Member Info for Olderwiser

Redirons 21:01

Do you have the trade data, Yahoo shows a last trade of 2000 shares worth $9, that moved the close from the prevailing .0041 to .0045

I would not take that as a serious move, much more like marking the close, a criminal activity the a previous pumper/manipulator Alex Delarge was sentenced for

https://www.13abc.com/2021/10/27/maumee-man-facing-federal-charges-securities-fraud-market-manipulation/

Musk 20:47

Definitely great news for both, if the cutoff between productive economic reservoir can be shifted South into the 88e leases.

88e snuggled right on the boundary, then have a positive reference point there, the ongoing further delineation drills will then, in tandem with seismic data, be able to establish how much further South, beyond Hickory that productive reservoir cut off can be moved .

I think we are saying the same thing

In other words PANR had a cut off where reservoir was deemed inadequate for inclusion in their estimates

This cut off line is North of the 88e PANR boundary, (how far ? we do not know)

Should 88e prove viable reservoir at Hickory, lying South of the boundary, the tract between the old Northerly cut off and the boundary can be added to PANR resource estimates, and 88e can celebrate an extension of the reservoir into their Phoenix project

Jay is clear that the reservoir at Hickory is down dip, so buried deeper over geological time (DMAX) The erosion that has since occurred does not change the locked in compaction from its earlier era.

Also reiterates that PANR cut off the reservoir inclusion to their estimates North of the boundary line. This cut off would at the time have been based on the point at which reservoir was assessed to not be good enough for inclusion

PANR will be hoping that they were wrong, and Hickory can prove productive reservoir at Hickory, so enabling PANR to include the reservoir between their North cut off and the boundary line

Worth a full watch, but linked at the 88e mention

https://youtu.be/Dts7k5oMR8k?t=146

Catwoman 10:40

Far be it for me, to argue with a cat, that read something on reddit

I will let bullet point 4 speak for itself on pg 7

https://www.pantheonresources.com/index.php/investors/presentations/659-investor-presentation-april-2021/file

Why did Pantheon persevere with the Kuparuk and not abandon it and move up the shallower horizons?

➢ >340 million barrel target with exceptional logs and gas chromatograph readings

➢ A series of operational issues caused delays

➢ Early decision to open hole test Kuparuk cost time and money

➢ Once a decision is made to move uphole, not possible to return

➢ 7 - 10 days prep time to test a shallower zone

➢ Kuparuk, being an established producer regionally – commercial flow test would lead to

resource/reserve

➢ Too good a target to let go

➢ VAS analysis confirmed presence of light oil

Cat woman you continually get things wrong, this is another case of doing so

A little knowledge gained from your interpretation of a reddit post is dangerous

Bigbear

The tests must be done from the bottom first, the is no practical going back down, after the sealing off that must be done to do a flow test.

That is why the decision not to test the BFF is a red flag to that reservoir, it cannot practically be revisited here later

So it has to be SFS then SMDB

Dai2belts 9:34

The flow rates need to be considered in context to the specified aims of the fracture stimulation. Refer to pg 29 of this earlier presentation, in which PANR lay out the aims of the different stimulations in advance, so investors expectations of what success looked like were understood . Mostly they were data gathering, with the objective of gathering samples and proving the oil is mobile.

Only the SMDB had a pre test guide at 50-80bopd being considered a success, note they had a blockage in this case, so no cigar at that time

https://www.pantheonresources.com/index.php/investors/presentations/664-agm-shareholder-presentation-january-2022/file

I will caution that there are a number of variables that need to be understood, before declaring a success number

How large is the frack, the amount of water and sand/proppant used

How effective is the frack, what percentage of design has been achieved

How aggressively has it been flowed, in both the top of well choke setting and pressure drop at the bottom of the well

Think of aggressively as the scenario of a garden hose, flow is set by how open the tap on the wall is, and how open the nozzle on the end of the hose is, either end will determine the flow

The wall tap is how effective and large the fracture is, this gives contact with the reservoir

The nozzle is the choke orifice at the well head

A third factor is the weight of the fluid column in the well, it sets the pressure at the bottom of the well in flowing condition. Nitrogen is going to be injected part of the way down the well, to displace fluids with the much lighter gas, so reducing the pressure at the bottom

This sets the differential pressure between the well bottom and the reservoir itself, hence its flow rate

It is clear, that despite the massive amount of ramping, about how great the flow test will be for 88e, there is no real knowledge of what a commercial number is.

Could that be because 88e have never advised what success looks like

Just WOW

Dai

Refer to the two fractures in the two lobes of SFS with about 200 feet of separation. I contend these could easily be labelled upper and lower SFS

23:56

I know, sad isn't it

Troajan

Based on the up dip Talitha results of 45 bopd for a tandem fracture covering the upper and lower SFS reservoirs as a baseline. Pg 29

https://www.pantheonresources.com/index.php/investors/presentations/666-investor-presentation-april-2022/file

Assume half to each, so ~23 bopd

Then assume some learning has been incorporated into the fracture design, PANR lifted efficiency from 20% ,in the horizontal ALK 2 test, to 50% in the SMDB test at the same ALK 2 site. So use that plus 150% lift from 20% to 50%

Now 23 becomes 57.5 bpd

Then subtract for poorer down dip reservoir, a thumb suck, and its back to 40bpd

All of the above is naturally subject to 88e using the same size fracture stimulation, which at this stage has not been announced

Note PANR have not used the Talitha SFS in any of their current volume estimates

Hepran

Simply because they are, no one challenges them,

Head in the sand will not help you, knowledge will

Red

Check out Shareguru, he regularly trolls PANR, but I must say he fails to add any content worth reading

On the other hand the posts I have contributed here are well reasoned and valuable to all thinking investors.

Content dear chap content, not the writer

Gemstar

Do your self a favor, pretend you sold all of your 88e shares months ago, and are now thinking of buying in.

Then answer the question below

Answer me this if you don't mind

Are you better off being well informed of the potential pitfalls in your investments

Are you now more aware that the number of barrels in the SFS upper and SMDB, may not reach the original estimates, based on 2d seismic pre drill,

With now proven decline in the BFF from 341 million barrels of oil to 85 million barrels post drill and 3D seismic, of combined oil and NGLs, is it reasonable to expect some decline in the other reservoirs, as it was the 2D input that was used in the calculated estimates

Good to see you have worked out, the content and logic stand up to scrutiny

Now go back and study my posts over the last 3 days, you will then have a basis to make an informed decision, rather than the emotive strings that get pulled here bu the pumpers

SG22

I also found some oil in my driveway, thats not important

What matters is commercial flow and commercial quantity

A flow will be shown in this test for sure, will it be commercial, that will not be known until the long term flow is established

Then quantity will also need to be established by an independent expert report, some months later as a rule

Time for you to stop pumping and let the adults discuss the realistic prospects

If you follow the logic in the reddit post, it suggests the perforation took place close to the 17th, then go to the 88e timeline chart, It shows 10 days after perforation, results are due on the upper SFS

Unfortunately the wording is unclear as it smudges perforation into the 10 day period, best to just follow the timeline chart where perforation is a specific line item

https://www.reddit.com/r/EEENF/comments/1bi6zch/apparent_wireline_operations_being_conducted_in/