Member Info for AgeingGeo

Well said I couldn't agree more. Your 8.54 post is spot on.

Brombarb

I have specifically asked this question as they said specifically said that all zones indicate from VAS that hydrocarbons are present. But we know that this is not the case with the test on TR-1. I also don't understand why they do not appear to have run any RFT tool in the interpreted hydrocarbon zones as the RFT would give them pressure measurements and fluid samples so they would know for certain what type of fluid they are encountering. I am not sure that VAS indicating anything.

Marmaris- Good to know that you are back and we can have answers to some technical questions.

For the first test in Megrez-1 I was wondering why Pantheon rely heavily on Baker Hughes VAS method of indicating the presence the hydrocarbons along with logs but don't appear to use the RFT Tool which would be more definitive of pressures and hydrocarbon presence. In a correction note by Pantheon In March prior to the completion of the first test they said that the VAS method supported the presence of hydrocarbons throughout the well. However this was not the case with the first test. It will be interesting to see if the same situation occurs with the next test. I am not disputing their interpretation of the well but just confused as to why they would not use an RFT tool to confirm their interpretation. As an engineer I would appreciate your comments.

You have a very good point . In their news if 14th December 2024 they said 'Two key intervals, known as Top Set 1 and Top Set 3, contained light liquid hydrocarbons at depths between 5,950 and 6,700 feet true vertical depth.' What went wrong with their log interpretation and hopefully like you say I hope this is not the same for the shallower horizons.

I am in the same boat (having bought several years ago) but there is a lot of interesting potential drilling coming up shortly where Eco is involved with 5 wells in PEL44 and 45 in Namibia's Walvis Basin announced by Operator Maurel and Prom just south of the Windgat well (which has a proven Aptian source rock) . Then we have the possibility of a potential farm in the Orange Basin. Interesting times ahead!

They need to copy the example of Denmark who sold all their main income producer Maersk Oil to Total and replaced it with Orsted's wind energy. Now the authorities have instructed Orsted to re-commission 2 Oil and Gas generating plants and one 'coal' plant. I wonder who the Danes will buy their oil from - Total !! who bought Maersk. Looks like Ireland is in for a long cold winter!

Amazing news today that the Danish Authorities have ordered Orsted ( the bastion of wind energy in Denmark) to fire up 3 of it's existing O&G power Stations including one coal plant to start producing electricity. I wonder where they will get their oil from? - Total perhaps after having sold Maersk to them the French could charge them a premium! Also I wonder what the 13 Green MP's in the Danish parliament are thinking now.? Looks like Ireland needs a rethink on energy policy and quickly!

I Agree that the raised helium is interesting . However does this just relate to the adequacy of the seal or is this helium producable, in which case as you rightly point out this is rare element and highly valuable on its own. It would be interesting to know by how much it is raised but I guess we will get more information in the next webinar.

Well said Calisro. However any politician trying to allow fracking will have a fight with the looney left. It doesn't have to be forever (must be profitable for the fracking companies without the threat of windfall taxes) but we are constantly told this is a national emergency and constant handouts and windfall taxes and nationalisation a la Brown ( the one who sold more than half the nations gold at the bottom of the market!). There is some urgency in this before winter freezes the poor and the old. Bring it on.

Bellers it was your opinion on another board that infuenced me to get in here. I did some research and was/am very impressed With their technical director Nigel Williamson who incidently spent many years at competitor ITM. he doesnt favour PEM electolisers for various reasons. Worth checking him out if you havent already. I think some patience will be needed here -I like their licencing set up as well. Good luck.

Thanks for your contribution at 10.03 today. I was not aware of CPH2 after being invested here for too long. I checked out CPH2 after reading their Aim admission document and are impressed. CPH2 have just about reached their Aim initial offer price. As someone said on their board they have had little publicity which I think is why people are unaware of their system . As for ITM I would agree with someone who wrote quote today 'ITM are more likely to reach £1 than £2 in the near future.'

Pretty positive result.Lots of appraisal work needed for what could be a giant in a politically stable area. Well done Pantheon.

I think Scot is right re this has only just started. I have been looking the logs for Thalitha A for months and realised how risky it would be to get a flow at the BFF .level. Now that they achieved it the logs at the two upper levels look far better in terms of the likelihood of a fair- good flow at these levels. I have been in here since the disappointments of the Texas days but this is really good news today even if Thalitha West fails (which I hope it won't) this could be an outstanding discovery on it's own.

Jilte - I appreciate your concerns. My guess is that they will need to go to the market for funding. My problem with the webinar was technical really .
1 Why no mention of the reason for the failure to test from the Kuparuk in Thalitha 1 despite testing from the 6th April until 19th . I was wondering if this was the reason they stated that they would not be testing it in Thalitha West despite showing a seismic line with a clear 'roll over' beneath the well location.
2 Beyond that when they drilled Thalitha 1 they could have run a wireline formation testing tool in the open hole when they took the sidewall cores. Instead they choose to run expensive borehole televiewers.The wireline formation tester would have have given them an unlimited number of pressures and up to five samples. It could also be set up in pump mode to flow through the testing tool. Pressures alone would have given a gradient and so tell if you have gas , oil, oil gravity and thence the presence of multiply or one huge column.
On the logging why have they separated the neutron from the density . Without showing this you cannot see the overlay and any potential crossover which would indicate gas or oil gravity. I have no doubt there is oil at this location but the big question for me - is it producible? No doubt I will receive some scathing comments from some quarters but I have been in Pantheon for a long time and if we fail to get a farm-in soon I will be quite concerned.

Light oil is a real concern - condensate? They seem to be taking 'an age' to test this well and need to move on and test upper zones before the season ends.

88e's Merlin-1 well may be risky but if that fails it has a lot of 'perhaps' more favourable potential in the licence south of Pantheon.Depending on current testing of Thalitha well the Kuparuk Fm. If this Play is proven by current testing it is likely to extend southwards into the 88e block. The only downside ( which all possible extensions like this face) is that 88e would need to drill a well to prove any extension if it is economic. One plus could be it's proximity to the Dalton Highway. I.e 88e is not a ' one trick pony' GLA

What I find amazing is that two popular sites with 'high impact wells for 2021' don't even mention Pantheon. Only 88e gets a mention on one of these sites and Bahamas Petroleum would you believe!

Nice to see George Maxwell on board. But as has been said in the press Metallion has made an opportunistic attempt to take control of Lekoil without paying a premium for the value of the shares and assets of the company. And as has been mentioned before there is the problem of debt and it will be interesting to see how Metallion handles that !

Testing! Wow this assumes they will find anything. As a former Columbus share holder I am not too impressed with what I have seen so far.Very unimpressed with their technical presentations of the well on their website. Hardly a seismic example in sight and very little geology. All presentations seem to be on video as well. Chance of success here must be very low. Most of the recent emphasis appears to be related to Trinidad and Suriname which they inherited from Columbus.Glad I only have too few share to worry about. But good luck to anyone who put a lot of money into this! To quote the line from the first alien film ' there is nothing you can do about it but you have my sympathies.

I agree about TPG they have the capability to produce green hydrogen but they don't seem to promote it much compared with 'rubbish burners' who promote their hydrogen potential. Maybe TPG will be like ITM in 2017 &8 which had a very low valuation before investors recognised their potential.