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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More from @diegodoesdo

Mar 24
Looking ahead for #PantheonResources; although I expect gradual SP movement trending upward as investors disseminate/understand the latest RNS(see end of thread), below I list potential announcements/events which could trigger share price movement... $PANR #PANR $PTHRF #PTHRF
Note: This is a timeline(excl oil price vol) I have estimated based on past years. Although I expect them to occur, the timing could be vastly different. Please comment on anything I might have missed. Don't base any investment decisions on this info - it's not investment advice.
We should expect detailed @CanaccorGenuity and @WHIrelandCB notes in due course.
1. Potentially resume testing; <3weeks
2. Webinar update; 2-4 Weeks
3. Recoverable resource estimates SFS and potential for Summer Drilling; 1- 2 Months... $PANR #PANR
Read 22 tweets
Mar 24
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
Read 7 tweets
Mar 23
Todays $IHL release
" It will:
• Add a large portfolio of intellectual property with granted and pending patents
• Expand Incannex’s addressable markets globally and addressable market sizes by over
US$400bn per annum" $ihl #ihl $ixhl #ixhl
"• Further enhance Incannex’s technical and drug development capability by adding some of the
industry’s longest-standing and best-known scientists to the Incannex team.
•Expand the Company’s drug delivery capability to include APIRx’s patented delivery
technologies."
$ihl #ihl
Read 4 tweets
Mar 23
$IHL to acquire US firm APIRx
"APIRx is the world’s only cGMP (current Good Manufacturing Practice) cannabis plant users and providers of cGMP API’s based on naturally extracted cannabinoids."
#ihl $ixhl #ixhl apirxpharma.com
Taken from website "We are the licensor of proprietary active pharmaceutical ingredients (API’s) for extraction, purification and microencapsulation from cGMP-produced Cannabis plants..." $ihl #IHL
"...; and the manufacturer and marketer of Cannabis based pharmaceutical, nutraceutical, cosmetic and OTC products based on end-to-end cGMP process certification." $ihl #ihl
Read 6 tweets
Feb 22
Good to see #Metgasco raising $5m to support drilling of Cervantes and the Vali gas field development. Exciting times ahead. $mel #mel #ASX #smallcaps
“The terms of the placement were: an issue price of 2.6c/share. Options are to be issued to placement participants on a 1 for 3 basis, with a strike price of 4.5c, expiring 10 December 2024, with issuance of options subject to shareholder approval.” #mel $mel
“Funds from the Placement and will be used to fund Metgasco’s Cervantes#1 oil well (targeting P50 resource of 15.3MMbls gross/4.6 MMbls net) and to strengthen corporate balance sheet for ongoing project development and new business initiatives.” #mel $mel
Read 4 tweets
Feb 21
$PANR have successfully flow tested the Slope Fan System (SFS). They were looking for movable oil at 35-42 API, both of which were achieved. This should further support $PANR testing regimen this winter.
"On the final day of testing the well was flowing at a sustained rate of approx 32BOPD from this combined 10ft of perforations which is highly encouraging given production wells on the ANS are drilled horizontally which would typically result in materially higher flowrates" #panr
$PANR also encountered issues with Theta West when a contractor put cement in the casing rather than outside of it. Which will cause delays but won't affect the previous and testing will continue. $panr #panr
Read 4 tweets

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