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

#PANR WHIreland join Canaccord Genuity, Schlumberger (SLB) and more in backing mgmt. Appraisal of the current situation with Alkaid. Target Price remains unchanged @ 199p (Adjusted for available cash) #PANR Westside to the Eastside: The exploration success on the Westside of North Slope, mainly in Torok and Nanushuk formations, was due to fortuitous discoveries. These discoveries were linked to seismic anomalies, which led to more prospectivity in the area.
#PANR #PANR

$PANR  At current pricing, the 'Alkaid' production stream would generate approximately $40,000 per day in gross revenue once facilities are installed to separate and capture the NGLs and condensate. #PANR In order to demonstrate potential project economics, Pantheon has developed a conceptual development model for the Alkaid anomaly (not including the shallower Shelf Margin Deltaic ("SMD") formation which is also oil bearing) based upon .. $PANR #PANR

Theta West #1 Well - Independent Expert VAS 'Volatiles Analysis Service' Report Received 👀

Conclusions: Great Bear Pantheon's Theta West 1 drilled a world-class petroleum system comprised of...

$PANR #PANR 1) A 1,360 ft thick continuous column of oil-bearing cuttings. The actual length of the oil column is unquestionably greater than 1,360ft, as the base of the analyzed cuttings' oil column is the TD of the well, and the oil in the cuttings shows no sign of tapering off
$PANR #PANR

WHI View: "The successful casing of just over one mile of horizontal lateral represents, in our opinion, a significant achievement that essentially secures the well and thereby greatly reduces the operational risks to the well. " $PANR #PANR "The well logs are again corroborating the geological and petrophysical (fluid) model of Pantheon Resources, which has largely been premised on the analysis of 3D seismic data. " $PANR #PANR

$PANR have drilled a 5,300ft lateral... What can we expect?
I anticipated that they would drill ~5,000ft in my previous write-up, here are some highlights...
“I expect that they aim for a middle-of-the-road estimate with 5000’ lateral for Alkaid-2.”  #PANR link.medium.com/5hJAyBMoAsb I fit the below model to follow Tele’s 80% at 8,000’ lateral, he noted this represents the baseline and we could expect the results to be higher to an 80% probability. (See Below)

For modelling Alkaid-2 I will use 5000’ laterals, this gave us a EUR of 679mbo. $PANR #PANR

Alkaid #2 Well - Horizontal Lateral Target Depth Reached

Drilling operations at the Alkaid #2 horizontal well bore have now concluded, reaching a total measured depth of 14,300 feet ('ft') which includes a lateral length of 5,300 ft.
#PANR $PANR A 5 ½ inch liner has been run, set, cemented at the bottom and tested for integrity. $PANR is extremely pleased that drilling of the lateral section was accomplished smoothly and without incident.

#PANR

🛢️I've just posted a write-up looking into #PANR post-Alkaid-2. It's based on a 3yr forecast which feeds revenues from modelled horizontal wells & future funding🛢️
I try to answer; What will $PANR look like in bear, most likely and best case going forward
diegodoesdo.medium.com/what-is-most-l… TD: LR
- Pantheons analysts are under-pricing the firm, even on their metrics
- NSI and Lee Keeling likely modelled using Babu formulas
- Pantheon is likely underestimating flow rates
- Alkaid-2 is not certain to be long-term but could be $PANR #PANR

🚧 Nabors 105AC 🚧
The rig that will drill Alkaid-2 this July, on location in Summer 2012 drilling Alcor-1 for Great Bear. Paid for by Halliburton and chosen to drill horizontal wells.
👇 Below are some highlights from this 2013 article. #panr $panr geoexpro.com/articles/2013/… “Great Bear’s initial 2-well drilling programme was completed in late November 2012, where they recovered over 183m of whole core from the Alcor #1 and Merak #1 wells and sampled oil from the conventional Kuparuk sand.” #panr $panr

I've just put a post up on Reddit to discuss the recent Peel Hunt report, in particular the 50p target price.
Please let me know what you think, the TDLR is in the thread here. Drilling Alkaid will end the questions, one way or another. $PANR #PANR
reddit.com/r/PantheonReso… It's been a bit of a moving target these couple of days, so I haven't made comment about much of the discussion from today. I have to say thanks to @EnergyHobbs for some help understanding some items late in the piece. $PANR #PANR

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.

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

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

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

$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

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

$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.

https://twitter.com/diegodoesdo/status/1485673351842770944?s=20&t=OLvA33lOGDJAVoIUI34V3Q

"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

Looking at the potential returns for $PANR, I found we could expect a return of between x9.4 - 14.1 on today's share price of ~130p, or between US$16 - 25p/sh in a buyout if we are able to derisk the underground assets. Here's how I came up with that value... #panr $pthrf #pthrf I first adjusted Canacorrd Gunuity's Dec. model to have updated data prior to trading today. Their report originally had a target of 200p, but I updated that to incl. the Kuparuk as later notes say a target of 220p - I have assumed this was included and rounded down $panr #panr