Based on the success of the Talitha #A well result, we are upgrading our fair value estimate for Pantheon Resources to 172p (from under review; and from a pre-drill fair value estimate of 89p). We believe that the Talitha #A result confirmed the presence of multiple oil-bearing conventional oil reservoirs that have success-case potentials of elephantine scale. Our valuation reflects only the potential of Pantheon Resources' prime assets for which resource estimates have been provided; namely, Th ....
12 Oct 2021
Pantheon Resources (PANR) - Elephants in close quarters
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Pantheon Resources (PANR) - Elephants in close quarters
Pantheon Resources plc (PANR:LON) | 26.4 -0.1 (-0.8%) | Mkt Cap: 249.6m
- Published:
12 Oct 2021 -
Author:
Brendan Long -
Pages:
24
Based on the success of the Talitha #A well result, we are upgrading our fair value estimate for Pantheon Resources to 172p (from under review; and from a pre-drill fair value estimate of 89p). We believe that the Talitha #A result confirmed the presence of multiple oil-bearing conventional oil reservoirs that have success-case potentials of elephantine scale. Our valuation reflects only the potential of Pantheon Resources' prime assets for which resource estimates have been provided; namely, Th ....