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PTHRF,,,looking good today
PTHRF,, ant to have the LNG pipeline get going,,,
PTHRF,,,maybe 3 yr to finish once started
PTHRF,,bet of all,, no finance problem,,,Mr Dunleavy says
“Capital is not a problem,” he told fDi on the sidelines of the SelectUSA Investment Summit on May 12. “There’s plenty of capital around the world to be deployed in big, long-term energy projects. Asian capital, Emirati capital, American capital.”
He added that a more preliminary issue is securing off-take agreements to show the project’s viability. Deals with Asian buyers will be signed “hopefully in the next few months”, he said, once New York-based Glenfarne, the project developer, updates the front-end engineering design for the pipeline. He then expects the firm to reach “a final investment decision fast”.
Alaska currently exports no LNG, but the North Slope has proven reserves of 35 trillion cubic feet. It is targeting Asian countries across the Pacific Ocean due to their relative proximity and desire to diversify LNG import sources.
Mr Dunleavy visited Japan and South Korea in March to promote the project, and said a contingent from Thailand, Japan and Korea visited Alaska “for several days” last week to discuss investment and off-take agreements.
“Taiwan is very interested in investing and off-taking … up to 6 million tonnes a year,” he said, noting that would be the largest LNG off-take agreement ever that the government is aware of. The project’s total export capacity would be 20 million tonnes per year.
thinking about flying up there and do an on site inspection. maybe make recommendation. want to go ??
PTHRF,,,and like a rubber ball, it'll come bouncing back again,,,
I agree, o/s little high,,, but long term for me, long hold
PTHRF,,,creeping up,, sneeky pps
PTHRF,,, I like todays opening
are you still osberving ? it is low pps again.. may be last time this low
Definitely a buying opportunity.
GLTA
$PTHRF PTHRF $PTHRF
PTHRF,,,lotta big buys and price don't go up,,,MM's are rigging price for loading,,,,,
PTHRF,,,today is a good day
PTHRF,, nice uptick on pps today,,
PTHRF,,, pretty quiet here on the board,, nice uptick today
Copied from the UK Advfn Pantheon Guild with thanks to swendab1 abd sanchee1.
"swendab130 Apr '25 - 07:09 - 40552 of 40552
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Here’s an excellent explanation of the “increased confidence from the co” after the first Megrez test from Sanchee over on the Guild.I hope all people who don’t / can’t access that forum benefit from this fantastic post
1. Resistivity and Salinity: Resistivity logs measure how much a rock formation resists the flow of electricity. Hydrocarbons are generally poor conductors of electricity (high resistivity), while water, especially salty water, is a good conductor (low resistivity). The salt in water dissolves into ions and these ions are what carry the electrical current. Therefore, yes, salt dissolved in water is a good conductor of electricity. The higher the salinity the lower the resistivity of the water.
2. The Initial Assumption and the TS-1 Result: Initially, Pantheon had to make an assumption about the likely salinity of the formation water in their log calibration. If this assumed salinity is higher than the actual salinity, it affects the calculation of water saturation.A higher assumed salinity in the water makes the water appear less resistive than it is if the actual salinity is lower. When they ran the logs with the higher assumed salinity, the resistivity readings in TS-1 led them to calculate a lower water saturation, suggesting the presence of mobile oil. However, when they flow tested TS-1, they produced high volumes of water with lower salinity than initially assumed, and no mobile oil.
3. The "Known Unknown" and Recalibration: The actual, lower salinity in TS-1 was a "known unknown" in the exploration process – something they knew could vary and would need to be confirmed with real data. The TS-1 flow test provided that crucial data point: the actual reservoir water salinity in that zone.
4. Correcting the Logs: With the measured lower salinity from TS-1, Pantheon was able to recalibrate their logs for all the zones. Since lower salinity water is more resistive than higher salinity water, using the correct lower salinity in the calculations means that a given resistivity reading now indicates a higher water saturation than it did with the initially assumed higher salinity. In simpler terms, less salty water looks more like oil on a resistivity log if you assume it's saltier than it is.
5. Confidence in the Other Zones: The key takeaway is this: EVEN AFTER recalibrating the logs with the actual lower salinity from TS-1 (which makes it "harsher" to interpret a zone as oil-bearing based on resistivity alone), the log analysis for the five shallower zones STILL indicates the presence of mobile oil. The water saturations calculated using the correct salinity are STILL below the threshold where water would be the primary mobile fluid.
6. Corroboration from Updated Modeling and RST Logs: Furthermore, the new data point of actual salinity allowed Pantheon to update their geological and petrophysical models. This updated modeling now correctly shows that the water saturation in TS-1 was indeed too high for mobile oil to flow, explaining the test result. Crucially, this updated modeling also corroborates the log interpretations for the five shallower zones, supporting the presence of mobile hydrocarbons. Additionally, they have utilized the salinity data as a calibration point for RST logs, which provide an independent measurement of fluid saturations and also indicate mobile oil in the remaining zones.
In essence, the TS-1 test, while not yielding hydrocarbons from that specific zone, provided vital information (the actual water salinity) that allowed Pantheon to refine their understanding of the reservoir system and improve the accuracy of their log interpretations for all zones. The fact that the recalibrated logs and updated modeling still show promising hydrocarbon saturations in the five shallower zones, corroborated by RST logs, is why Pantheon's confidence in those zones remains.
Therefore, the lower salinity in TS-1, once properly accounted for through log recalibration, strengthens the confidence in the analysis of the other zones because the interpretations for those zones still indicate mobile oil even under the more accurate salinity parameters."
PTHRF,,, let this keep going up,,,
could be lotta better, lots better, so we wait
PTHRF,,, TODAY MY BIRTHDAY,,,, OH MY,,,NEED BIG NEWS
PTHRF,,,looking up ,,,, again,,
PTHRF,, this needs reading and acting on, thanks to "racinglad"
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=176041357
Here's yesterday's post from olderwiser2 on probable timings relating to Pantheon's
in-progress flow testing at its Megrez 1 well.
TS1 (TopSet 1) is the 1st zone now being flow-tested out of the 6 zones that will be flow-tested in this Megrez 1 well eventually I.e. over the next 3 months.
"Olderwiser23 Apr '25 - 23:06 - 9607 of 9608
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The best reference point for information on, the likely plan/timeline on Megrez 1 TS1 flow test, can be found in the 2 RNS's for Alkaid 2, in the SMDB reservoir
hTTps://polaris.brighterir.com/public/pantheon_resources/news/rns/story/rgzzl3w
hTTps://polaris.brighterir.com/public/pantheon_resources/news/rns/story/xqlk1kr
It is reasonable (not 100%) to assume the TS1 frack and flow plan will be similar, as the objectives, and reservoir are similar.
So a few copied (I capitalised the key sections) relevant facts on Alkaid 2 SMDB flow test.
"The programme of operations to achieve the three primary objectives includes:
1.Make well safe in preparation for operations
2.Run a plug to isolate the Alkaid ZOI below the SMD horizon
3.Perforate a limited section to ensure injection pressures are high enough to propagate the frac lobes horizontally as desired
4.Pump 11,000 BBLS OF WATER AND 400,000 LBS OF 100 MESH SAND
5.Flow back slowly to prevent or limit gas flashing in the reservoir (i.e. exsolving from solution in an uncontrolled manner) in order to gather the most representative fluid samples possible
6.Monitor pressures throughout to assess frac efficiency and original reservoir pressure"
Post flow test outcome
"The Company's preliminary estimate of the efficiency of the frac was 50% of theoretical design performance and compares favourably with the calculated frac efficiency of c.20% experienced in the Alkaid-2 operations in the deeper ZOI accumulation last year."
"During the flow test, after recovery of approximately 60% of the frac fluids, the oil rate (separator liquids) ranged from more than 100 barrels of oil per day ("bopd") to 30 bopd (AVERAGING 45 BOPD OVER THE 5 DAYS DURING WHICH OIL WAS RECOVERED). Water cuts were 90% initially, but declined over time as a larger share of the frac fluids was recovered."
"Expectations for flow rates, water saturations and water cuts had led to plans for nitrogen lift (necessary to reduce bottom hole pressure and ensure that fluids were recovered to surface). Encouragingly, nitrogen injection was not required until the LAST SIX DAYS OF THE ELEVEN DAY TEST,"
Summarising the key items
11000bbls of water and 400,000lbs of proppant were injected
It was an 11 day test, inferring mostly frack fluids returned during the first 6 days of flowback
Oil flowed for the last 5 days
A similar time line can be reasonably used for the TS1 flow test, and assuming this feedback from Contrarian8888 on 28th March is correct
“They mentioned that the earliest we could expect to be flow testing is this weekend”
Assume flow testing began on 30th March, and is now 6 days in, which is around the time we can expect flaring to begin. No confirmation of heat via satellite image yet, but it does require the satellite to be in the correct orbit to capture the zone and be a clear sky.
In any case, if a similar plan has been followed, the flow results are probably in the next 5 day window
PS In the SMDB single stimulation stage flow test an average of 45bopd was a great success, (when modeled up to a multistage horizontal production well.)
TS1 is targeting 200bopd from its presumed single stage stimulation"
First post here but I have been a long term holder & always been positive about the assets we have. I follow Pantheon on the Discord & Telegram channels also, as well as the UK ADVFN boards. There is a wealth of great informative posters on these forums & I'm sure much will appear on this BB in due course as Pantheon transitions from Exploration to Production. Great times ahead for all PTHRF / PANR investors in my considered opinion.
GLA
C
PTHRF,,, nice volume, nice close today,, news coming,,good news
PTHRF,, WoodMac noted that the proposed LNG project would dramatically lower long-term prices in the US’ northernmost state. Alaska gas prices would drop to $2.23 per million Btu when the export components are complete and full volumes are achieved. For comparison, the current price of Cook Inlet gas is approximately $8.69 per million Btu.
Pantheon yesterday told investors ( March 24th) it would begin the flow testing of the Megrez-1 well this week. Results from the testing are expected to trigger an upgrade to Pantheon’s already substantial resource base, it said.
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) has confirmed the closing of a previously announced US$35 million convertible bond.
The senior convertible bonds, to mature in March 2028, were issued to Sun Hung Kai & Co. Limited, its affiliates, clients, and funds.
Proceeds will repay a remaining principal balance ($12.25 million) on a prior bond, as well as support the flow testing of the Megrez-1 well, marketing activities as Pantheon seeks strategic investment and general corporate purposes.
PTHRF,, bonding done, LONDON, UNITED KINGDOM / ACCESS Newswire / March 25, 2025 / Pantheon Resources plc ("Pantheon" or the "Company"), the AIM-quoted oil and gas exploration company with 100% working interests in projects spanning 258,000 acres adjacent to transportation and pipeline infrastructure on the Alaska North Slope, is pleased to announce that further to its announcements on 20 and 28 February 2025 that the Company has now entered into the definitive documentation for and has issued US$35 million in aggregate principal amount of senior convertible bonds due March 2028 (the "ConvertibleBonds") to Sun Hung Kai & Co. Limited and its affiliates, clients and funds managed or advised by them. The key terms of the Convertible Bonds, are as set out in the announcement of 20 February 2025.
bonding done https://finance.yahoo.com/news/pantheon-resources-plc-announces-closing-070000899.html?fr=yhssrp_catchall&guce_referrer=aHR0cHM6Ly9zZWFyY2gueWFob28uY29tL3locy9zZWFyY2g_aHNwYXJ0PW1uZXQmaHNpbXA9eWhzLTAwMSZ0eXBlPXR5cGU5MDQzNDkzLXNwYS03OTYtODQ0NjkmcGFyYW0xPTc5NiZwYXJhbTI9ODQ0NjkmcD1wYW50aGVvbituZWFyK2NvbXBsZXRpb24rb2YrYm9uZCtpc3N1ZQ&guce_referrer_sig=AQAAANA3k0wgh5pajhmVGfb-1Se_hEpLDlsFNIK0J--3V__lO9BGCmsv4enXTlOaSVkXZrr8bemTMhnIOppTdjvuEbcJX6KJCemKbEnnV56-6H2jpWHPGPTgEHKh66STR1p3qHjIakQJEkNxPxe-1yX-d4_tQ5D89jJKomkWNot9Zc0f
https://www.pantheonresources.com/
April 2022 Webinar Video : https://www.youtube.com/watch?v=XNJDY-byL44
WH Ireland October 2021 Note on Pantheon : http://argoexploration.com.au/content/wp-content/uploads/2021/10/FN-PANR-121021.pdf
Alaska Oil and Gas Conservation Commission http://aogweb.state.ak.us/Drilling
UK ADVFN thread : https://uk.advfn.com/cmn/fbb/thread.php3?id=50280827
London Pantheon Share Price Chart and Volume
Company Web Site : https://pantheonresources.com/
Pantheon's early activities were focused on exploration/exploitation of oil and gas properties located onshore, East Texas. However, in 2019 the Group strategically acquired 100% of the oil assets of Great Bear Petroleum, a private company which had spent over a decade building a significant portfolio of high quality, high potential properties on the Alaska North Slope, onshore USA. Pantheon has since made a strategic decision to exit entirely its East Texas position in order to concentrate solely on superior opportunity offered by its Alaskan assets.
Over its +10 year history, Great Bear built a significant acreage position on the Alaska North Slope, which Pantheon strongly believed offered enormous size and scale in a world class setting. Importantly, the acreage offered the significant advantage of being located immediately adjacent to the main transport infrastructure for oil in Alaska – the Trans Alaska Pipeline Network (‘TAPS’) and the Dalton Highway (the major supply road built to support the Trans Alaska Pipeline System. Being located in such close proximity to the road and pipeline infrastructure is a key point of differentiation and a key advantage over all other undeveloped properties regionally. These benefits are extremely material and should not be underestimated, potentially saving Pantheon tens or hundreds of millions of dollars of development capex, and should result in savings measured in years, for development time horizons. For example, the Alkaid project, located immediately underneath and adjacent to TAPS, provides the opportunity of year-round activity, rather than only the winter months as is the case for other projects. These are considered to be extremely significant advantages.
Pantheon has over 1,000 square miles of modern, high quality, 3D seismic, most of which is proprietary, and has long life leases (+/- 9 years on average) over 160,000 mostly contiguous acres which offers the potential for billions of barrels of oil. This acreage position has been extensively refined over recent years and today Pantheon has a 100% working interest in all of its projects.. Over US$250m has been invested into the assets to date, providing a rich dataset of information which has been used to gain an in-depth analysis of the sub surface geology, which directors believe offers multi billion barrel of oil potential.
THEIR LOCATION HAS TREMENDOUS ADVANTAGE TIMEWISE ,,,
BACKGROUND FOR THE CEO,,
Mr. John Bishop Cheatham, also known as Jay, has been the Chief Executive Officer of Pantheon Resources since January 25, 2008. Mr. Cheatham served as the Chief Executive Officer and President of Rolls-Royce Power Ventures, where he was responsible for restructuring Rolls-Royce. He served as Chief Executive Officer to the Petrogen Fund. Mr. Cheatham has more than 35 years of experience in all aspects of the petroleum business, has extensive international experience in both oil and natural gas. He also has considerable financial skills in addition to his corporate and operational expertise. He served as Senior Vice President and District Manager (ARCO eastern District), responsible for Gulf Coast US operations and exploration and President of ARCO International, where he was responsible for all exploration and production outside the U.S. Mr. Cheatham also served as Chief Financial Officer of ARCO's US oil and natural gas company (ARCO Oil & Gas). Mr. Cheatham also has considerable financial skills in addition to his corporate and operational expertise. He has been a Director of Pantheon Resources since January 25, 2008.
link showing location etc. on map. The map below is broad area. Pantheon is in far right where it says trans Alaska Pipeline System
https://www.alaskajournal.com/sites/alaskajournal.com/files/pantheon_presentation_january_2020.pdf
ss
1,139,369,391 ,, Feb. 3, 2025
As at 18 May, 2021 allotted, issued and fully paid: 747,002,203 ordinary shares of £0.01 and
and as of 6 may 2022 there are 760,505,988 ordinary shares,, an increase of approx. 13 million
The Company has 747,002,203 ordinary fuly paid shares in issue and 4,803,922 non voting shares. Non voting shares are exercisable into voting shares on a 1:1 basis
The number of ordinary shares not in public hands amount to 6,666,691 equivalent to 0.9% of the issued allotted and fully paid ordinary shares.
This is correct as of 19 January 2022
| Share Warrants(1) | |||
| Exercise price (£) | Number of share warranty exercisable into non-voting shares | Expiry date | Share options as a % of issued shares |
| 0.30 | 9,607,843 | 30 September 2024 |
| Exercise price (£) | Number of share options exercisable into ordinary shares on issue | Expiry Date | Share options as a % of issued shares |
| 0.30 0.27 0.33 | 10,000,000 11,750,000 14,655,000(2)xv | 30 September 2024 6 July 2030 27 January 2031 | 1.63% 1.69% 2.38% |
THE CENTER PORTION IS BROOKIAN FORMATION WHERE PANTHEON HAS LEASES
ALL DOTS ARE HIGHLY PROMISING AREAS FOR ADDITIONAL WELLS AND PRODUCTION
http://aogweb.state.ak.us/Drilling
Basic Petroleum Geology 6:20 in length. https://www.youtube.com/watch?v=pmIkxs6TRao
Elements of Basic Petroleum Geology. 6:04 in length. https://www.youtube.com/watch?v=S5xZf-IDoAg
Hydrocarbon Traps - Basic Definitions. 6:21 in length. https://www.youtube.com/watch?v=FHwt7CDvIT0
Structural Hydrocarbon Traps. 5:40 in length. https://www.youtube.com/watch?v=1FeMmEdZeck
Stratigraphic Hydrocarbon Traps. 7:07 in length. https://www.youtube.com/watch?v=DAl2WfM_NAE
Introduction to Seismic. 5:11 in length. https://www.youtube.com/watch?v=vrj7lulFe_M
AI
