All post are my opinion. Do your own dd.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Theta West...Wowzer
http://pantheonresources.com/about-pantheon/projects/theta-west
GLTA
$PTHRF
Pantheon Resources plc
Confirmation of Upcoming Webinar
https://polaris.brighterir.com/public/pantheon_resources/news/rns/story/ry93l8x
Pantheon Resources plc ("Pantheon" or "the Company"), the AIM-quoted oil and gas company with a 100% working interest in all of its oil projects spanning c. 153,000 acres adjacent and near to transportation and pipeline infrastructure on the Alaska North Slope, confirms that management will be hosting a Shareholder Presentation and Q&A session ("Webinar") at 5:30pm British Summer Time on Tuesday 26 April 2022, which will be open to all shareholders and interested parties.
In this Webinar the management team will discuss the outcomes and conclusions from the highly successful Theta West and Talitha #A drilling and testing operations this season, implications for future project definition and development, as well as next steps in the operational programme including an insight into the Alkaid #2 well planned for July 2022.
GLTA
$PTHRF
Watch out Troy I think this cat knows a little something about Pawn Passe and she's leading with the Queens Gambit...Shrewd!
https://twitter.com/TheMonetaryMan
GLTA
Learn to keep your head up through the tough and be excited to reap all of the rewards.
Stay determined and keep a positive mindset!
https://twitter.com/TheMonetaryMan
GLTA
$BOPO soon to be $HYFI
Troy with Rafael Ben Shaya, Chairman of WPP Energy in Geneva.
https://twitter.com/TheMonetaryMan
GLTA
$BOPO = $HYFI
The Monetary Man (Troy) - WPP ENERGY - Korea H2
#WPPEnergy #Hydrogen https://t.co/Py94rZP8eA
— Troy E. MacDonald (@TheMonetaryMan) April 7, 2022
$HYFI not even out of the dugout and swinging for the fences! $HYFI is going Hollywood quick!
https://www.sanctumstudios.net/
GLTA
$BOPO soon to be $HYFI
Bring it Troy!
Great opportunities rarely present themselves, they must be created, sometimes from scratch.
— Troy E. MacDonald (@TheMonetaryMan) April 3, 2022
Troy has been busy... I like this one.
Meeting with government officials from the Dominican Republic Embassy in Italy was an incredible experience. pic.twitter.com/RWR1YbwD13
— Troy E. MacDonald (@TheMonetaryMan) April 4, 2022
For those of you still on the sidelines.
“You miss 100% of the shots you don’t take.”–Wayne Gretzky#waynegretzky #success pic.twitter.com/rPpn5senHz
— Troy E. MacDonald (@TheMonetaryMan) April 5, 2022
Pantheon Resources shares are hot commodities as the FTSE AIM oil exploration company enjoys significant initial success at its North Alaska projects.
https://www.ig.com/uk/news-and-trade-ideas/pantheon-resources-shares-rise-another-7--as-optimism-grows-220405
GLTA
$PTHRF
Great New Video!
$PTHRF 100% Buy Rating and looking really good!
https://www.barchart.com/stocks/quotes/PTHRF/opinion
GLTA
$PTHRF
$PTHRF / $PANR Conor Maguire Value Situations (GOOD READ)
https://valuesits.substack.com/p/q1-2022-situation-review?s=w
PTHRF/PANR continues to progress through its 2022 drilling campaign and during Q1 provided a series of positive updates to the market that I’ve previously commented on (here, here, here and here). Most recently, PTHRF/PANR published its interim (half-year) results on the final day of the quarter last week which did not contain any material new information following the recent updates.
PTHRF/PANR has made significant progress towards unlocking the value of its enormous oil resource of ~17 billion+ BO on the North Slope of Alaska over the past 4-5 months, with key takeaways being that the $96m capital raise in December has de-risked the equity and likely fully funded the company to an exit/liquidity event, while the Winter 2022 campaign achieved the pre-drilling objectives in proving the presence and movability of high quality oil, with the scale of the resource possibly exceeding management’s estimates (management will be providing updated estimates in due course).
In summary, PTHRF/PANR is on track to unlock one of the largest oil discoveries since the 1960’s, but remains priced like an option despite the proving of resources to date. At the current enterprise value PANR’s estimated recoverable reserves of ~2.2bn BO (which is conservative) are valued at just $0.35/barrel - recall that this compares to a value of $3.10/barrel for Oil Search’s acquisition of the Pikka-Horsehoe oil assets back in 2017 when the oil price was ~$50 - $60/barrel. Against the current backdrop of geopolitical risk and high (and likely persistent) inflation, I’d argue PANR’s assets are worth comfortably more than $3.10/barrel now.
Indeed, management estimate that on an industry standard NPV10 basis assuming a $90 oil price, the Alkaid Deep asset is worth $13.60/barrel, while the Alkaid Shallow horizon is worth $10.60/barrel - together these two assets comprise ~481m BO recoverable of PANR’s total of ~2.2bn+ BO recoverable and so it should be clear that in applying a similar NPV to the enormous Theta West asset (estimated at ~1.4bn BO recoverable) there is substantial upside to PANR’s equity value today.
Management will host a webinar in late April that will provide greater detail and their conclusions following the recent drilling and testing campaign. I remain very positive on PANR’s prospects and the likelihood of further substantial upside ahead.
GLTA
$PTHRF
OIL IS FLOWING! THAT'S FOR SURE!
GLTA
$PTHRF
Petroleum News: Week of April 3, 2022
Pantheon pleased with 57 bpd at
Theta West 1 well; Alkaid 2 next
https://www.petroleumnews.com/pdfarch/470555294.pdf#page=1
GLTA
$PTHRF
I'm picking up some cherries too.
GLTA
$BOPO soon to be $HYFI
"Our drilling & testing has yielded results we are incredibly proud of...We achieved what we set out to do - namely to confirm the presence and movability of oil in our targeted horizons."
--Jay Cheatham, Pantheon CEO
"Our drilling & testing has yielded results we are incredibly proud of...We achieved what we set out to do - namely to confirm the presence and movability of oil in our targeted horizons."
— Pantheon Resources (@PantheonResour1) March 31, 2022
--Jay Cheatham, Pantheon CEOhttps://t.co/HJbaqgY8bV#akrdc #PANR #oil $PANR $PTHRF $pthrf pic.twitter.com/35L6C1nmdC
Testing Operations at Talitha #A
In January 2022 the Company commenced testing operations at Talitha #A, starting from the lowest formation, the Lower Basin Floor Fan, before proceeding sequentially to the two shallower Slope Fans and the Shelf Margin Deltaic horizons.
In February 2022 the Company announced that testing operations had been completed on the Lower Basin Floor Fan ("BFF"), a Brookian aged horizon. Three separate 10 feet ("ft") intervals were perforated over 370 ft out of 600 ft of gross section, at 9405 to 9415 ft, 9205 to 9215 ft and 9045 to 9055 ft.
These three intervals were individually stimulated and flow tested, producing high quality c. 35 to 39 degree API oil and averaging 73 barrels of oil per day ("BOPD") over a three day test period.
https://polaris.brighterir.com/public/pantheon_resources/news/rns/story/rmz85vw
GLTA
$PTHRF
UPDATE -
https://polaris.brighterir.com/public/pantheon_resources/news/rns/story/rmz85vw
Pantheon intends to host a webinar in late April to discuss in greater detail the conclusions of what has been a period of great achievement for the Company. Immediately thereafter the Company will be gearing up for Alkaid #2, intended to spud in July 2022 adjacent to the Dalton Highway and Trans Alaska Pipeline System.
GLTA
$PTHRF
Pantheon Resources looks forward to horizontal well testing after winter disruption
“We will put it on a long-term test and we will truck the oil up the Dalton Highway"
https://www.proactiveinvestors.com/companies/news/978299/pantheon-resources-looks-forward-to-horizontal-well-testing-after-winter-disruption-978299.html
GLTA
$PTHRF
Why the Pantheon Resources (PANR/PTHRF) share price may just keep going higher
https://uk.finance.yahoo.com/news/why-pantheon-resources-panr-share-100540905.html
GLTA
$PTHRF
NEW VIDEO UPDATE>
Technical Director Bob Rosenthal
Holding and waiting patience pays. $HYFI is going to be huge!
GLTA
$BOPO soon to be $HYFI
The Theta West LBFF has now been proven as an extensive oil reservoir that Pantheon can image and map with high confidence on its proprietary 3D seismic data. As for all new oilfield discoveries, ultimate commerciality will require long term production testing.
https://polaris.brighterir.com/public/pantheon_resources/news/rns/story/x8k9g5x
GLTA
$PTHRF
Read whole thread.
Looking ahead for #PantheonResources; although I expect gradual SP movement trending upward as investors disseminate/understand the latest RNS(see end of thread), below I list potential announcements/events which could trigger share price movement... $PANR #PANR $PTHRF #PTHRF pic.twitter.com/H15Lq7MVZT
— Diego Marchetti (@diegodoesdo) March 24, 2022
Bob Rosenthal, Technical Director, said: "The Theta West result and testing operations at Talitha #A have confirmed our geologic model and we are now on the path to unlocking an enormous basin play. As previously announced, we estimate the Theta West resource is in excess of a billion barrels of recoverable oil and after encountering better reservoir parameters in a 950 ft oil column, we expect this number to potentially increase."
"All these flow tests were designed to prove oil quality and deliverability in a vertical well. Our reservoir engineers will be able to model the potential flow rates from specifically designed horizontal production wells, which is now industry standard practice on the North Slope. With the oil discovered in the Shelf Margin Deltaic and Slope Fan System at Talitha, the Brookian section at Alkaid, and the LBFF at Theta West, Pantheon has an opportunity to develop a number of large, discreet oil accumulations in an established oil province adjoining export infrastructure, which we believe is unique. What a great season this has been. We intend to host a Webinar in the coming weeks to share our results and will provide details in due course."
GLTA
$PTHRF
Testing of the Lower Basin Floor Fan ("LBFF") at the Theta West #1 location has commenced with the well flowing high quality oil to surface which the Company believes supports, and likely exceeds, its pre-drill resource estimates of 1.2 billion barrels of oil (recoverable). As with previous testing operations on the North Slope, the primary objectives of the LBFF test was (a) to confirm oil quality, (b) to confirm oil movability, and (c) to confirm reservoir deliverability. All of these objectives were successfully achieved in this initial testing operation.
GLTA
$PTHRF
Timing could be perfect for Pantheon Resources Plc to unearth billion barrel discoveries in Alaska
https://www.proactiveinvestors.co.uk/companies/news/977772/timing-could-be-perfect-for-pantheon-resources-plc-to-unearth-billion-barrel-discoveries-in-alaska-977772.html?viewSource=TwitterUK
GLTA
$PTHRF
Theta West #1 Testing Update
https://polaris.brighterir.com/public/pantheon_resources/news/rns/story/x8k9g5x
Testing of the Lower Basin Floor Fan ("LBFF") at the Theta West #1 location has commenced with the well flowing high quality oil to surface which the Company believes supports, and likely exceeds, its pre-drill resource estimates of 1.2 billion barrels of oil (recoverable). As with previous testing operations on the North Slope, the primary objectives of the LBFF test was (a) to confirm oil quality, (b) to confirm oil movability, and (c) to confirm reservoir deliverability. All of these objectives were successfully achieved in this initial testing operation. The Company has now suspended testing of the LBFF formation due to the onset of a severe storm in the area.
After the initial encouraging oil flow rates, the Theta West #1 well was shut in due to the arrival of the storm. The well flowed high quality, light 35.5-38.5 degree API gravity oil at rates that averaged over 57 barrels of oil per day ("BOPD") with peak rates exceeding 100 BOPD over 2.5 days. Over the final day prior to shut-in the well was averaging approximately 59 BOPD. Significantly, this rate meets the Company's pre-drill expectations, confirms the presence, quality, and mobility of light sweet crude oil. Testing operations are now suspended due to the extreme weather, with a possibility that testing may resume if the conditions improve before the conclusion of the Arctic operating season.
Theta West #1 encountered 950 feet ("ft") of oil in the LBFF of which only three small sections of this large zone were tested. The three, 10 ft perforations were conducted at the following depths: 8,065 - 8,075ft, 7,745 - 7,755 ft and 7,595 -7,605 ft, which were all successfully stimulated and comingled into one test across these zones. Approximately 40% of the testing fluid was recovered before testing was suspended. The ultimate flow potential is better assessed after recovery of a greater portion of the testing fluid, which was not possible in this case due to bad weather halting operations in the area. Importantly, the results confirm the extension of the oil accumulation over a 10.5 mile distance from Talitha #A to Theta West.
The Theta West LBFF has now been proven as an extensive oil reservoir that Pantheon can image and map with high confidence on its proprietary 3D seismic data. As for all new oilfield discoveries, ultimate commerciality will require long term production testing.
Jay Cheatham, CEO, said: "As was the case with our testing operation on the Shelf Margin Deltaic at Talitha, extreme weather conditions have interrupted testing Theta West. Crucially however, we have collected enough data to confirm our expectations that we have discovered, and now appraised, an extensive resource which we believe meets or exceeds our pre-drill estimates."
"We are very excited by this result at Theta West. This well is a successful 10.5 mile step-out from the LBFF oil bearing interval at Talitha. The test result confirms a vast oil resource and also confirms our geologic model. Its proximity to infrastructure gives Pantheon a strategic advantage over other greenfield projects."
"After confirming the oil resource over this large area, our focus will now shift to proving the deliverability of production wells which will commence with the spudding of Alkaid #2 horizontal well, estimated for July 2022. By utilizing a gravel pad immediately adjacent to the Dalton Highway, Pantheon will operate without being limited to winter operations. This allows for a horizontal well with appropriate stimulation, long-term flow testing and, if successful, oil sales. We are confident of deliverability and excited for the next step in our drilling programme."
"I want to congratulate the entire team for performing simultaneous operations in this severe environment. This is a noteworthy accomplishment for any operator on the North Slope. I remind shareholders that we have a 100% working interest in all of our projects which are also located onshore USA, in an area of low geopolitical and sovereign risk; something that is of great importance in the context of recent global events."
Bob Rosenthal, Technical Director, said: "The Theta West result and testing operations at Talitha #A have confirmed our geologic model and we are now on the path to unlocking an enormous basin play. As previously announced, we estimate the Theta West resource is in excess of a billion barrels of recoverable oil and after encountering better reservoir parameters in a 950 ft oil column, we expect this number to potentially increase."
GLTA
$PTHRF
Click on image then use arrows.
$EEENF $PANR $PTHRF
— UFO Pilot (@GeodesRock49) March 22, 2022
✅TALITHA "A" DISCOVERY WELL - MAJOR DISCOVERY WITH POTENTIAL FOR OVER 1 BILLION BBLS OF RECOVERABLE OIL (Contingent Resource(1) +
✅Theta West alone estimated to contain 12 billion bbl OIP and 1.4 billion bbl Recoverable Resource(1) pic.twitter.com/5Vuq15YMaa
WOOOOOO! https://tenor.com/view/ric-flair-woo-excited-pumped-gif-9569535
GLTA
$PTHRF
Maybe?... check out StockRocket's latest tweet.
$BOPO New hire on HYFI exchange… Message from Ceo minutes ago. pic.twitter.com/Okyg9ds5Hl
— stockrocket1 (@StockRocket1) March 21, 2022
Speaking about food...lol
Hard work makes for hungry workers. This large plate of “beige-ness”, we’re assured, was supplemented by a healthy plate of greens! #Alaska #beige $PANR $PTHRF pic.twitter.com/5EIVqxS8Dc
— Pantheon Resources (@PantheonResour1) March 18, 2022
Small bite of the elephant today... I'll take it but "more to come."
GLTA
$PTHRF
$HYFI, think scaled down version of the NYSE minus all the criminality.
GLTA
$BOPO soon to be $HYFI