Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Yes, it's amazing how 'under the radar' Pantheon is, ...considering they're on the cusp of drilling/testing what may turn out to be one of the largest prospects in North American history at Theta West/Talitha.
I added further to my PANR position on Friday.
I think this is arguably under-valued based just upon the development scenarios at Alkaid, which may have hundreds of millions of barrels of producible oil, conveniently located along and adjacent to the Dalton Highway.
And if Talitha/Theta West comes in good, this could really be a huge winner!
GLA.
jmo
I realize I may be going off on a bit of a tangent here, with the current focus understandably on the Beetaloo, however..
How about putting some OIL into Falcon Oil & Gas?
For example, how about something like finding a 'sweet spot' and doing a horizontal with multi-stage frac into the Mako Trough's Endrod Formation, ...where they've ALREADY tested moveable light oil from natural fractures.
From Falcon's AIM Admission document:
"4.3.2.5 Magyarcsanad-1
The evaluation program continued in 2006 with the Magyarcsanad-1. This well was designed to test the
southern end of the Makó Trough. The well was drilled to a total depth of 4,226 m and encountered the
Endrod and Szolnok formations. The well tested oil and gas from the Endrod formation at unstabilized
rates of 360 bopd and 1,100 Mcfd, declining to 65 bopd and 137 Mcfd without stimulation. The well has
produced/tested gas and light oil intermittently from the Endrod between November 2009 and July 2012
(cumulative production of 2000 Mcf of gas and 850 Bbls of light oil).
This is very encouraging in that it establishes the presence of mobile high gravity oil in the Endrod
formation. In addition, it indicates the Endrod in the area of the wellbore to be a naturally fractured
reservoir capable of delivering hydrocarbon. If future analysis and testing establishes the Endrod to
contain a pervasive natural fracture system, charged with hydrocarbon and capable of transmissibility of
the hydrocarbon, this could significantly add to resources of the basin."
https://falconoilandgas.com/pdf/Falcon_OIl_and_Gas_AIM_Admission_Document.pdf
Given the strong fundamentals we're seeing in both the oil and natural gas markets, ...perhaps it's time for Falcon's Board and Management to become more proactive with the company's basket of acreage interests.
just my opinion
It seems to me that's largely Santos' problem. They're the one who made that deal with the Court settlement, ...not Tamboran.
Luckily for Tamboran, they plan on drilling the Maverick 1-H well this year on their 100% owned and operated EP136 permit, ... the northern portion of which is smack dab in the heart of the 'Core Beetaloo'. ; )
jmo
"..and agreed not to undertake any further petroleum activities on EP161 at Tanumbirini Station until December 31, 2022."
Note: AT Tanumbirini Station.
I view this as they still may be able to conduct petroleum operations elsewhere in EP161.
Plus, they will continue to have these two current horizontals on long-term production tests.
jmo
I recently added more, (significantly more), to my PANR position, as the company embarks on a comprehensive appraisal/testing campaign, ...on their World Class acreage, with 100% working interest.
I think this one ticks A LOT of boxes, ...and opportunities like PANR don't come along very often.
GLA.
just my opinion
I'm not reading it as 30 days from now, ...but rather in 30 days from the initial start of the test.
Remember, Santos is the Operator of this block, therefore testing results and specific numbers may have to go through them first.
Anyway, ...it looks like the number we are aiming for, (and by "we" I'm referring to the Beetaloo operators and stakeholders collectively), is at least a solid 3MMcf/d from one or both of these 1000m horizontals.
Time will tell.
Fingers crossed!
jmo
Gas to surface...Both wells currently in the 'clean-up' process. More updates to follow:
https://hotcopper.com.au/threads/ann-tanumbirini-2h-and-3h-in-ep-161-flow-gas-to-surface.6512777/
jmo
It's nice to have the financing situation done and sorted.
Also, I was very happy to see that they still plan on getting to all three sites, Talitha, Theta West, and Alkaid.
Fingers crossed for good results on all fronts.
It should be an exciting 2022 for PANR!
jmo
I think they need to demonstrate higher flow rates. Not estimated rates, not 'total fluid' rates, but actual hydrocarbon flows (in this case, oil) in a real world setting.
Heck, even tiny Coho put out over 3000 BOE/d on test.
The numbers that have been put out so far on Royston just aren't enough to move the needle, imv.
I'm optimistic they can significantly improve these numbers going forward. But until that ACTUALLY happens, ...it hasn't happened. The proof is in the pudding, as they say.
Fingers crossed for good results going forward!
just my opinion
"Fracture stimulation of Tanumbirini 2H (“T2H”) and T3H wells has commenced, with initial flow
test results expected in December 2021."
“The EP 161 joint venture will now test the productivity of each well, with approximately 10 stages of fracture
stimulations per well in the target formation of the Mid-Velkerri ‘B’. "
https://hotcopper.com.au/threads/ann-operational-update-ep161-tanumbirini.6451769/
jmo
[ How] Much more of a kicking will the can take, it must be pretty well beaten up by now.
Good Question, Herbie. Post Recommended.
I sold most of my shares after today's RNS. Not everything, but most.
I get the feeling there's a whole lot of 'jam tomorrow', and 'kicking the can down the road' with this company.
Plus, ..I think the area where they operate may be an impediment to the kind of sale and/or monetization that many of us were hoping for.
Sorry, ..just sayin'.
just my opinion
I'd like to see some satellite infrared evidence of a significant flare at Royston.
So far, I haven't seen it.
I'll be very happy if and when I do.
I suspect this may be a factor in TXP's lackluster share price performance recently.
That's why I'm wondering if perhaps there's a further oil discovery at the 2nd interval test?
I guess another possibility would be if there's a significant increase in permeability in the middle formation, there may need to be an extra period of clean-up before getting to the main hydrocarbon flow test. In such a scenario, hopefully there wouldn't be any excessive formation damage restricting communication with the wellbore.
Just throwing a few things out there. I guess it's best to just be patient at this point. Even though I must admit, the share price action, coupled with the lack of infared flare evidence is making me a bit uneasy, ...especially after what happened at Chinook.
Fingers crossed for good results!
jmo
Still a ways to go, ...but it sounds to me like things may finally be 'kicking into gear' for VRS.
GLA.
jmo
Since others are mentioning various Namibia plays, let me throw another one into the ring from my portfolio, ...Pancontinental (PCL), which trades on the ASX.
Offshore Namibia actually has several different Basins, and Pancontinental has a significant acreage position in the Orange Basin in southern Namibia, not far from Total's acreage, (plus further interests to the north) and they've identified VERY large resource potential in their Blocks.
Therefore, ...given it's location, coupled with it's current tiny market cap, I believe Pancontinental may be the most 'levered' play on success at the Venus-1 well, (plus upcoming activity from other Operators in the area). DYOR.
Check out this presentation from 2020:
http://clients2.weblink.com.au/news/pdf_1%5C02313459.pdf
just my opinion
Royal Helium Reports That the Saskatchewan Government Launches Helium Action Plan - Province Aims to Supply 10% of Global Helium Market Share by 2030
"In May 2021, Saskatoon-based Royal Helium announced a significant helium discovery at its Climax project, which has the potential to be one of the largest helium discoveries in Saskatchewan history."
https://finance.yahoo.com/news/royal-helium-reports-saskatchewan-government-193500393.html
(I hold Royal Helium in my portfolio.)
jmo