Let's talk about @88EnergyLtd referencing Pantheon in yesterday's operations update:
"...several of the other prospective horizons encountered in Talitha-A, where pay has been interpreted by Pantheon, extend into Project Icewine acreage."
$eeenf @88EnergyLtd
"It is also highly positive to see pay zones & a flow rate of light oil achieved from zones on adjacent
acreage that are also prospective at Project Icewine, where an internal review has commenced to
determine the significance of the neighboring results.”
Pantheon's Operational update, Talitha-A well dated 4-19-2021:
"...management believes has validated its earlier assertion of over 1bn barrels recoverable oil potential from this multi-billion barrel oil in place play at Talitha. marketscreener.com/quote/stock/PA…
"The Company collected an enormous amount of drilling, logging and testing data which will be evaluated. Additionally, Pantheon has engaged the experts at Baker Hughes and Advanced Hydrocarbon Stratigraphy ('AHS')...
...to provide Volatile Analysis Service ('VAS'), a comprehensive, sophisticated and independent evaluation of hydrocarbon presence in the well bore, using mass spectrometry analysis of well cuttings."
"Pantheon also used conventional data collection techniques including 'Logging While Drilling', mud logging, side wall cores and an entire suite of wireline logs...
...Baker Hughes AHS identified 5 independent highly prospective zones w/high oil saturations and low or moderate water saturations. These correlate directly to Pantheon's 5 target zones"
"...Talitha-A demonstrated the key elements of a proven hydrocarbon system in the Kuparuk formation with the presence of movable high-quality (± 42° API) oil" - Pantheon
"...Pantheon is extremely encouraged by the analysis of the shallower zones in the Talitha-A well... the oil appears to be lighter than expected & an additional significant zone has been discovered, increasing the total resource potential significantly.
Screenshot from Pantheon's update of Talitha A (link posted above) which describes the FIVE ADDITIONAL potentially productive zones:
$eeenf @88EnergyLtd
"...VAS analysis confirmed the presence of continuous stacked oil-bearing reservoir zones... above the Shelf Margin Deltaic reservoir zone down to target depth at 10,456'. Every single sample taken over this interval extracted oil." - Pantheon
"The bottom line is that Talitha-A has confirmed five separate zones, all hydrocarbon bearing, and which collectively have significantly increased our estimate of oil in place on our 100% controlled acreage." - Bob Rosenthal, Technical Director, Pantheon
“If we were going to fail we wanted to fail as fast as possible...there’s no point in conducting a science experiment. We’re all here to make money and if you’re not out to prove that as quickly as possible you’re basically wasting everyone’s time.”
“We have something that is unlike any other resource play that we’re aware of...30% higher than the eagle ford...which means more oil can be accessed by the well bore better flow rates, better ultimate economics”
“Its case also notes that a larger entity will have enhanced strategic, commercial, technical and financial strength to optimise financing of operations and exposure to a larger global investor base.” 👀
$eeenf @88EnergyLtd
"The company acquired an 87.5 % working interest and operatorship of the onshore acreage (Icewine) and paid a US$500,000, non-refundable deposit, before raising $6.9 million in February to fund the balance. "
$eeenf
“This is a project that can attract capital in a low-oil-price environment, bc you're getting such excellent bang for your buck... spending a very small amount of $ to get access to what could be a billion barrel oil prize in a shale play is still attractive to investors"
Please remember the following is a conspiracy theory. I have come to these thoughts based upon the following information and upon discussing them with my friends: @tonka_waterman & @The2020Father
$eeenf @88EnergyLtd
"Charlie-1.... comprises over 1 TCF est. gross mean prospective gas and assoc. condensate... commercialisation options include, but are not limited to, possible local power generation, compressed natural gas as well as potential for conversion to hydrogen"
$eeenf @88EnergyLtd
Re Yukon Leases: "The acquisition of these leases represents a logical step in the Company’s aggregation strategy for oil resources in this part of the North Slope, where existing infrastructure provides a potential pathway to commercialisation..."
$eeenf @88EnergyLtd
"...with the addition of lease AA095899 which is adjacent to the existing Yukon Leases held by Regenerate Alaska Inc anticipated to assist in advancing continuing discussions with nearby resource owners to optimise the monetisation strategy of the acreage."
Let's be real most of you have not been holding @88EnergyLtd shares for five+ years. You are new(ish) investors (myself included) so lets take a look back & see where @88EnergyLtd was coming from w/regards to the North Slope.
$eeenf
As I mentioned previously, Emerald House is just one subsidiary w/in @88EnergyLtd who operates the Merlin-1 well.
Accumulate Energy Alaska (AEA) is another subsidiary of 88E which is named the operator of Icewine 1 & 2 wells & Charlie 1 well.
A search for AEA within the Alaska Dept. of Commerce brings up multiple filings. One name mentioned quite frequently (alongside David Wall) is, Michael McFarlane.
McFarlane is listed as a Director for AEA in this 2020 Biennial report: