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[madd_rip] 10/2/2022 15:06

You really should add IMO to all of your posts. Better to under promise and over deliver, is that not a better system for the BOD?
Not in your jaded life it seems. You even refute experts with decades of EXPERIENCE (which as a self proclaimed academic you have none of)

[nav1000] 10/2/2022 14:53

michaelsadvfn

alot of money is waiting on the sidelines, if there is large oil column as predicted then its party time.

They have to make sure.

[michaelsadvfn] 10/2/2022 14:52

ngms27 10 Feb '22 - 14:28 - 22436 of 22437 0 2 0

Sure I agree 11% is low and will likely be nearer 20%

...or even 40%+ as with other operators.
Best leave this type of discussion to the experts on site.

[ngms27] 10/2/2022 14:51

The reason I answered is because it's a statement of fact. Most (if not all) of the existing North Slope reservoirs will have greater recovery factors as they do have better reservoir properties.

[madd_rip] 10/2/2022 14:47

So why initially reply with a more negative comment? It must be in your nature to constantly deride.

[rabito79] 10/2/2022 14:33

Cool 4Billion it is then.

[ngms27] 10/2/2022 14:28

Sure I agree 11% is low and will likely be nearer 20%

[probabilityofsuccess] 10/2/2022 14:27

Hey johnswan - what’s your view on his comments?

[rabito79] 10/2/2022 14:25

I think only basing it on primary recovery for some of the reservoirs is also a contributing factor is it not ngms?

[johnswan193] 10/2/2022 14:21

Hey Scot, have you reached out to Josh Young yet to address his comments?

[ngms27] 10/2/2022 14:12

Bobbiedazzler, that's because PANR have low permeability reservoirs than most on the slope.

[chris0805] 10/2/2022 14:11

So you do not trust this BB sirmark?:-))GLAC

[probabilityofsuccess] 10/2/2022 13:32

In BoD we trust

[sirmark] 10/2/2022 13:21

HD for clarification it's the BOD I trust... :) (honestly I am yet to find a better BOD)

[bobbiedazzler] 10/2/2022 13:20

You don't substantiate your point. The BOD remarks seem to me to be consistent with the facts. Evidence is that they are very conservative since Texas: look at estimated recovery rates compared with rest of the slope

[officerdigby] 10/2/2022 13:08

Sorry Petajen,
You (rather the original poster) mentioned WINX and the old oil shows RNS's.

They were not the same as 16th Feb Talitha update. Post logging etc.

Winx was during drilling we saw sommat type RNSs.

Sorry merely mention of WINX makes me nauseous!

[probabilityofsuccess] 10/2/2022 12:51

Understood hiddendepths - now that’s a whole different Wow! Cheers for clarifying.

[johnswan193] 10/2/2022 12:41

Pejaten, the 15-Feb-21 RNS announced TD reached and also provided preliminary analysis of the logging results, but it doesn't state when the TD was reached, so we don't know how long it took between TD and completing the log analysis. Pro suggested up to a week, maybe he's right. Scot has suggested if logs were not as expected we would have known by now as this would be material information. A counter argument to that may be that if logs were as expected then that would also be material information. My expectation has been that regardless or good or bad we would not receive anything until TD is reached and the full logs have been analysed.

[tmmalik] 10/2/2022 12:38

Monday I guess

[seejayem] 10/2/2022 12:36

It was a whole month between spud and Talitha update back in Jan/Feb 2021. Tomorrow marks 3 weeks from spud of Theta West.

[hiddendepths] 10/2/2022 12:32

Pow - the wow was because I read sirmark's comment as trusting this board on which we write rather than the BoD!

[pejaten] 10/2/2022 12:28

If you look at feb 15 2021 RNS Pantheon announced target depth reached and oils shows seen and being sent away for testing.I think the question as to why no RNS this time after target depth reached. My own thinking either it is too sensitive now because of the major impact it would have on price, or they are hesitant because results not as good as promised. I hope the first scenario and fear the second

[johnswan193] 10/2/2022 12:26

Can never have blind faith in a BoD.

How many times have we seen bullish comments (e.g. testing, farm-out discussions) result in failure, or unsatisfactory outcomes? Unlucky, or overly optimistic?

Changing of goalposts or inconsistent statements without complete explanation.

First told Talitha was not an exploration well, but appraisal. A year later we were told it was an exploration well. This has already been discussed on here and I could accept the primary SMD target being appraisal and the secondary targets all being exploration.

More recently - we're told by both Jay and Bob that the testing of the BFF at Talitha was never about flow rates and always about proving moveable oil at this location. Yet a year ago after drilling Talitha we were told the aim of testing was to prove producible oil for the BFF at this distal location.

I'm not suggesting the Talitha BFF outcome was a failure or that the subsequent setting of lower expectations wasn't a smart (to protect the SP), or even more realistic move , but IMO it goes to show management (and not just this management) should never be taken at their word.

[hondacbf] 10/2/2022 12:22

Excellent post Soggy.

[michaelsadvfn] 10/2/2022 12:17

nav1000 10 Feb '22 - 11:55 - 22416 of 22417 0 0 0

what i dont understand is that they would have seen "oil shows", why havent they mentioned these as they were happy to back in the days when WINX was being drilled.

THEY being 88E. We aren’t 88E.