Pantheon Resources Share Discussion Threads

[sirmark] 17/1/2022 09:43

Everything on track, and ready to test the most impactful well of 2022!

[the count of monte_cristo] 17/1/2022 09:31

Unnecessary and distracting music.

[madd_rip] 17/1/2022 09:22

And the somewhat summery style music lol. So we should have a regular supply of RNS's in the coming weeks/months.

[dhb368] 17/1/2022 09:14

So the rig is now on its way to Theta West.
I am expecting coil tubing unit to be onsite at Talitha A today.

A small chance of an RNS before the shareholders presentation next Monday?

[brian boru] 17/1/2022 09:09

Seems like all going to plan- amazed at how laid back Mike appeared to be out on the tundra at -31F

[dhb368] 17/1/2022 09:03

'Operations Update' on YouTube. https://youtu.be/FtcuTMZRTx0

[brian boru] 17/1/2022 07:31

Only one week till potentially life changing news for panr shareholders- just read the 88e RNS and wish them luck with their upcoming drill, but am glad that my shares are in pantheon!!

[references] 16/1/2022 14:14

Agreed, and why I am an excited shareholder. Will be a fascinating next few months.

[sirmark] 16/1/2022 14:10

Abs with production possible from July, not a bad insurance to the shareprice

[sirmark] 16/1/2022 14:09

I think it's very fair to say that even $2 would would represent a £2.80 share price so even a small amount of success will see this fly !

[references] 16/1/2022 13:56

Sorry, re-reading this, please substitute “OIP” with “oil recoverable”. As we know, sadly a big difference. Still, as Jay has reminded us many times, Purdhoe Bay has been the oil reserve that has kept giving, way beyond what was originally estimated as recoverable.

[references] 16/1/2022 13:05

You will recall the oil price being sub $10 almost 2 years ago, and the spot price was actually negative. Given that oil has always been, and will always be, volatile, anyone laying out mega bucks upfront to buy the assets (OIP) and also fund the capex needed to get the oil to market, will not estimate cash flow over the next 20+ years by looking at the current high oil price any more than they will be looking at the very low oil price of 18 months ago. There is also the backdrop of global decarbonisation, plus the unpredictable whims of Saudi. However there are the pros of Pantheon’s assets giving the US domestic oil security, and Alaska offering cheap extraction relative to most other options (shale, offshore). We all know that there will still be demand for oil for decades to come, even if overall demand decreases, and oil prices may well stay relatively elevated given that big oil is putting less effort into exploration. So Pantheon may well be in a sweet spot, perhaps unique outside of OPEC+. If PAN’s drilling campaigns can give confidence of multi billion barrels then a buyout at $3 - $5 a barrel for OIP will be a ten plus bagger from here. But the dynamics of current high prices (or low prices) are not going to have as much bearing on the price paid for OIP now as much as you might like to think IMHO. If someone is prepared to pay $10 a barrel then great, but I honestly think that is fantasy.

[fordtin] 16/1/2022 12:07

Antique7879 - re " 7 - 10 days prep time to test a zone (Slide 7 - April 2021 company presentation)."

I think that estimate of prep time included sealing off the uncased Kuparuk.
I'm not convinced the same time scale would apply to the rest of the zones as they are behind casing.

[antique7879] 16/1/2022 11:58

Fact - Projected 7 - 10 days prep time to test a zone (Slide 7 - April 2021 company presentation).
Opinion - Results, if released for every sequential zone tested, could start dropping by the end of the month and every 7-10 days thereafter.

[ottoman1453] 16/1/2022 10:35

Precisely! references post (21101) makes absolutely no sense for that reason.Indeed, projections as to the potential value of the unfolding expanse of Pantheon acreage has been calculated not at $50 or even the current $70_75 price of oil, but on far, far lower conservative parameters, as frequently and most helpfully extrapolated for us by Rabito!

[bobbiedazzler] 16/1/2022 10:23

Yes but how do they make an estimate for the next 10 years! They start from the current oil price.

[chris0805] 16/1/2022 09:28

Interesting link from a post by Flight, on the Discord server. An industry overview of well testing operations & what information might be gleaned from the test operations carried out.Well worth a read ;-)hTTps://www.slb.com/resource-library/oilfield-review/defining-series/defining-well-testingGLAC

[sirmark] 15/1/2022 22:52

Of course but many saying we're are starting the super cycle for oil and some predicting 200 dollar oil. So yes oil price is relevant, although I do also agree with your comment but the oil price backdrop looks extremely favourable for the next 10/15

[references] 15/1/2022 21:47

Sorry to say this, but the current oil price has little to do with the value of Pantheon. Any buyer/investor will make an assessment of the company’s value based on an estimate of an average oil price over the next 10 to 20 years.