Thread by @diegodoesdo

Theta West Flows!! - the team averaged 57BOPD over 2.5 days, with peak rates exceeding 100BOPD.
1.2b barrels of high quality, light oil recoverable now significantly de-risked. $PANR #PANR

"The primary objectives of the LBFF test was (a) to confirm oil quality, (b) to confirm oil movability, and (c) to confirm reservoir deliverability. All of these objectives were successfully achieved in this initial testing operation" $panr #panr

"The well flowed high quality, light 35.5-38.5 degree API gravity oil at rates that averaged over 57 barrels of oil per day " $panr #panr

"The Company has now suspended testing of the LBFF formation due to the onset of a severe storm in the area." $panr #panr

"Approx 40% of the testing fluid was recovered before testing was suspended. The ultimate flow potential is better assessed after recovery of a greater portion of the testing fluid, which was not possible in this case due to bad weather halting operations in the area" #panr $panr

"Importantly, the results confirm the extension of the oil accumulation over a 10.5 mile distance from Talitha #A to Theta West." $panr #panr

And a resource upgrade?? "As previously announced, we estimate the Theta West resource is in excess of a billion barrels of recoverable oil and after encountering better reservoir parameters in a 950 ft oil column, we expect this number to -->potentially increase<--" $panr #panr