Member Info for gregpeck7

Same old rubbish being spouted now just in alaska, found loads of oil etc, really hopeful, great prospects, and it comes to nothing.. Just read this old classic. These wells were nightmares, but the way you read this, you would think they had struck gold!

Pantheon Resources PLC Operational Update
30/12/2016 7:00am
UK Regulatory (RNS & others)

Pantheon Resources (LSE:PANR)
Historical Stock Chart

From Jan 2018 to Jan 2023

Click Here for more Pantheon Resources Charts.
TIDMPANR

RNS Number : 0095T

Pantheon Resources PLC

30 December 2016

30 December 2016

Pantheon Resources plc

Operational update

Pantheon Resources plc ("Pantheon" or "the Company"), the AIM-quoted oil and gas exploration and development company with a working interest (of 50%-58%) in several conventional projects located onshore in Tyler & Polk Counties, East Texas, notes recent market speculation and is pleased to provide the following operational update:

VOBM#4 well, Tyler County, East Texas (50% working interest)

The VOBM#4 well has encountered two separate, potentially significant, hydrocarbon-bearing zones before it reached its primary (Eagle Ford sandstone) and secondary (Austin Chalk) targets. For both commercial and operational reasons, it has been decided to test the shallower of these two formations before any further drilling to deeper depths is completed. A lower cost workover rig is being brought in to carry out this testing while the Nabors F-12 rig has relocated to re-enter and complete the VOBM#2 well vertically, as previously announced.

The shallower of the two zones, the Wilcox sandstone, has been a prolific producing formation elsewhere in Texas and was encountered in VOBM#4 at c.11,700 ft depth over an interval exceeding 35ft, which compares extremely favourably to Wilcox analog producing wells. Additionally, a second formation which is both separate and independent from the Wilcox was encountered at below 14,000 ft depth, requiring intermediate casing to be set. This zone, in the highly fractured Navarro carbonate formation, also exhibited significant gas shows over a gross interval exceeding 100 ft during drilling.

In drilling through this second zone, the well suffered mud losses and, in order to section off this highly porous zone, it has proved necessary to set a 7 5/8ths inch casing section sooner than planned. This operation has been completed successfully. As a consequence however, drilling operations to the deeper, more highly pressured Austin Chalk and Eagle Ford sandstone formations have been halted until the potentially productive Wilcox formation can be tested. To continue drilling would have required an additional casing string and the consequent use of smaller tools, increasing the risk of possible future mechanical and/or environmental issues in the higher pressure deeper formations.

Drilling was halted at c.15,150 ft, some 400 ft above the target depth in the Eagle Ford sandstone. A drillable cast

How on earth this is not falling more... What a short opportunity from the Texans.. Will they ever drill a decent well?

Hopefully they go long today!

Agree, but 75p is not a resistance level.. 73p is... If it can just sure up above 74 it should really start a strong rebound..

Could well be a strong move up now.

Seems like luxury has done well over christmas, this should be reflected in results from the likes of Mulberry, pull back seems to be done now...Is this going to start moving up again?

Should be another big volume day. This is still crazy cheap.

https://amp.theguardian.com/australia-news/2023/jan/03/paxlovid-last-drug-in-the-cupboard-for-covid-as-variants-in-australia-evade-other-treatments

This is what you call, an escalating situation. Watch what happens as the news outlets go digging and come back to work. Covid is back and so is the fear.

Like wildfire, hospitals are struggling to cope. And this is just the start of it. Already a new variant has emerged. More will come . That means more pcr testing. Ignore the muppets like aim master and focus on the market cap. This is just about valued at cash at about 160p. Lots more gains to be had. Just needs to be allowed to grind higher. I’m thinking 250p minimum by Friday

And that means PCR tests

https://www.gbnews.uk/health/new-covid-variant-xbb15-which-can-evade-vaccines-surges-throughout-britain-highly-infectious/416210

Just wait to see the buys flying in UK side tomorrow. 2 euro will be blown away

Thinking similar 400p very much in the table for January. When this moves it really goes. The picture is flipping so fast and so will this stock. Don’t rule a buyout out either. Big pharmacy may just think now is the time. Covid ain’t going anywhere.

Ncyt the go to share. Watch the scramble to buy tomorrow.

Covid news coming thick and fast this will soon be over 2 euro. Just need to let some trade it round here.

Reading that all cases in india will be sent for sequencing.

Covid is back aim ‘master’ when you understand that. You will understand why this is rising. I know it’s a lot for your brain cell so do it slowly.

It’s obvious why it’s rising. Won’t need a ticket. It’s purely a supply and demand issue

Locked in auction again. There just are not enough shares to go around.

Agree entirely. And he cannot see that when they have around 100m in the bank and a cap of 70 they are not exactly being priced high. Hence a rise is easy to achieve. I suspect France could well smash 2 euro today as trading unfolds.