Member Info for Sailplane

https://www.share-talk.com/pantheon-resources-catalyst-imminent-the-shorts-could-be-very-wrong/

And then maybe take a look at the Alkaid 3D Animation of the then proposed Alkaid#2 well.
A few minutes watching this 3D animation part of an August 2021 presentation should help to visualise the wells and reservoirs, in 3D, and help to see some of what is going on.
The Alkaid section of the animation starts at about 1:05:50
where it's looking at Alkaid 2H [the Alkaid 2 horizontal well]
https://www.youtube.com/watch?v=hbnmarRCUcY&t=3950s

And then there were a couple of notable comments that spring to mind:
At 38:32, Dr Ed Duncan, Geoscience consultant to Pantheon
https://www.youtube.com/watch?v=hbnmarRCUcY&t=2312s
“What we found is truly amazing – the Theta West Fan – while we thought it was going to be good – it’s spectacular.”
And at 1:41:31, Roger Young of eSeis
https://www.youtube.com/watch?v=hbnmarRCUcY&t=6091s
“It just keeps on getting better…. I’ve never seen anything like it. To be able to even say the words – Half a Mile of Oil – that’s ridiculous, but it’s true. It’s awesome. I’ve never seen anything like it. It’s very, very exciting stuff.”
As always DYOR.
And good luck.

And to put Schlumberger's estimated 17.8 billion barrels of OIP into perspective, after applying Pantheon's estimated 10% recovery factor.
For those 1.78billion recoverable barrels, it works out at:
4.87million bbls of production every day for 1 year or
~487,000 bbls of production every day for 10 years or
~48,700 bbls every day for 100 years !!
And that's before they add in any upgrades and the new lease areas, or start talking more seriously, maybe, about greater than a 10% recovery factor.

From the Schlumberger modelling estimates of the reservoirs containing 17.8 billion barrels net OIP for the PANR 153,000 acres, then once the ~ 40,000 more acres, from the recent leases acquisition, are added - giving a total of ~ 193,000 acres – and assuming similar reservoir characteristics for these added areas - pro rata the 17.8Bil bbls OIP becomes – according to my calculator – 22.45Bil bbls OIP.
Do other calculators out there agree?

Could mean a Monday RNS - fingers crossed.
https://twitter.com/KennardKrazies/status/1598657711410860033/photo/1

https://twitter.com/KennardKrazies/status/1598657711410860033

"Defining Oil Field Size"
Interesting comments and slides:
https://www.reddit.com/r/PantheonResourcesPANR/comments/z8tr6k/defining_oil_field_size/

I think with the sizes of Pantheon’s resources being so big, it’s easy to loose sight of just how huge they actually are.
For instance, the recoverable oil, put at over 2.3billion barrels, [and that figure is yet to be upgraded from data after the drilling of Alkaid#2 along with the additions from the extra 40,000acres leases]
– if 2.3 billion is considered for production over 20 years,
it works out at 2,300,000,000barrels divided over 7,305days [that's 20 years, including leap year days]
It requires a production at an average rate of 314,853 bopd... yes, every day, for 20 years.
And that 2.3billion barrels recoverable is at a very conservative recovery rate of around just 10% - we might even see that rate at least doubled, using modern recovery methods.
So, for every $1 per barrel value we attribute to each barrel of recoverable oil we have, it amounts to a value of ~240p/share
[using: 2.3billion barrels oil recoverable & 800 million shares & £1 = $1.2]
 
ref: 
RNS 7jly22:
"We have discovered a lot of oil on the ANS across our Theta West, Talitha and Greater Alkaid projects which are estimated by management to contain over 23 billion barrels of Oil in Place and over 2.3 billion barrels of recoverable resource in those horizons that have flowed oil, and Alkaid #2 could add to these estimates."
And since then we have added more acres –
RNS 10Nov22 now shows PANR leases total some 193,000 acres

IMHO DYOR.

Saudi Arabia says it is not discussing 500k b/d oil output hike. MORE IMPORTANTLY, it hints it's ready to cut:

Saudi Arabia says that the current cut of 2 million barrels a day by OPEC+ continues until end of 2023 and that it stands ready to make further cuts if required.
https://uk.yahoo.com/finance/news/saudis-deny-report-talks-opec-171131913.html

An interesting possibility ?:
As much of the damage and hold ups on the ONP pipeline route occur in the section between pump stations 1 and 5, there’s the possibility of barging the oil past station 1 and heading further west on the river to station 5 before delivering the barged oil to the ONP.
https://stream.brrmedia.co.uk/broadcast/63590b2298f6352ab0eba9cc/637697ebc5f88b20ebef1f43
This question posed at 45m:53s
Q: "What are the companies thoughts on barging up [to] station 5?"
A: "…. That’s what I’m thinking as well… having discussions… we are taking a serious look at that. "
PTAL would need to provide a 13mile pipe from the river to the Station 5 site - or they could truck it.
And I think Manolo does say they would be provided there with proper protection for unloading and so on.
It would then give [ hopefully] a more robust westerly route for the oil - to the Talara refinery.

So, from that flare, looking like they've finished the sand removal with the coil tubing unit and back into Flowback of oil, gas and frack fluid. That would be good news.

And goes on to add:
“…the assets Pantheon is sitting on could be huge if the estimates are accurate…... It’s hard to predict what the return for shares could be if the bull case plays out, but I plan to be along for the ride.”

And Malcy appears happy with us too:
"This is another exceptional performance by PetroTal under the circumstances of the Amazon river levels in Brazil during October which it is already making up for. The conference call is scheduled for this afternoon so I will comment further on the company tomorrow morning if necessary.
In the meantime the initial markdown in the shares which is short sighted in the extreme and one that offers an excellent buying opportunity should be reversed when the sheer value, size and margins of the business become apparent. My TP of 150p will not be changing on this announcement. "
https://www.malcysblog.com/2022/11/flash-blog-petrotal-jadestone/

Look at that Diluted Net Income per share for the last 9 mths: US$0.18
So pro rata for 12mths – that’s 24cents
And [at £1=US$1.19] that’s 20p/share
So, why’s the share price at just 45p?
Crazy or what??

From Jan2022 webinar presentation at 58m 28s their modelling shows an expected 100 to 150bopd per 1000ft of horizontal well, so for our Alkaid#2 ~5000ft horizontal they’re apparently looking for 500 to 750bopd
Now, in the 25Oct22 RNS they said:
“Alkaid #2 has produced initial fluid flow with rates in the thousands of barrels per day,”
So, multiple thousands – to me, meaning at least 2000 [but obviously, could be more]
They also say:
“The operations to date have recovered approximately 10% of the frac fluid used, with oil cuts averaging from 8% to 12%.”
So, 8% to 12% oil in the total flowback fluid rate of at least 2000barrels per day,
that’s 160 to 240bopd as a minimum [ since 2000 barrels is the minimum interpretation of thousands of barrels] – let's call it 200bopd as an overall average.
And that 200bopd is at and oil cut of just 10% ie just 10% cleaned up.
So, proportionately, at 20% oil cut our 200bopd should become 400bopd
And proportionately as clean up reaches just 25% to 37.5% oil cut, it should give the looked for 500bopd to 750bopd from a 5000ft horizontal.
On this basis of calculation:
50% oil cut should produce 1000bopd and 75% oil cut some 1500bopd – all based on the: “thousands of barrels per day” of flowback fluid, as meaning 2000 barrels a day. [ if it means 3000 barrels a day – well, I’m sure you can do the recalculations.
If we also take in account the increasing oil relative permeability as the oil cut percentage rises - and basically there is less water for the oil to jostle with and be obstructed by as it heads through the rock pores and fractures into the well bore – these bopd figures should receive an increase from that effect, too.
Just got to get that frack sand shifted and Flowback under way – not long now.
All IMHO. DYOR.

For those not in the know, a YouTube walkabout ‘show and tell’ of the temporary items of kit, at a wellhead, associated with the Flowback and the Clean up of fracking sand. And then the pieces of permanent kit, along side, ready to take over when the well is clean and it goes into production.
https://www.youtube.com/watch?v=F1IVAu6t05U

And blocks 478B &D fall on the Dalton Highway between Alkaid and Talitha so helping present more year-round access to both.
In fact, I guess, they might even be thinking to use this location for a major pad off the highway to drill horizontals north into the Alkaid reservoirs and South, SW & W into the Talitha ones. All year-round access is a huge positive.

09:49
A lengthy sequence of tweets from Scot126
https://twitter.com/Scot126126/status/1592327058998571008

Just stumbled across this from back in August:
https://www.bnamericas.com/en/news/petrotal-rules-out-risk-of-windfall-tax-in-peru

Hopefully, that now takes the brakes off the share price.

Some interesting comments and diagrams, re the additional acreage, by u/Ok-GeodesRock49 on Reddit:
https://www.reddit.com/r/PantheonResourcesPANR/comments/yrrqhn/pantheon_resources_plc_north_acreage_addition_to/