Pantheon Resources Share Discussion Threads

[rhinodave] 24/1/2022 09:17

Yeah, thanks for that ITTW, nice to see you've woken up positive today!

[scot126] 24/1/2022 08:17

Dear All - please see below the 'first reaction' piece from WH Ireland, dated 24/1/22.


Pantheon Resources (PANR) – Corporate – Spudding of Theta West #1 and Operations Update

Market Cap £527.7m Share Price 75.9p
 

Pantheon Resources announced that it has commenced drilling the Theta West #1 well, which has now drilled to a depth of 1,874 feet – target depth is circa 9,200 feet. The well is targeting i) the Upper Basin Floor Fan and ii) the Lower Basin floor fan, both of which are referred to as Theta West. Theta West has a combined best estimate success-case recoverable resource of 1.4 billion barrels of oil. 

The company also announced that testing operations at the Talitha #A well have begun. Testing will start in the Lower Basin Floor Fan before moving upwards. The next step in the operations will be to frack the Lower Basin Floor Fan after which a coiled tubing unit will undertake flow testing. 

The company has also reminded interested parties that it will be hosting an investor webinar this evening at 5pm GMT. Registration details are below. 


 

WHI View:
 
This is clearly a very exciting period for Pantheon Resources as the company’s drilling and testing programme stands to unlock the latent value of a considerable resource base – as a reminder, the all in combined recoverable resource base under a success-case scenario being tested in 2022 would amount to circa 2.2 billion barrels of recoverable oil according to the company. We intend to provide a market update after the investor presentation to be held tonight. 

We believe the macro backdrop for commodity prices remains highly supportive of the Pantheon Resources investment thesis. We anticipate that today’s update will be well received by the market and that the company’s share price will remain on a positive trajectory.

 

[scot126] 24/1/2022 08:14

Dear All - please see below the 'first reaction' piece from Canaccord, dated 24/1/22.

Pantheon Resources | Spud Theta West well, and start of Talitha #A testing procedures

PANR- AIM 74p | Speculative Buy | Target Price: 220p


Theta West #1: Well spudded 21 January. Currently at 1,900 feet depth. Tot of target formation, the Basin Floor Fan, is c.7,600 feet depth, and c.1,300 feet estimated thickness. Plan is to drill now to the expected
total depth of 9,200 feet, ahead of planned testing operations.

Talitha #A: Fracking unit and flow testing equipment are now on location. Once the fracking has been completed a coiled tubing unit will mobilise to carry out the testing.

No surprises. All on schedule.

[btgman] 24/1/2022 08:01

Well done to all at Pantheon fantastic start to the winter season for all the newbies out there please try and digest this "The top of the formation is estimated at a depth of about 7,600 feet ("ft") with an estimated 1,300 ft reservoir thickness."

Yes truly incredible 1300 ft thick reservoir

Please watch this also 5pm this evening UK time

hxxps://www.bigmarker.com/share-talk/Pantheon-Resources-Shareholder-presentation-and-Q-A-January-2022

AIMHO
GLA
BTG

[scot126] 24/1/2022 07:32

Gentlemen (and ladies), start your engines!

Also, what progress the Nordic-Calista crew has already made at Theta West over the weekend!!! Wow!

To all those so minded and technically capable: please don't be shy in disseminating this news on social media that PANR has spudded a well targeting 1.4bbo. Tag in #OOTT and $EEENF. No need to be modest or self-effacing about the news IMHO, plus notification of the webinar of course.

For a wee tiddler on AIM to get this far and still own 100% of the asset is something of which shareholders can be rightly proud. Plus, if you can't beat 'em, join 'em! GLA

[chris0805] 24/1/2022 07:19

Happy days :-)May I take this opportunity to send many thanks to the BoD & all contractors operating on our behalf, for getting us to this point so smoothly & safely. Wish all persons working on our behalf the very best fortune over the coming (6-9?) months on our 4 (four;-) ) well campaign.GLAC

[winner66] 24/1/2022 07:12

All without delay , activity has begun , Theta West drill , testing Theta A. What a combination. Good luck to all in what is the single biggest price point change in the companies history

[phsarkandalpp] 24/1/2022 07:04

U-Know-Who's IMHO has materialised (only six minutes later than predicted): an RNS announcing the spudding of Theta West.

[nan16] 24/1/2022 07:03

hxxps://polaris.brighterir.com/public/pantheon_resources/news/rns/story/w3kmmzr

[sirmark] 23/1/2022 17:55

The last video was up the next day IIRC, for anyone wanting to record it and repost I think that when someone last uploaded it on YouTube it was taken down so to save a mark on your account it might be worth waiting the 24 hours ( just advice)Can't wait for the webinar to learn about what the expectations for each zone are to be classed as successful (don't forget this is not the optimal location for all zones)Gl all

[mike290] 23/1/2022 15:29

Hi Kilg...,

In answer to your question, here are extracts from my recent post on Stocktwits.com

Don't forget to register ...... to watch (hxxps://www.bigmarker.com/share-talk/Pantheon-Resources-Shareholder-presentation-and-Q-A-January-2022) the next Pantheon Webinar at 5pm (London time) next Monday 24th January.

If you want to record the webinar (advisable because of the detailed information and Qs & As that it is expected to contain) , you can download "OBS Studio" (from OBS Studio's website) free.

I would suggest practice in trying to record any youtube video beforehand though.
Practice makes perfect ;-)

Regards, Mike

[kilgallp] 23/1/2022 15:18

I'm sure it's been posted, but can someone remind me where I'll find the webinar tomorrow?
TIA

[rideacockhorse] 23/1/2022 11:30

Nearly 500 people registered to watch tomorrow's webinar. That's a lot of interest being shown from around the world.

[antique7879] 23/1/2022 10:18

I note that over 300 people are currently employed by Pantheon to carry out it’s winter drilling/testing programme at Theta W and Talitha.
I’m sure I’m not alone in extending my appreciation and thanks for all their hard work in sub-zero weather (current PB temp -21C), which has ensured that there were no delays in the scheduled work programme till date.

And as we all patiently await news of the Theta W spud and Talitha well test from North Alaska, I wish them all a safe and successful work schedule for the rest of the season.

[doublestexan] 22/1/2022 22:01

Review
The Saudi Arabian price war that lasted for several years caused Oil companies to slow down on drilling during that time. The years of low prices caused some bankruptcies especially in the Permian basin shale drillers.
It is one of the principal causes of the price increases because reserves are low.These price increases have been forecast by
Goldman Sachs, Bank of America and many others. As most of us know the Pantheon / Great Bear success in the north slope of Alaska Is important not only because of the billions of barrels in a success case to contribute to world oil production but the cost per barrel to produce can be very low allowing the company to still make a profit if oil prices go lower sometime in the future.
Drilling on pads near the Dalton road
Could allow for year round drilling for the company, another plus.
Finally , the company is taking special care to use “green” or low carbon footprints in drilling and producing the oil. Special care has been taken by the company in respecting Alaska and the land leased to them.
The August 26th 2021 webinar now on YouTube , was the most comprehensive
Coverage of a well by the company, outside consultants and service companies all well established , that I have seen.
I could not think of a thing one could do to get more information about the results. Now with the flow tests and drilling starting right away, in my opinion,
The flow tests and drilling should mirror the results
of the information gathered through the experts efforts. I was happy for Pantheon/ Great Bear to see that they were able to raise more than was requested. I believe it has a lot to do with trust and experience and ability and integrity!
Good luck to all and especially the long termers.

[rideacockhorse] 22/1/2022 19:45

SPUD U LIKE!