Thread by @Flight_Useful

$panr $pthrf #pthrf

Flights discord server (link below) has some industry pros. My thanks to AlaskaGeoPhiz (retired North slope Geoscientist) for posting his thoughts on todays news.

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discord.gg/E46sDzDwt5

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.

2/

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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Our “satellite spies” appear to have seen produced gas being flared. With the upcoming State of AK flaring permit meeting (extend prod testing to 9 months) it was imperative for Panr to do the RNS before testing info was discussed at the Oct 27th meeting.

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We’ve also learned Panr will be transitioning to permanent surface facilities. Having a bit of a pause during pressure buildup test and coil clean out should help get the new facilities in place and working.

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I’m sure the Alkaid 2 gravel pad is a crowded place with various activities simultaneously taking place. Any delay in getting a coil unit for horizontal clean out is probably due to the bigger NS major operators getting priority.

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What we don’t know, but Panr does, prevents some of use from definitely answering your questions. My guess is the upcoming November lease sale is the reason we haven’t seen the Alkaid 2 pilot hole and horizontal well logs and any measured poro-perm core data.

7/

Panr has said reservoir is better/thicker than Alkaid 1, but we don’t know by how much. Hopefully after lease sale we’ll get a Webinar with much more detail on Alkaid 2 and upcoming Winter exploration plans.

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@contrarian8888
@EnergyHobbs
@ChrisGalizio

For the record, Flight’s Discord Server is growing, it’s a small investment server with a great community.

It will NEVER go behind a paywall - will ALWAYS be free. It’s for everyone to learn from industry pros.

(Also for the record - I’m not an industry pro) 😂😂😂