Pantheon Resources Share Discussion Threads

[mlf51] 21/10/2022 09:32

Amaretto What will it do on a negative test ?Are you serious, got to up your game.

[sandcrab2] 21/10/2022 09:07

Twitter flare
Anyone any thoughts on implications?

[forwood] 21/10/2022 08:52

RTF RNS! There's every indication from wirelogging and cuttings that the reservoir is better than originally expected when there was a successful flow test on a vertical section in 2019, in sub-optimal conditions:

"A six foot interval was perforated and stimulated and the well flowed naturally until 30% of the frac fluid was recovered, when a nitrogen gas lift system was initiated. Light oil (40 degree API) was recovered and c.40% of the frac fluid was returned within the first 14 hours. The well was shut in for 72 hours due to equipment problems and severe weather conditions (stage 3 Blizzard). The well was then turned back on and the oil cut increased steadily to +40%, producing about 80-100BOPD with occasional slugs of oil producing at much higher rate. " (RNS 25/03/2019)

[mynameiskhan] 21/10/2022 08:45

Agreed, but since the reservoir quality was much better at A2. Therefore, probability of positive result is higher

[ringsing1] 21/10/2022 08:42

Negative test on A2 will be disappointing, but there are 5 more golden eggs in the basket !!

Way more upside than downside in my view.

[mynameiskhan] 21/10/2022 08:42

Of course. It will drop

[amaretto1] 21/10/2022 08:36

What will it do on a negative test ?

[mynameiskhan] 21/10/2022 08:30

On positive flow rate results, this will derisk entire play, and it will be proof of concept. Expecting the price will do very well on positive test results, like it did last time with Theta results, from 80p to 140p

[sandcrab2] 21/10/2022 08:26

$20m dollar question
Falloden and Convertibles continuing to sell into strength I note it seems
I worry that they will do the same on flow testing announcement

[amaretto1] 21/10/2022 08:12

Lots of gas .... but is it flowing ? Water cut ???

[sandcrab2] 21/10/2022 08:02

Aha, flares being posted on Twitter

[sandcrab2] 21/10/2022 07:56

Anyone seen any more flares ?