Pantheon Resources Share Discussion Threads

[thebull8] 31/1/2023 20:46

Are you Madd? You certainly sound like an angry little man

[thebull8] 31/1/2023 20:19

50million shares Be more than that on offer in the upcoming fundraiser Woooooosh

[forwood] 31/1/2023 18:33

The equipment to deal with the NGLs and consdensate so that they can be sold into TAPS cost $750,000 a year ago (source: webinar). Acknowledging it is likely to
have increased in price since then, it remains a question of economics post clean-up, frac fluid return, and opening up the choke what the resulting improvement to flow will be, and whether that flow produces the same proportion of oil, NGLs and condensate or improves.

The experts believe the gas will dissipate somewhat. But say they produce the same amount as already shown, 350boe a day. They reckon they can sell that for 80-90% of the ANS West Coast price which tends to be a bit higher than Brent, the latter currently $85.54. The gross revenue at the 85% midpoint on $85.54 would be c $25,450 a day. A month of that (30 days) would generate $763,444 gross. Again, given that it would be marginal costs on a well already paid for and costs required to flow the 200 bopd, the liquids equipment would probably pay for itself inside 2 months, 3 at the most.

We don't yet know what the plans are for future wells but they installed equipment that could handle output from 2 or more wells at A2, so it's highly unlikely they won't just give up after the 9 months of the flow test (or whatever time is required to demonstrate flow). It's feasible to drill more laterals from the same vertical too, though I suspect they will want to penetrate the SMD next. Of course, they'd need a production plan agreed with the State, but Alaska is not going to turn down the chance of more revenue, and neither is the company. I'm guessing it's highly likely they will buy the NGL condensate equipment, if only to avoid having to flare or reinject them. Unless of course the NGLs and condensate reduce to uneconomic amounts, and are replaced by oil.

It's reasonably clear to me that the majority of those with an interest in PANR realise this is the way forward: a succesful clean up and improved flow. That is why the share price is increasing daily, no doubt assisted by the more thoughtful shorts closing.

[references] 31/1/2023 18:13

Nice run into the close. Spin that drill.

[jontyfromsa] 31/1/2023 18:13

3% lol. Just let that resonate in your thick little skulls.
Get ready to cry to mummy shorts. You are in for a massive squeeze and going to be badly burnt

[gemstar2] 31/1/2023 18:06

The Bull still bitter from his £250,000 loss on Meldex
Badly down on PRM too

[thebull8] 31/1/2023 17:41

I sincerely hope the clean up produces nothing more than a few extra dribbles and we can move backwards and the next placing is done at the deepest possible discount. I hope that everyone of the longs that has posted on here comes and apologises to me one by one. And I hope after getting on your knees and kissing the ring on my finger, I can turn around and you can kiss my other ring

[shanig] 31/1/2023 16:21

It must be a different mindset to be constantly digging for negatives and longing for bad news..but I guess if you make money out of it, then that's all that matters????? Really?I have no doubt there are many corrupt listed companies out there but my gut feeling is that Jay and the rest of the BOD don't fit into that category.Yes, I know I'm very naive.I sincerely hope the clean up goes to plan, flow rates improve and we can move forward.

[chris0805] 31/1/2023 15:09

In the RNS the state 550 barrels / day of liquid hydrocarbons, all of which can be sold, 200 is oil, 350 is NGL / condensate, which is currently being flared as they don't have the necessary plant on site to allow that to go with the oil to TAPS, the insinuation is that as A#2 is a LTPT, then it's not currently worth the extra expense to add the necessary plant. If the LTPT is successful, then the required plant will be added as the well is set up for permanent production. As ever you have a (negative) different understanding but don't quantify it. Just try and twist everything to suit your (negativity) short agenda...

[bad gateway] 31/1/2023 14:22

Rabito79
Rabito79 31 Jan '23 - 13:42 - 2101 of 2106
"This well does not need to be standalone commercial. It’s about the understanding what is required for full field development."

That's not completely accurate rabito.
When they had their placing and allocated the $23M for the drill they very much listed it as a producer of early and very necessary cashflow.
The rhetoric has changed with the disappointing flow so far but as can be seen from the below management quotes it was very much planned as their first producer..






"Raising a minimum of $70 million will allow the fully funded drilling and/or testing of a number of independent, oil bearing target zones across three separate locations (Talitha, Theta West and Alkaid), all of which have been de-risked by drilling and independent analysis. This activity set is the biggest operation in the Company's history, delivering to shareholders an impactful, busy programme that could transform the Company. Success at any one of these targets has the potential for significant value creation, and in the case of Alkaid could bring the Company into first production."

· Alkaid #2H - confirm the extension and quality of the SMD formation and, depending on results, complete either the SMD or the deeper Brookian Formation as an oil producer adjacent to the highway, which will be Pantheon's first producing well on the Alaska North Slope (estimated commencement: June 2022)

and again on their spudding rns we can see the importance of the hoped for early cashflow..

"A successful programme at Alkaid #2 would yield early cashflow which is of significant value at current oil prices."

[helpfull] 31/1/2023 13:58

Cor blimey, guv!

Sorry. $16,000 a day and $480,000 a month. My error.

I compared it to the quarterly debt interest as a relative comparison.

But not $40,000 a day. Or $1.2 million a month.

Be careful.

[bad gateway] 31/1/2023 13:52

Just one more try $40k/day is their imagined figure if they were selling all the hydrocarbons. From the webinar they're not they're only able to process and sell the 200B/day of crude giving $16K/day

[bad gateway] 31/1/2023 13:48

Covered well enough by Jak imo,

[just one more try] 31/1/2023 13:42

The gross figure reported by the company wa $40k, a day, got to love "Helpfull" when he compared a daily rate (of Just Oil $16,000 - with a quaterly payment of$2.45million.

The compasion should be with the Harbo carbons sold - (stated in webinar to be $40K a day (or $3.640 million) with $2.45million.

A mere reduction by "Helpful" by 227.5 times.... Not very helpful at all

[rabito79] 31/1/2023 13:42

350 BOD of gas, says it all really. I could tell you a patronising barely related long story about my kids being stupid as well if you want.This well does not need to be standalone commercial. It's about the understanding what is required for full field development.

[helpfull] 31/1/2023 13:42

Cor blimey,guv!

I can't imagine ethane, propane and butanes being transported in pipelines. Wouldn't they be gaseous at normal temperature and pressure. That would be an expensive pipeline.

The company has not revealed via RNS the breakdown of the chemical content of the gas/ NGL /oil mix. I suppose it would be constantly changing as drilling/clean up progresses. Wouldn't the highly volatile hydrocarbons have to be liquefied and transported by tanker?

Brings it back to cost I'm afraid. Some peeps are too quick to use the liar word as if they are a keyboard detective. Things are a little bit more complicated than that, greyer.

Be careful.