Member Info for Blackadder2708

Nice opportunity to pick up a few more shares today
before news

Hopefully Monday :)

According to videos on twitter we still have a flare
from this morning…

Wont lie was waiting for a RNS to pop up but hey!
good things come to those that wait!!!!

Just a wee operational update would be just dandy.

Link to ADZ black magic satellite views
https://twitter.com/adz_uk22/status/1580060774994939904?s=46&t=4QfBmVmKRnPxCkxvvtubtA

https://youtu.be/1MQv7LC9Fn0

Alkaid pad video from a month or so ago
Most of the kits changed now but certainly looks bigger than the planning drawing shown.

Telemachus is a wise sausage

But this happens to be something I’m very familiar with
on offshore rigs

The flare can be anywhere within the event area (in this case 300ft from the well (shown on drawing) and with a Prevailing winds from the east-southeast September through March;
So location shown on layout to location shown on satellite is perfect .

Why it isn’t in the same location as the layout drawing will be because of additional capacity mentioned
later from original planning.

The area outside of the event area will be full of cabins and safe areas (radius shown on layout)

Additional capacity will only be stored within the radius
so things would have been moved about within reason

Apparently satellite flare photos out…

It’s amazing how the tides have turned regarding oil.
Was only 2 years ago when Cramer made the comment
“oil is the new tobacco” comment.

Could have been the storm and floods restricting travel
the other week . Just a thought !!!

Interesting to see reminder

6th September 2022
Operations update - Alkaid #2
The Nabors 105 rig, used to drill the Alkaid #2 well has been fully demobilised, and wireline and completion equipment is now on location where completion operations have commenced. The well will be perforated, stimulated and plugged off in sections, prior to the commencement of flow testing, anticipated in early October.

Procurement and mobilisation of production facilities
Pantheon is pleased to advise that it has upgraded the capacity of the production facilities, which are currently enroute to the North Slope. The increased capacity of these modular facilities is sufficient to process oil production from multiple wells.

*Maybe delays with the modules

But nevertheless fingers crossed for positive results

Just a reminder

Operational Update
The Company is pleased to report that the completion and stimulation phase at Alkaid #2 has concluded, and a production packer has been set. Completion equipment is currently being demobilized and preparations are underway for flow testing. The Company will shortly commence commissioning its facilities which were recently increased in capacity in order to handle potential additional production. A workover rig is estimated to arrive to location over the next week to ten days to install production tubing prior to commencing flow testing operations. A significant amount of fluid was introduced into the well during stimulation procedures which will return first during the 'clean-up phase', prior to the subsequent commencement of oil production later in October, if successful.

Work over rig

should be onsite now

26th September operations update

“A workover rig is estimated to arrive to location over the next week to ten days to install production tubing prior to commencing flow testing operations.”

Me thinks that Monday-Wednesday is when scheduled Work over RIg arrives at the well.

Not long now

Interesting Drilling animation
https://youtu.be/VY34PQUiwOQ

It will do when oil is flowing :-)

Thanks for that ( I work out capacities of drilling storage for fluids etc for drilling myself as part of my job (not fracking) )

I’m aware of the amount planned but was interested in the statement as though they are surprised by the amount
Does this have significance? Wider fracked area or successful or less successful frack

Olderwiser
This seems like your drilling area of expertise !!
What’s your understanding “significant amount of fluid”?
(Why would it be any more than normal?)

“A significant amount of fluid was introduced into the well during stimulation procedures which will return first during the 'clean-up phase', prior to the subsequent commencement of oil production later in October, if successful.”

“We look forward to updating the market with the initial results of the flow test in due course“

Maybe a tad late with the RNS but sounds great.
All in order…..

exciting few months ahead.
Good job they are trading in the US. :-)

I understand the SP’s gone down but nothing else has changed YET !!!
BOD took a bonus before flow test and a flare is required for longer (that’s good I believe )

Not sure that warrants a huge drop but that’s life .

Was sitting at 130-140 with more risk so seems bizarre.
I did sell at a reasonable amount and buy back in so increased
my shares then today bought some more.

May go down next week who knows but my plan is 30 day flow test and onwards . Didn’t follow my trajectory on my flow chart , nevermind !!!

Have a good weekend, at least it won’t go down Saturday and Sunday

Good call 3stand

Gas reinjection is the reinjection of natural gas into an underground reservoir, typically one already containing both natural gas and crude oil, in order to increase the pressure within the reservoir and thus induce the flow of crude oil or else sequester gas that cannot be exported. This is not to be confused with gas lift, where gas is injected into the annulus of the well rather than the reservoir. After the crude has been pumped out, the natural gas is once again recovered