Pantheon Resources - US Gas Play

Folks lets face it the MM want this stock lower. Its that simple. They may, once again, have a buyer prepared to bid for stock at around £1.10/20p. They will lower the price for that reason alone.

I am sceptical of their continued tactics in this stock. Yes by pushing this lower they will scare out holders, they also know that many are on T10/20's @ £1.70p etc. They are playing a blinder. This will rally, when THEY want it too.

What one has to consider is the longer view, 5 more wells to drill and Wharton.
Will all wells fail?? Success even at shallow level on Padre Island will drive the SP higher from this point. We have 2 more 'biggies' after this one. To date even on worse case GGP have a 50% success rate. One success and we will multibag. Will all 5 remaining wells fail?? It could happen but highly unlikely.

Short term we are back where we started, bloody annoying but thats the case, Plum Deep may or may not be Plum Duff (the market thinks so) but I am not convinced. Both operators play their cards to their chests. I suspect the gas could be deep as my earlier zone research suggests. If you read it carefully it has all the soundings of what they could be looking to find.

For what its worth my holding now is all its all time high, not a gamble in the longer tern IMO.