Pantheon Resources Share Discussion Threads

[forwood] 04/3/2024 17:23

helpless is an idiot! Why would investors be worried about a mix worth $74 (90% of the full ANS oil price)?

[sirmark] 04/3/2024 17:14

CGO...lol


Carl has a great CV.....

[martin1962] 04/3/2024 16:54

Newcomers to this thread, Key summary comments from Olderwiser's dismissal of Brevarthan Research's most recent rubbish ("Research" - LOL). You'll see that Olderwiser's comments are very damning. 1. "Brevarthan Research has produced an appalling misrepresentation of the facts, perhaps related to the need for shorts to exit, before good news on financing, Hickory or the updated Kodiak report from NSAI are released" 2. "Laughable in its attempt to reinterpret oil field terminology and common English language, in a blatant attempt to create confusion where there is none." 3. "In summary it is all a beat up based on misinterpreting the released data, then crafted this into a series of deceptions, based on those misinterpretations."

[helpfull] 04/3/2024 16:22

Cor blimey, guv!

"In Kodiak, the mix is about 1/3 oil to 2/3 ngls"

Those figures should really worry potential investors.

60%+ NGLs!

And the breakdown of the NGL mix?

Be careful.

[seedoftongo] 04/3/2024 15:11

Can someone provide a link to the guild thread please ???

[seedoftongo] 04/3/2024 15:11

Guys , can we pop over to the guild thread ??

By posting on here you are confirming you prefer this thread ??

[helpfull] 04/3/2024 13:42

Cor blimey, guv!

"The RNS also clearly states that the combination of oil and NGLs is worth about
90% of the full ANS oil price"

Brevarthan makes a good point.

With all the NGLs and condensate flying around, what does a barrel of Pantheon oil consist of?

Would a large oil company be interested in a barrel of NGLs?

Or condensates?

It is a worry going forwood.

Be careful.

[michaelsadvfn] 04/3/2024 13:33

Not for you then.

[seedoftongo] 04/3/2024 12:58

Safe haven where innocents are protected

[seedoftongo] 04/3/2024 12:58

The guild thread awaits

[forwood] 04/3/2024 12:01

Brevarthen is short Pantheon and his 'research' is designed to spread fear, uncertainty and doubt (FUD). Criticising use of the term 'liquids' instead of 'oil' as 'vague and ambiguous' is either plain ignorance (which is possible because he is not a geologist or oil expert) or FUD. In both cases, best to ignore what this 'research' has to say.

Pantheon has used the term 'marketable liquids' to summarily refer to the flows and recoverable resources from their wells. Initially, they typically report the separate analysis of oil and NGLs (which includes 'condensate').

The Netherland Sewell Associates, Inc (NSAI), the leading Independent Expert, produces gold standard reports on oil company resources and reserves. Their report on the Kodiak field also broke down the contingent resources into oil, NGLs and residual gas. So this is industry standard reporting. The 2c 'best estimate' of Kodiak resources in that report totalled 962 million barrels. The findings were published by RNS on 29/08/2023 and the full NSAI report is on the Pantheon website.

The RNS also clearly states that the combination of oil and NGLs is worth about 90% of the full ANS oil price, which is similar or more than the value of Brent oil. The Kodiak resources will increase in due course when reliable estimates can be given for the new Kodiak leases acquired recently.

The NSAI report on Ahpun resources is due in Q2 2024.

[rabito79] 04/3/2024 11:49

'Brevarthans worry should be your worry.'SLB don't seem to share Brevarthan's worries. Appears the biggest oil service company in the world's modelling appears to differ from that of some ex fund manager with an open short's unsubstantiated nonsense.'Development studies by SLB indicate an alternative type curve for the Alkaid horizon substantially in excess of Pantheon's base planning case estimates. Utilising this analysis, Pantheon has created a best estimate using an IP30 of 2,700 bpd and EURs of 1.65 million barrels. Improvements seen in the shelf break horizons in Ahpun and the updip portions of Kodiak would see rates and volumes comfortably exceeding these.'Keep helping

[mlf51] 04/3/2024 11:21

Cor blimey luvYour knickers must be in an awful state, calm down dear.Be honest

[seedoftongo] 04/3/2024 09:39

The guild thread

[helpfull] 04/3/2024 09:12

Cor blimey,guv!

"Our concerns about the broader Pantheon Resources investment case have been made before, and we believe they remain valid. Disclosure around the new completion is vague and ambiguous, with no reporting of an actual “black oil� flow rate (instead using variations of the broader term “liquids�), question marks about reservoir pressure (below bubble point) and saturation (and the sustainability of oil flows over anything other than short period of time), still substantial gas production, and dubious claims about a modest liquids flow rate (the first test reported an average of 45 bbls a day over a 5 day period) being scalable to a hypothetical horizontal completion with a 30 day IP of 4000 barrels (liquids) a day (and 2mm barrel liquids EUR). Amidst all the confusing disclosures, we find it hard to give credit to the broader billion plus barrel development story Pantheon management are promoting"

Brevarthans worry should be your worry.

Be careful.

[mike290] 04/3/2024 08:59

Newcomers to this thread,


Key summary comments from Olderwiser's dismissal of Brevarthan Research's most recent rubbish ("Research" - LOL).

You'll see that Olderwiser's comments are very damning.

1.
"Brevarthan Research has produced an appalling misrepresentation of the facts, perhaps related to the need for shorts to exit, before good news on financing, Hickory or the updated Kodiak report from NSAI are released"

2.
"Laughable in its attempt to reinterpret oil field terminology and common English language, in a blatant attempt to create confusion where there is none."

3.
"In summary it is all a beat up based on misinterpreting the released data, then crafted this into a series of deceptions, based on those misinterpretations."

[helpfull] 04/3/2024 08:50

Cor blimey, guv!

Not easy for a company with minimal cash and liquidity on hand.

1. This is the very early stage of a science project which will likely consume a large amount of capital, in a region with limited oil service availability, extreme temperatures, with high drilling and completion costs. Not easy for a company with minimal cash and liquidity on hand.

2. Results from tests so far have been of variable and generally poor quality, with vague and ambiguous disclosure

3. Oil rates have generally been low, with tight rock and reservoir pressure concerns

4. The reservoir rock appears heterolithic and heterogenous making it hard to forecast low risk scaling up of the play

5. The material gas production in a basin that doesn’t have gas offtake and frowns upon flaring adds additional serious complications to any development plan.

6. A long term production test or EWT that conclusively proves commerciality has yet to occur. In any case, as we have seen in West Texas, multiple EWTs are required to test commerciality and underpin EUR judgements"

Be careful.

[mlf51] 04/3/2024 08:42

Cor blimey luv you girls have a lot to say this morning how much tripe can be spewed in one day, let's see. Are you still using the crayons or have you got more homemade vids to show.Be honest