Pantheon Resources Plc (PTHRF)

[doinit]

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The main target for this well was the Shelf Margin Deltaic (SMD) deposit and will be tested in the next three weeks. Flow rates in the 50-100 bopd range would underwrite development with production wells expected to deliver 1,200 - 1,500 bopd. Management estimates of the value of this single horizon are some $5 billion at current oil prices! Scaling for the Theta West BFF resource would give $15-20 billion… the numbers are in danger of being too large for people to get their minds around them.