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maybe ConocoPhilips will let PTHRF use that "BEAST" drilling rig
#PANR #PTHRF #88E #EEENF @tedcross There are Horizontal wells and then there are horizontal wells. "'The Beast' rig sets a drilling record for ConocoPhillips and cracks open a new reservoir" May 22, 2022 https://t.co/W8In75qT17
— UFO Pilot (@GeodesRock49) December 4, 2023
10,000 BOPD > convert to Gas Injection = 20,000 BOPD pic.twitter.com/IMCIf39CQk
7 Pantheon’s Strategic Plan in Summary1
Objective • Deliver sustainable market recognition of a value of $5 - $10 per barrel
of 1C/1P recoverable resources by end 2028
Goals
• Final Investment Decision (FID) on Ahpun (2025) and Kodiak (2028)
• Positive net operating cashflow to fund future development and
production growth by 2028
Infrastructure Requirements
to Achieve Financial Self-
Sufficiency (Planning Case)
• Up to 30 production & 10 injection wells from Alkaid & Phecda pads
• Post Alkaid-2 successful re-entry, requirement may be reduced
• 20,000 bpd marketable liquids processing capacity
• Hot tap into TAPS main oil line
Key Activity Update
vs Illustrative Timeline
• NSAI analyses ongoing. SLB development planning ongoing.
• December & March Bond payments in cash following $4.15m
placement to long term holders including Pantheon Chairman
• Signed lease on Houston office
• Beginning transition programme to become SOx compliant, ready for
US listing during 1H 2025
PTHRF,,,making shift to long term production
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) CEO Jay Cheatham and Executive Chairman David Hobbs joined Steve Darling from Proactive to provide an update on the company’s strategic direction. The focus is on transitioning from current operations to a manufacturing-style setup, similar to West Texas wells.
Cheatham highlighted the need for long lead time items like frac sand, tubulars, chemicals, and metering equipment for the Trans Alaska pipeline. He also emphasized the complexity of acquiring specialized technical equipment, dispelling the notion of off-the-shelf solutions.
Hobbs, shared with Proactive the meticulous process of building controls, governance, and ensuring Sarbanes Oxley compliance.
Hobbs outlined plans for a US exchange listing by mid-2025, with funding discussions underway to minimize equity issuance. He addressed the conservative estimate of needing $300 million in capital, emphasizing the focus on risk management and portfolio optimization.
He also pointed out that self-sustainability is a common approach in the industry and stressed the company's commitment to meticulous groundwork.
Looking ahead to 2024, the executives anticipate continued intensive efforts to secure necessary components and engage with vendors, encouraging stakeholders to explore the detailed information on the company's website.
PTHRF,,starting to climb,,let'r rip
PTHRF,,,moving nicely this morning...
RBOB GASOLINE NEAR MONTH / this is + tax. look it up for your state.
$2.18 $0.08 3.80% as of today 11/17/2023
attention is in the fall,,,news coming
Eric Nuttall,,,,The past week has been an unnecessary reminder that there exists 2 markets for oil: the physical and the financial. While the physical market has remained relatively healthy, the financial demand for oil has collapsed. The resumption of large stockdraws should help sentiment in… https://pic.twitter.com/9sXSF3ReQL
Recent post from Scot126
$panr $pthrf #panr
Pantheon modestly omits to mention Exec Chairman bought another million shares today. Brings David Hobbs' holding to 3.7m shares, all paid in cash, no gifts.
Shares are massively undervalued using all traditional E&P metrics.
Need more of this.
this is PTHRF board,,stop pumping other oil companies
what is gas price in your area ??
According to GasBuddy, “At $3.44 per gallon, the national average price of gas now stands at its lowest since March 28, and is projected to drop another 10 to 20 cents by the end of the year, while drivers in 33 states can now find at least one gas station at $2.99/gal or lower.”
ConocoPhillips Should Buy an Oil Stock After Chevron-Hess Deal.
https://www.msn.com/en-us/money/markets/conocophillips-should-buy-an-oil-stock-after-chevron-hess-deal-here-are-2-targets/ar-AA1iKlsy
the price of gallon of ethanol blended,,$2.28 ,,today plus tax
"Who’s next"???
Chevron and Exxon May Have Kicked Off an Oil Land Grab
>>> https://www.msn.com/en-us/money/markets/chevron-and-exxon-may-have-kicked-off-an-oil-land-grab/ar-AA1iHtiF?ocid=msedgdhp&pc=U531&cvid=f5318fab558f401c9e8e7f6547d7dc10&ei=15 <<<
GLTA
PTHRF
#PANR Presentation is up. 🥂 https://t.co/EByKms44sn
— Adz (@Adz_UK22) October 19, 2023
(1/5) $PANR has completed testing operations at Alkaid-2, following the re-entry of the well and flow test of the SMD. The Company has successfully achieved the objectives outlined at the start of the campaign, including validating the revised frac design: https://tinyurl.com/yquc6zdz
(2/5) #PANR estimates that the efficiency of the frac was 50% of the theoretical design performance, compared with the calculated frac efficiency of c. 20% in operations at the deeper Alkaid-2 ZOI last year. The improvement is due to several key changes to the frac design
US oil production hits all-time high, conflicting with efforts to cut heat-trapping pollution
https://abcnews.go.com/US/wireStory/us-oil-production-hits-time-high-conflicting-efforts-103965217
If we used this approach first time in Alkaid we wouldn't be oversold right now.
GLTA
PTHRF
Looking good.
GLTA
PTHRF
all testing proved very good,,,now moving forward
latest on pthrf well tests,,, https://twitter.com/GeodesRock49/status/1715049250009010639
another good article,,, AUSTIN- The Railroad Commission of Texas has submitted comments in response to the National Marine Fisheries Service (Service) proposal to designate a huge swath of waters in the Gulf of Mexico – approximately 28,270 square miles – as expanded critical habitat for the Rice’s whale without sufficient data.
https://www.oilandgas360.com/expansion-of-rice-whales-critical-habitat-in-gulf-of-mexico-to-negatively-impact-oil-gas-operations-texas-regulator-warns/#utm_source=rss&utm_medium=rss&utm_campaign=expansion-of-rice-whales-critical-habitat-in-gulf-of-mexico-to-negatively-impact-oil-gas-operations-texas-regulator-warns
tiny volume today,,,,need good news
MM's are ugly. all trades buys pps goes nowhere
PTHRF,,,WAITING,,,WAITING,,,ROCK ME TO HEAVEN
PTHRF,,,THIS STOCK SHOULD BE ROCKING,,,IT WILL
WH Ireland @PantheonResour1 (This is the right posture the pthrf has taken & should have done the same first time in...Thanks David Hobbs!) Market Summary > @PantheonResour1
LON #PANR
32.41 GBX+3.63 (12.62%)⤴️today
Day High 32.58
9 Oct, 11:05 BST • Disclaimer
WH Ireland @PantheonResour1 Corporate – Re-Entry of Alkaid-2 #PANR announced that it has commenced re-entry operations at the Alkaid-2 well. The company… https://t.co/iJ2lEyFT1I
Corporate – Re-Entry of Alkaid-2 #PANR announced that it has commenced re-entry operations at the Alkaid-2 well. The company stated that the intention of the re-entry is to gather data relevant to optimise frack engineering – not to maximise production.
The re-entry will involve the isolation and fracking of the SMD horizon of the Aphun field (above the previously tested Zone of Interest; on the edge of the SMD reservoir).
WHI View: The re-entry of Alkaid-2 represents an important step in the iterative process of optimising well completion and frack design. The company has clearly reoriented its focus and internal resources to the forthcoming process of completion engineering.
As Pantheon itself has reiterated, we remind investors that this is a process for which Alkaid-2’s re-entry will add valuable data and insights. While the company focuses on the granularity of maximizing the potential of its 100% held elephantine scale assets, we remind investors to keep a broad macro perspective.
Oil prices are rising and the market is increasingly aware of the long-term structural support for fossil fuels.
Moreover, we observe that industry leaders are increasingly suggesting that US shale oil growth in the Lower 48 will be increasingly challenged relative to prior years. In our opinion, this confluence of developments really focuses attention on the untapped potential of Alaska.
We intend to provide the market with a comprehensive update note on Pantheon Resources in order to keep pace with the many significant developments announced by the company and its catalyst-rich outlook. Broadly, we reiterate our view that we believe the outlook for Pantheon Resources is increasingly positive, supported by both company-specific and macro developments.
GLTA
PTHRF
Alkaid-2 site from above $PANR announces the commencement of operations for the re-entry at Alkaid-2, to assess the Shelf Margin Deltaic #PANR seeking to harvest the best possible data rather than maximise flow rates.
@PantheonResour1 Alkaid-2 site from above $PANR announces the commencement of operations for the re-entry at Alkaid-2, to assess the Shelf Margin Deltaic #PANR seeking to harvest the best possible data rather than maximise flow rates.pic.twitter.com/iyaWbZ4G4P https://t.co/dmtrbUb5cf
— Share_Talk ™ (@Share_Talk) October 5, 2023
we could add maybe 0.50cents making 3.50,,above that is stealing imo
with RBOB at 2.20 plus tax,,$3,, above that is ripoff profit
the RBOB price is plus state & federal taxes
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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 all the black lines (roads) cross
https://www.alaskajournal.com/sites/alaskajournal.com/files/pantheon_presentation_january_2020.pdf
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
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