Pantheon Resources Share Discussion Threads

[padamster] 22/2/2023 23:04

Bull - the spikes on low volume ? Is that your technical answer or have you been to the pub?!

It is hardly any evidence of any kind. Perhaps you may want to try again and also comment on the ‘fact’ of no raise until after flow tests ?

[thebull8] 22/2/2023 22:49

I literally just posted it before your comment

[padamster] 22/2/2023 19:03

Bull - do you have an answer?

[thebull8] 22/2/2023 18:57

The spikes on low volume

[forwood] 22/2/2023 14:51

canthelpit asked: 'Is it unreasonable to say the same problem still exists?'

Yes! see 2865

[padamster] 22/2/2023 14:17

So bull what are the signs of activity considering the company has clearly stated no fund raise until after flow test?

[thebull8] 22/2/2023 14:13

Activity feels to me very much like a capital raise

[padamster] 22/2/2023 14:06

She is prime ready to pop. Give it time

Be very careful. It won’t be kept down forever

[helpfull] 22/2/2023 13:37

Cor blimey, guv!

Pantheon have cleaned out the well bore. They cannot stop the ingress of sand. They can reduce flow rates in an effort to reduce the sand problem.

Remember the RNS progression: it went from an inconvenience, to a blockage, to a blockage that was partially reduced by CTU leaving a 1000 ft blockage, to a blockage that required the correct equipment to remove it.

Is it unreasonable to say the same problem still exists?

Be careful.

[thebull8] 22/2/2023 12:44

Hey whatdoya know it works!! I typed in Pantheon Resources has excellent potential and will be back at 150p very soon and that's what it converted to!

[madd_rip] 22/2/2023 11:52

Pot, kettle, black

[retirementfund] 22/2/2023 11:51

Loving the fantasy island sand posts from the shorting crew, they are probably sat with their buckets and spades dreaming of making sand pie's.

They say they have cleaned it out.
This should significantly increase flow.
Will it re block its very presumptuous to assume it will
Current share price looks like its totally blocked lol.

What happens to the shorts if it is fully clears and we get a commercial result this is the question everyone needs to consider

What if we get a low ball bid at £1+ how does that look for the shorter's

As the saying goes be very very careful

[thebull8] 22/2/2023 11:42

The idiot is stuck on moron mode guys...might wanna change out the batteries

[forwood] 22/2/2023 11:02

JakNife, the reason the rig may be there (I have no info either way) is because it will move south shortly to work on 88Es new Hickory 1 well. 88E RNS talk about it being mobilised from Pantheon mid February, for their spudding early March. Alkaid 2 to Hickory 1 is not far and given 88E only recently obtained its permit to drill and as at 6 Feb had still to construct its ice pad, perhaps they are not quite ready for the rig.

canthelpit and any other doubters about the success of clean out operations, consider this: The lateral was blocked following the initial frac charge operations which blew an extraordinary amount of sand into the rocks and channels around the pipe so as to create larger free flowing channels for the oil. Some of that sand came back from initial operations and created a blockage.

Since the first CTU operation cleared the sand from c 4000 ft, up to 40% of the frac fluid had returned. There was nothing to suggest that subsequently there was a problem with more sand from that 4000 ft, and thus no reason to think there would be following the recent and more thorough clean out from the operation of the 2nd CTU.

Finally, if there were any problems with flow back in the now fully unblocked lateral, it would have materialised by now. There has been zero suggestion of the workover rig needing to move onto the well head again (except by shorts desperate to find a potential snag in the resumption of flow operatiosn), and highly unlikely to be needed in the unlikely event of a further blockage, where a CTU was previously successful in clearing most of that previous problem!

I hope you get it now. Yesterday's RNS confirmed that flow testing has resumed. Live with it, try it on for size and consider the likely improvement in flow from the completely unblocked lateral which is now able to recover most of the frac fluid, and where the gas produced in initial operations continues to be replaced by oil and sellable condensate and NGLs.

[forwood] 22/2/2023 10:20

This an excellent article about the need to question our assumptions and beliefs. Although the theatre is the Ukraine war, the play is about the mistakes we make when we don't revisit our cherished positions. It applies whether one is long or short.

[tyronetwin] 22/2/2023 10:19

Swendab I seem to have lost the guild link can I rejoin please