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Hobbs said according to the report, the 2C contingent resources of oil and natural gas liquids from the Kodiak project amount to 962.5 million barrels
Encouraging but of course they need to get it out of the ground.
I'm hoping the latest project will help with their general understanding.
Should get more information in a few weeks time.
Catching up on my reasearch.
Pantheon Resources announces independent expert estimates 962 million barrels for Kodiak field.
Pantheon Resource CEO Jay Cheatham and Executive Chairman David Hobbs joined Steve Darling from Proactive to discuss significant developments regarding the company's Kodiak project, formerly known as Theta West.
Cheatham shared insights from an Independent Expert Report, providing estimates of contingent resources recoverable from the Kodiak project. Hobbs said according to the report, the 2C contingent resources of oil and natural gas liquids from the Kodiak project amount to 962.5 million barrels of marketable liquids. Cheatham highlighted the significance of NGLs within Pantheon's projects, noting their material value. These NGLs can be blended with oil, enhancing their combined stream's overall value.
Management's estimation indicates that the combined stream of oil, condensate, and NGLs can yield approximately 90% of the value of the Alaska North Slope price per barrel.
Cheatham outlined the company's future plans, specifically regarding the Kodiak project. Pantheon Resource intends to drill the next Kodiak well in an area significantly up-dip from the previous Talitha-A and Theta West-1 wells. The decision is based on the anticipation that the lower depth of burial in this area will lead to improved reservoir characteristics compared to the previous wells. This strategic approach underscores the company's commitment to optimizing its exploration and production efforts.
To inform these plans, Pantheon Resource has developed a detailed geological model that incorporates data from wells in the immediate area, including the Tarn and Meltwater fields. This approach leverages the latest geological insights to enhance decision-making and maximize the potential of the Kodiak project.
Lonny Baumgardner
@lonny1971
Simply look at his followers and who he follows.
A poster on here was asking about predator. I think a few of us hold that one. Well worth a look. Should start testing around tomorrow.
On Predator's managing director's twitter account you can see all his contacts. Interesting that he has one person blocked and is also blocked by that person. It is of course oilmanjim.
He is so utterly awful and full of deception that a managing director of a oil and gas company he often talks about has blocked him.
Why is that Jim/Louis ?
Sums him up....
Meant telegram !
Great post seabright and thanks !
Hope it's ok to repost on twitter.
Maybe a Lonny tweet soon 😄
This LSE BB has, without doubt, become totally controlled by one person. You all willing reply and talk about him in every post. Every day for months now you all write about him.
Why ?
I've set up a telegram Chanel but to date only one person has joined. Also a good discord Chanel.
Telegram: PANR.
Telegram if anyone wants to join .
PANR
If you have telegram simple search for PANR. Hopefully it will work.
****/panr1
will not clutter bb any more. it's set up i think lol
*************+ynrmocadwsg2mgq0
not sure if it works.
basically this site has become toxic
Just setting it up now. Telegram and search PANR
*************+ynrmocadwsg2mgq0
I've started one as LSE has become useless for reading real information.
Telegram. PANR
Is the a telegram account for panr ?
Still a green filter after a few posts.
Let's talk about PANR.
The Alkaid-2 well was drilled in 2022 and was positioned to prioritise testing of the primary target (or 'zone of interest', "ZOI"), being the oil zone successfully flow tested in the Alkaid-1 well in 2019. Testing of the ZOI was compromised in Alkaid-2 as a result of wellbore blockages, necessitating a number of cleanout and other remedial operations. Ultimately, the ZOI produced an IP30 production rate of c.505 barrels per day ("BPD") of marketable liquid hydrocarbons consisting of oil, condensate and NGLs, as well as natural gas.
Norway and North sea are important for UK as is CNG.
The world is troubled and any responsible government should act to protect their security of supply.
Ireland don't have any back up. They will be found out.
Security of supply is never 100% guaranteed . Best to have a back up just in case.
Will the green policy keep the lights on?
Minister Ryan, how is your reserves of gas looking?
Sorry did you say you don't have any gas stored for rainy day? Ah yes you have wind power!
if there was a problem with the supply via the UK, how would the government deal with no gas to run the generators?
https://x.com/OffshoreIreland/status/1712495913799655531?s=20
From their web site:
Pantheon’s near-term focus is to prove the reserve and commercial potential of its discovered resources at Greater Alkaid and Talitha where Pantheon believes a world class resource has been discovered. This includes discovered and tested light oil at Greater Alkaid and discovered light oil at Talitha in both the Brookian and Kuparuk formations. Recent work has continued to upgrade the resource potential in these two oil accumulations. The Talitha Area Unit (44,463 acres) and the Alkaid Unit (22,804 acres) were formally approved by the State of Alaska, Department of Natural Resources ("DNR") in November 2020. Both Units are near each other and are located adjacent to both the Trans Alaska Pipeline System ("TAPS") and the Dalton Highway approximately 20 miles south of the Prudhoe Bay Unit, and 25 miles southeast of Kuparuk River Unit which are two of the largest conventional oilfields in North America.
Where are we now with proving the reserve and commercial potential of its discovered resources at Greater Alkaid and Talitha? The LTH will have a better knowledge of where we currently are.