Pantheon Resources Share Discussion Threads

[tmmalik] 24/3/2022 07:34

Keeping in view they only tested 40 percent (30 feets ) with 3 intervals and avg rate of 59 So by applying basic maths ,it's exceeding 100bopd if they be able to complete another 2 intervals .I believe model is proven now ,project is highly de- risked and next big testing this summer and above company doesn't need to raise more money . I am not selling single share .Dyor

[highly geared] 24/3/2022 07:33

People need to carefully read the entire RNS ! This is the key paragraph:

Theta West #1 encountered 950 feet ("ft") of oil in the LBFF of which only three small sections of this large zone were tested. The three, 10 ft perforations were conducted at the following depths: 8,065 - 8,075ft, 7,745 - 7,755 ft and 7,595 -7,605 ft, which were all successfully stimulated and comingled into one test across these zones. Approximately 40% of the testing fluid was recovered before testing was suspended. The ultimate flow potential is better assessed after recovery of a greater portion of the testing fluid, which was not possible in this case due to bad weather halting operations in the area. Importantly, the results confirm the extension of the oil accumulation over a 10.5 mile distance from Talitha #A to Theta West.

It will flow at better rates than achieved . The critical point is , IT WILL FLOW AND IS THEREFORE A HUGE CONFIRMED DISCOVERY.

[ngms27] 24/3/2022 07:30

TimbeeeeeeeerLol.

[sirmark] 24/3/2022 07:30

He's refering to pro's comment not referencing the RNS

[metalbee] 24/3/2022 07:30

Loving the scumbags trying to talk this down, in hope of getting in cheap on this fantastic news.

[k1ngkonggb] 24/3/2022 07:28

They have a flow rate from 30ft out of 900ft....can you imagine when they can perforate all of it....

It just gets better!!!

[jungmana] 24/3/2022 07:25

He is already out .

[k1ngkonggb] 24/3/2022 07:25

Intelligent comment from tiz....jeez!!!

[molatovkid] 24/3/2022 07:25

Typical...lots of oil, comes out in drips. Hopefully that will improve.

[bigwavedave] 24/3/2022 07:24

Great news and a big relief. I'm delighted. Congratulations to the team at Pantheon. Excellent result despite the extreme weather.

[madd_rip] 24/3/2022 07:23

He was called out on Twitter by Geodrock for misinformation yesterday as well. At least he's consistent

[tizo100] 24/3/2022 07:21

absolutely rubbish

[jontyfromsa] 24/3/2022 07:17

What a magnificent RNS and relief. Massive congratulations and thanks to the whole pantheon team and the contractors working on this project.
Congratulations to all long term hinders. Fortune favours the brave

[bought in] 24/3/2022 07:14

Great Bear / Pantheon have just confirmed the largest, sweetest oil find on main land US for a very long time. It is truly massive

The models are validated and the oil and permeability better than anticipated

Congratulations to all the team

[sirmark] 24/3/2022 07:13

Company has just PROVED that theta west extends 10miles as modelled, this is huge news and was hoped but now is confirmed !!We'll done the BOD can't wait for this webinar, and just months away from actual production.

[pro_s2009] 24/3/2022 07:13

Think I timed my plan for today to bail out quite well, will not be a reduction now but will liquidiate the whole remaining holding this morning and take the profits and run.

Ongoing war, sell in May around the corner and thing happening until Alkaid late summer its time to move on.

Good it flows thats the saving grace.....but very much below the experts 100 to 150 bopd estimates with stable rate at 59bopd. Given the reservoir was supposed to be "far better" than at Talitha, its not delivered far better flows.

SMD testing appears gone now.
UBFF at Theta West appears gone now.

Good on the outside and the share price will rise, but a mixed bag imo.

Anyway, being honest, I will be selling the remainder into todays rise. Good luck all.

[pannikin] 24/3/2022 07:11

You are a hard man to please johnswan, They tested 30 out of 1000 feet and are still recovering drilling fluid.

Let’s perhaps leave it to the exploration experts to analyse.

They expect to be able to upgrade the 1.2billion barrels recoverable estimate?

[tmmalik] 24/3/2022 07:10

Excellent update 180p coming today Dyor

[elhank] 24/3/2022 07:10

Another fantastic result. Well done PANR.