Pantheon Resources Share Discussion Threads

[michaelsadvfn] 17/1/2022 14:57

Yes. The price always does the opposite to what you think it will do.

I certainly did not foresee 70-anything this close to news.

[dv01] 17/1/2022 14:53

Can somebody please explain the price action today?

[johnswan193] 17/1/2022 14:40

The only thing that breaks through 78p and manages a sustained run above that level is an RNS confirming flow test results have exceeded expectations. A webinar providing a detailed overview of upcoming operations, though useful, will not do it in the absence of something new and materially positive.

[references] 17/1/2022 14:01

Thank you dhb and the Count. Very exciting times ahead.

[the count of monte_cristo] 17/1/2022 13:43

Reading "The Last Alaskan Barrel", by John Miller, I seem to recall he detailed in his book a table of recoveries for the Alaskan producing fields, with most at 40% and Prudhoe Bay much higher at over 50%.

There are billions of barrels left to discover in Alaska on the north slope, that's for sure. One needs to understand just how large Alaska is, overlay it on a map of the lower 48 to see this. Also, Prudhoe Bay dwarves the rest of the oil finds, it's a gigantic oil field and probably may never be matched in size in north America. To find something even coming close to it would be an enormous event, should the estimates by the company prove to be correct this company will not be priced at 300p:))

[dhb368] 17/1/2022 13:30

References, PANR themselves have been conservative and have used approx 12% for recovery rates.

However, "When production started at the Prudhoe Bay field the recovery rate of the 25 billion barrels of oil in place was expected to reach 40 percent. Today, using new technologies that estimate has increased to more than 60 per- cent."

On a successful drill and test of Theta West you could expect both OIP and recovery rate to increase.

Pick your own number, but I consider 20% recovery of 20 billion barrels in place an nice number, especially at $5/bbl or ~£18/sh. We are a long way from there now, but it shows where the upside could be on a success case.

[the count of monte_cristo] 17/1/2022 13:27

I recall reading that for the super giant oil field of Prudhoe Bay, which accounts for most of the oil in Alaska, the recovery factor is around 53% and on average in Alaska it's 40%. Links below may help.

[ngms27] 17/1/2022 13:22

sirmark, don't say that or johnswan will be back with his 78p :)

[references] 17/1/2022 13:00

Folksy tunes on the video, but fine by me! So if the company manages to prove up 17bn barrels of oil in place, I wonder what percentage the oil players will assess as recoverable. 10%? 20%? What precedent are you guys aware of?

[sirmark] 17/1/2022 12:19

78p to break :)

[sirmark] 17/1/2022 09:43

Everything on track, and ready to test the most impactful well of 2022!

[the count of monte_cristo] 17/1/2022 09:31

Unnecessary and distracting music.

[madd_rip] 17/1/2022 09:22

And the somewhat summery style music lol. So we should have a regular supply of RNS's in the coming weeks/months.

[dhb368] 17/1/2022 09:14

So the rig is now on its way to Theta West.
I am expecting coil tubing unit to be onsite at Talitha A today.

A small chance of an RNS before the shareholders presentation next Monday?

[brian boru] 17/1/2022 09:09

Seems like all going to plan- amazed at how laid back Mike appeared to be out on the tundra at -31F

[dhb368] 17/1/2022 09:03

'Operations Update' on YouTube. https://youtu.be/FtcuTMZRTx0

[brian boru] 17/1/2022 07:31

Only one week till potentially life changing news for panr shareholders- just read the 88e RNS and wish them luck with their upcoming drill, but am glad that my shares are in pantheon!!

[references] 16/1/2022 14:14

Agreed, and why I am an excited shareholder. Will be a fascinating next few months.

[sirmark] 16/1/2022 14:10

Abs with production possible from July, not a bad insurance to the shareprice