RE: They keep digging that whole and yet we continue to rise13 Sep 2023 09:30
Everything is possible now the CPR is out there
"I am delighted with this result. Netherland, Sewell & Associates is one of the most highly regarded firms in the industry, whose opinions carry great weight. They conducted an intensive review of the data that validates Pantheon's assessment of the scale of the resource. We remain on track to meet our strategic goal of delivering sustainable market recognition of $5 - $10 per barrel of recoverable resources."
"This really is a big deal. A credible third-party estimate of nearly one billion barrels of recoverable liquids for a company the size of Pantheon is an incredible achievement, validating our geological model. This is the first IER conducted on our largest asset and will have enormous value in financing discussions and in attracting potential partners. As I have repeatedly said, big oilfields continue to get bigger, and with additional wells and data points we expect this contingent resource to grow and for some or all to be classified as reserves once we achieve a Final Investment Decision."