Pantheon Resources Plc (PTHRF)

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WH Ireland @PantheonResour1 (This is the right posture the pthrf has taken & should have done the same first time in...Thanks David Hobbs!)

Market Summary > @PantheonResour1
LON #PANR
32.41 GBX+3.63 (12.62%)⤴️today
Day High 32.58
9 Oct, 11:05 BST • Disclaimer

WH Ireland @PantheonResour1 Corporate – Re-Entry of Alkaid-2 #PANR announced that it has commenced re-entry operations at the Alkaid-2 well. The company… https://t.co/iJ2lEyFT1I

— Share_Talk ™ (@Share_Talk) October 9, 2023

Corporate – Re-Entry of Alkaid-2 #PANR announced that it has commenced re-entry operations at the Alkaid-2 well. The company stated that the intention of the re-entry is to gather data relevant to optimise frack engineering – not to maximise production.

The re-entry will involve the isolation and fracking of the SMD horizon of the Aphun field (above the previously tested Zone of Interest; on the edge of the SMD reservoir).

WHI View: The re-entry of Alkaid-2 represents an important step in the iterative process of optimising well completion and frack design. The company has clearly reoriented its focus and internal resources to the forthcoming process of completion engineering.

As Pantheon itself has reiterated, we remind investors that this is a process for which Alkaid-2’s re-entry will add valuable data and insights. While the company focuses on the granularity of maximizing the potential of its 100% held elephantine scale assets, we remind investors to keep a broad macro perspective.

Oil prices are rising and the market is increasingly aware of the long-term structural support for fossil fuels.

Moreover, we observe that industry leaders are increasingly suggesting that US shale oil growth in the Lower 48 will be increasingly challenged relative to prior years. In our opinion, this confluence of developments really focuses attention on the untapped potential of Alaska.

We intend to provide the market with a comprehensive update note on Pantheon Resources in order to keep pace with the many significant developments announced by the company and its catalyst-rich outlook. Broadly, we reiterate our view that we believe the outlook for Pantheon Resources is increasingly positive, supported by both company-specific and macro developments.

GLTA

PTHRF