UK 11:31 Wednesday, 7 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Pantheon Resources (PANR) shares have plunged from 140p to just 90p since my pal the bear raider Evil Knievil bought 400,000 of them a couple of months ago - win some, lose some old boy! This is a mug punter fave but if I were a shareholder the question I would be asking is just how much cash is left in the kitty and when is the placing?
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Comments
Jason
A couple of months ago sp was where it is now so Evil probably won’t be crying into his beer. If he had held them longer he’ll be counting his coin like Scrooge… I was lucky enough to ride gain from mid 40s to 90p but cashed in my chips before it spiked to £150-£1.60 (darn it!). Have had niggling doubts how far/how fast it had risen so avoided since as it seemed over hyped. I learned my lesson not cashing in at the full height of the mega-GKP spike and have adopted a ‘bank profits’ mantra ever since which has proven a far better strategy.
Poohbear
I don’t know where we you get your $30 p/b breakeven but company says capex and opex costs are <$5 p/b combined
Tom Winnifrith
Pooh
From something called an RNS, you should try reading them .they are kind of useful
T
Steve Sutton
The AGM statement RNS read……….
‘Not only have we achieved success with both of these wells in this year’s drilling programme, but we have also located what potentially – and remarkably – could be some of the lowest cost oil and gas reserves open to non-State-owned companies anywhere in the world, with per well capex and opex estimated to be below $5/boe’
In this case your good chum EK is totally right in his assumptions. The value is in the discovery. The end game will be the sale of the project to a major. The stock is rather illiquid, to short it at current levels is highly dangerous in my view.
My understanding is that these wells, even at the current oil price, have a very quick pay back period. Pantheon have stated via certain media interviews and in historic presentations that they could seek bank finance if required.
The current ‘opportunity’ for shorts is based purely on the mud blockage on the VOS No1 well. Confidence is high that this will be resolved, historically this has been the case with nearby well blockages.
Short if you want too but the longs are not for turning!