The Lemon Fool

Web site : http://www.pantheonresources.com/

Pantheon Resources is an independent oil and gas exploration and production company incorporated in the UK with a portfolio of high impact projects onshore USA, in both East Texas and the Alaskan North Slope (‘ANS’) with a combined P50 Technically Recoverable Resource estimated to exceed 1.2 billion barrels of oil equivalent. In January 2020 received an Independent Experts Report on 100% owned Greater Alkaid, defining a Contingent Recoverable Resource of 76.5 million barrels of oil with an estimated NPV10 of US$595 million

Latest Webinar Video presentation : HTTPS://m.youtube.com/watch?v=5fFfNbtB8_k

January 2020 Presentation : http://www.pantheonresources.com/investors/presentations/645-investor-presentation-january-2020/file


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Dataroom (Physical and Virtual) is open and discussions ongoing. We now enter the exciting phase when news could drop at anytime.



The last comment from Malcy was April 2020 :


https://www.malcysblog.com/2020/04/oil- ... -pantheon/

Pantheon Resources

Following the unsuccessful well reported by 88E and Premier Oil earlier this week, and to be fair some voluble feedback from Pantheon shareholders, I thought it would be good to fix a meeting with PANR to see what the position currently is. I did meet with top management when the shares were suspended awaiting an experts report and yesterday I wanted to check that I was up to speed with events.

Pantheon, through last year’s merger with Great Bear Petroleum has a high impact project on the Alaskan North Slope where it controls 200,000 acres to the south of the historic and huge Prudhoe Bay and Kuparuk fields and with the TAPS pipeline system nearby and the Dalton highway on its land has excellent infrastructure.

Following the successful Alkaid well last year the company commissioned an independent experts report which gave the company 76.5 million barrels of contingent resources with an overall P50 of 1.2bn barrels of oil equivalent. Clearly all these numbers are huge and whilst they make Pantheon potentially massive it is clearly a requirement to find a partner, indeed they are keen for it to be the ‘right’ partner who has to be prepared to commit a substantial amount of capital.

Having said that, finding the right farm-inee will not be easy although ironically, speaking to the company yesterday the conventional ANS has greater appeal than the shale already shutting-in. One of the reasons for proving how hard it is to find a partner is more to do with the virus and that the data room is a physical one, albeit in Houston making it hard to visit just now.

Pantheon clearly has an absolute monster of a potential project, it has high quality directors, shareholders and first rate advisors, indeed a geophysical contractor was so impressed with what they saw they wanted their fee in shares, not possible but a 1% royalty has appeased them. Pantheon are in an amazing postcode and with a partner and when action can begin the value will start to transfer to the shareholders.

It is almost impossible to calculate how much this acreage could be worth to Pantheon, perhaps a 20 bagger, maybe 50 but that can only happen when the partner is found and while this may or may not take potentially a long time management and shareholders remain confident and prepared to wait.


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Good O&G sector news for the region.


https://www.upstreamonline.com/lng/alas ... 2-1-812987

Alaska LNG gets US federal approval despite environmental concerns

Planned $43 billion project gets clearance as developer seeks new sponsor

21 May 2020 15:10 GMT Updated 21 May 2020 16:36 GMT
By Caroline Evans in Houston

US regulators on Thursday approved the planned $43 billion Alaska LNG export project despite concerns the development could have negative impacts on the environment. The approval follows the issuance of............

Poster Darcon over at ADVFN is transcribing the March webcast, and I must admit its very useful to read in as opposed to just listen to it.

I have put the work so far into a PDF and the link is below to download the PDF to read.

https://ufile.io/ey3y64wh

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I have put the work so far into a PDF and the link is below to download the PDF to read.

Thanks Proselenes. I find I really don't have the time to watch webcasts and listen to podcasts.

Slartybartfast

Share options RNS today....exercise price 27p

https://www.investegate.co.uk/pantheon- ... 00061860S/


............... Phillip Gobe , Chairman stated:

"I am pleased to implement our long-awaited staff share option scheme which includes each and every one of our 16 employees and consultants. I am very proud of our team's fantastic achievements over the past 18 months and it was of great importance to me that we established this scheme to allow them to benefit from future success.

"Astute shareholders will note the 27p exercise price is a huge premium to the current share price, meaning that shareholders will enjoy a c.90% share price uplift before these share options have any value to our staff at all. The pricing is a clear motivator for significant future achievement. Additionally, half of the share options will only vest upon the spudding of the next Alaskan well, aligning the interests of all staff with those of shareholders, and providing motivation and urgency to achieve drilling as soon as possible. We believe our acreage has tremendous potential for value creation and our share option scheme allows staff to benefit from this, but crucially, only after shareholders." ...................


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Bit of an update video interview.


https://www.youtube.com/watch?v=5boGFct ... e=youtu.be



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https://www.hartenergy.com/exclusives/a ... eon-188716

Alaskan Exploration: A Partner for Pantheon

Analysis of recently completed geophysical work points to an estimated 1.8 Bbbl of oil in place at Pantheon’s Talitha project on Alaska’s North Slope. But in the midst of an oil price collapse, will anyone join them to dance?

Wed, 07/22/2020 - 04:30 AM

Unlike some oil and gas companies deciding whether to shut in wells as prices remain at historic lows, Pantheon Resources Plc is facing a different task: finding a partner to develop its Alaskan North Slope assets amid a global pandemic.

“It’s a difficult dance,” said Bob Rosenthal, chief technical director for Pantheon.

Travel restrictions have prevent.......................

https://www.petroleumnews.com/pnads/221095617.shtml


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https://www.petroleumnews.com/pnads/932387826.shtml

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A nice update.

Looking forward to more news in a few weeks.

https://www.investegate.co.uk/pantheon- ... 35496467X/

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On the Alaska Dept of Oil & Gas website:

HTTP://dog.dnr.alaska.gov/Document/8958 ... ent_-_2020?

A lot of info in there.

Arden Sep 2020 update note on PANR in the link below, PDF file.

https://ufile.io/jwi0c59q


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Detail of the Talitha Unit application

HTTP://dog.dnr.alaska.gov/Document/9855 ... ion_-_2020?


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The news on Talitha is officially RNS'd today. All is looking good.

https://www.investegate.co.uk/pantheon- ... 00081503Y/

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Arden update on PANR following the Talitha news. PDF file in the link below....

https://ufile.io/5mj22tth

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https://www.petroleumnews.com/pntruncat ... 1936.shtml

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Bit of commentary on Talitha and PANR (Great Bear).

https://www.adn.com/business-economy/en ... rth-slope/

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Excellent update.

https://www.investegate.co.uk/pantheon- ... 00021172A/

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You can download the Arden update on PANR following todays news on the link below (PDF file) :

https://ufile.io/6mbx39f5

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