The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Squeaky bum time, mms hammering us back down again and no leaks at all.
In some ways it would have been better if we had tested the deeper reservoir first as we know this has already fliowed at PANR..
Results from the Hickory-1 drilling and logging program were positive, with oil shows and net log pay calculated across all primary and secondary reservoirs. A new Upper Slope Fan System (Upper SFS) reservoir was also identified which has not been previously tested by any wells on the Project Pheonix acreage nor the adjacent Pantheon Resources acreage to the north. The Upper SFS had the best oil shows across all reservoirs intersected in the Hickory-1 well and recently completed mapping of the Upper SFS demonstrated a reservoir zone that is more laterally extensive than previously considered.
88e have confirmed a discovery in same zone as PANR…which flowed commercially, but not optimally
This is why PANR and 88e are sharing data
This will,flow, and PANR are sharing learning so that they can also optimise their acreage