Member Info for mlf51

Whilst theWest sak and Ugnu zones in the Alkaid well are shallower than the ZOI, they are both deeper than the West sak and Ugnu zones already discovered in other wells, therefore could be of a higher API. GLA

Maybe some buying in for news next week.GLA

The name gives you a clue.

Should get some Texas news soon to keep the spirits up.GLA

Nigoil
Are you saying if we don't hear anything within 2 weeks the ZOI is not commercial.

(e) Unless disclosure is required under Article 17 of MAR, an AIM company may delay
notifying information under this rule if it is an impending development or a matter in
the course of negotiation provided such information is kept confidential. The AIM
company must ensure it has in place, in accordance with rule 31, effective procedures
and controls designed to ensure the confidentiality of such information to minimise the
risk of a leak.

So what happened to the AIM rules.

Not saying much we haven't already heard, results in 4/5 weeks.

JS490
This from the RNS of 25 Feb
Each of these zones has major productive oil field analogues nearby, providing confidence in understanding the potential reservoir development options in the event of successful testing operations. Updates will be provided at the conclusion of testing operations, or as otherwise required in accordance with AIM rules.
It's the " in accordance with AIM rules". That is interesting as AIM rules say that "an AIM company must issue notification without delay any developments which if made public could lead to a significant movement in the SP".
So we shall see.GLA

The first zone should be completed next week ( started 6th Mar / 14 days to complete ) and should be RNS'd.

Wellbore integrity has now been evaluated through the performance of a Cement Bond Log (CBL) procedure and a casing mechanical integrity (pressure) test. Results indicate that the condition of the casing and cement is sufficient for the planned perforating and testing operations. It is expected that additional cement work may be required if fracture stimulation is undertaken.

It's being flow tested now, keep up.GLA

"Shareholders will be aware that wireline logging (and sidewall coring of the ZOI horizon) took place in the Alkaid well in 2015. The data collected and analysed from that historical activity drove the decision to proceed with the current testing program. The Alkaid is targeting the West Sak, Ugnu and ZOI formations all of which are completely independent of the results of the Winx well. We will of course report Alkaid results upon the conclusion of testing operations."

-ENDS-

I would think a drop to 19 again even with Alkaid results around the corner as the market will be pretty nervous now, but at least we have another shot quickly. GLA

Fewer shares in circulation

Pre dilution we wouldn't be involved here

We are spoilt for choice now, which news comes first Winx or Alkaid. GLA

Jay Cheatham, CEO of Pantheon, said:

"Following completion of our acquisition of the Great Bear Petroleum Alaskan assets last month, it is fantastic to be able to commence drilling operations so soon. Winx-1 is a very high impact exploration well, and we are very fortunate to have the ability, through a back in right, to double our working interest to 20% within 6 months of the earlier of well completion, temporary abandonment or suspension.

"I am also very pleased to report to shareholders that there is an immense amount of activity occurring within our company at present. Preparations for the Alkaid well test in Alaska are at an advanced stage and we look forward to updating shareholders on planned operations shortly. Additionally, we are undertaking a detailed technical review of both our East Texas assets as well as our Alaskan assets and I am extremely pleased with how well the geological and operational personnel from both companies are working together as we integrate our businesses."

An excellent review of the AGM by Scott on ADVFN for anyone not attending the meeting.It confirms my opinion about the value in the new Pantheon. I will be adding as funds become available. GLA

Just be mindful that RMP are a one trick pony (winx), where we have multiple earning opportunities should winx not be successful which means, imo, that the market may look at them differently. GLA