Pantheon Resources Share Discussion Threads

[maxxy1] 23/3/2023 06:43

Pro and his strategy lol!! His portfolio is biggest loser on advfn, don't follow ;)

[mlf51] 23/3/2023 06:07

Oh and you forgot Texas lol.

[olderwiser2] 23/3/2023 05:25

Truant2tb1 4014

What a complete load of agenda driven rubbish, "horizontally vertically makes no difference"

An entire oil production renaissance grew on the fact horizontal makes a difference

What we await is the proof beyond any doubt that it is commercially viable, there is absolutely no proof that it is not commercially viable, for that you need, no oil flow and data to show there never will be.

[truant2tb1] 22/3/2023 22:46

You can test it horizontally, vertically, inside out or back to front!Makes no difference!!There's no commercially viable reserves here, that's been proven beyond a doubt10p being VERY generous ?

[truant2tb1] 22/3/2023 22:42

https://mobile.twitter.com/truant2tb/status/1638671826908856321

[madd_rip] 22/3/2023 18:06

More lying from fluffer number 3

[forwood] 22/3/2023 17:39

Pos - you're dealing with someone, maybe more than 1, who does not understand drilling wells and hasn't bothered to find out. The engineers who freely give their time and expertise on Discord and sometimes here, will tell you that having cased and cemented the vertical in a 5 and a half inch pipe, you cannot now do a lateral from it. This post from GeodesRrocks49, discussing Alkaid 2, concurs:

'Three abbreviated thoughts. #1.) Existing well is cased and cemented. Can easily perforate and frac. Must however place a bridge plug just below the SMD completion interval to isolate the Alkaid ZOI. Economical standard practice and will be a vertical vs horizontal. Most of Prudhoe Bay wells were / are verticals.
#2.) Can't horizontally drill from inside a cased 5-1/2" diameter well bore. But can complete the SMD because it is behind pipe. Future wells would be horizontally drilled as new wells.
#3.) The SMD Could be a commercial production well - but limited on the ability to flare gas by the AOGCC. Any long term production from the Alkaid pad will require gas injection / disposal. Flaring was granted for testing purposes only - never for producing any wells long term.
Pantheon is fully aware and addressing these advantages and the disadvantages --- period. Me? Long term holding. Birth pains of an Alaska giant field.'

[probabilityofsuccess] 22/3/2023 17:04

I’m not misleading - it’s as clear as day in the written word.

I repeat, it’s ok for you to acknowledge you misinterpreted or misunderstood, I believe many others have as well, both on here and on Discord (it is they that have assumed something, likely because optimism bias kicked in and they probably ‘hoped’ it would be a lateral as that would likely have more positive impact if the test was successful)…………it’s good to make mistakes (I’ve done it enough times!), because that’s how we learn.

Take a step back and read the words in the RNS:

There is ZERO mention of a lateral/horizontal into the SMD.

There is ONE mention of “TESTING the shallower Shelf Margin Deltaic ("SMD") zone in the shallower VERTICAL SECTION OF THE WELL BORE”

[helpfull] 22/3/2023 16:55

Cor blimey, guv!

I'm sure that post has some meaning. But it is lost on me. I was simply pointing out you were misleading. Whether deliberately or not, I'm not too sure. I was not debating.

Be careful.

[probabilityofsuccess] 22/3/2023 16:47

Helpfull - it’s absolutely fine to misinterpret or misunderstand something, and shows a good level of maturity and humility to acknowledge that, both to yourself and others.

As I said, all the best 👍.

PS - not like you to get caught up in a debate like this tbh, it almost feels like you have an ego and it’s been bruised, I thought you were just one of those posters that does rinse and repeat and didn’t care what others thought of what you write.

[helpfull] 22/3/2023 16:44

Cor blimey, guv!

No. I have read and understood what was written.

It does not say whether it will be tested vertically or horizontally.

You have made an assumption.

Be careful.

[probabilityofsuccess] 22/3/2023 16:43

OD:

The words neo used were “Even of (sic) they do enter smd to test, they still need to drill horizontal well along”

“EVEN if they do” and “still” infers he was referring to previous comments about testing the existing wellbore in the near term.

We can all get caught up in semantics (feel free to debate with Helpfull on that one!).

Can’t comment on the risk sorry, that’d be one for geos and operators.

[probabilityofsuccess] 22/3/2023 16:36

Helpfull - you may choose to think that, but you are incorrect in coming to that conclusion.

You (may) have misinterpreted or misunderstood what has been written.

You may argue that I may have also misunderstood or misinterpreted, but you’d be wrong in doing so.

All the best.

[officerdigby] 22/3/2023 16:35

POS think chap was inferring they need to do horizontal and who would disagree.At least it would be (presumably) the same spot as the vertical this time, so less risk?

[helpfull] 22/3/2023 16:30

Cor blimey, guv!

I think they are simply telling the reader the SMD zone is shallower. I think you have made an assumption which might be correct or might be wrong. I certainly wouldn't like to chastise anyone based upon that.

Be careful.

[probabilityofsuccess] 22/3/2023 16:25

Helpfull - if that was the case, they wouldn’t have used this extract, as it would be superfluous:

“……;.. in the shallower vertical section of the well bore……….”

[helpfull] 22/3/2023 16:21

Cor blimey, guv!

I think that tells the reader the SMD zone is upwell from the horizontal in the shallower vertical section of the well bore.

It does not say if they will be testing vertically or horizontally.

Be careful.

[probabilityofsuccess] 22/3/2023 16:12

20th March - AGM webinar and corporate update:

“Future operations at Alkaid will now focus on moving up the well bore and testing the shallower Shelf Margin Deltaic ("SMD") zone in the shallower vertical section of the well bore after plugging the Alkaid zone of interest (ZOI) reservoir.”

One would hope that people who like to comment so much would read the content of RNSs to ensure they are fully appraised of what the company is telling them.

[helpfull] 22/3/2023 16:03

Cor blimey, guv!

Which RNS are you referring to? Can you give the date the clear statement was made?

Be careful.