Member Info for Sailplane

Https://www.youtube.com/watch?v=wzoS6wS4Kgw&t=5424s

Https://www.youtube.com/watch?v=wzoS6wS4Kgw&t=716s

The Flight Deck Crew talking with Frank Richards, President of the Alaska Gasline Development Corporation [AGDC].

https://www.youtube.com/watch?v=mAYJbaMMHcc&t=427s

Thanks for the clarification Scot.... and this morning, I did likewise and add more.

Yes, the data so far - it is - it's just so compelling.

IMHO.

…in today’s info on the Convertible Bond – saying that the bond provides long term capital with the flexibility that they can retire after just a year – that is if PANR’s core strategy of bringing its discovered resources into production continues its successful execution.

Does anyone else read that as - they hope to get Megrez into long term production in a time frame of around a year?

…for the net pay in the 7 reservoirs found in the megrez#1 well – what might the total net pay of 1,340 feet look like?

Well, here’s a 1,340foot building, coincidentally constructed of 7 tiers

How small the people look on the ground, against this towering colossus.

https://www.equipmentworld.com/business/article/14963187/the-final-piece-design-of-1340-foot-tall-two-world-trade-center-revealed-photos

...you just don't find that very often.

Magic words!

https://www.youtube.com/watch?v=jBxGAAmf1mA&t=2413s

Based on independent expert reports we have:

Ahpun:

Western Topsets:

282million bbls recoverable HC liquids (Crawley Gillespie& associates)

Alkaid: 79mm bbls (Lee Keeling & associates)

Kodiak:

1.2billion bbls (Netherland Sewell & Associates)

And on managements estimate from initial post Megrez1 drill analysis:

Ahpun Eastern Topsets:

609+ million bbls

So, a total of over 2.17billion bbls HC recoverable liquids.

If we then pick a robust production rate - a round figure, of say 100,000bbls HC liquids/d

Duration of production = 2,170,000,000bbls / 100,000bbls/d

= 21,700 days and dividing by 365.25 (to account for leap years)

= 59.41 years of production.

I think that rather helps indicate the truly colossal size of Pantheon’s recoverable resources.

As always DYOR (and double check my calculators got it right)

In the PANR rise towards an eventual sp of ~150p on 12/4 /22, I have notes saying:

Fri 4/2/22 sp~82p.

On Mon 7/2/22 the sp closed ~113p, a~31p [~37.8%] rise.

And the reason...?

RNS 7Feb2022

"Talitha #A - Flow Testing the Basin Floor Fan

The Company is pleased to announce that testing operations have now been completed on the Lower Basin Floor Fan ("BFF"), a Brookian aged horizon. Three separate 10 feet ("ft") intervals were perforated over 370 ft out of 600 ft of gross section, at 9405 to 9415 ft, 9205 to 9215 ft and 9045 to 9055 ft. These three intervals were individually stimulated and flow tested, producing high quality c. 35 to 39 degree API oil and averaging 73 barrels of oil per day ("BOPD") over a three day test period."

Well, if 73bopd at Talitha can do that to the sp. What on Earth, with its higher porosity and permiability, do we think the flows numbers from Megrez might achieve?

In 2017 ConocoPhillips announces Willow discovery in Alaska's National Petroleum Reserve

- two discovery wells: Tinmiaq 2 and 6, drilled in early 2016 and encountered 72 ft and 42 ft of net pay, respectively.

[Megrez-1 has a total TVD net pay of 1,340ft]

Tinmiaq 2 well was tested producing a sustained 12-hour test rate of 3200 bpd of 44° API oil.

Initial estimates indicate this discovery could have recoverable resource potential exceeding 300 million barrels of oil.

[Megrez-1 had and estimated 609million barrels and now 609mmbbls + 15% to 50%]

Subject to future appraisal results and the right development scenario, Willow could produce up to 100 000 bpd.

And Willow is situated some 80miles west of Prudhoe and the main Alaska pipeline

[Megrez-1 drilled under the pipeline]

And if Willow could conjure up 100,000bopd, that could surely conjure up some very interesting numbers for Pantheon.

Source rock:

https://www.oilfieldtechnology.com/drilling-and-production/16012017/conocophillips-announces-willow-discovery-in-national-petroleum-reserve/

An exciting comment from Jay on Pantheon's latest Proactive Investors' interview:

"we've got potentially 3 zones even above the Upper Prince Creek.... and those look pretty exciting from what we've seen so far."

With even less Depth of Burial they could indeed be very exciting from a greater porosity point of view.

https://www.youtube.com/watch?v=5KhqF3Da8wQ&t=344s

... after such an upbeat RNS, we didn't get the usual follow up, Proactive Investors Interview:

- at 11:30 - 12:00 noon a Pantheon Resources presentation ....... in Puerto Rico.

https://puertorico.srax.com/agenda

Maybe we'll get one tomorrow.

... my initial check with a calculator and it looks like we beat the upper guidance of 17,500bopd.

The 31 days production for DEC 2024 is out:

https://www.perupetro.com.pe/wps/wcm/connect/corporativo/7318e1ef-aaa2-4c91-8313-7d2090cba5fa/Producci%C3%B3n+l%C3%ADquidos.pdf?MOD=AJPERES&liquidos

361,283 bbls from Block95 in the first 18days of December.

that's an average of 20,071bopd.

https://www.perupetro.com.pe/wps/wcm/connect/corporativo/7318e1ef-aaa2-4c91-8313-7d2090cba5fa/Producci%C3%B3n+l%C3%ADquidos.pdf?MOD=AJPERES&liquidos

I just totalled up the production for the first 11 months of 2024 and got 5,818,156bbls in 334 days.

And since 365 days to achieve the top guidance figure of 17,500bopd requires an average of 365 x 17,500

ie. 6,387,500bbls

We thus need, in December, to produce 6,387,500 - 5,818,156 bbls ie. 569,344bbls .

If we spead that over 31 days of December, the average is 18,366bopd, to achieve PTALs top guidance of 17,500bopd.

So far in December they've managed 216,019bbls in the first 11 days - so an average of 19,638bopd.

https://www.perupetro.com.pe/wps/wcm/connect/corporativo/7318e1ef-aaa2-4c91-8313-7d2090cba5fa/Producci%C3%B3n+l%C3%ADquidos.pdf?MOD=AJPERES&liquidos

Or do you think the barges will have a day off on Christmas day?

I've been getting stopped 25% tax on my dividends, so just asked Halifax share trading why it wasn't 15% - their reply:

"I'm afraid we can only support withholding tax claims from US based companies

 I'm sorry but we won't be able to support your claim for Canadian withholding tax"

... and things looking like this could be yet another elephantine find for PANR, it's well worth remembering the fabulous finds of the past few years are still there - PANR still owns them - and at one point, before the shorters put their oar in, they took the sp up to around 150p/share - and with value calculation even somewhat higher than that.

LTHs will no doubt remember the following from a particularly good, in depth presentation: the Aug 2021 Technical Presentation. This was an analysis of the Talith#A well and some 5 months before the updip drilling of this field, which took place at Theta West on the now named Kodiak Field.

at 57:45 subsurface details in 3D. A must watch video presentation

https://www.youtube.com/watch?v=hbnmarRCUcY&t=3485s

at 21:18, Michael Smith – inventor of Volatiles Analysis (VAS)

https://www.youtube.com/watch?v=hbnmarRCUcY&t=1278s

“Every cutting we analysed contained oil for 3,700 feet – this is a quite unusual occurrence and really speaks to the great strength of the petroleum system here where this well is drilled. This is really a world class petroleum system.”

at 38:34, Dr Ed Duncan, Geoscience consultant to Pantheon

https://www.youtube.com/watch?v=hbnmarRCUcY&t=2314s

“What we found is truly amazing – the Theta West Fan – while we thought it was going to be good – it’s spectacular.”

at 1:41:42, Roger Young of eSeis

https://www.youtube.com/watch?v=hbnmarRCUcY&t=6102s

“I’ve never seen anything like it. To be able to 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.”

Yes, if you are new to PANR, the aug 2021 presentation is a really interesting, in depth one to watch.

As always DYOR.

Yes, Robito, from the September 2024 Corporate and Operational Update Bob clearly expected the individual reservoirs, stacked at Megrez-1, to each be 75ft to 125ft thick [view here at time 52m 57secs into the update] :

https://www.youtube.com/watch?v=-Ovjul6MySc&t=3179s

So, expectation was for a total reservoir thickness, at this drill location, for a combination of topsets 1, 3 and 9 to be

3 times 75ft to 125ft thick – ie. guidance of a total of 225 to 375ft of total reservoir thickness.

And what we got was reservoirs totalling 1,260ft thick.

So, if we take the average of guidance as being 300ft total reservoir thickness and that giving the much quoted expectation of 609mmbbls of hydrocarbon liquids, then the discovered 1,260ft, [which calculates at 4.2 times thicker than guidance] gives a pro rata of 4.2 x 609mmbbls = 2.55billion bbls.

… Just for the Eastern Top Sets part of their portfolio.

And if valued at even just $1/bbl with 1.2bil shares

 

How nice would that be.

DYOR.

The Megrez-1 well was actually spud on Fri November 8, 2024, according to this:

https://www.youtube.com/watch?v=RuZzYtJnciE

The RNS re spud came out on the Monday 11th.

So one month's drilling is up today.

... of this morning's long string of sells then buys of the same number of shares - the buy happening, each time, just a minute after the sell?