news anytime.poss 2.30.dyor

is having up and down on the trend of the last few days

107.50 Change: +6.00 (+5.91%)

Very strong start of the day as the order book was very strong with Auction taking place after STFL on the order book went very strong to 108p on the bid a few second later went down 106.50p now holding at that price.

Auction: a few small trades were place over the offer price

113p +11.50 (+11.33%)

Well, well the bounce was strong today, but it goes with the "candlestick" and one can see getting larger everyday

GSA Capital and YOST have still got short positions on PANR
so if closing them, then the share price certainly would go places

29 November 2016

Pantheon Resources plc

Operational Update

Pantheon Resources plc ("Pantheon" or the "Company"), the AIM-quoted oil and gas exploration and development company with a working interest (of 50%-58%) in several conventional projects located in Tyler and Polk Counties, onshore East Texas, today announces the following statement:

Jay Cheatham, CEO, will be in London this week meeting with investors, and during those meetings will be discussing the following information:

Update on VOBM#3, Polk County, East Texas

Flow testing operations on VOBM#3 are ongoing. Data received to date is not yet conclusive and is indicative of a well continuing to clean up. On a 10/64ths choke, the flowing tubing pressure ("FTP") ranged from 4,000 to 5,900 psi. Natural gas flow rates ranged from 1,500 to 3,000 mcfpd and the oil (51 degree API) flow rate ranged from 24 to 240 bopd, equivalent to 274 to 740 boepd. At the end of the latest testing period the FTP was increasing. By comparison, a 12/64ths choke, which was used to flow test the VOBM#1 well, has a surface area that is over 40% larger than that of the 10/64ths choke used on this well.

The operator chose to perform a single stage fracture stimulation procedure on the well in order to emulate the possible benefits of horizontal drilling. To date, less than 60% of the fracture stimulation fluid has been recovered which may be a contributor to the variability in flow results to date.
Given the variability in flow data, it is impossible at this early stage to make an accurate prediction of the well's ultimate potential, however based on the data received to date management believe that the well will be a commercial producer. We expect flow rates to stabilize going forward. Reinterpretation and analysis of 3D seismic information following logging data from this well, suggests that VOBM#3 is located near the edge of the reservoir, accounting for the differences to the excellent flow test data from the VOBM#1 well, located circa one mile away, and which appears to be more centrally located within the mini basin. Whilst at an early stage, results to date support management plans for the contracting of the preferred gas processing option, which targets first production revenues in Spring 2017. Further updates on this process will be made when appropriate.

Flow testing will continue, and results will be announced once flow rates have stabilized and testing operations are completed.

Update on VOBM#4, Tyler County, East Texas

Drilling continues at approximately 12,000 feet vertical depth, on schedule and on budget. A further update will be provided at the Company's AGM.


Jay Cheatham, CEO, said:

"Today's announcement has been made earlier than would normally be the case, however with investor meetings scheduled it is necessary to issue a cleansing statement ensuring that information is available to all investors equally. Usually an announcement would only be made after testing is complete. An accurate assessment of the well can only be made once testing operations are complete."

"Analog wells in the Double A Wells field, with similar flowing tubing pressures during testing have been good wells. It is well documented that individual well performance of Double A Wells field wells showed variance, dependent upon their respective location within the reservoir, with better quality sands typically located closer to the centre of the basin. This is consistent with the experience of our drilling and analysis to date. Based on the early results to date, our assessment of the potential of our acreage is undiminished."

29 November 2016

Pantheon Resources plc

Operational Update

Pantheon Resources plc ("Pantheon" or the "Company"), the AIM-quoted oil and gas exploration and development company with a working interest (of 50%-58%) in several conventional projects located in Tyler and Polk Counties, onshore East Texas, today announces the following statement:

Jay Cheatham, CEO, will be in London this week meeting with investors, and during those meetings will be discussing the following information:

Update on VOBM#3, Polk County, East Texas

Flow testing operations on VOBM#3 are ongoing. Data received to date is not yet conclusive and is indicative of a well continuing to clean up. On a 10/64ths choke, the flowing tubing pressure ("FTP") ranged from 4,000 to 5,900 psi. Natural gas flow rates ranged from 1,500 to 3,000 mcfpd and the oil (51 degree API) flow rate ranged from 24 to 240 bopd, equivalent to 274 to 740 boepd. At the end of the latest testing period the FTP was increasing. By comparison, a 12/64ths choke, which was used to flow test the VOBM#1 well, has a surface area that is over 40% larger than that of the 10/64ths choke used on this well.

The operator chose to perform a single stage fracture stimulation procedure on the well in order to emulate the possible benefits of horizontal drilling. To date, less than 60% of the fracture stimulation fluid has been recovered which may be a contributor to the variability in flow results to date.
Given the variability in flow data, it is impossible at this early stage to make an accurate prediction of the well's ultimate potential, however based on the data received to date management believe that the well will be a commercial producer. We expect flow rates to stabilize going forward. Reinterpretation and analysis of 3D seismic information following logging data from this well, suggests that VOBM#3 is located near the edge of the reservoir, accounting for the differences to the excellent flow test data from the VOBM#1 well, located circa one mile away, and which appears to be more centrally located within the mini basin. Whilst at an early stage, results to date support management plans for the contracting of the preferred gas processing option, which targets first production revenues in Spring 2017. Further updates on this process will be made when appropriate.

Flow testing will continue, and results will be announced once flow rates have stabilized and testing operations are completed.

Update on VOBM#4, Tyler County, East Texas

Drilling continues at approximately 12,000 feet vertical depth, on schedule and on budget. A further update will be provided at the Company's AGM.


Jay Cheatham, CEO, said:

"Today's announcement has been made earlier than would normally be the case, however with investor meetings scheduled it is necessary to issue a cleansing statement ensuring that information is available to all investors equally. Usually an announcement would only be made after testing is complete. An accurate assessment of the well can only be made once testing operations are complete."

"Analog wells in the Double A Wells field, with similar flowing tubing pressures during testing have been good wells. It is well documented that individual well performance of Double A Wells field wells showed variance, dependent upon their respective location within the reservoir, with better quality sands typically located closer to the centre of the basin. This is consistent with the experience of our drilling and analysis to date. Based on the early results to date, our assessment of the potential of our acreage is undiminished."

The shorts must be busy at the moment as the fall goes on after yesterday's news

The chart looks like more pain on the way as supports are being broken


not holding

Bought @ 64p

KEEP an EYE

Falling well over the last couple days after some negative news, but should be ready for the bounce now, as buyers have started to get stock at this low prices. Order book has turned positive now DEPTH of 28 v 20 after being yesterday well negative

took advantage of the drop to buy the second lot @ 67.375p

Today continuing with the bounce
Retrace 50% it happens all the time, after the early spike

after the large fall from 90p, the last couple days is rising after reaching a low of 61.50p last Wednesday

The movement up goes on

How profitable VOBM#3 will be ?

description on the website says the project will be profitable at less than $30.00 and that production costs will be less than $2.00 per barrel - so how much more profitable will it be at $50.00?

VOBM#1 is expected to contribute a net cash flow of $1M per month to PANR (so $24M per year in total). Production revenue due to start by April next year, by which time there will be additional production from VOBM#3 and, very probably, from VOBM#4 plus VOBM#2 production will

76p +3p

75p broken now the GAP to 90 is clear

A gap up to 90p+ has to be fill

66p now.

There was a Bastard around yesterday

Pantheon Res. updates on VOBM#3 and VOBM#4
At 10:02am: (LON:PANR) Pantheon Resources PLC share price was +7.125p at 73.75p

Pantheon Resources confirms the VOBM#3 is considered to be a commercial well. Initial production during flow testing ranged from 274 to 740 boepd.

"The well has been shut in temporarily, and will be flowed directly into the processing facility and pipeline," said CEO Jay Cheatham in note of a presentation for the company's AGM.

"This will enable the working interest partners to evaluate the well performance while benefiting from selling the produced hydrocarbons alongside production from the VOBM#1 well and the pending VOBM#2 sidetrack, if successful."

Referring to VOBM#4, Cheatham said the casing has been set at c.14,300 feet and drilling continues below that depth.

"Drilling is expected to be completed in the new year and a further update will be given once drilling is complete," he added.

Pantheon Resources continues to progress discussions on selecting the most appropriate gas processing strategy.

As previously disclosed the Company is exploring three options:

- Tie into existing infrastructure and nearby gas plants;

- Build its own skid mounted processing unit; or

- Contract a third party to build and operate a processing facility on its acreage, under a take or pay agreement. "Discussions are ongoing around which option to pursue and an update will be provided as and when a decision is made, with first production targeted for Spring 2017."

66p again, mentor. LOL.

69 +4.50p (+6.98%)

They're news on the wind and there is noises of a flare cacking.
This noise is doing well for the share price as is breaking up from the pause at lows lately

"Drilling is expected to be completed in the new year and a further update will be given once drilling is complete."

I agree with you, mentor this time.
The update is going to be a game-changer for PANR

Yoghurt is letting us know of PANR.

I did notice yesterday and it has happened again today, it goes well up during the morning and then loses ground late on the afternoon ( or when the DOW is open, wonder if they short the stock most likely )

30 December 2016

Pantheon Resources plc

Operational update

Pantheon Resources plc ("Pantheon" or "the Company"), the AIM-quoted oil and gas exploration and development company with a working interest (of 50%-58%) in several conventional projects located onshore in Tyler & Polk Counties, East Texas, notes recent market speculation and is pleased to provide the following operational update:

VOBM#4 well, Tyler County, East Texas (50% working interest)

The VOBM#4 well has encountered two separate, potentially significant, hydrocarbon-bearing zones before it reached its primary (Eagle Ford sandstone) and secondary (Austin Chalk) targets. For both commercial and operational reasons, it has been decided to test the shallower of these two formations before any further drilling to deeper depths is completed. A lower cost workover rig is being brought in to carry out this testing while the Nabors F-12 rig has relocated to re-enter and complete the VOBM#2 well vertically, as previously announced.

The shallower of the two zones, the Wilcox sandstone, has been a prolific producing formation elsewhere in Texas and was encountered in VOBM#4 at c.11,700 ft depth over an interval exceeding 35ft, which compares extremely favourably to Wilcox analog producing wells. Additionally, a second formation which is both separate and independent from the Wilcox was encountered at below 14,000 ft depth, requiring intermediate casing to be set. This zone, in the highly fractured Navarro carbonate formation, also exhibited significant gas shows over a gross interval exceeding 100 ft during drilling.

In drilling through this second zone, the well suffered mud losses and, in order to section off this highly porous zone, it has proved necessary to set a 7 5/8ths inch casing section sooner than planned. This operation has been completed successfully. As a consequence however, drilling operations to the deeper, more highly pressured Austin Chalk and Eagle Ford sandstone formations have been halted until the potentially productive Wilcox formation can be tested. To continue drilling would have required an additional casing string and the consequent use of smaller tools, increasing the risk of possible future mechanical and/or environmental issues in the higher pressure deeper formations.

Drilling was halted at c.15,150 ft, some 400 ft above the target depth in the Eagle Ford sandstone. A drillable cast iron bridge plug ("CIBP") has been installed to isolate and test the shallower Wilcox formation. The CIBP can be drilled out at any time if required. The Nabors F-12 rig has now been demobilized and relocated to the VOBM#2H site, where it will re-enter and complete the drilling of that well. A lower cost workover rig will be used for testing operations at VOBM#4. Results will be announced upon completion of testing operations on the Wilcox. The company regards the discovery of another potentially highly productive hydrocarbon zone at shallower depths as a positive development that adds a new potential source of cash generation and value to the working interest holders.


VOBM#2H well, Polk County, East Texas (58% working interest)

The Nabors F-12 rig has been mobilized to the VOBM#2H well which, as announced previously, will be re-entered and drilled as a vertical completion, targeting the Eagle Ford sandstone formation at a total measured depth of c 17,500 ft. Following detailed analysis of the recently completed VOBM#3 well, the target location has been revised to take account of refined seismic interpretation and seeks to extend upon the material discovery made at VOBM#1 and feed into the combined planned production system for all the company's Polk County discoveries.


Jay Cheatham, CEO, said:

"I am extremely happy to report the presence of two new potentially significant zones, both of which are productive regionally and have the potential to be significant also for Pantheon. Drilling operations have been halted some 400 feet above the primary target formation, so the full potential of those lower zones remain. These two new zones have not been factored into any resource estimates, and if successful, have the potential to further add to the potential of our very exciting acreage position."

"Finding these zones charged above the Eagle Ford sandstone is a positive indicator that we are in the right geological location for the centre basin test, to which we remain committed. Future wells will be engineered with a larger casing programme in order to account safely for the presence of these zones as we extend our drilling programme. Shareholders should note that these are not the same zones as the additional zone encountered in the VOS#1 well."