Pantheon Resources Share Discussion Threads

[jontyfromsa] 10/2/2023 07:05

See the RNS today

Tick Tock Tick Tock

Wanna close that short asap lil bull

[madd_rip] 09/2/2023 22:05

I wouldn't agree with anything you say, type or utter. You inferred it was gibberish, you're an expert at typing gibberish.

[adxwasere] 09/2/2023 21:22

Confirmed. ? News Due Fact!

[thebull8] 09/2/2023 21:01

So you're agreeing with me it's gibberish then Progress

[madd_rip] 09/2/2023 19:32

As an world leading expert in gibberish you should know.

[thebull8] 09/2/2023 18:19

Utterly nothing to substantiate these accusations. More gibberish from the longs who cannot fathom that somebody may actually sell their shares here

[evilblues] 09/2/2023 16:50

Seems the shorts are covering, price goes up, then short - rinse and repeat. I would say they probably have someone on site in Alaska keeping them updated on clean up etc and have had since last conveniently timed short attack...stinks.

[thebull8] 09/2/2023 13:04

I'm pretty sure you didn't word it like that but I cba scrolling back and re reading it so let's drop it there

[rabito79] 09/2/2023 10:01

Yes, when I said whole acreage what I meant was the whole acreage.

[hiddendepths] 09/2/2023 10:01

2409 Great post rabito! I concur with the whole thing. Much more convincing without the (justified) anger spilling over.

Just IMHO of course. I know there are some who prefer the fury to the content.

[thebull8] 09/2/2023 09:58

Gotta make yourself clearer in your wording lol

[rabito79] 09/2/2023 09:51

Quite happy I understand what commerciality means thebull8. Your attempt to take my 1000wells on the whole acreage and apply it to Alkaid only says everything about the level of debate we can expect from you.

[thebull8] 09/2/2023 09:30

See you fail to understand the difference between making a profit and commerciality. Just because you can make a profit on a barrel of oil, it does not make the venture commercial. Never mind the fact that Pantheon has a generous and lofty market capitalisation. Many oil wells that produce far in excess than any of Pantheon rosy predictions have been plugged and abandoned. Indeed, any major would have walked away from Alkaid2 months ago. Alas, Pantheon cannot afford to and somehow desperate to try and show anything from this failure. No doubt the guild will be out in force to say this isn't a one trick pony. Take a guess why Pantheon drilled Alkaid first? Because it is considered the least risky. Which doesn't say much for the rest of the field

[michaelsadvfn] 09/2/2023 09:19

Isn’t it just.
This site reflects the problems with society today.

[rabito79] 09/2/2023 09:17

JakNife, I have given you my answer in that I believe to 'demonstrate' commerciality will be an iterative process. However looking at other examples I would suggest Pantheon can achieve a sale equal to or above the Pikka NPV/barrel ($3.1) with the number of drills being in the single digits. Indeed Jay has alluded to this in past webinars. Note I am aware if the differences in our reservoirs to those of Oil Search et al. As I am aware of the benefits of being able to carry out a long term flow test which most other operators on the slope can't.Of course the number of wells to fully develop Alkaid and indeed the whole acreage is a different number, it was pretty clear my 1000s of wells related to developing the whole acreage. Your and thebull8's twisting of my comments make you look more stupid than I.In regards to you seismic comments, again this is an iterative process. The seismic interpretation will always be updated with new information with each drill. Hence the likely upgrades pending from proving Alkaid is deeper, as originally suggested, and the belief SMD now crosses the Highway at Alkaid. Personally I am happy to see that the seismic interpretation predicted the depth of the Alkaid reservoir to within a few feet, that it predicted a ~1000ft oil column at Theta West and it predicted the improvements in reservoir quality witnessed at Alkaid. The fact it missed a 'volumetrically insignificant' gas cap at Alkaid is not a massive concern, it's clearly been more right than wrong. Pantheon have been more than open on previous misinterpretations of the seismic as per updates to SMD post Talitha 1.There will always be differences from well to well, particularly given Alkaid 1 was drilled on the edge of the reservoir. Yet Pantheon have shown that even the flow rates at Alkaid 1 can be scaled up in horizontal well to achieve commerciality. Indeed SLB have modelled IP30 rates in excess of Pantheon's own modelling, a point you have hopefully read now as you seem to have difficulty interpreting flow rates in RNSs. Please note I have read back the RNSs and can see no references to significant unexpected pressure differentials between Alkaid 1 and 2, be great if you can clarify in the spirit of cooperation. On flow rates it's pretty clear to me that the company belief there is significant upside both in Alkaid 2 and future wells. I am confident looking at the water cuts in Alkaid 1 and 2, there is significant upside here as Michael Duncan spoke to. This and the removal of restrictions from sand should hopefully get us above targeted flow rates, we are nearly there already once you factor in the condy and NGLs you previously missed. The suspected gas cap contact is indeed a frustration and will likely continue to mask the true potential of this well, although could improve recovery rates from what I have been reading. However I am pretty confident potential partners will understand this even if the market doesn't. What is clear is that the well is showing positively in regards to flowing hydrocarbons which was the ultimate goal of the well and should achieve targeted rates despite this apparent impairment.

[helpfull] 09/2/2023 07:51

Cor blimey, guv!

Nothing changes. The ascending flag in full flow. A bearish continuation indicator. A downward step to 10p is on the cards. Frightening. But good luck all lth.


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Be careful.