Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
From August
https://www.rigzone.com/news/pantheon_confirms_2c_estimates_of_963mm_barrels_in_kodiak_field-30-aug-2023-173830-article/
Pantheon Confirms 2C Estimates of 963MM Barrels in Kodiak Field
by Rocky Teodoro|Rigzone Staff|Wednesday, August 30, 2023
Pantheon Resources plc reported a best estimate contingent resource of 962.5 million barrels (MMbbl) of oil and natural gas liquids (NGLs) for its 100-percent owned Kodiak Field on Alaska’s North Slope, the company said in a news release Wednesday, citing an independent expert report (IER).
The report, prepared by Netherland, Sewell & Associates (NSAI) on the Lower Basin Floor Fan reservoir of the company's Kodiak project, gave best estimates, or 2C estimates, of 314.6 MMbbl of oil, 647.9 MMbbl of NGls, and 4,465.2 billion cubic feet of residual gas.
'A credible third-party estimate of nearly one billion barrels of recoverable liquids for a company the size of Pantheon is an incredible achievement'.
Image by LYagovy via iStock
The NGLs on Pantheon's projects are of material value as they can be blended with the oil, the company said. The combined stream of oil, condensate, and NGLs has been estimated by management to yield approximately 90 percent of the value of the Alaska North Slope price per barrel, according to the release.
Pantheon said the IER supports the company's development plans for the Kodiak project, which will involve leases totaling some 126,000 acres, including the recently awarded additional acreage, delineated by the company's proprietary 3D seismic and confirmed by three wells: Pipeline State 1, Talitha-A, and Theta West-1.
“The field is defined as the hydrocarbon-bearing horizons contained within the large basin floor fan between the Hue Shale top seal and the underlying HRZ shale, from their downdip pinchout east of Talitha-A running to over 15 miles northwest into the new ‘chimney acreage’ acquired in the 2022 area wide lease sale”, Pantheon said, adding that it believes “this is one of the largest basin floor fan systems discovered onshore in the past few decades”.
"Netherland, Sewell & Associates is one of the most highly regarded firms in the industry, whose opinions carry great weight”, Pantheon Executive Chairman David Hobbs said. “They conducted an intensive review of the data that validates Pantheon's assessment of the scale of the resource. We remain on track to meet our strategic goal of delivering sustainable market recognition of $5 - $10 per barrel of recoverable resources."
"A credible third-party estimate of nearly one billion barrels of recoverable liquids for a company the size of Pantheon is an incredible achievement, validating our geological model”, Pantheon CEO Jay Cheatham said. “This is the first IER conducted on our largest asset and will have enormous value in financing discussions.
RagendaR.... snyde...
History F I L T U R D
Trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Pantheon Resources' historic earnings and revenue below, but keep in mind there's always more to the story.
Especially if they are growing.
Pantheon Resources already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Pantheon Resources' historic earnings and revenue below, but keep in mind there's always more to the story.
First phase ... finance
Sp will be LONG GONE when financed is announced....
... that is what i am waiting for?
Second Phase...drilling.
Third phase...paradise!
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Tedsandbach....i feel the same and can only assume cleverly orchestrated trolls are telling everyone nothing will happen for a long time ie next year. So pi's sell for now and/or trade until more news. Also Mangrove are getting help from the Mms to close their short at our expense.
Mms helping Mangits out...and taking stop losses themselves.
Cheeky fokkers.
If you ALL just ignored the troll and/or FILTER ....IT will fade away.
Try it....and he will go...?
Noos sooN
Imo
Disappointing...
I stopped checking hoping he'd be banned by now? Just like our poxy police the LSE is...f....ng useless!
Reuters: stop press-breaking news-Cameron Parry sells goal posts-buys new set/good for another 5 years:end
Having made a small fortune on Gulf Keystone back in 2009-10 i often wondered if THAT was it with my investing career. I convinced myself IT will never happen again. I took the attitude from then on "never fall in love with stocks". Largely that had proved to be true as nothing since had performed as good as GKP. Now, however, i feel i am getting another bite of the cherry and beginning to love PANR.
I actually LOVE these shares and will not sell any and believe there will be a steady rise all the way ad more and more add these to there portfolio. But i can't help trading off my other shares....nothing that can see comes anywhere close that is worth holding for the long term.
However, after GKP i never really thought it could happen again? For 2yrs we waited fot the naysayers to be proved wrong and there were many of them constantly trashing the company.
The wait was worth it...GLA
Gladineversold.com.uk
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Well done Gandernee...good luck.
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Hopefully it doesn't....be careful what you wish for.
Most have invested already without hoping for a retrace. I hope now that i have sufficient amount invested, it jolly well keeps going UP. FFS
All in my opinion...
I certainly believe we'll get news before xmas. News in November as well. There is always progress and new developments to report on.
Never say never...that is condusive to being negative. Always look on the bright side said Brian.
Positive. Lol
Aussie mining stocks do well...
Except UFO...down again. (Ffs)
Australian shares snap three-day losing run to rise on strong commodity stocks:
I'm tempted to believe we have a BoD that are somewhat lacking in drive to take us forward. It's as if they are clueless and have positioned themselves into a corner without knowing how to make best for shareholders.
I have never ever seen such a lack-lustre bunch of director with seemingly drag their feet for so long with no direction. They are taking far too long. Imo....sacrilegious
Gtm....r/soul complete!