The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Davwal Davwal there may be a more profitable use emerging where natural gas is broken down to produce graphene powder.
https://www.afr.com/companies/energy/the-battery-that-charges-70-times-faster-than-lithium-ion-20220808-p5b84s.
If this comes to scale, wont be too much flaring going on.
To have Brom commenting in both forums doesn't require your approval . Does it? Switching investment in the North Slope from 88e to PANR is logical enough. 88e was the main entry vehicle. Great Bear was a private unlisted company. PANR emerged after Alkaid 1 and the Sag flood.
White House Press Secretary Jen Psaki's refers to 9000 unused oil leases. What sort of leases; exploration, production?
Punditti in the O&G industry quote API's “The Red Herring of Unused Leases,” blog topic that it's a red herring designed to distract from the Biden Administration’s anti-domestic energy policies.
The author of the article, API's, Kevin O’Scannlain, referred to what owning those leases entails.
".......it’s not as quick and easy as merely flipping a switch, since it takes years of work to determine whether the leased land even holds enough oil to be commercially viable.
Then, there’s the long process of overcoming “administrative and legal challenges at every step along the way The lengthy process to develop them from a lease often is extended by administrative and legal challenges at every step along the way."
You don't say. Yeah tell us something North Slope investors don't know.
Seriously, those comments above are very important to this forum and our neighbour's at this moment.
They highlight the cost of "entry to the market" or cost of "a seat at the table" as it were.
Perhaps there may be a dose of corporate FOMO to follow when Thetha West results land.
Perhaps those leases in the lower 48 have too much other baggage/luggage of clean up and environmental conditions that span a variety of states as well as federal legislation.
Makes drilling in the SoA look good, doesn't it. Is there a salesman/person on the Slope?
The decision to start producing from Alkaid is appearing to be a master-stroke as far as PoC is concerned. Timing is fortuitous though the circumstances tragic.
Again....look for corporate fomo soon.
Biden may prove to be of assistance to 88e's prospects. On the supply side of the equation there is an advantage in no more exploration in critical areas. Even in the short term the geo-political advantage of being a prospective domestic field can't be ignored. Since Willow has USG endorsement then surely the advantage of proximity to the Dalton and TAPS would carry more weight with the market as this year progresses.
Brom and OIP.
With your assignment you may be able to enlist the help of an industry figure. Even though these boards are ostensibly ,like ADFVN, for the private investor I am sure I read there are one or two on this board.
17 May 2021
Pantheon Resources plc
("Pantheon" or the "Company")
Resource Upgrade - Basin Floor Fan
Pantheon Resources, the AIM-quoted oil and gas exploration Company with a 100% working interest in projects spanning c.160,000 acres, covered by 1,000 square miles of 3D seismic, conveniently located adjacent to transportation and pipeline infrastructure on the Alaska North Slope, is pleased to provide the following resource upgrade on its Basin Floor Fan Complex, which spans both the Theta West project and Talitha Unit.
Highlights
· Company P50 estimate of 12.1 billion barrels ("BBL") of oil in place ("OIP") and of 1.41 billion barrels of Recoverable oil in the Basin Floor Fan Complex, consisting of 11.0 billion barrels OIP and 1.20 billion barrels recoverable in the Lower Basin Floor Fan and 1.10 billion barrels OIP and 0.21 billion barrels recoverable in the Upper Basin Floor Fan
· Given discoveries in the Basin Floor Fan Complex, most recently at Talitha #A and previously at Pipeline State #1, the Company believes the above estimates could be categorized as Contingent Resources
· The Basin Floor Fan Complex is now referred to as the Theta West Project and includes the Talitha Unit
· Theta West contains two separate reservoirs, the Upper Basin Floor Fan ("UBFF") and the Lower Basin Floor Fan ("LBFF")
· VAS analysis confirmed the 600 ft of oil bearing interval in the LBFF Complex with +35 API oil at Talitha #A
· Pantheon expects a thicker reservoir section in the LBFF, with better porosity and permeability at the updip Theta West location
· Theta West, due to similar reservoir characteristics, is interpreted as a direct analogue to the producing Tarn oilfield deposition where recoveries are estimated to exceed 40%. Whilst Theta West appears larger in potential size, its depositional setting is deeper and therefore recoveries are not expected to be as high as 40%
I should have read last annual report. Shows both as 100% owned by 88e back then. I was assuming the Delaware version was created independently of 88E. Probably doesn't make any difference to possibility DW may use entity to finance some effort on North Slope. Time will tell I suppose.
Brom I think I am wrong in implying Regenerate is totally DW. However, Regenerate Energy USA Inc which owns Emerald House LLC 100%, is separate from Regenerate Alaska, Inc. Hopefully it may be a vehicle to retain what must be a very experienced team.
Regenerate now owns Emerald House LLC 100%. If you visit Emerald House in Perth WA go to the car park. Turn around, face the building. Move closer; you can see where DW carved his initials as an intern.
Keefy sorry for delay but I had to have my cocoa and go to bed. Another old boy. Regenerate is DW according to the trail. Registered in Delaware, domiciled in Texas, agent in Juneau. Smart move; gives your investors some anonymity. I was reluctant to mention DW until I notice insults still persisting on ADFVN from all the "are we there yet" mob. If the Slope loses DW as a player it would be like Chelsea losing Sam Kerr. BTW I have no depth of knowledge like Brom, Telemachus or on HC like Ya, Domum, Laz, O&W and a lot more on LSE. I just love hunting trolls and sock puppets.
This may help.
Try Google
88 Energy Limited subsidiaries
BTW Emerald House Perth has a few interesting tenants. It's like a sorta Kung Fu residential for emerging corporate monks.
The trail leads to Delaware. For what it's worth we (i.e. LTHers in North Slope) may see the re-emerging of one of the most seasoned, experienced and adept players on the slope.
Interesting links such this one over on LSE 88e. All to any North Slope players. Even though dated some weeks back may not have been mentioned here. Brom and Keefy have more info.
https://www.petroleumnews.com/pntruncate/989727606.shtml
JofHoggit
Thank you for replying to the odious claim that “ Farallon paying bribes to GB founders 'by cheque every month”
I knew you weren't the author. I couldn’t find it in your posts. However, I can see when you were targeted. There is a playbook happening here so try not to take it too personally when accused of lying, misleading, misdirection etc“. Relax and watch the hole being dug.
BTW I, also, was curious about Farallon's activity and how it may affect minnow shareholders. Got too complicated. It may be one or some of the original 30+ GB investors have a greater priority for immediate funds. Alternatively, your suggestion maybe closer.
“UNLESS they are selling to get funds together to fund one or more drills as a 'farm-in partner' for circa 50% stake in the asset.”
Wouldn't surprise me if DW popped up as the CEO. Oh and CD as CFO.
I am understanding correctly that todays PANR notification indicates GB etc have a bankroll of £30 million.
Let's see how it pans out (excuse pan pun).
Who the hell are you to be giving me assignments. This is a chat board not your fiefdom.
"Now then, JimBeaux. How are you getting on with explaining why Dave Wall introduced the "overlap from Talitha" theory in the latest RNS? It was a multiple choice question....a) or b). Finding it tricky being forthcoming on a matter you wish to ignore v's happy to be outspoken in attacking me?"
"That, JimBeaux, is the very definition of a hypocrite. You are a hypocrite. Fact."
Definitively speaking of course.
Get back on your medication asap and stop being such a twerp.