Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
thanks again Scot. i should very much like to to do that. for the broader readership, if i may say so, Telemachus' posting on the technicals and yours setting this into a markets/ financial context has been without equal. it's a bloody shame that a few cretins have to go and spoil that for everyone else. well done for keeping going yourself. it is apparent from the significant vote-up differentials that the vast majority are appreciative of your efforts
Hi Alaric - I 100% agree. Bad news I'm afraid. He was treated abysmally by the usual culprits on Darcon's forum so he's only doing the Guild from now on. I was only given permission to copy'n'paste that specific content. There's plenty more even better stuff he's posted but you have to join up. It's a wee bit of a faff but swendab1 is your man. He'll talk you through the process. The nonsense on the other place (Darcon's thread) is completely absent in the Guild. Facts, evidence, intellectual questions and answers, people asking to be fact checked. It's great. You know what to do.
mindbender - between us we got there in the end, eh? The "78p cap" conspiracy theory is now officially as dead as a dodo. In fact, it was never really present to any substantive or tangible degree, was it?
We can now get back to trying to understand the fundamentals of the investment case in order to assess risk/reward.
Good stuff.
thanks Scot. hugely important that we still get to see Telemachus' views as all the technical info comes in over the coming weeks and months
With you there, lol. After hours again look good. Nothing holding this back now as far as I’m concerned.
GLA
Total above my head but thank you and
WOW sounds amazing if it comes good
Dear All - Telemachus gave express permission to copy'n'paste the content below. We are profoundly lucky to have him involved and contributing to the collective knowledge.
"Following on from the webinar - loads of great information. The attached model allows people to build their own estimates of what these assets may be worth and certainly repays the effort of working out how to drive it.
hTTps://dog.dnr.alaska.gov/Documents/Commercial/North_Slope_Oil_Cash_Flow_Model.xlsx
The key information from my perspective is that the webinar gave us great guidance on what flow rates will be economically viable based on $12-15 million per well. Once Pantheon has logistics optimized (particularly local sand supply), this is a reasonable estimate. Furthermore, the cost of processing facilities for the “Near Dalton Highway” resources need not be more than $200 million - much of which could be converted to leased facilities (remember the MAPS units described in an earlier webinar). On the basis of 25 frac stages in a long reach lateral, initial flow rates of 1,500 bopd (annualized to 1,200 bopd) will be required and, in my assessment, are achievable. The guidance on the vertical flow test in the SMD-B falls into this range when extrapolated to a horizontal production well. The Alkaid result from 2019 also falls into this range.
Some have expressed disappointment that no similar guidance was given for the BFF or the SFS zones. I have previously said that any kind of stabilized flow from the BFF would be a great result. Similarly the SFS - although I am secretly hoping for 100 bopd here. The investment thesis will be enhanced by any demonstration of moveable oil in these sub-optimally located penetrations. (NB the BFF in Theta West will need to flow at more than 100 bopd in the vertical well test for the BFF project to stand up economically)
The one I am most excited by in terms of the Talitha testing program is the SMD-B. I expect we will see stabilized flow in excess of 100 bopd and this would translate to production well outcomes in the required range. In summary, aggregate flows of 200 bopd from the testing program (ie adding all zones together) bodes well for the summer Alkaid lateral. It will underpin expectations of 1,200 - 1,500 bopd from Alkaid #2 and the conversion of contingent resources into reserves during 2022. It would certainly support a NPV to Pantheon of some $4 billion and a potential disposal in the $2.5-$3 billion range. However, we would be looking for a good deal more than this when including a successful Theta West test outcome!" - Telemachus (26/1/22)