Pantheon Resources Share Discussion Threads

[responsible investor] 11/12/2021 09:05

I believe the latest presentation will be on the company's website some time next week.

[padamster] 11/12/2021 08:39

I don’t believe in the slightest that ngms27 is a holder of stock in Panr wanting it to rise. His comments generally are negative and to the layman that suggests he wants the share not to do well. No one take notice even when he turns positive which maybe today. Don’t get caught up with the BS as you will only have yourself to blame

[michaelsadvfn] 11/12/2021 04:50

ngms2710 Dec '21 - 17:01 - 20380 of 20397
Takeouts:
1) Only a small section of reservoir was perforated, larger perforations could result in larger flows
2) The well clearly stopped flowing when 30% of frac fluid had been recovered. It clearly wouldn't restart on natural flow. Why?
3) The well was unstable because it was slugging(Factually incorrect)



(Professor Google)

[michaelsadvfn] 11/12/2021 04:36

If anyone was wondering...

How Does Well Activation by Nitrogen Work?

In many cases, liquids may accumulate within an active well preventing the easy flow of formation fluids. In these instances, nitrogen gas can be pumped into the reservoirs to remove these stagnating liquids and improve flow. The nitrogen gas is channeled through coiled tubes to pump out the accumulated fluids inhibiting optimal productivity.
(Professor Google)

[bobbiedazzler] 11/12/2021 01:02

Thanks Rabito for the info on Alkaid wells. So about $60 million gross revenue at an annual rate at the mid point Lee Keeling estimate for 2 wells: a handy contribution largely available for debt service. It makes it likely that we have seen the last company placing, and we still have 100 per cent. Also seems to me unlikely we'll get a farm out before we know the flow results

[wee jimmy] 10/12/2021 23:16

ngms I am sorry to say that you are such a downer for me that I am obliged to filter you. I have listened to your remarks for months and you just go on and on and on AND ON about the negative case for PANR. If I was a psychiatrist I would really struggle to understand you; in more than 40 years of equity market involvement I have never come across anyone who can even begin to approach your highly contrary thought processes whilst you appear to be long of PANR stock and happy to be so.

Frankly anyone who is clearly 17 standard deviations from the normative view should be excluded from the scatter diagram as it skews the results too much for any level-headed analyst. To quote Dragon's Den "I'm out" or rather "you're out". I'm sorry!

[gp1948] 10/12/2021 21:25

responsible investor #20390 "From what I recall at the presentation given on Monday at which I was an insider (now released) the farminee had a technical team, which our team knew well, and has been very involved in NSA. Our team was keen to continue to work with them i.e. presumably a meaningful sized oil company."

Please elaborate on the above - which presentation? Were you an insider there?

[cezuan] 10/12/2021 20:25

@Michael Issueing the 50m in bonds was conditional on raising 20m in equity. 2m of that equity raise was agreed to by a bondholder pre-raise and the whole activity then depended on the 18m to take off.

[michaelsadvfn] 10/12/2021 20:19

So, the reason for the CB....raising $18m triggered it’s execution, whatever that means?

They clearly wanted the same rig, so that explains the loan facility. ✅ job done

There’s every chance of a farmout but on better terms. ✅

Results start coming in during Feb. ✅

[madd_rip] 10/12/2021 19:21

Let me guess, a negative response?Talk about a broken record.

[responsible investor] 10/12/2021 19:18

From what I recall at the presentation given on Monday at which I was an insider (now released) the farminee had a technical team, which our team knew well, and has been very involved in NSA. Our team was keen to continue to work with them i.e. presumably a meaningful sized oil company.

Agreed that the course of events will be determined after this upcoming drilling season but the PANR team has been pretty good at estimating resources so far. If the figures do hold up there ought to be competition for PANR's assets between oil companies which can face up to the criticism from the anti carbon lobby and surely the time for that will be in May - September 2022 and hopefully will be based upon 2.2 billion brls reserves and a value certainly in excess of $5 per brl. The potential farminee will be in a very strong position to bid having so much information available and of course will have to behave more sensibly this time.

[michaelsadvfn] 10/12/2021 18:57

ngms’ response to WesTx’s post sums him up.

I would have thanked WesTx for his professional observation.

[sirmark] 10/12/2021 17:45

Your negative stance on everything is really boring ! I wouldn't mind if even half of what you said had some merit, but mate seriously very tiresome ! (and from a shareholder which beggars belief)

[ngms27] 10/12/2021 17:41

Thats good news then, but neither did HUR's logs show the OWC or more recently TXP.

[westx] 10/12/2021 17:17

I've looked at Alkaid logs which have been released. There is no visible OW contact in wellbore.

[fordtin] 10/12/2021 17:16

ngms27 -

re post 20380
".... The last time I saw this kind of action was well 7z for Hurricane that had the same issues re stability and oil cut. Now it could be just that the well hadn't cleaned up properly or it could be a nearby OWC."

can you please provide a link to the RNS announcing the well 7z event you've referred to.

[bobbiedazzler] 10/12/2021 17:12

The other point to make about production is that it will move stuff to reserve status, and will allow the company to fund expansion with bank debt. No more shareholder dilution necessary....

[ngms27] 10/12/2021 17:01

This is from the RNS:
The Brookian ZOI has an estimated gross 400 feet and net 240 feet of pay. A six foot interval was perforated and stimulated and the well flowed naturally until 30% of the frac fluid was recovered, when a nitrogen gas lift system was initiated. Light oil (40 degree API) was recovered and c.40% of the frac fluid was returned within the first 14 hours. The well was shut in for 72 hours due to equipment problems and severe weather conditions (stage 3 Blizzard). The well was then turned back on and the oil cut increased steadily to +40%, producing about 80-100BOPD with occasional slugs of oil producing at much higher rate.

Takeouts:
1) Only a small section of reservoir was perforated, larger perforations could result in larger flows
2) The well clearly stopped flowing when 30% of frac fluid had been recovered. It clearly wouldn't restart on natural flow. Why?
3) The well was unstable because it was slugging

The last time I saw this kind of action was well 7z for Hurricane that had the same issues re stability and oil cut. Now it could be just that the well hadn't cleaned up properly or it could be a nearby OWC.

[winner66] 10/12/2021 16:57

Fund managers generally invest based on earnings ( think analyst calls) when it comes to sectors oil & gas , you can see the splits from fund managers and they are heavyweight dominant . One day we might be on the map , but as until we’ve got earnings forecasts and are dividend positive fund managers won’t be looking , even ones with imaginary friends !!

[ngms27] 10/12/2021 16:52

The well test at Alkaid had a 40% oil cut and was aided by injected Nitrogen.

It remains to be seen what long reach multi-stage fracced horizontal's will do, especially a few months down the line.