Pantheon Resources Share Discussion Threads

[bulltradept] 31/3/2022 08:29

Not sure what else you were expecting at this stage?

Volume appears quite high at this time of the morning with over a million in the first hour of trading.

Will be watching with interest.

GLA.

[unlikely2] 31/3/2022 08:21

Anyone with the least practical experience of drilling operations and of working in zub zero and storm conditions will appreciate what Pantheon have acheived this winter.
Most importantly they have completed the work without accident or incident.
There will be learning points - as with all operations - and screw-ups we will not wish to see repeated. Normal.

I remain very positive and look forward to the webinar.

[sheikhspeare1] 31/3/2022 08:21

Interesting bit of new info from Note 10 to the accounts, below. I wonder to what extent the narrow liner used to resolve the cement issue may have impacted the flow rates experienced from LBFF at Theta West?A cement stage tool was improperly configured, placing cement inside the casing rather than outside casing as intended. The Company was able to successfully remediate the issue which cost time and money, however the Company does not believe this has compromised the reservoir potential in any way. However, to correct the issue required setting a narrow steel liner within the wellbore which resulted in a compromised wellbore design, with the newly inserted narrow liner forming a junction with the significantly larger diameter existing steel casing within the wellbore which may or may not impact tested flow rates. Given Theta West #1 is a test well and the objective is to plug and abandon it at the end of the season, whilst it may impact tested flow rates it should not impact the Company's ability to confirm the presence and movability of the oil, which are the primary objectives of the testing programme.

[sirmark] 31/3/2022 08:20

Many like myself would have had a feeling that with the next storm coming in, it’s prudent use of company funds to bring an end to the testing knowing we have sufficient data to conclude what we have and also that the extra spend now could be the difference of 1 or 2 wells this summer and I know what I would prefer.

[highly geared] 31/3/2022 08:14

The last pieces of the jigsaw are to confirm oil will flow in the SMD ( Alkaid 2 and Talitha Q1 2023 side track) and deliver a dedicated extended LBFF test at TW2 Q1.

After that, farm out or sell somewhere between £5-8/share , 2023-24.

[probabilityofsuccess] 31/3/2022 08:04

absolute disaster? No
Destroy confidence? Absolutely not!

Way, way, way, too much emotion again.

[scot126] 31/3/2022 08:04

Nonsense FifthElementInvesting. Good to know you simultaneously a) appear to believe PANR management has power over the Arctic weather and b) know so little about E&P such that you are unaware vertical test wells are P&A'd all the time.

Bravo! A world class idiotic post! Kudos to you.

[pro_s2009] 31/3/2022 08:04

Its P&A because, my opinion, the flow rates and thickness of pay zones (shales) is not good enough for a horizontal.

They will have to select a different location for the Theta West #2 well next winter, and should plan to do a mini-horizontal from that to try to prove commerciality.

The big one next is Alkaid-2. Big risk now, if the horizontal fails at Alkaid its a massive blow and leaves them with nothing, until they can do a successful horizontal at Theta West #2.

SMD falied to flow at Talitha....and that is now the risk ahead of Alkaid-2 with the SMD.

Big upside on success, big downside on failure. Thats the game.

[pannikin] 31/3/2022 08:03

PRO, the man so smart that he can predict the weather, but so inconsistent that he sold PANR in the 30s to but TXP in the 160s.I am however unable to predict the weather but managed to sell TXP in the 150s and buy PANR in the 30s. One of us made 700% on that transaction whilst the other lost >80%. One of us didn't have £60k in 88e when the share price halved.Tell us how good you are at investing PRO.

[fifthelementinvesting] 31/3/2022 07:59

What an absolute disaster. How to destroy your investors confidence and your own MC - write plug and abandon in your rns. share price is going to be absolutely mauled to death.

One step forward, nine tenths of a step backwards.

Will just have to wait it out.

[scot126] 31/3/2022 07:59

Prolapse - complete nonsense. The decision was made last night - fact.

Life must be tough in the East right now, eh?

[soggy] 31/3/2022 07:59

Yes PRO, you did say that, but because the end result is as predicted it doesn't mean that the reason behind it and your description of it is either true or accurate.

If you want, I'll keep posting that the sun will go down tonight because I have done my celebrated, magical Darkness Dance and sacrificed a jellyfish on a my barbecue. And my claim will be as sound as yours.

[pro_s2009] 31/3/2022 07:55

Now, who was the only poster saying they would not resume testing and would "run off" with what they have ?? Better a dribble than a confirmation of failure, take what you have and be happy with it.

Yes me.

Could see it a mile off.

[ride daice] 31/3/2022 07:52

It's known as the redistribution of wealth.

[soggy] 31/3/2022 07:43

I think all of us long termers have now got our head round the difference between the vertical they drilled and the satisfactory, indeed exciting, data they've acquired and the gusher that will eventually ensue with fracced laterals. But som will have been hanging on in the hopes of a resumption of testing and, truth to be told, there can't be many who don't wince at the words, 'plugged and abandoned'!PANR is by by far my largest holding and I won't be selling any...but I'd be surprised if we don't dip badly at the open, and possibly until after the webinar or maybe till alkaid.Hope I'm wrong

[evilblues] 31/3/2022 07:26

Depends when the RNS was written.

[adxwasere] 31/3/2022 07:24

Looks like they took the decision to wrap up work until spring.

[2022 will be the year] 31/3/2022 07:18

Jay seems pretty pleased- looking forward to the detail in the webinar.

[westx] 31/3/2022 07:15

RNS is out

[chris0805] 31/3/2022 06:18

Thanks Squirrel:-)

[red squirrel] 30/3/2022 22:02

Posted up by Mokko on Twitter referencing a YouTube presentation by SteveyCheckers. An introduction to Pantheon covering current status, the relationship with Icewine acreage, and the forthcoming summer Alkaid opportunity.