Pantheon Resources Share Discussion Threads

[seejayem] 03/3/2022 10:36

That explains the 15p surge on Monday

[unlikely2] 03/3/2022 10:32

Before we get too excited, just a reminder that it took 22 days after the rig moved from Talitha before the test results from the first zone were released. Same interval would give us the 25th for the LBFF. Then another couple of weeks for the UBFF. That would be 8th April. Looks good thinking about the end of the season.

Of course, the set up may be different here, as sirmark points out they might have completed with the rig a few days ago, and be further ahead. We will find out eventually.

Still betting on Monday for the SMD, but I am a lousy gambler.

[pro_s2009] 03/3/2022 10:28

This is it boys and girls, strap yourselves in for SMD flow testing news and then Theta West flow testing news.

[pro_s2009] 03/3/2022 10:27

Rig move was arranged on 28th Feb, so Monday.

This likely means SMD flow testing is ongoing and Theta West flow testing will be after SMD is done.

Cannot see any other reason the rig is leaving now, if the remedial work had failed they would be sidetracking, so they must have done a successful remedial job and now its onwards to flow testing for Theta West.

[ngms27] 03/3/2022 10:27

Sidetrack completed, casing set, great news ;)

[sirmark] 03/3/2022 10:26

Great news.... no side-track needed and drilling out has been completed and I would suggest days ago as they would have had to arranged today's move a few days in advance at least.

[pro_s2009] 03/3/2022 10:17

Theta West rig is moving off site today. So that means no sidetrack.....so must mean all is ok and testing equipment moving in soon.



.

[pro_s2009] 03/3/2022 10:16

Yes.......spotted that.

Just topped up with 100K of PANR shares (75K and then 25K).....looks like the rigs work is done

[huntman] 03/3/2022 10:15

GREAT BEAR PANTHEON, IN PARTNERSHIP WITH CRUZ CONSTRUCTION AND NORDIC CALISTA, WILL BE MOVING A LARGE DRILL RIG ON THE DALTON HIGHWAY FROM MILE 386.7 TO DEADHORSE THE MOVE IS ANTICIPATED TO LAST BETWEEN 30 AND 36 HOURS. DALTON HWY RIG MOVE 12:15AM ON MARCH 3rd MILE 386.7 TO DEADHORSE ROAD CLOSURES WILL BE ESTABLISHED DURING THE MOVE THE RIG WILL BE STOPPED IN TWO LOCATIONS TO ALLOW TRAFFIC TO PASS ESTABLISHED LOCATIONS AND ESTIMATED TIMES: CLOSE ROAD AT MILE 386.7 – START THE RIG MOVE PULLOUT AT MILE 403.7 – 16 TO 18 HOURS AFTER RIG MOVE START PULLOUT AT MILE 412.7 – 24 TO 28 HOURS AFTER RIG MOVE START OPEN ROAD AT DEADHORSE – 30 TO 36 HOURS AFTER RIG MOVE START INFORMATION: CODY OATMAN, CRUZCONSTRUCTION [e-mail] // 907-320-6046 THE MOVE SCHEDULE MAY BE IMPACTED BY WEATHER. IF DATES NEED TO BE MODIFIED, UPDATES WILL BE PROVIDED AS THEY BECOME AVAILABLE.
Start Time Mar 3 2022, 12:15 AM
Anticipated End Time Mar 4 2022, 12:15 PM
Last Updated Feb 28 2022, 9:05 AM
Id: 1505

[johnswan193] 03/3/2022 10:12

Unlikely, can you post a link to the source for this?

[unlikely2] 03/3/2022 10:04

Demobbing the rig. Ref Alaska 511. Can only conclude that the remedial work has gone to plan, and they are leaving the frac and testing units to complete the job. Excellent news.

[forwood] 03/3/2022 08:52

EIA wouldn't want to forecast higher prices, as the US has an interest in keeping prices low! Would be interesting to know what they were predicting in 2012!

So, found it - through to 2014 they predicted Brent at $100, WTI at $90. How wrong was that!

[spangle93] 03/3/2022 08:42

I don't disagree, but it's the most recent one issued.

However, I personally (opinion) don't see in their next update the EIA raising estimates for 2023 (and by inference, further into the future) above that already used by WHI

But if I could forecast oil prices, I wouldn't be still posting on these boards ;-)

[senttothegallows] 03/3/2022 08:32

Spangle For EIA you are using a report from the 2nd February I suspect this is very much outdated IMHO

[spangle93] 03/3/2022 08:15

Forwood - ref brokers...

I suggest that most would be guided by, if not directly apply, the views of recognised bodies like the EIA, which notes

"We expect Brent prices will average $90/b in February as continuing draws in global oil inventories in our forecast keep crude oil prices near current levels in the coming months. However, we expect downward price pressures will emerge in the middle of the year as growth in oil production from OPEC+, the United States, and other non-OPEC countries outpaces slowing growth in global oil consumption. This dynamic leads to rising global oil inventories from 2Q22 through the end of 2023, and we forecast the Brent spot price will fall to an average of $87/b in 2Q22 and $75/b in 4Q22. We expect the Brent price will average $68/b for all of 2023."


Meanwhile, the latest WHI report and valuation notes in the small print assumptions
Long-term oil price: $87/b Brent; $77 realised well-head Alaskan price; inflated at 1% from 2023USD


So, perversely, if they got their pencils out, it might be to mark numbers downwards

[references] 03/3/2022 08:12

Well, in my experience news rarely comes on a Friday.

[michaelsadvfn] 03/3/2022 08:07

Pointless presumption when news could drop tomorrow, non?

[references] 03/3/2022 07:43

No news till Monday presumably.

[forwood] 03/3/2022 03:31

Brent topping $116, approaching highs of 2011/12 as PoO surges due to OPEC inability to pump more and Russian crude being shunned. Our Sp in contrast to most other oils actually fell, which is almost as extraordinary given the recent 20% increase in oil price, and increases pressure here to report progress.

Bloomberg reports: 'Russia accounted for 12% of the world’s total crude exports in 2020 and almost 10% of oil-product shipments. Oil trading giant Trafigura Group tried to sell a cargo of Russia’s flagship Urals grade this week at a record discount to benchmark prices for northwest Europe but found no bidders, highlighting how toxic trade with the country has become. '

Although tempting to think these prices could be temporary, with the US considering Russian oil & gas sanctions (but not doing for fear of the impact on domestic consumers), it's likely buyers will continue to shun Russian oil long past the cessation of hostilities. The fall out from high prices in 2011 lasted a good 3 years, and although causes were different, the underlying constraints on energy supply from whatever source are unlikley to go away in the medium term.

Has anyone worked out the impact on PANR's likely billions barrels? Shouldn't our brokers be revaluing price targets accordingly? It's one thing being conservative about how much oil we've got, but extending that to ultra cautious pricing is missing out on potential feel good factors for holding our shares (something that doesn't seem to trouble 88E!).

Looking forward to reports on commerciality and reserves, the plan to put Alkaid into production is almost as exciting and cannot come fast enough!

[mlf51] 02/3/2022 21:32

What do you think

[wee jimmy] 02/3/2022 20:24

Have PANR got a licence for the Big Kahuna prospect? 😉

[btgman] 02/3/2022 20:20

The sheer size and scale of what Pantheon has means that you have to constantly revisit what we have.

Slope Fan System I have applied similar metrics to other zones and initial conservative valuation for that zone at this time is 34p risked. Given this isn't generally included in current broker valuations this goes straight on top in my view.

We are now getting to the really exciting part of the winter season SMD at Talitha and BFF over at Theta West.

I note the comments that you don't get poor taking a profit but would say if SMD and BFF come in to the numbers previously talked about by Pantheon all those setting the bar at £2 will be gifting their shares away.

AIMHO
GLA
BTG