is...SURFING THE IHUB
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price prediction,,,,,higher
PTHRF announced that it has executed a contract to secure the use of the Nabors 105AC rig to drill the Megrez-1 well in Q4 2024. The company is familiar with the rig, having used it in previous drilling campaigns. Site works for construction of a gravel pad along the west side of the Dalton Highway are expected to commence in September and upon completion of these works the drill rig will be mobilised. The Megrez-1 well is estimated to have a 69% geological chance of success and will target the topset sands in the Ahpun East project area which Pantheon estimates to contain a 2U prospective resource of 609 million barrels of marketable liquids and 3.3 trillion cubic feet of natural gas. The Ahpun East topsets are significantly shallower than the Ahpun western topsets drilled previously and per Jay Cheatham, CEO, the company believes this to be one of the most impactful onshore exploration well being drilled anywhere in the world during 2024
MM's game, is how to they destroy otc companies
patience,,patience,,,
thinking headed up from here
thinking it's coming soon
I'd drop it but don't have it,,wishing both hands
did it bottom,,,AGAIN,,,
oh yeah 15million in one day,,,liking that
they loading at these levels
MM manipulation
Pantheon Resources (PANR.L PTHRF P3K.F), 88E’s next door neighbour in Alaska, announced the results of its fundraise and retail offer, which raised gross proceeds of approximately $29 million before costs at a price of 17p per share. Funds will be applied towards data acquisition, tests of multiple horizons and, in a success case, a possible long term production test at Megrez-1, as well as further development of the company's asset portfolio and general corporate purposes. 22,380,254 new shares also will be issued to the holder of the convertible bond at the issue price pursuant to the bond prepayment of $4.9 million, which reduces the outstanding balance of the convertible bond from $24.5 million to $19.6 million. Additionally, the holder of the convertible bond supported the fundraising through participation in the placing at the issue price. The company now will be able to spud the Megrez-1 well in Q4 this year and to be able to conduct extended testing on that well in a sussess case. Megrez-1 is said to be targeting a 609 million barrel resource, adjacent to pipeline and road infrastructure and analogous to other fields on the Alaska North Slope currently under development
my bet is on quick mover
Another Texas judge passed one against the FTC too. Judge Ryan I believe
of course that goes for all markets. and don't think profitable big companies pa up opportunity anywhere
good to hear that acknowledged for all to read
maybe get several interested
PTHRF,, buy trend looking good thi morning
some have no understanding.. or they wishing for lower cost
stay tuned or ,,keep watching
yep, some, time to time
one administration makes something ok, authorizes projects, next administration shuts them down, after companies have spent Billions.. we have that in the u.s. but very little hit the news.
Alaska production is new opportunity for investors
PTHRF,,Spencer and his IPGL company have increased their total position in Pantheon’s shares from 7.01% to 8.11%.
In the last year the oil and gas group’s shares have been as High as 45.50p and as Low as 10.10p – they are currently trading at 25.00p, valuing the whole company at £240m.
PTHRF,,,WAY WAY UNDERVALUED
944mill shares total...with over 2Billion+ barrels recoverable
trading has changed. one day clearing
bid/ask 14/16
ceo says no more dilution
PTHRF,,PANR,,this from Oilman Jim
Pantheon Resources (PANR.L PTHRF P3K.F) announced results of the recent independent expert report by Cawley Gillespie & Associates. This completes the independent estimates for the company's aggregate resources from the Kodiak field, Ahpun western topsets and Alkaid horizon resulting in totals exceeding 1.5 billion barrels of ANS Crude and 6.5 trillion cubic feet of associated gas. As with Lee Keeling & Associates which recently updated its IER on the Alkaid horizon of the Ahpun field, CGA has evaluated the economics of the best estimate or 2C case. Based on an ANS Crude price of $80 per barrel delivered to the US West Coast, CGA estimates the net present value of the total contingent resources in the western topsets in the Ahpun field using a discount rate of 10% at $1.74 billion. Pantheon states it is targeting final investment decision at the earliest possible date subject to regulatory consents, but in any case to allow first production no later than 2028. Subsequent news was of a $3.36 million private placement to two existing long term shareholders at $0.364 per share.[color=red] The funding strategy was also addressed and the Gas Sales Precedent Agreement is said to open a potential path to funding to long term funding of post Ahpun first investment decision expenditures without further equity dilution.[/b] [/color]In the interim, the company estimates the funding up until the point of Ahpun FID is in the range $60 - $85 million. This includes US IPO preparation costs, hot-tap into the TAPS pipeline and the cost of drilling and testing the planned Megrez-1 well to assess the Ahpun East project area which the company estimates to contain a prospective resource of c. 609 million barrels of marketable liquids. The upper end of the cost range also includes the cost of drilling and testing an additional Ahpun appraisal well if required. Funding options presently under consideration include farm-out, equity, debt, hybrid and a US listing targeted for 2025. Pantheon believes a US listing is an important step into providing greater access to the US institutional investment community, and to enhance market depth and liquidity in the company's shares. I spoke with David Hobbs, Executive Chairman, last week and it sounds like he can pull this off
PANTHEON,,,,not long until profit flow starts, achievements have been done and more coming
PTHRF,,,delivery contract to Alaska AGDC
https://www.research-tree.com/media/pantheon-resources-enters-into-major-gas-sales-agreement-with-agdc-subsidiary/id/20953
PTHRF,,,PANR,,video link with David Hobbs, 11June
https://www.research-tree.com/media/pantheon-resources-enters-into-major-gas-sales-agreement-with-agdc-subsidiary/id/20953
Pantheon Resources announced yesterday (11 June 2024) that Cawley Gillespie & Associates’ Initial 2C Resource Estimate for the Ahpun Topsets amounts to 282 million barrels of recoverable liquids (gross), consisting of 54% oil and 46% natural gas liquids (“NGLs”). Inclusive of 803.5 bcf of natural gas, the total 2C resource estimate for the Ahpun Topsets as estimated by Cawley Gillespie & Associates amounts to 416 million barrels of oil equivalent. We believe that the estimate is of interest in its own right and also because it completes the quantification of the resource estimates for Pantheon Resources’s core assets (Table 1). Therefore, we believe, yesterday’s announcement sets the scene for Pantheon Resources to elaborate a comprehensive developments strategy. Likewise, with this final piece of the puzzle quantified, we are now positioned to assess and provide, in due course, a view on the comprehensive value of Pantheon Resources.
PTHRF,,,PANR’s gas is pipline quality <3% co2 and is ready for wholesale without co2 stripping. It is this that puts PANR gas ahead of all other Nslope producers and puts PANR and the State (AGDC) in a symbiotic relationship.
This is huge commercial advantage over other Nslope producers who in order to qualify for pipeline access have a capital spend in the order of ~10b$ to build a carbon stripping plant. Furthermore PANR’s low co2 gas allows PANR to leverage a cheap gas offering with minimal treatment requirements to the state that actually turns the probability of the pipeline project on its head, with enough margin to get the project funded and built. I have previously posted an economic example (copied below).
Strategically this puts PANR ahead of other n/slope producers as the State needs PANR gas at no more than $1 per mmbtu to get this done. PANR and the State are bound at the hip which elevates PANR, a small AIM listed company to the top table, along side major O&G upstream but also top tier construction, international entities, Asian traders who deal in world LNG supply and distribution.
12+ minutes into video
Jay says "hugeley" profitable at $60 dolars p/bbl at 12minutes into video
http://pantheonresources.com/index.php/media1/webinars
they posted profitable above $30-40 p/bbl of oil
LNG not nearly as much as oil profit
the contract means maybe $182,000,000 per year
1 cu/ft equals 1,015 btu's,,500mil/cu/ft is 500billion+btu
times $1 per million btu
equals $500,000p/day
equals $180million per year