Replies to post #69 on Pantheon Resources Plc (PTHRF)

[doinit]

PTHRF,, I especially liked all these points of interest

this,is,from,a,year,ago,,,all shown to come to pass
A few (very quick) key points to remind ourselves of in these extreme circumstances:

1. PANR has no debt

2. Clean capital structure

3. Strong supportive shareholders

4. >12 months cash on hand – Audit Report signed off 2 weeks ago

5. We are a "conventional" oil company as opposed to "unconventional" ie shale. Lower cost of production
6. Our project models are robust at oil prices much lower than the shales. With the downturn in the oil price we will see significant cost reductions coming through (drilling costs, service provider costs etc). We’ll be updating our models to reflect the changed macro environment but believe at this stage Greater Alkaid should be breakeven between $20-30/bbl

7. Low royalty rates 12-17% (some of the lowest in USA)

8. Our assets located virtually under and adjacent to the pipeline and highway infrastructure

9. We are "onshore" versus the capex intensive "offshore" players. Significant advantage

10. We have phased development potential for big oil as opposed to major upfront capex

11. Oil service rates will plummet and we are well positioned to take advantage of this to get costs down
12. Our Alaskan play is a long term play – this is a 40 year or more play, exposed to long term oil prices. Realistically, in a best case scenario, we would only likely have a maximum 1 or 2 wells on stream in the next 12 months (subject to a successful farmout), so it is long term not short term prices that are key

[doinit]

where they can work through the summer,,,,news might be soooonneerr,,,,

[doinit]

PTHRF,,several things in progress,no substantial news until all gets done and comes together,,,then, look out, up up up and away
BUT THERE IS NEWS TOMORROW FROM SHAREHOLDER MEETING

[doinit]

PTHRF,,,from london early today,,nice volume
close price / date
28.50 / 18 May 2021
Volume
3,495,406

[doinit]

http://pantheonresources.com/investors/shareholder-documents/658-baker-hughes-ahs-vas-report/file
In making interpretations of VAS and other logs, our employees and associates will give the customer the benefit of their best judgment. But since all interpretations are opinions based on inferences from electrical, analytical, and other measurements, we cannot, and we do not, guarantee the accuracy or correctness of any interpretation. We shall not be liable or responsible forany loss, cost, damages, or expenses whatsoever incurred or sustained by the customer resulting from any interpretation made by any of our employees or associates.A High-Level Executive Summary of Cuttings Volatiles from the Great Bear Pantheon Talitha A Well, North Slope, Alaska.Mike Smith, President AHS, 14 April 2021Pantheon Talitha-A well cuttings’ volatiles are analyzed in 238 Lab-Loaded and 178Sealed-at-Well samples from between 6000’ to 10,455’ measured depth using AHS’s proprietary Cryo-Trap Mass Spectrometry technology.We briefly summarize here what we consider our most important findings from this work so far.4 sets of cuttings have been analyzed. 178 sealed-at-well cuttings from6800 to 9736’ md; 156 lab-loaded cuttings washed and dried on the rig sitefrom 6790’ to 9240’ md; 20repurposed unused backup sealed at well samples from 9280’ to 9660’ md; and 62 wet unwashed cuttings samples stored in plastic bags from 6030’ to 6790’ and from 9680’ to 10,455’ md. There are some differences in the analyses of the original washed and dried cuttings versus the repurposed unused sealed at well samples, and the wet unwashed cuttings samples that we have consideredin making this summary this summary.

[doinit]

BEEN WATCHING ???????