It deserves more than a glancing read. The implications of the study allow for significant uplift in potential oil rates
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The Tarn analogous data shows that at any porosity we might encounter at TW can have a wide distribution impact on perms over 3 log scales. The implication is that as the reservoir is developed the sweet spot (course sand) will be hit giving potential of
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1000x flow in some wells. Astonishing.
At the very least it shows we should see ~5% gain in porosity over the Talitha location giving us a minimum of one increase up the permeability log scale which equates to x10 increase in fluid flow.
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Hence a 400bopd min = commercial field and easily meets Telemachus criteria for development. I can hear Tele cautioning us now on these assumptions 😅and I would agree this is only a thesis, but one with plenty of headroom to get across Tele’s line of comm 100+ bopd flow.
(but I suggest $eeenf #88e may want to keep an eye on their gas-to-oil-ratio GOR in upcoming flow test results)
Pantheon Resources put out a holding RNS yesterday.
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I think PANR would have known that the AGDC were presenting to the finance subcommittee. The fact it is now confirmed it’s PANR’s gas that is pipeline quality worthy <3% Co2 (as they are talking to consumers),
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we can further posit it is indeed PANR’s gas that has caused the AGDC to move to AlaskaLNG plan B.
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Some random thoughts for $panr this year and setting some context:
1. Strengthen the board with non exec directors with industry reach and deal structuring experience. 2. Commission blue chip US sell side broker…transitioning to Nasdaq
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3. Production: Given it’s close proximity to the highway Alkaid 2 well is already base case economic at current flow rates giving $40 a day revenue (even with a pipe blockage & increased well costs modelled in base case scenario) making the point we are already solid. 2/
Flights discord server (link below) has some industry pros. My thanks to AlaskaGeoPhiz (retired North slope Geoscientist) for posting his thoughts on todays news.
My initial thoughts on the RNS update are positive. We’ve learned fluid rates (flowing into temporary exploration well testing equipment) were in the thousands bbls per day, with approx. 10% frac fluid recovered and 8 to 12% oil cut.
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These fluid rates, for longer than a day or two, aren’t trivial and require adequate trucking or annular injection to dispose of. Plus sand coming out of the well will likely be caught in a sand separator and will have to be emptied to keep from filling up.
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@WimalSamara@Josh_Young_1 It may very well cost him reputation too and Bison interests his investment business may find redemptions go up as investors see he is a good analyst but crappy investor. He cannot sniff out option like investments where the upside risk far, FAR outweighs the downside,
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@WimalSamara@Josh_Young_1 which is something of note in C8888’s method. Josh is not open to critical thinking beyond a basic surface level first read, red flag type stock DD. Eg: Is there high debt, yes - red flag =no invest. $rig
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@WimalSamara@Josh_Young_1 Which does not evaluate what the markets are missing. In the case of $rig in a fire sale it’s assets are worth 2x~3x Sp, so any turnaround in contracting cycle (which looks to have happened) will provide huge leverage to piers.
2/ In ‘The most important thing' by Howard Mark, he say's....Large amounts of money are not made by buying what everybody likes, they're made by buying what everybody underestimates.
3/ Disclaimer: Nothing in this Discord server is intended as investment advice. We are not your financial advisor, and this is not financial advise. Please, always do your own due diligence when it comes to investing and always take responsibility for your own choices.
I do try to remember that newbies to the PANR investment case will be viewing that case through lenses of normal exploration small cap experience. Most fail. Many management teams use the market system to extract wealth without building credible businesses
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This is the sceptical starting point for many social media O&G ‘experts’ including Josh. I was sceptical once. The PANR results will speak for themselves either successfully or not.
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Low ball, tacky FUD will damage the reputation of these ‘experts’ and history will hold them to account and their future judgement questioned.