE CENTER PORTION IS BROOKIAN FORMATION WHERE PANTHEON HAS LEASES
ALL DOTS ARE HIGHLY PROMISING AREAS FOR ADDITIONAL WELLS AND PRODUCTION
http://aogweb.state.ak.us/Drilling
Basic Petroleum Geology 6:20 in length. https://www.youtube.com/watch?v=pmIkxs6TRao
Elements of Basic Petroleum Geology. 6:04 in length. https://www.youtube.com/watch?v=S5xZf-IDoAg
Hydrocarbon Traps - Basic Definitions. 6:21 in length. https://www.youtube.com/watch?v=FHwt7CDvIT0
Structural Hydrocarbon Traps. 5:40 in length. https://www.youtube.com/watch?v=1FeMmEdZeck
Stratigraphic Hydrocarbon Traps. 7:07 in length. https://www.youtube.com/watch?v=DAl2WfM_NAE
Introduction to Seismic. 5:11 in length. https://www.youtube.com/watch?v=vrj7lulFe_M
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |