Thread by @Scot126126

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Some direct quotes from Canaccord (C) and WH Ireland (WHI) in response to Pantheon Resources' RNS dated 8/12/22.
- Canaccord (C): "We see these results as validations of both Pantheon's internal assessments of the very large scale of the oil-in-place...1/

...resources and the potential well productivity. The reservoir models will significantly aid development
planning, and they are likely to form key elements of any future farm-out discussions."
- C: "We maintain our Speculative Buy rating and NPV10-risked...2/
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...target price of 300p and we see the Schlumberger report as an important step in the derisking process."
- C: "Pantheon's internal estimates - not significantly different Resources: Pantheon had estimated 23 bnbbls oil-in-place across the four reservoirs. 3/
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Though not exactly the same as Schlumberger's lease-based determination, the comparison is broadly reasonable. The main difference is at Theta West, where Schlumberger is constrained by the 3D seismic data footprint and assume more conservative lease boundaries...4/
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...and reservoir properties."
- C: "In our view, the overall assessment by Schlumberger is more meaningful than the trimming of
oil-in-place estimates."
- C: "The potential for a very large-scale development remains, and the substantial in-place resource now has...5/
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...industry validation. The next important step is the Alkaid #2 well test result."
- WHI: "Pantheon Resources published the results of a static and dynamic reservoir modelling report undertaken by Schlumberger, one of the most rigorous and well known oil services..6/
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...companies globally. The company stated the report represents the first phase of Schlumberger’s analysis and that the report and associated model represent the most comprehensive model completed on evaluating the discovered oil resource and the productive potential...7/
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...of the company's assets."
- WHI: "The company indicated that the Alkaid#2 well is now in the early stages of clean-up production with encouraging initial results."
- WHI: "We believe the report from perhaps the world’s most sophisticated and recognised...8/
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...oil service company is an unambiguous validation of the potential of the company’s core assets."
- WHI: "Our first thoughts are that i) the report will favour a farmout and ii) it validates the work of eSeis and Baker Hughes AHS – and of course the work...9/
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...undertaken by the team at Pantheon. It effectively corroborates the remarks of Baker Hughes that the company’s resource potential is “world class”."
- WHI: "The report, we anticipate, will be well received by the market. We retain our positive appreciation of...10/
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...the potential of the company’s assets."
Or you could listen to the wise counsel of shorters such as John "There is no oil" Hempton? Or Josh Young whose price paid per acre thesis values Prudhoe Bay at $6.04m?! /end
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