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Southmead 11 Dec 2017

Good RNS The Start of a Great Week VOBM#4 well, Tyler County, 75% working interestThe Company is pleased to report that Schlumberger has now completed logging operations on the VOBM#4 sidetrack well in Tyler County, which was drilled to a depth of 12,050 feet targeting the Wilcox formation. Electric logs have indicated the presence of hydrocarbons in a potentially significant reservoir in the targeted Wilcox formation, confirming natural gas shows encountered during drilling.

Emerald Carrots 08 Dec 2017

Market anticipating logging results this weekend. This co. has had a lot of good luck of late. See RNS's.

Southmead 08 Dec 2017

Positive Stuff Posted on LSE This was just posted by Happyholder on LSE.Good to look back at the original drill results and take a view on the log analysis results to come from Sclumberger."A side-track of the VOBM#4 well in Tyler County is the prudent next step. During drilling, the Wilcox flowed hydrocarbons into the well bore continuously all the way to total depth despite very high mud weight. This is a very promising sign. The multiple cement squeeze jobs performed to repair the liner hanger seal leak appear to have compromised the formation in the immediate area of the wellbore. However, based on log analysis and drilling data we are confident the sidetrack could be a superb Wilcox well with great additional potential on our existing acreage"Lets hope that this statement is supported by Schlumberger's report and we do have very positive news for the AGM and Christmas.

Southmead 07 Dec 2017

MW.com Article Part 3 on anything other than the individual VOBM#4 well and that it is too early to determine the possible commerciality of the Wilcox or Navarro zones) the P50 Prospective Resource attributable to Pantheon increases from 150.5 mmboe to approximately 158 mmboe. At a 60p share price and USD/GBP exchange rate of 1.32, Pantheon is currently valued at approximately $1.18 per boe P50 Prospective Resource - in an area of abundant infrastructure, low sovereign risk, and estimated operating costs of less than $5 per boe.>>> That suggests that Pantheon could be massively undervalued, and that the shares could be worth many times the current price, all being well. All has not been well in the past 18 months, but it looks much better now.>>> This has always been a parcel of assets being dressed up for sale. Now that there is genuine cash flow and the prospect of more arriving if the board can start selling gas from Tyler County before 2018 is out, prospects look much brighter. There ought to be cash enough to finance extra wells which generate extra income, and then outline significantly enhanced assets.>>> The calculations in the paragraph above outlining 158mmboe and a potential current valuation at $1.18 per barrel of oil equivalent could be extremely conservative. They come before any value has been added from the Wilcox and Navarro discoveries, and before Pantheon’s stake in them has risen to 75%. We are talking potential values, but the real substance is steadily being put in place behind that potential, with a management team which has stumbled on operations, but has so far notched up five exploration wins out of five (or maybe seven wins out of five).>>> Oil at little over $1 a barrel, and more to come? Sounds like a good gamble at 52p.

Southmead 07 Dec 2017

MW.com Article Part 2 There is another kicker, too. Pantheon will have a 75% interest in this VOBM#4 well, not just 50% or 58%.>>> The biggest kicker of all, however, could relate to the wells which are to come in 2018 now that the company is starting to see cash flow from the gas it is selling from Polk County. The most important plus could come with the return of drilling to the centre basin in Tyler County, near the existing VOBM#4 well.>>> Cheatham spoke in the recently published annual report of the tremendous potential in Tyler County. It is illustrated dramatically if you go back in time to talk about the Tyler central basin and the possible resource there, with this extract from “Pantheon – What You Need to Know’ from September 9, 2016. – ‘Cheatham suggests a little simple mathematics here. The new well will step out about four to five miles from the first Tyler County well, which is 4.5 to five miles from LP2, a highly successful well which has generated over $30m revenue and was drilled near the edge of the basin in 2004 prior to Pantheon's involvement. (see a Pantheon presentation at hXXp://www.pantheonresources.com/index.php/investors/presentations/505-agm-presentation-2015-1/file).>>> ‘So from LP2 to the proposed centre basin test well is about ten miles. If the new well is to be somewhere near the centre, that suggests the basin could be about twenty miles long. The width varies, but it could be two miles or more, so we appear to have a potential reservoir which covers about fifty square miles.>>> ‘No wonder Cheatham says the potential reservoir is 'enormous', and that positive results will be 'extremely important' for Pantheon. Be careful. This is unknown territory. Well, it might be unknown to most of us, but the boys who understand these things think they have indications enough to encourage them to be positive. But even they cannot be sure. The drill bit determines it.‘ (Quotation ends)>>> It did not work out first time around. This time? We shall see. The Pantheon boys are being more cagey now, but there is no reason to doubt their earlier assessment of what might be. And fifty square miles for the reservoir?>>> Cheatham has said he will discuss at the annual meeting on December 15 how he sees the plan for new wells unfolding in the New Year.>>> The 2017 annual report says ‘In October 2014 it was estimated that Pantheon's acreage (on a gross basis) had the potential to contain a P50 Prospective Resource of 301mmboe (50% Pantheon = 150.5 mmboe) from the Eagle Ford sandstone and Austin Chalk formations. Including the additional 8% working interest acquired in Polk County, but, for conservatism, excluding any additional interest in Tyler County (on the basis that we have not yet exercised the option to move to 75% on anything other than the individual VOBM#4 well and that it is too early to determine the possible commerciality of the

Southmead 07 Dec 2017

Michael Walters.com Article 1 Just read this off another site: Those of you that do not subscribe to MichaelWalters.com I would encourage you to do so. Not only is his assessment of PANR spot on the money (see below), but he is more generally a respected analyst / financial broadcaster. Use this link to subscribe: hXXp://www.michaelwalters.com/subscribe.phtml "6/12/2017 Deja Vu Santa Jay>>> Oh dear. Have we been running on the spot at Pantheon Resources (PANR) for twelve long months? It seems so. Exactly a year ago we were talking about the potential goodies to come and looking forward to chief executive Jay Cheatham sleighing in to London to spread Christmas cheer at the annual meeting, and usher in a year when Pantheon would be on the bounce.>>> Alas, it never quite worked out that way. But this year… oh this year, folks, it could be glad tidings of great joy and all that stuff. Buy Pantheon at 52p (51.25p to 52.25p at the close), and rejoice. If the drill bit bites, we are on the way to happier times in 2018. Best, though, if you fancy a gamble in Pantheon to buy pretty promptly.>>>; Santa Cheatham will be in town next week, touring the institutions with a road show bringing them up to speed on Pantheon. He arrives just before the annual meeting, and there cannot in theory be anything new to say. But it is safe to assume that, reinforced by a series of encouraging updates, he will have a bullish message to give, scattering goodies simply by bringing established opportunities more sharply into focus.>>> There is ample room for it because the basics at Pantheon have rather been pushed aside by a series of operational setbacks, whether it be as the result of less than brilliant management or a consequence of errors by the various contractors who appear to have lost focus as the oil boom turned sour. Since Pantheon is an oil and gas exploration play at this stage it is always possible, of course, that fates might intervene and the logging and analysis of the sidetrack drilled at VOBM#4 in Tyler County could disappoint and spoil the plot.>>> The mood, though, seems happy. We could see news next week that the logging, which establishes the state of the soil and rock as the drill passes through it, poses no new problems. Then contractor Schlumberger will be busy on the analysis which establishes whether they go on to a fully fledged well. That ought to be done in time for Christmas, and there are high hopes that it will proceed to a proper well in the Wilcox formation.>>> Results>>> That would confirm a substantial bonus. Wilcox was never originally meant to be for Pantheon. The company was not shooting for a resource in the Wilcox or the Navarro formations. But the Wilcox has been prolific in adjoining areas, and could just be very big news for Pantheon. In the annual report, Cheatham spoke of ‘potentially large Wilcox accumulation and additional potential from the Navarro formation’.

Southmead 06 Dec 2017

Re: VOBM4 Schlumberger Core Analysis This mornings RNS regarding Schlumberger is good news for the Core Analysis. Having prestigious industry professionals like Schlumberger involved in Pantheon is a step forward for us and I welcome the move. I should imagine though that the core analysis won't be ready for some days yet though.

Southmead 05 Dec 2017

VOBM4 Drill Logs Analysis of well logs for the initial drilling of VOBM4, back in June and July this year concluded that hydrocarbons were encountered during drilling. It will be no surprise therefore that the new drill logs also show hydrocarbons.The sidetrack will confirm that the Wicox is productive on our acreage. That is the big win with this drill and I am hoping that the current drill logs confirm the Wilcox hydrocarbons.If we can follow up with a successful Flow Test the results will be very valuable to PANR and will send the SP into orbit IMHO.

Southmead 05 Dec 2017

VOBM4 Core Analysis Soon Results will be announced soon and I am hoping later this week.Remember the potential of the VOBM#4 well remains excellent. When VOBM4 was drilled they encountered 2 new potentially productive zones: (1) Wilcox and (2) Navarro. Logs and gas production while drilling indicated that it could be an upper tier Wilcox producer.I am expecting good results and the SP will rocket.What amazes me is that this share is not being bought in anticipation. With the results so close, it must be a really bullish position.

Emerald Carrots 04 Dec 2017

Re: Bought some. Seem to tick all the Moving North nicely.All IMHO.

Emerald Carrots 01 Dec 2017

Bought some. Seem to tick all the boxes. Yesterdays update was very good. Well traded share. Chart looks promising, on way back to 60p plus?? All looks very good indeed frankly.All IMHO.

boredofblogs 23 Nov 2017

Re: Strange! Couple of little comments about #4 in the last rns possibly suggest it’s going better than planned ... two new “horizons” ... and looking at production infrastructure in Tyler county? gla

boredofblogs 17 Nov 2017

Re: Strange! The rns was actually very good in the fact that #1, 2 &3 are all connected .. but I think that full production flow rates won’t be known for a few weeks kinda put a dampener on the celebrations. Still holding as I think the transition to a producer with an income (however modest) will lead to bigger things .. that and #4 of course

nigella2 15 Nov 2017

Strange! After this mornings great news and revenue to follow before Christmas, I can’t quite believe that the SP has not risen significantly. This share is well under-valued at 0.61p. Hopefully the MM’s will realise and start to buy in and move the share price up where it should be , in the ££££.I welcome any feedback?

nigella2 13 Nov 2017

Re: SP will rise on this RNS Not much of a sell now at 60p eh!

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