Thread by @diegodoesdo

Summary of the recent update by WHIreland: Providing context on recent developments & fair value estimate of 199p, adjusted to June 2022 balance sheet. #PANR $PANR

https://twitter.com/diegodoesdo/status/1625040608376279041

"We had been, and remain, focused mainly on the decline curve and we have yet to even establish a high-quality (peak) initial production rate. We are focused on the decline curve because we believe a large oil company that would farm
into Pantheon Resources’ assets .. #PANR $PANR

..will look to the decline curve in conjunction with an
assessment of its ability to increase the initial production rate by applying more muscle
and optimised engineering" #PANR $PANR

Focus on decline curve: We're more interested in how it will decline & ability to increase initial production with optimised engineering.#PANR $PANR

Early-stage result (40% frack fluid recovery) too much commotion. Reservoir responded to multi-stage frack & induced meaningful oil & gas flows. #PANR $PANR

Alkaid #2 had 500b/d liquids (crude oil, condensate, natural gas) & still 60% frack fluid downhole. Liquids content is a lower-bound. #PANR $PANR

Production will increase as wells are cleaned up, hydrocarbons displaced by fracking fluid production. #PANR $PANR

Don't base big decisions on absolute production value at this stage, simply acknowledge the reservoir's response to multi-stage frack. #PANR $PANR