Member Info for Newanda

Yup - I’ve misread. Ignore - apologies

One thing I don’t get - RNS 26th Feb states: “ Drilling of interval containing primary Nanushuk targets (@~4,500') commenced 25th February (AK time): current depth ~2,640'”

RNS 1st Mar states: “The Winx-1 exploration well intersected a zone of interest in the Nanushuk Formation between 4,460' and 4,530' on the 28th February 2019.”

Timings don’t stack up - with the first implying they were ahead of where they were as stated in second. But more materially - if the first RNS is to be believed then they should have been in N4 already, and therefore if oil shows they would have been reported? Am I missing something? Or is this inconsistency an error?

The RMP Twitter account is official FYI - you can link to it from the RMP corporate website.

Thanks Jiddy,

Yes, I'm aware. Interesting to see some got paid off though:

On 9th January 2019 the Alaskan Department of Revenue announced a further cash purchase of Tax Credit Certificates in the amount of US$1.575 million. The payment was applied directly against the Brevet debt facility with the remaining outstanding balance totalling US$15 million;

Also important that the below is not overlooked:

The total expected cashable credits owed by the State to 88E is US$20.7 million versus debt of US$16.7 million.

Moneyhawk,

My take is that the Baker Hughes analysis is ongoing, specifically:

Given the rapid advancement of unconventional assessment technologies over the past several years, Baker Hughes has recommended several new state-of-the-art laboratory tests to augment the current body of work on the HRZ shale. The main thrust of the work being undertaken is to better understand the producibility of the formation by advanced electron microscope analysis, which will allow for a spatial understanding of potential landing zones in any future horizontal lateral. This work incorporates an integrated producibility, fracability and geohazards model for optimal placement of a lateral well in addition to a completion and stimulation program.

...

I think they are trying to get this all wrapped up prior to commencing.

Awesome - many thanks for sharing Fadec

interview out on proactive site

Interestingly - the 25% working interest is on 5760 acres, and if they took that in lieu of $10m that values the land at $6944 per acre. That would make PANR 75% ownership worth $30m.

The option that Otto had was $25m over 22,805 acres for 10% WI (including the 5760 acres above), which would value the acreage at $10,963 per acre.

Thanks Spinefx,

Yup it's here: http://dnr.alaska.gov/docimages/Release_Images_2013_03/00A01AF1.TIF

Was to settle $10m payment by the looks of it.

Thanks Spinefx,

The presentation suggests $140m in total has been recovered/to be recovered from the state.

So there is a potentially material of cash to come back to Pantheon via the acquisition...

Sorry - should say "Pipeline State - 1 well"

Found this whilst digging through old Otto Energy presentations.

Gives a good overview of some of the prospects from 3D Seismic on the GB land, and that had oil shows in the pipeline 1 well. Highlights conventional gross mean prospective resources of 650MMbbls.

http://www.ottoenergy.com/site/PDF/2055_0/AlaskaMovingtoDrill

Otto Energy struck a deal with GB for 8-10% working interest across GB acreage in 2015 for $20m, and had the option on the acreage (22804 acres) on and around the Alkaid well for a further $25m for 8% WI.

Pantheon picked up the 90% WI across the GB acreage and 75% Alkaid well acreage for $49m. I can't find who owns the remaining 25% Alkaid WI however - Otto don't look to have taken the option.

Detail in here: http://www.ottoenergy.com/site/PDF/1842_0/OttoAcquiresBorealisPetroleumPtyLtd

Relatively speaking, this deal looks pretty compelling. Or Otto pulled off a terrible deal.

Evening,

Does anybody know what will happen with the outstanding tax credits Great Bear are due from the Alaskan State?

I assume they will come to Pantheon as well?

Although I don't know how much is owed.

Also found this slightly old but interesting presentation.

https://www.aoga.org/sites/default/files/news/02_29_16_hres_-_hse_res_2.29.16_great_bear.pdf

Completely agree WA, we don’t want to end up doing a Great Bear...

Here’s to all of Conventional farmout, unconventional farmout and winx drill all being successfully completed in the next quarter, providing us with upwards share price momentum and much needed cash to prevent further dilution.

Each a significant price catalyst in their own right.

Should say "first conventional drill preparation underway"

I agree with the disappointing share price performance. And I'm sure this will be a controversial point of view, but I think the last 12 months have been positively transformational and I don't feel like we lost a year.

Looking at the corporate presentation from 26th November 2017 here's where we were:
4,649m Shares
Share price 1.19p
MCap = £55.3m
$14.6m in the bank
286k acres
1.05bn barrels of conventional LEADS identified on 2D
1-2.6bn barrels of unconventional

Fast forwarding to today:
6,331m Shares (+36%)
Share price 0.92p (-23%)
MCap = £58m (+4%)
$15.7m in the bank (est. based on A$8.1m end of September, A$3.6m and A$10m raised)
355k acres (+24%), including acquisition of Yukon and Winx
2.45bn barrels (133%) of conventional identified on 3D and derisked with Indigo/Lima/Stellar upgraded to Discovery
1-2.6bn barrels of unconventional still in play and derisked through IW2 data, with admission that upper zone appears to be where we should focus
Conventional Farmout tender underway
First conventional preparation underway

And whilst I am as disappointed with the SP movement, the dilution, and the lack of oil flowing from IW2 - I believe this has been a good year and I’m happy with company progress.

https://catalysthunter.com/oil-gas/rmp/asx-oil-stock-set-drill-multi-billion-barrel-alaska-north-slope/

In case folk haven't seen it, here's the link to the production data from Helios:
http://www.bogc.dnrc.mt.gov/WebApps/DataMiner/Production/ProductionByWellReport.aspx?APINo=25017211770000

Can also access tabular view from: http://www.bogc.dnrc.mt.gov/WebApps/DataMiner/Production/ProductionByWell.aspx

And search on Highlands or the API # 25017211770000