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Pantheon Resources - PANR

Proselenes
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Re: Pantheon Resources - PANR

#469697

Postby Proselenes » January 2nd, 2022, 12:28 pm

Image

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Re: Pantheon Resources - PANR

#470048

Postby Proselenes » January 3rd, 2022, 10:55 pm

Rig move is on.


Large drill rig being moved on Dalton Hwy from Deadhorse to mile 386.7 starting 12:15 a.m. January 4.

The move is expected to last 30-36 hours. A road closure will be in effect during this time. The rig will be stopped in 2 locations to allow traffic to pass. Locations estimated times are: • Pullout at mile 412.7 – 6 AM, Tues. Jan 4 • Pullout at mile 403.7 – 3 PM, Tues. Jan 4 • Open road at mile 386.7 – 8 AM Wed. Jan 5

Questions or more information: Cody Oatman, Cruz Construction, coatman@cruzconstruct.com, 907-320-6046

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Re: Pantheon Resources - PANR

#470704

Postby Proselenes » January 6th, 2022, 5:22 am


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Re: Pantheon Resources - PANR

#472250

Postby Proselenes » January 12th, 2022, 3:18 am

Good news for #PANR No direct effect on their areas, but it reduces the area's available which therefore makes Pantheon areas more valuable in the future.

https://oilprice.com/Energy/Energy-Gene ... laska.html

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Proselenes
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Re: Pantheon Resources - PANR

#472298

Postby Proselenes » January 12th, 2022, 9:32 am


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Re: Pantheon Resources - PANR

#472329

Postby Proselenes » January 12th, 2022, 11:08 am


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Re: Pantheon Resources - PANR

#472985

Postby Proselenes » January 14th, 2022, 9:11 am

Canaccord raises #PANR target price to 220 pence.

https://etfdailynews.com/news/pantheon- ... ity-group/

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Re: Pantheon Resources - PANR

#473757

Postby Proselenes » January 17th, 2022, 11:14 am

17th January operations update video :

https://www.youtube.com/watch?v=FtcuTMZRTx0

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Re: Pantheon Resources - PANR

#474252

Postby Proselenes » January 18th, 2022, 11:18 pm

New interview with CEO and the Technical Director

https://www.youtube.com/watch?v=ZqDEdHYo58E

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Re: Pantheon Resources - PANR

#474621

Postby Proselenes » January 20th, 2022, 5:07 am

Nice write up on #PANR

https://www.alaskajournal.com/2022-01-1 ... time-slope

Next week Monday is the webinar, which will be most interesting.

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Re: Pantheon Resources - PANR

#475932

Postby Proselenes » January 25th, 2022, 9:58 am


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Re: Pantheon Resources - PANR

#477395

Postby Proselenes » January 31st, 2022, 3:05 am

The company has defined their expectations in the Webinar. Which basically boils down to proving some moveable oil in any zone, with a target of 50 to 60 bopd from the upper SMD after a single small frac.

So if any zone has movable oil this is successful, and for the SMD (ONLY) we are looking for say 50bopd from the single frac in the vertical.

Expectation is :

BFF : (Lower BFF) Looking only for some moveable oil - no defined flow rate - any flow is good no matter how small at Talitha. The real Upper BFF flow test will be done at Theta West well if the Upper BFF is proven there. So here success is "Good Quality Oil that is moveable".

SFS : Looking only for some moveable oil - no defined flow rate - any flow is good no matter how small at Talitha.So here success is "Good Quality Oil that is moveable".

SMD : Primary Zone of Interest and Testing. Single small frac to be done. Looking for 50 bopd flow or higher from this small frac in vertical.


Talitha BFF testing for moveable high quality oil.
Talitha SFS testing for moveable high quality oil
Talitha SMD testing for flow rates from small single frac in vertical (50bopd+)

will be followed by

Theta West BFF testing for flow rates from frac in vertical well.

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Re: Pantheon Resources - PANR

#477670

Postby Proselenes » February 1st, 2022, 1:01 am

For Talitha, the SMD testing is the zone of utmost importance. Its ramifications for the SMD, which appears to go all the way to Alkaid and be a massive reservoir, are the most signifcant test at Talitha.

Good detail in the WHI Oct-21 write up in the link below :

https://gofile.io/d/WTfYgh

Sadly, its also the last zone to be tested. So we have to test the BFF and SFS first at Talitha, and both of these tests are purely looking for high quality oil that is moveable. No flow rates.....just proving good high quality oil that may be recovered at better locations (like Theta West which is the big BFF test).

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Re: Pantheon Resources - PANR

#479048

Postby Proselenes » February 7th, 2022, 7:07 am

Wonderful news on the BFF testing. Better than expected for this distal location.

Theta West which is targetting the BFF at a good updip location is now very exciting.....news on that soon too.

Well done the PANR team with the BFF testing. Next up at Talitha is SFS testing then SMD testnig.

https://www.londonstockexchange.com/new ... e/15317317

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Re: Pantheon Resources - PANR

#479057

Postby Proselenes » February 7th, 2022, 8:38 am

WH Ireland view on todays news :

Pantheon Resources (PANR) – Corporate – Flow Testing of Lower Basin Floor Fan

Pantheon Resources announced that the Lower Basin Floor Fan has been flow tested at the Talitha #A well at an average rate of 73 b/d over a three day test period. The oil is of a 35-39° API weight. The well was tested over three intervals (10 feet perforations) that were individually fractured and tested. The company indicated that the well’s bottom hole pressure was near to reservoir pressure on the final day of testing.

WHI View: The Talitha #A well location is in a downdip/distal or suboptimal location. The purpose of the test was fundamentally to confirm that the reservoir was productive to the extent that i) the oil was mobile in the reservoir and ii) the downhole reservoir pressure would be sufficient to move the oil up the wellbore. We believe that in respect of those test objectives the test has been an unambiguous success. Intuitively, we believe the absolute value of the flow test – 73b/d – is impressive, as is the minimal pressure drawdown.

The Lower Basin Floor Fan is – by far – the company’s single largest resource, with a best estimate recoverable resource of 1.2 billion barrels of oil. Our success case fair value estimate equates to $4.80/b (after-tax), equating to a value of $5.8 billion. The company indicated that further testing will be required to fully prove up / confirm the resource, albeit, we believe, today’s news represents a significant step forwards.

Today’s news will focus attention on the Theta West #1 well that will be testing the same structure (and the Upper BFF) in an optimal location 10.5 miles to the northeast – a colossal step out well.

Today’s news is truly, in our opinion, a very exciting development and we anticipate a very positive share price reaction. We note that the sector backdrop for the oil & gas sector is exceptionally supportive.

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Re: Pantheon Resources - PANR

#479059

Postby Proselenes » February 7th, 2022, 8:40 am

Canaccord view on todays news :


Very encouraging start to Talitha testing

Canaccord Genuity view

Talitha #A Basin Floor Fan reservoir flows high quality oil

The first result is in from the wide-ranging operations programme on the company's
100% held licences onshore Alaska, and Pantheon has made a very good start. The
first of three planned well tests in the Talitha #A well produced average 73 bopd light oil (over three days) from the Basin Floor Fan (BFF). Pantheon's definition pre-test of success for the BFF, as it is for the upcoming Slope Fans test, was to produce 'moveable, good quality' oil. That has been achieved.

This is very encouraging especially as Talitha #A, a vertical well drilled in Q1 21, was located sub-optimally for BFF evaluation. Further work is required to evaluate the likely productivity from a potential horizontal development well at this location.

The Theta West #1 well, which is specifically targeting the BFF, is being drilled some 10+miles to the north-west of Talitha #A. Pantheon anticipates a much thicker reservoir interval and at a shallower depth at Theta West #1 than at Talitha #A, and that could mean substantially better reservoir parameters.

While this first test result in Talitha #A looks to be a good initial step towards establishing the potential for the commerciality of the BFF in this area, there is still much to be done before that can be confirmed. The next important data point will be results from Theta West #1 which is on track to reach total depth (TD) imminently.

BFF Test details

Zones: Three zones, each of 10 ft thickness within the Lower BFF, over a total gross 370ft vertical section, have been stimulated and flows from each have been commingled.

Results: Over a three-day test period these zones produced 73 bopd light oil (c.35-39 API) with a sustained rate of 40 bopd on the final day. The company believes that the pressure data recorded supports the view that these later flow test rates are indicative of the production potential of this reservoir at this location in a vertical well.

Near term plans

Talitha #A testing: The company plans to test the Slope Fans reservoir next. Oil was identified in this interval and Pantheon intends to stimulate and test across two reservoir zones. We would expect results in the next 10-14 days.

Theta West -1 drilling: Pantheon has stated that the well is expected to reach TD within the next 24 hours or so. Following that we would anticipate a comprehensive electric wireline logging programme to be conducted, with a decision on possible testing to follow.

Valuation, target price and rating

Today's announcement is just the first of a number over the next 6+ months related
to the testing of Talitha #A and the drilling and possible testing of Theta West #1
and Alkaid #2. While it is a good start, there is plenty to do to confirm the scale and potential commerciality of the discoveries made so far. Ideally, the results from the whole programme should be viewed in their totality, but undoubtedly the drilling and possible test results from Theta West #1 will be a key part of the whole 2022 operational plan.

We maintain our 220p target price and our SPECULATIVE BUY rating.

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Re: Pantheon Resources - PANR

#479225

Postby Proselenes » February 7th, 2022, 11:57 pm

Pantheon Resources @PantheonResour1

New video drop tomorrow - titled: Testing at Talitha #A. Premiering at 1030am GMT Tuesday. A must watch.

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Re: Pantheon Resources - PANR

#479255

Postby Proselenes » February 8th, 2022, 10:30 am


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Re: Pantheon Resources - PANR

#479413

Postby Proselenes » February 9th, 2022, 12:10 am

Pantheon flow tested the Lower BFF at Talitha.

Lower BFF at Theta West is expected to be 11 Billion barrels of Oil in Place with a recoverable estimate of 1.2 Billion based on 11% Recovery Factor.

Given the Lower BFF has flowed very well at a distal location in poorer reservoir rock, if Theta West hits pay in the Lower BFF then it should flow well,and the recovery factor should be higher than the current estiamted 11%.

There is an Upper BFF target at Theta West, estimated if its there to be 1.1 Billion barrels of OIP and 210 Million recoverable.

So the key logging data at Theta West to look for is potential pay in the Lower BFF and any potential pay in the bonus zone, the Upper BFF.

If they both come in good we are looking at 1.41 Billion barrels of recoverable oil - however - if they come in very good, and based on Talitha BFF Lower testing, the Recovery Factor may be much higher.......and 1.41 Billion recoverable may turn into double or triple that with testing and confirmation work.

Whilst the downside of failure exists, the probability of success is quite high now........

If the wireline logging results from Theta West are good, then for sure PANR should be breaking though 200p a share and might even touch 250p a share before in depth testing.

I still think Monday next week for wireline logging results, but who knows, might be sooner.

IMO, DYOR !

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Re: Pantheon Resources - PANR

#479634

Postby Proselenes » February 10th, 2022, 4:47 am

In case anyone has not read it, this was an interesting write up on PANR by contrarian888 written in December. Link below to PDF file.

https://gofile.io/d/TlzIRS

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