Re: Delays.... I am taking the opportunity to buy some more at these levels
Delays.... No doubt the schedule will slip by a few weeks due to the significant flooding in Texas, albeit looks like the worst flooding is further west.
Re: Decent volume Pitiful volume actually compared to the heavy sell volume. Still within the downward Chanel.
Decent volume Looks like a nice warming up of the engines before the proper launchassuming the good news flows... it should be quite a decent ascent from hereHUB
Ops update Ops update out. Frac looks successful on VOBM#2H although early days and they'll need a bit of time before all frac water has been recovered.VOBM#4H now set for mid Sept.RNS Below:9 August, 2017, Pantheon Resources plcOperational UpdatePantheon Resources plc ("Pantheon" or "the Company", the AIM-quoted oil and gas exploration company with a working interest in several conventional projects in Tyler and Polk Counties, onshore East Texas, is pleased to provide the following update:VOBM#2H, Polk CountyPantheon is pleased to confirm that the fracture stimulation procedure ("Frac" on the VOBM#2H well, designed to remediate near wellbore skin damage caused during horizontal and deviated drilling, has been completed.Initial results indicate that the Frac has been successful, with the well, which is presently in the process of recovering frac water, flowing both gas and oil to surface. The Company cautions however that it is too early to make an accurate assessment as to the ultimate performance of the well until the remaining frac water has been recovered, production tubing installed and flow testing completed.A workover rig is required to install the production tubing and this procedure and subsequent testing is estimated to take a further three weeks on a trouble free basis. Results will be reported at the conclusion of testing operations.VOBM#4, Tyler CountyThe operator has been notified that the mobilisation and delivery of the drilling rig, contracted for the planned sidetrack of the VOBM#4 well is now expected during the second week of September 2017. This is due to the third party currently utilising the rig, requiring it for longer than initially forecast.
Controlling hand Looks to me like 'YOST' took a decision to short the stock around the same time as Jay ... looking to secure a funding deal. It took about 8 to 9 weeks to get done in the end but now it's done, it sees Yost are reducing. The controlling hand slowly but evidently being removed as gentle as a possible so as not to cause a spike of interest in the sp.The next few weeks will tell more but considering PANR are about to embark on some long awaited drilling/ops work, yost are already acting like their job is done.Bodes well for a break of 47p next week and move back into the 50's.Yost Capital Management, LLC 0.82% 2017-08-01GSA Capital Partners LLP 0.49% 2017-06-15GSA Capital Partners LLP 0.58% 2017-06-07GSA Capital Partners LLP 0.68% 2017-05-22Yost Capital Management, LLC 0.91% 2017-05-19HUBnb. GSA exited 6 weeks ago.
Looks cheap Looks like the share price was walked down to 45p to get the 43p placing away.If that proves true, then the share price should be walked back up and into the mid to high 50's once the usual post placing broker confetti shares have been distributed.After months of doing nothing with the drill bit... they look set to begin another exciting phase.Assuming they avoid 'more' operational issues, it would not surprise me one bit to see the share price nearer 100p than 40p come Q4.Plenty of risk of course but at 46p level that looks priced in and any upside looks priced out.HUB
Re: NEW ARTICLE: The Oil Man: Pantheon R... Placing RNS Thursday 27th July stifiel sole bookrunner, Panmure co lead manager in respect of the placing ....43p.... 4.4% discount.
Re: Good money after bad Can't say that I picked the best entry point by a long chalk and as a result I'm well 'underwater' with a paper loss.However, I continue to hold, as I'm banking on Jay's original vision playing out, despite the atrocious run of 'bad luck' over the last year.
Re: Good money after bad Your analysis is completely and utterly wrong. I just wish people would understand rns ,s.!
Good money after bad Pantheon are increasing their working interest from 50% to 75% in VOMB4, so are effectively funding their (poor) operator, Vision Oil & Gas, for 75 cents in the dollar.They think they will receive 75 cents for every dollar in revenue.But what if there is no revenue?And why would Vision's principal increase his personal stake, when his company is reducing theirs? The only reason I can think of, is that Pantheon are paying for this.The well results will speak for themselves, but Pantheon are showing behaviour called "Gambler's Ruin" in textbooks.
NEW ARTICLE: The Oil Man: Oil price, Pantheon Resources "WTI $45.77 -$1.15, Brent $48.06 -$1.24, Diff -$2.29 -22c, NG $2.97 -7cBrent was never going to hold over 50 bucks, not this time anyway as predicted last week. A run up during the week had the air taken out of it Friday when it became clear late ..."[link]
Pathetic Resources RNS RNS this morning confirms another big step forward for the company. Jay has managed to pick up his phone from his beach house in Florida and book a drilling job and a frac crew, something he should have done 6 months ago.
Re: Zac Mir Rumours of Placing. Zac Mir - he has a poor record. If he read the rns he would understand no need for funds but I bet he's making money out of what he says or at least his friends are. This guy is useless
Re: Zac Mir Rumours of Placing. Odd timing for a placing, as Gas will be sold and therefore cash generated in just 8 weeks ?