Pantheon Resources Plc (PTHRF)

[doinit]

very interesting underlined,,,reservoir is bigger yet,,26,billion
It’s also worth noting that this latest 23.5 billion barrel OIP number compares to management’s previous estimate of 17 billion barrels as outlined in the January AGM update presentation; however that January OIP total included an estimated 1.4 billion barrels for the Kuparuk reservoir and 1.1 billion barrels for the Theta West Upper Basin Floor Fan (UBFF) - as PANR didn’t test these two reservoirs during the Winter programme (due to time constraints), these have been excluded from this latest 23.5 billion barrel resource number. So assuming further testing confirms the previous Kuparuk and UBFF estimates (a high probability in my view), PANR should have a total OIP resource of ~26 billion barrels.