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THEY ARE VERY CONSERVATIVE POSTING NEWS
NON EQUITY FUNDING,,,NO DILUTION,,EVERYONE GOOD WITH THAT ??
is this new ? click & listen,,liking it
3% isn't sh*# at this stage
going up in the morning,lotsa late trades,,all up
Pantheon Resources (PANR.L PTHRF P3K.F) announced results of the updated Independent Expert Report by Netherland Sewell & Associates, which includes approximately 43,000 acres of the leases on which the Company was the successful bidder in December 2023, located on its 100% owned Kodiak Field on the North Slope of Alaska. NSAI's best estimates of Kodiak's contingent recoverable resources now sum to 1.2 billion barrels of marketable liquids (oil, condensate and natural gas liquids) and 5.4 trillion cubic feet of gas, which will be important as additional support for a proposed agreement with Alaska Gasline Development Corp to bring gas to south-central Alaska markets.
looks like more funder shares being sold be over soon
it might have been,,,I had a bad Wednesday lol
when they perforate a HORIZONTAL WELL, it might be a mile long horizontally and they can perforate all of that they need to.
when they were doing there thing earlier, they only perforated 10 feet. how will that multiply out over a long distance,
up until now, they are working results slower so the funding source can work their profit.
sell in to market, crash the pps then then take a long position and away we go.
I hear info they are taking this into long term production. not establish proven numbers and sell out.
the natural gas supply talks with alaska etc..
need to do the do on info. they will have thousands of barrels per day. read the stickies for a start.
that article says GAME CHANGER,,and it will
and those numbers will get bigger
The potential improvement in reservoir quality in the newly acquired acreage underpins a 40% increase in the high estimate of recoverable resources to 2,840 million barrels of marketable liquids and 11.75 trillion cubic feet of natural gas. The Kodiak oil and gas field is currently Pantheon's largest project development candidate, defined by three well penetrations into the Basin Floor Fan structure, which extends over 10 miles from the deepest part of the fan to the 2021 updip Theta West-1 appraisal well. The recent successful lease bids secure the remainder of the accumulation to the northwest and add a significant volume of recoverable oil and gas to the Kodiak field. Pantheon has delineated the full extent of the field through its proprietary 3D seismic, with seismic attributes indicating the presence of light oil across the entirety of the field.
when they become production level instead of exploration, this has a long way to raise pps,
they did flow check to see how much perforation they needed to get cumulative volume.
one 10 foot section is nothing. add up 20 or 30 and you have thousands of gallons flowing
FIRST LIGHT Pantheon Resources (PANR) – Corporate – Kodiak Resource Upgrade Market Cap £320m Share Price 34.25p Netherland Sewell & Associates (“NSA”) has increased its best estimate (2C) resource estimate for Pantheon’s Kodiak field by 25% to 1,208 million barrels of recoverable liquids. The company indicated that the best estimate (2C) contingent gas potential at Kodiak amounts to 5.4 tcf of recoverable gas. This is critical in a context where Pantheon is in discussions with Alaska Gasline Development Corp to monetise the gas via a dedicated gas pipeline to southcentral Alaskan markets. The resource upgrades reflect the newly acquired lease areas, which are updip and contain the Kodiak field’s best reserves in terms of porosity, permeability and ultimately productivity. The company therefore indicated that it intends to focus its future appraisal efforts on the updip, superior (shallower) acreage. WHI View: For a super-giant oil and gas field under appraisal, Kodiak benefits from exceptionally high quality controlling data, namely, three well penetrations (the most recent of which was a very significant step out well that came in on prognosis) and, critically, 3D seismic coverage that eSeis has calibrated to control the stratigraphic extent of the productive reservoir. The point is that there is a high degree of confidence in the NSA estimates and future appraisal results will have direct read-across to a massive scale resource. Scale matters in our opinion. Specifically, scale attracts funding. Scale also presents Kodiak as a means of providing meaningful growth in the context where US shale oil production in the Lower 48 states is stalling. We believe that given the high quality of the Kodiak resource and the very real potential to optimise developmental wells to fully exploit the relatively high natural permeability and porosity of the field, the company will be focusing on the upside case in terms of what is really at stake – a view that we believe is corroborated by our observation that the main US shale plays considerably overdelivered relative to initial expectations. That focuses attention on the 40% uplift to the upside case (3C) recoverable resource estimate of 2,840 million barrels of liquids and 11.75 tcf of natural gas, provided by NSA. The update is positive and provides unequivocal validation of the resource potential of Pantheon’s 100% held Kodiak field from a globally recognised expert, namely, Netherland Sewell & Associates. We remind investors that we have long-believed that the macro context will be determinant for the fortunes of Pantheon and we see that context changing significantly and positively for Pantheon. We highlight rising oil prices and an increasing appreciation of the potential for oil scarcity into the mid-term and long-term, due mainly to the tiring out of US shale oil production in the Lower 48
If I recall correctly, they were doing a short frac run to see how the Well would respond and although they gave guidance for a higher return they hit that gas bubble.
People are starting to wake up to what $PTHRF has here. Everything is looking up.
https://www.sharecast.com/news/aim-bulletin/pantheon-resources-shares-jump-on-updated-independent-report--16570377.html
The AIM-traded firm said the report, conducted by Netherland Sewell & Associates (NSAI), pertained to around 43,000 acres of leases, including those it had secured in December, situated within its 100%-owned Kodiak Field on Alaska's North Slope.
It said NSAI's assessment revealed Kodiak's contingent recoverable resources, comprising marketable liquids - oil, condensate, and natural gas liquids - to amount to 1.2 billion barrels and 5.4 trillion cubic feet of gas, representing NSAI's best estimates.
The updated figures marked a 25% increase from 963 to 1,208 million barrels in recoverable marketable liquids, compared to NSAI's previous 2023 report.
It said the update incorporated around 43,000 acres of expanded acreage, secured through successful lease bids in December.
Moreover, it reflected a higher average recovery rate due to enhanced reservoir properties in the shallower, updip portion of the field obtained through new leases.
Pantheon said Kodiak, characterised as a large basin floor fan accumulation with three well penetrations, had seen recent drilling activities and acreage acquisitions focusing on accessing better reservoir rocks with improved porosity and permeability.
The potential enhancement in reservoir quality within the newly-acquired acreage supported a significant increase of about 40% in the high estimate of recoverable resources to 2,840 million barrels of marketable liquids and 11.75 trillion cubic feet of natural gas.
It said the 5.4 trillion cubic feet of ‘best case’ recoverable gas served as a crucial factor supporting a proposed agreement with Alaska Gasline Development Corporation (AGDC), aimed at facilitating gas transportation to southcentral Alaska markets.
“The underpinning of our strategy with the validation provided by NSAI is an important step on the path to our 2028 goal of demonstrating values in the range $5 to $10 per barrel of recoverable resource,” said executive chairman David Hobbs.
“Recent progress towards securing funding, include leveraging our natural gas resources - potentially turning them from a liability to an asset - allows us to move forward with increased confidence.
“I would like to take the opportunity to congratulate Jay and his team on putting the building blocks in place to deliver our ultimate success.”
GLTA
BOPO
PTHRF,,,hoping will close on days high
PTHRF steps being taken to be American Company
PTHRF,,,,already 1.5million shares traded today
PTHRF,, rode to $2dollars before,,,going higher this time
PTHRF,,,good disclosure here,,,frequent news
PTHRF,,,terrific early volume today
PTHRF,,,big gainer,,just starting,,long way to go,,,long way
someone went in for 1million shares
PTHRF,,,volume up today,,,moving nicely
almost 500 trades right now today
my memory says, when so many consecutive buys, the pps is supposed to increase. mm's not following regulations
thinking they, mm's, stalled this to stop a big run.
mmmmm good,,,solid rise and hold today
more on comparisons,,
$PANR share horizons with 88E, and 88E is downdip.. yet, under performance. Well done to the 88E team on advancing their acreage but pantheon is well advanced. A fact that 88e leveraged to get their results on their most recent tests. Markets will eventually arbitrage value… pic.twitter.com/CdmqsvwTra
— Diego Marchetti (@diegodoesdo) April 2, 2024
PTHRF,,,looking better and better
In time this will be another revenue stream for Pantheon.
GLTA
$PTHRF
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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
