Pantheon Resources Share Discussion Threads

[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.

[antique7879] 15/1/2022 15:28

There are a number of well intervention operations that can be achieved via coiled tubing. These include cleanout and perforating the wellbore, as well as retrieving and replacing damaged equipment.
Additionally, advances in coiled tubing allow for real-time downhole measurements that can be used in logging operations and wellbore treatments. Enhanced Oil Recovery (EOR) processes, such as hydraulic and acid fracturing, can also be performed using coiled tubing. Furthermore, sand control and cementing operations can be performed via coiled tubing.

[inteligentia8] 15/1/2022 12:55

And what if ....hxxps://oilprice.com/Energy/Oil-Prices/Could-Oil-Really-Reach-200.html

[brian boru] 15/1/2022 11:02

Morning all panthers, hopefully things are moving along as planned with the Big Rig now on the slow journey to TW, drilling to start in the next few days

The coiled tubing unit should by now be attached at Talitha with testing operations about to commence!!

Remember the comment from Roger Young referring to the discovery and seismic results at Talitha - "its awesome, I've never seen anything like it - there's 1/2 a mile of oil, that's ridiculous but its true"


ps has anybody heard from Marmaris recently - I hope he's still holding after all the years waiting for a gigantic drill operation like we are now witnessing - it will likely be life changing for many of us.

[sirmark] 15/1/2022 10:19

1.1 mln was traded on the lse and moved over to the otcWould be interesting if this was our pottential farmin taking a stake in our assets via holding stock instead after the deal was not agreedIt's now 11.5 mln shares that have been traded this was since it started on the 4th

[total return] 14/1/2022 21:24

Yes a $1.05 close equates to c.76.76p price on LSE. Average OTC volume is 572,00; today's volume has been 2.4 million. A good sign.

[probabilityofsuccess] 14/1/2022 20:01

……..and it seems to me that the price on the otc has somewhat decoupled from what happens over here recently. Anyone else spotted that trend? Or am I imagining it?

[sirmark] 14/1/2022 18:43

$86 oil now Not long till $100+ our asset valuation if we're Remotely successful is going to be many magnitudes of our current mcap Good weekend all news news week imo