Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Sloppy, and negative journalism (nothing new there then - most top line journos are low IQ, semi literate scribblers at best!).
A more accurate headline would have been “Pantheon Resources Director Invests Heavily In Company”.
I have Louis on filter, so I have no evidence of his (or OMJ’s) allegations of fraud. But if OMJ has alleged fraud, he should be fairly high profile, low hanging fruit for a libel action by the company - which would be loose change for Pantheon but would put a stick in the ground to discourage other chancers.
2/2 The path has involved a series of pivots in how the companies manage Prudhoe. Circumstances changed, so plans changed, too.
In particular, after a few years of oil production, the plan for what to do with Prudhoe’s natural gas took a radical turn. And the companies holding oil and gas leases did a radical rethinking of how best to manage Prudhoe.
Read the rest of the whole article thanks to for posting in https://discord.com/channels/827703739687239690/1078244663149985812
**Article Highlights**: Including discussions on the "Gas Cap" and it's extreme importance to the long productive oil reserves. With out it, it would be a relic oilfield by now. Pantheon's Alkaid UNIT has similarities and IF a Gas Cap exits, it is just as beneficial.
**-A tactical study**
**-Surprise discovery**
**-Too much gas**
**-Why pressure matters**
**-Falling pressure**
**-Old idea, new life**
**-Target: Relict oil**
**-The cost of gas sales**
*If the Prudhoe Bay Gas Cap did not exist, it would be a relic oilfield.*
Pantheon is in the position of two (2) Giant field discoveries and development. The only production hurtle is the gas. And yes I know - financing, etc. But what will attract the financing? >>> The Gas potential!!
Reproduced courtesy of GeodesRock and AlaskaGeoPhys on Flight’s Discord channel
1/2
**Article. "Prudhoe gas sales in 2020s may be well-timed for aging field"**
**Surprise discovery**
Prudhoe Bay’s story is a tale of the sometimes capricious chemistry of geology, engineering and money.
From the first, a dark day-after-Christmas 1967, when natural gas blew from a wildcat well at a lonesome drill site near a frozen Arctic inlet called Prudhoe Bay, the industry knew it found something special.
When the crew ignited it, the gas jet flared 50 feet despite a 30-mile-an-hour wind, according to one account.
The well had punctured Prudhoe’s gas cap. This was a surprise. The well was targeting the Lisburne formation roughly 1,000 feet deeper than Prudhoe, though a secondary target was Prudhoe’s Ivishak sandstone. (The Lisburne field officially was discovered in 1969 and started production in 1982.)
A confirmation well prompted the Prudhoe discovery announcement in March 1968, and soon came an estimate of what that reservoir a mile-and-a-half underground could yield: a phenomenal 9.6 billion barrels of oil and 26 trillion cubic feet of gas.
Even before production began in June 1977, teams of oil company engineers, geologists, geophysicists and others were analyzing the reservoir with the focus of a grandmaster studying a chessboard. The reservoir held 25 billion barrels, but no oil field surrenders every drop. The 1977 estimate of 9.6 billion barrels produced would be an outstanding result. Coaxing any extra beyond that total would be a sweet bonus.
Today, the Prudhoe Bay producers — mainly ConocoPhillips, ExxonMobil and BP (now Hilcorp) — think they’ll ultimately get around 14 billion barrels of oil and other hydrocarbon liquids from the field. They’ve produced more than 12 billion barrels so far.
Besides gas cycling, pumping water into the field and using miscible injectant, they credit the extra oil to more wells spaced closer together, horizontal drilling and other drilling advances, among other factors. Gas cycling makes them all more robust.
This board has been largely ruined by Louis10, an identity allegedly assumed by Oil Man Jim, an unqualified blogger desperately trying to drum up trade for his struggling subscription tip sheet. Any potential investors might want to look at Flight’s Pantheon channel on Discord, for an objective, civilised and informed discussion on the company. I should add I have no affiliation with the channel or its moderator. NOTE TO LOUIS: don’t bother responding to this post - you’ve been on filter forever!
From being a decent(ish) BB, this has descended into the Louis show, and consequently is of little, if any, use as medium for the exchange of ideas. For the love of all that’s holy, filter the goon and do not, under any circs, respond . Then maybe, in time, he’ll clear off and let you have your Pantheon board back.
From Telemachus on Flight’s Discord Channel:
“Prior to and following the recent RNS and Webinar, Pantheon received a number of questions which we fully intend to address. In the past, we have not always had time at the end of an already lengthy Webinar to address all questions and to accept new questions arising from the content shared. To make sure we do not miss anything, we are going to provide answers through several planned sessions.
We will trial a session through "Investor Meet Company" in the next 10 days to address a number of more general questions that have been raised and to share the plan for meeting our strategy goal of sustainable market recognition of a value of $5-$10 per barrel of expected oil recovery.
We promised a webinar to expand on the frac and completion optimisation in the Ahpun Field and implications for commercial development. We will take this opportunity to answer questions related to the Alkaid-2 well and any outstanding questions.
When we receive the first Netherland, Sewell & Associates report we will RNS the content and conduct a webinar during which we will address the questions related to the Kodiak Field, the newly added leases and other related questions.
For regulatory and compliance reasons, Pantheon will not engage on social media and any questions that investors or others may have should be addressed to contact@pantheonresources.com where we will respond to questions in a timely manner.”
Apols for any glitches - copied and pasted (by permission) on a phone. The original is on Flights Pantheon Discord channel.
I’m genuinely surprised everyone hasn’t filtered Louis/OilManJim. He contributes absolutely nothing of value to the board.
Leave him to talk to himself - then maybe LSE will take the many complaints/reports seriously and bin him.
In my view, we will look back fondly on today as the turning point for Pantheon. I was always confident in the asset; but my conviction is that we have now shifted up a gear commercially - and I suspect this is only the beginning. Anyone still short is skating on increasingly thin ice!
rad41414, (informed) rumour has it that Louis10 (who I have on filter) is really OilManJim, who is exploiting this board in a desperate attempt to snare the gullible into subscribing to his struggling podcast. Of course, I couldn’t possibly comment…