Pantheon Resources Share Discussion Threads

[beanlade] 28/11/2024 14:22

T.I.T.S……;…lol

[nigoil] 28/11/2024 13:45

Not looking good here!

10p Party Coming Soooooooooon!!!!!!!

TICK TOCK

Simples!.........;-)

[jaymay76] 27/11/2024 12:57

Appreciated Forwood.

[gozo] 27/11/2024 11:42

Thanks Forwood

[forwood] 27/11/2024 09:31

You're welcome! Poohbear, management said: 'so that Megrez results and progress on the pipeline hit as hard as possible'. I added 'will'!

[chris0805] 27/11/2024 09:24

Thanks for sharing your experience with that meeting forwood. Much appreciated C

[poohbear1] 27/11/2024 09:10

Excellent value add Forwood. This is what the bulletin boards should be for - the imparting of critical information. A question: when you said, 'so that Megrez results and progress on the pipeline will hit as hard as possible.' Are they your own words or are you paraphrasing what management actually said? Thanks

[arcadian] 27/11/2024 09:06

Yes. Much appreciated.

[sirmark] 27/11/2024 07:17

Cheers forwood !

[forwood] 27/11/2024 04:26

I attended the Cannacord Zoom meeting on Tuesday. There were 5 other investors on the zoom call. There is an accompanying presentation on the website here:

Part of the reason for the meeting was to develop materials for a roadshow in the US and elsewhere, to raise awareness so that Megrez results and progress on the pipeline will hit as hard as possible. And that is something also for the UK.

It was a brisk run through the presentation focusing, as you may expect, on the future developments. Of interest, was the outline of proposed drilling (subject to funding) through 2026: 3 Kodiak wells and a further test at Talitha B, the latter to support gas production for the pipeline. There was also mention of the new administration's public support for the pipeline, and potential easing of the Environmental Impact Statement (EIS) Process, that might reduce time to first production, currently in 2028.

Re Megrez, DH and Jay volunteered the expectation, subject to weather and drillbit events, of a mid December availability of full logs (presumably meaning the completion of drilling and coring) but then to the New Year (mid Jan?) before we hear anything further on core analyses. Flow testing would then follow.

I asked whether Megrez in the success case would make a difference to the development / production model outlined to date, given the success case might mean better value in terms of output barrels. Without giving a categorical answer (apart from the possibility of DH & Jay performing cartwheels of joy!), yes it might, but not to the detriment of the existing 1.6bn resources. It would also require agreement from the state.

I put the question of the potentially cheaper cost of developing Megrez wells. The answer was: unlikely given the deviated length of those wells being drilled from West of the Dalton Highway to reach the Eastern topsets. The particular attraction however, is the much higher expected boe output from conventional wells here, compared to Ahpun West.

There was a question on costs of Megrez which it seems are in the range of $22 to $24m for both drilling and testing work. That led to queries about future funding and brief mention of the ongoing work with US banks to prepare for listing.

There was the possibility US banks might provide funds also in advance of listing. I asked whether further capital might be raised here before the US. The answer again was: whatever was in the best interests of shareholders and the previously stated policy of never turning down an opportunity to have as much capital as possible, whether or not needed at that time.