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As opposed to that after the first RNS what was

subdued ,Max went to the conference and used

the word "exciting"

If he knew the well was a Dud and the companies future depended on it ,why would

he be upbeat at a conference,you would think

he would be subdued and disappointed.

Panr tweeted about the news about the LNG

pipeline about a hour ago , are they signalling ?

Decent U/T

The share has dived at the end of the last two

trading sessions ,hopefully we break that pattern

tonight

The US OTC market finished at $ 0.275 or around

21 p

I doubt it will go to 14p before news ,perhaps after.

They also made a comparison with alkaid , why

did they say they are as confident as ever, if it

a dud as you say.

Zoekir , The company must be purposely

misleading the market according to you ,I

assume the company has some knowledge of

the drill.

When the market received the RNS on the 2nd

Dec the market said this is not good.

The company came out with an "emergency"

proactive interview to say, hold on the Market

is wrong things are going as planned we are as

confident as ever .

They clearly know what's happening, if things

were not good why would Max and David purposely try and mislead the market .

Todays share action will be interesting.

Yes still a large market cap ,so priced to succeed

in the long run.

Https://www.reddit.com/r/3CPG_PetroleumGeology/s/mvKXp7lecD

Hi Blatav1 here is the link ,it was a long essay what

I posted was a small part,I hope the link works.

Ezhik , they can differentiate between frac water

and Formation water apparently it's checked

on a regular basis

The flow path through a sandstone reservoir is a function of Tortuosity and Differential Pressures - Example is the Pantheon Dubhe-1H well. Plus additional Reservoir and Gas information. A Lunch and Learn Post.

>To the readers: The information below is fundamental, basic, elementary, introductory, and primary but it is essential to understanding O&G. Not for Discord Type discussions. Not knowing something is not a valid argument against it.

In Sandstone reservoirs, the pore space is the storage, The fluids such as oil, gasses and water occupy the pore spaces The connectivity from one pore space to another is the permeability. How the entire systems flows to a well bore is Tortuosity. Pantheon Resources Plc Dubhe-1H SMD-B is a sandstone reservoir with complex lithology and description.

I covered this subject material in greater detail in this Reddit Sub at this link: [https://www.reddit.com/r/invictusenergy/comments/18w8om2/a\_lunch\_and\_learn\_sandstone\_pore\_space/](https://www.reddit.com/r/invictusenergy/comments/18w8om2/a_lunch_and_learn_sandstone_pore_space/) I just want to add some more information and direct the reader to more information.

Sandstone tortuosity is a measure of the winding, convoluted path fluids (like water, oil, or gas) must take through its interconnected pores, defined as the ratio of the actual, longer flow path length (Lt) to the straight-line distance (L) between two points (τ = Lt / L). Higher tortuosity means a more twisted path, increasing resistance, reducing permeability, and slowing transport of fluids or solutes through the rock. See image below. The Dubhe-1H reservoirs are gas saturated and it is the Gas Expansion in the reservoir flowing towards a lower pressure area such as the well bore back to surface is the energy to allow the well to flow, No gas = no flow - period. In oil reservoirs, the gas is in solution and expressed as the GOR. As example; the reservoir has Gas Pore Pressure of 3,500 PSI. The well is flowing to atmospheric pressure of 14.7 PSI. The differential pressure between the reservoir and the surface pressure is what provides the Expansion Energy. In this example, about 3,485 PSI. One cubic foot of gas in the reservoir becomes about 600 cubic feet at the surface. This is the PVT relationship using the Gas Laws.


The Pantheon Resources Plc Dubhe-1H is a long 5,200 foot laterals that cross-cuts the sandstones that were deposited in a Shelf Margin Deltaic System (see image below.) The lateral connects the multiple individual types of reservoirs to the single well bore. The Dubhe-1H was fractures stimulated in 25 separate stages using Plug & Perforate Methods. The Deltaic environment contains Pro Delta and Delta Front, distributary channel, splays, overbank, and many other types of depositions due to the fresh water river channels transporting sediments that are then dumped into a marine (ocean or sea) environment. This means that there is no

In a previous webinar they said they were confident of success at Dubhe-1 , they said last week they are still as confident as they were a

month ago ,they have the information they know

what it means .

They said they were as confident as ever ,you

are suggesting they purposely misled the

market with the interview , unlikely in my

Opinion

I keep on thinking about the last RNS ,the market

reaction and the company reaction.

The market was disappointed, if the company

was in anyway disappointed they would of kept

quiet ,the fact they wanted to say the market was

wrong and they are confident is bullish to me.

Why would they do it unless they were truly

confident of success, it would make no sense they

would be misleading the market, which they know

is unacceptable.

I guess investors/ traders will either get Fomo or

cold feet until the result , who will win out ?

Positives after 20% , M E was very positive at

Alaska resource conference.

At 40% they were quick to reassure the market,

If the market was correct on that morning they

would of stayed quiet ,which is an important

distinction.

The emphasis on safety and efficiency is for

a wider audience I think.

The update on costs was strange .

Negative the well could be gas dominated .

All dependent on the success of the well I would

imagine ,thats the only thing that matters at the

moment.

Current Henry hub price $5 , natural gas futures

are elevated as natural gas is the new oil and

will help power data centre boom.

When pantheon agreed to sell the gas for a

Maximum of $1 per unit ,the natural gas price

was less than $3 , it's in Alaska's interest to get

this financed , they are not getting giveaway gas

anywhere else.

Pantheon are "giving" the gas away relative to

current Henry hub prices , so the LNG partnership

will have a vested interest in making sure Finance

is available to pantheon , no one else is going to

give their gas away , natural gas is the new "oil",

if all goes well financing won't be a problem.