CG: "The two BFF well tests, at vertical wells Talitha and TW, flowed closely matched light oil at similar rates from similar thickness reservoir intervals that represent only a relatively thin subset of the whole hydrocarbon-bearing BFF reservoir found in both well" $PANR #PANR
"As the two wells are over 10 miles apart and there is extensive 3D seismic across the area, these wells provide a sound technical footing for the confirmation of the large scale of the Theta West oil discovery. That is a substantial step forward." $PANR #PANR
"There is though still much to be done to properly assess the size of the find and most importantly to determine its commerciality." $PANR #PANR
"In our view, the Alkaid horizontal well and extended testing, planned for this summer, will be a further significant data point towards assessment of the commerciality of #PANR discoveries so far." $PANR
Next steps: "The testing equipment remains in place for now and there may be an opportunity to restart the test if there is an early improvement in the weather conditions..." $PANR #PANR
"..However, given the present conditions and limited time before the normal end of the winter (ice road) drilling season - around end March - we think that is unlikely." $PANR #PANR
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