Pantheon Resources Share Discussion Threads

[marto1000] 29/8/2023 08:37

this is a massive win for Pantheon .. We have confirmed 1.0 billion bbls of recoverable liquids that is now certified and worth at least $5bbl based on Talitha data. PANR estimates are based on the total area with assumptions that are more realistic and inline with better reservoir they expect in shallow section - which Panr will get when we drill the next well. NSA will need to double that estimate. Remember NSA have worked really hard to give us the lowest number possible ...very conservative and based on Talitha.....This is a significant day for the company!! And yes you can imagine corporates are sniffing now

[coeun] 29/8/2023 08:35

Yes I can see it's going down. NOT.

[tizo100] 29/8/2023 08:30

another clown ??? filtered

[mike290] 29/8/2023 08:30

Here is the house broker's morning (on 29th August 2023) comment:

"Canaccord Genuity view

Pantheon has announced the results on the new independent expert's report on the company's Kodiak project (WI, 100%) in Alaska. The report, prepared by highly regarded Netherland Sewell and Associates (NSAI), confirms gross (and net) 2C contingent resources of "total marketable liquids" of 963 mmbbls. We see this figure - a "best estimate" of almost 1 billion barrels - as an important confirmation of the scale of the Kodiak discovery.

In our view, it is a critical first step in the process of further appraisal towards potential establishment of the commerciality of this very large, now independently verified, resource base and Pantheon's aim to deliver recognition of $5-10/bbl market valuation for those resources.

Kodiak report detail: NSAI has determined a 1C-3C range of recoverable hydrocarbons liquids resource of 438-2,014 mmbbls, a mix of crude oil and natural gas liquids (NGLs). The best estimate is 963 mmbbls, consisting of 315 mmbbls oil and 648 mmbbls NGLs.

The report assesses only the Lower Basin Floor Fan reservoir in Kodiak discovery which is covered by 3D seismic and confirmed by three wells (Pipeline State 1, Talitha-A and Theta West-1).

Pantheon believes that the NGLs have material value and that a mix of Kodiak hydrocarbon liquids could yield c.90% of the value of an Alaskan North Slope crude oil barrel.


Pantheon's previous estimate: While the NSAI report falls some way short of Pantheon's own estimate of over 1.7 billion barrels contingent resource, it is no surprise that NSAI is more cautious. In any case, the full NSAI 1C-3C range still includes Pantheon's estimate.

Perhaps most importantly, though, is that the independent report simply confirms the very large scale of the recoverable resource potential, something that the market may have been sceptical of.

Next steps: NSAI continues to work on assessing the resource potential of the Alkaid horizon at the Ahpun project. That is expected to be completed in Q4 23.

Rig mobilisation to re-enter the Alkaid-2 well to test the Shelf Margin Deltaic reservoir (SMD) is targeted for September. Finalisation of necessary permits is ongoing.

A webinar presentation of the NSAI Kodiak report and potential Kodiak development concepts will be held in the next month or so.

In the longer term Pantheon plans to drill an appraisal well on Kodiak in an updip location to the NW of the defined discovery, where it believes the best reservoir parameters will be found.

Valuation, target price and rating: We leave our risked NPV10-based target unchanged at 100p while we await the next independent resource report from NSAI on Ahpun."

[titan9700] 29/8/2023 08:30

Look everyone a new clown is in town

[padamster] 29/8/2023 08:26

Is Johnjames now the alias for Pro! If not then Johnjames you should have come out the cupboard when the shares were falling!

[mlf51] 29/8/2023 08:22

Lmfao another one that. Can't read.

[michaelsadvfn] 29/8/2023 08:19

Grow up mate.