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.
:-)
https://x.com/flight_useful/status/1786354738130309209?s=46&t=c4s50NWXswiWg9BVziGoag
:-)
https://x.com/flight_useful/status/1786354738130309209?s=46&t=c4s50NWXswiWg9BVziGoag
Overview of Developments. I’ve written an update on PANR in response to questions being asked.
https://www.reddit.com/r/PantheonResourcesPANR/s/amvgPtaAUp
Posting it here for your info. As it pencils out the current opportunity for State backing of O&G companies on the N/slope.
My Discord, if you join is not a place for PANRv88e infighting and any such posts will result in banning.
But there is a link at the bottom of article. So if you find yourself in Flights investment server [FIS] play nicely.
All the best
Flight ✈️
AlaskaLNG Update:
https://www.anchorage.us.emb-japan.go.jp/itpr_en/meeting_with_agdc1.html
On April 22, 2024, the Consular Office of Japan in Anchorage convened with President Frank Richards and Senior Principal Matt Kissinger from the Alaska Gas-line Development Corporation (AGDC) to delve into the Alaska LNG project.
During the meeting AGDC presented a comprehensive update about the Alaska LNG project tracing its history and highlighting its recent shift to a phased approach. With an initial focus on serving Southcentral Alaska's energy needs, the project aims to ultimately reignite connections with the Asia-Pacific. The mega project will leverage knowledge from the United States’ first exports of LNG to Japan from Alaska, Alaska's Carbon Sequestration geology, and the abundant resources of the North Slope. This meeting builds on the previous Alaska LNG summit convened in Tokyo by Ambassador Rahm Emmanuel. Given the vast scope of the project AGDC has opened discussions with various international and domestic firms to both finance and expand to meet growing global demand for clean energy. The project's first phase plans to connect Southcentral Alaska to the North Slope via a new natural gas pipeline. Eventually the complete project hopes to export surplus gas to the Asia Pacific.
Head Consul Hamada expressed his hopes for the successful implementation of the project and further collaboration between Japan and Alaska.
Grifter!? Free research mate. ✈️
With this Bill going though today, I wouldn’t want to be short. Lol.
It points to the state legislature being changed to allow more favourable tax and royalty. Encourages more capital investment.
“The levy of tax under (e) of this section may not exceed zero for gas that 24 was 25 (1) explored for only on or after June 5, 2023; and 26 (2) offered for sale to an in-state electric or heating utility before being 27 offered for sale to another person.”
Secondly, allows for Loan facility. There are a number of funds but I’m unsure which this relates too. There’s mention of:
•Power Development Revolving Loan Fund
•Artic Infrastructure Development fund.
There is a House Bill 388
Scheduled for today. 1pm Alaska time (9pm GMT)
https://www.akleg.gov/basis/Bill/Detail/33?Root=HB%20388
https://www.akleg.gov/PDF/33/Bills/HB0388A.PDF
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Separately, There’s also been recent Legislation change (House Bill 223) granting access to Alaska Industrial Development and Export Authority — AIDEA - which holds 1.5b$ of state funds.
Here’s some background on that narrative:
Testimony statement:
TO; Alaska House Resources Committee FROM: Lynn Willis, Eagle River, Alaska RE: Public Testimony relating to HB 223 (Tax & royalty for certain gas) February 7, 2024
https://www.akleg.gov/basis/get_documents.asp?session=33&docid=28668
Back ground Article: ‘You drill it, or we will’!
Alaska Industrial Development and Export Authority — AIDEA, which was granted by the Legislature the power “to acquire, manage, and operate projects as the authority considers necessary or appropriate to serve a public purpose;” Alaska Statute 44.88.080.
https://www.adn.com/opinions/2023/12/27/opinion-the-solution-to-cook-inlet-gas-supply-is-under-our-noses/#:~:text=A%20number%20of%20options%20are,and%20royalties%2C%20or%20completing%20project
Posted more research in Flights Investment Server. 👍
Sure.
When PANR say they are in discussions for supply of natural gas in an RNS, the truth of that statement is regulated by the NOMAD. In order for PANR to supply gas via common carrier pipeline, it’s gas HAS to be meet pipeline quality standard (pipeline is the only economic way of gas delivery) which requires that CO2 content is less than 3%. Therefore in order to enter discussions with consumers Pantheons gas has to be below the co2 3% threshold. Otherwise its gas would remain a stranded asset just like Prudhoe (co2 12%) and Point Thompson (co2 4.5%).
It’s really not a difficult thing to read an RNS and understand its implication, when one understands the regulatory framework in which PANR operates to release information via RNS and release its pipeline quality gas into a common carrier pipeline with zero carbon reduction treatment.
Lol. Brevarthan - You remind me of the Abraham Lincoln quote “Only two things are infinite, the universe and human stupidity, and I’m not sure about the former”!
Seems there is a ridiculous character limit. Here’s the link to Flights Investment Server, if you want to read this post.
https://discord.gg/SCZ6PtcWfp
And the message link:
https://discord.com/channels/827703739687239690/827703740143763466/1214879490354839623
All the best
Flight ✈️
These web based sites are so limiting….🤷♂️
I think PANR would have known that the AGDC were presenting to the finance subcommittee. The fact it is now confirmed it’s PANR’s gas that is pipeline quality worthy
Hello all, Flight here. ✈️
A link to Flights investment server:
https://discord.gg/jrJy2EkJC2
Feel free to join share the link. Download the discord app to desktop or mobile. Then use the link above.
Please read the newbie rules. Enjoy various channels to quickly access: archived company info; geology experts; pro contributors; broker notes. Also working on streaming L2 (all free) and possibly broker services.
All the best,
✈️
It may be easier to read the original post on Reddit where hyperlinks and infographics display correctly. AlaskaGeophiz and I chatted over a period of months and this post is the culmination. I’m unsure if it has been posted here as I don’t read this board often. Hope you enjoy the thesis and conclusion but the whole article is on Reddit. Best, Flight.
https://www.reddit.com/r/PantheonResourcesPANR/comments/sxidyl/this_post_aims_to_present_why_we_can_be_confident/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
x2kkpnx)
**Thesis:**
If only based on the science of compaction and DMAX theory we should see LBFF porosities increase by about 5% going from Talitha to Theta West. This will improve permeabilities near the top of the Theta West LBFF by about 1 log unit (or about 10x oil flow rate). That would give a possible oil rate of nearly 400 to 700 bopd if 3 zones are stimulated near the top of the LBFF. However, Pantheon may comingle more than three stimulated zones since the reservoir is considerably thicker at Theta West and some of the reservoirs near the base LBFF may only see a 5x improvement due to Dmax improvement (remember Theta West base LBFF Dmax is 11,210 ft). Pantheon may also choose to do multiple well tests to get pressure data in the best poro-perm sands (e.g., channel facies).
In addition to the Dmax perm rate improvement of up to 10x (near top of LBFF) we should also see an improvement due to better reservoir facies (like channel facies), similar to what the Tarn analogue shows. Going from distal basin plain (seen at Talitha LBBF) to channel facies could increase oil rate by another significant amount. Another 10x improvement would increase the commingled (3 zone) rate to about 4,000+ bopd.
**Conclusion:**
• Theta West was drilled in a better position than Talitha. Based on Dmax and more proximal better-quality reservoirs, we expect Theta West to have much larger oil rates, and **we hope to have shown how a minimum rate of 400 bopd is achievable with the potential of a further 10x uplift according to the science and hitting the sweet spot.**