Member Info for Mickcat

Https://gov.alaska.gov/governor-dunleavy-applauds-house-passage-of-alaska-lng-bill/

Let’s just hope it’s Donald Trump 😂

ATHENS, Greece, Jan. 20, 2026 /PRNewswire/ -- Danaos Corporation, one of the world's largest independent owners of containerships, (the "Company") (NYSE: DAC) announced today a strategic partnership with Glenfarne Group LLC ("Glenfarne Group") to advance the Alaska LNG project.

More specifically, Danaos Corporation will make a $50 million development capital equity investment in Glenfarne Alaska Partners LLC while it will also be the preferred tonnage provider to construct and operate at least six LNG carriers to deliver LNG to global customers for Glenfarne Alaska LNG, LLC, majority owner and developer of the Alaska LNG Project

Asked about Dubhe1 success:-

Pantheon (Dubhe-1) Compact Value Summary

Resource size: ~589 million marketable barrels

If Dubhe-1 flow test confirms commerciality:

1. Likely Farm-In Valuation Range

Industry uses $3–$10 per barrel for contingent resources.

➡️ $1.8B – $5.9B total project valuation

➡️ Pantheon’s share depends on the % sold (typical 20–50%):

Pantheon could receive roughly $600M – $2.5B in cash + carried costs.

⸻

2. Full-Field Revenue Potential (Over Life of Field)

Using realistic recovery (40–60%) and $70–$90 oil:

➡️ $18B – $30B gross revenue over the project’s lifespan.

⸻

3. “Quick Take” Translation

• Farm-in success → billions, not millions.

• Pantheon likely secures ~$1B+ of value if the test confirms good flow.

• The field itself could generate ~$20B+ of oil sales long-term. 🤞 🥂

Getting fed up of waiting for an RNS alert and attempting to decipher satellite and webcam images ……. Just checked out flights from UK to Anchorage and on to Deadhorse round trip £2341.00 I ll get the damn photos myself :-) maybe more cost effective than watching this share drift further :-)

Practical thresholds to remember

• 1,000 bbl/d = strong commercial result; likely to materially change reserves and valuation assumptions.

As a layman I asked ChatGPT what flow rates from Dubhe1 would be deemed as commercial. Whilst there are a number of factors for your reading this is what was returned.

Good question — short answer first, then concise worked examples and a simple economic check so you can judge commerciality for Dubhe-1 (5,200 ft lateral, 25 stages).

Short answer:

For a 5,200 ft lateral with 25 plug-and-perf stages, a practical commercial target would typically be in the ~500–1,000 barrels of oil per day (bbl/d) range (IP30/IP60 basis), i.e. ~20–40 bbl/d per stage (or ~0.096–0.192 bbl/ft). Below ~300–400 bbl/d you’re usually in a marginal zone unless CapEx/opex and access to processing are unusually cheap. Above ~1,000 bbl/d you’re clearly in strong/commercial territory for most onshore projects — especially from an AIM-listed explorer where single well results drive valuation.

Why that range? It balances:

• the long lateral (5,200 ft) where per-ft productivity expectations are higher,

• the relatively large number of stages (25 → ~200 ft/stage) meaning per-stage contribution matters,

• typical well economics / payback logic (illustrated below).

How to evaluate using the figures you gave

Use these simple metrics and formulas. Replace the example numbers with actual reported numbers.

Key metrics & formulas

• Oil per stage (bbl/d/stage) = Oil rate (bbl/d) ÷ # stages

• Oil per foot (bbl/d/ft) = Oil rate (bbl/d) ÷ Lateral length (ft)

• BOE/day = Oil bbl/d + (Gas mcf/d ÷ 6)

• Gross revenue/day ≈ Oil bbl/d × Oil price ($/bbl) + Gas mcf/d × Gas $/mcf

• Net cashflow/day (approx) ≈ Gross revenue/day − (royalty & transport & opex)

• Simple payback (days) ≈ Well CAPEX ÷ Net cashflow/day

Worked example scenarios (accurate arithmetic)

Lateral = 5,200 ft; stages = 25.

1. Low / marginal case — 300 bbl/d

• Per stage = 300 ÷ 25 = 12 bbl/d per stage

• Per foot = 300 ÷ 5,200 = 0.0577 bbl/d per ft

• At $80/bbl and assuming net (after royalty/opex) ~$60/bbl → net/day = 300×60 = $18,000

• If well CAPEX ≈ $8,000,000 → payback ≈ 8,000,000 ÷ 18,000 ≈ 444 days (~1.2 years).

Interpretation: marginally viable if infrastructure and processing available; higher risk.

2. Mid / target commercial case — 800 bbl/d

• Per stage = 800 ÷ 25 = 32 bbl/d per stage

• Per foot = 800 ÷ 5,200 = 0.1538 bbl/d per ft

• Net/day (assume $60/bbl) = 800×60 = $48,000

• Payback on $8M CAPEX = 8,000,000 ÷ 48,000 ≈ 167 days (~0.46 years).

Interpretation: economically attractive; would normally be considered clearly commercial in many onshore plays.

3. High / very commercial case — 1,500 bbl/d

• Per stage = 1,500 ÷ 25 = 60 bbl/d per stage

• Per foot = 1,500 ÷ 5,200 = 0.2885 bbl/d per ft

• Net/day (assume $60/bbl) = 1,500×60 = $90,000

• Payback on $8M = 8,000,000 ÷ 90,000 ≈ 89 days (~0.24 years).

Interpretation: excellent — immediate commerciality and str

IP24 / IP7 are likely to be reported imminently according to typical timelines after stimulation early bed Sunday night and set your alarm clocks guys this is what we have been waiting for 🥂 GLLTH

The burners are lit ready for lift off hold tight 🔥

Https://agdc.us/wp-content/uploads/2025/08/AGDC_Board-of-Directors-Meeting_Presidents-Report_August-2025.pdf

Mentions Ryder Scott appointed to undertake independent review of Great Bear Pantheon

Just posted on Truth Social by POTUS note the $100 BIllion LNG 🥳🥂

I am pleased to announce that the United States of America has agreed to a Full and Complete Trade Deal with the Republic of Korea. The Deal is that South Korea will give to the United States $350 Billion Dollars for Investments owned and controlled by the United States, and selected by myself, as President. Additionally, South Korea will purchase $100 Billion Dollars of LNG, or other Energy products and, further, South Korea has agreed to invest a large sum of money for their Investment purposes. This sum will be announced within the next two weeks when the President of South Korea, Lee Jae Myung, comes to the White House for a Bilateral Meeting. I would also like to congratulate the new President on his Electoral Success. It is also agreed that South Korea will be completely OPEN TO TRADE with the United States, and that they will accept American product including Cars and Trucks, Agriculture, etc. We have agreed to a Tariff for South Korea of 15%. America will not be charged a Tariff. I would like to thank the Trade Representatives who came forward today. It was an Honor to meet them, and talk about the Great Success of their Country!

ANCHORAGE, Alaska & NEW YORK--(BUSINESS WIRE)--Glenfarne Alaska LNG, LLC (“Glenfarne”), a subsidiary of Glenfarne Group, LLC and majority owner and lead developer of Alaska LNG, a joint venture with the State of Alaska’s Alaska Gasline Development Corporation, announces that it has completed the first round of its Strategic Partner selection process, with over 50 companies participating from the United States, Japan, Korea, Taiwan, Thailand, India, and the European Union. These potential partners have formally expressed interest for over $115 billion of contract value for various partnerships with the Project, including equipment and material supply, services, investment, and customer agreements.

Note the last sentence Pantheon …..

PRESIDENT TRUMP: "We have potentially more oil and gas than Saudi Arabia just in Alaska. We have the most of any country in the world. It's a big asset for the United States but we haven't used it... It's an amazing phenomenon that took place over the last four years."

From the Whitehouse 🥳🥂

(a)  fully avail itself of Alaska’s vast lands and resources for the benefit of the Nation and the American citizens who call Alaska home;

(b)  efficiently and effectively maximize the development and production of the natural resources located on both Federal and State lands within Alaska;

(c)  expedite the permitting and leasing of energy and natural resource projects in Alaska; and

(d)  prioritize the development of Alaska’s liquified natural gas (LNG) potential, including the sale and transportation of Alaskan LNG to other regions of the United States and allied nations within the Pacific region.

(ii)  prioritize the development of Alaska’s LNG potential, including the permitting of all necessary pipeline and export infrastructure related to the Alaska LNG Project, giving due consideration to the economic and national security benefits associated with such development.

Donald Trump just addressed the nation and said “ we will unlock the liquid gold beneath our feet “ 🥳