Seminario web y actualización
10 de abril de 2024
Recursos del panteón plc
Seminario web y actualización
Recursos del panteón plc (AIM: PANR) ("Pantheon" o "la Compañía"), la compañía de petróleo y gas con una participación del 100% en el Kodiak and Ahpun projects, covered by 193,000 acres of leases with an additional c. 66,000 acres to be awarded following successful bids in the Diciembre 2023 lease sales, all in close proximity to pipeline and transportation infrastructure on Alaska Ladera norte, confirms that as previously announced, a webinar presentation and Q&A will be held at 5.00:XNUMX p. m., hora de verano británica, hoy y is open to all shareholders and other interested parties (the "Webinar"). Registration details can be accessed at: https://www.investormeetcompany.com/pantheon-resources-plc/register-investor
Se cargará una copia de la presentación de PowerPoint que se realizará durante el seminario web y una grabación del seminario web en el sitio web de la empresa en https://www.pantheonresources.com/ una vez disponible.
Sobre el seminario web
In this Webinar, the management team will provide further context on the newly released Independent Expert Report ("IER") on the Kodiak Field by Netherland, Sewell & Associates ("NSAI"), Pantheon's newly released management resource estimate on the new leases for the Eastern extension of the Ahpun field, modelled individual well economics, together with a detailed Q&A session. La presentación abordará lo siguiente, incluida cierta información actualizada:
1. Resumen del informe NSAI y ventajas de la evaluación
2. Additional IERs presently underway on Ahpun
3. Modelled Individual well economics and commerciality
4. Pantheon management resource estimates - Ahpun project - Eastern Topsets
5. Discussion on opportunity for non-equity dilutive funding backed by potential gas sales to in-state consumers through the AGDC proposed gas pipeline
6. Discussion on potential Helium opportunity
7. Preguntas y respuestas
Current Resource Base for Pantheon Leases in ANS (based upon 100% working interest)
Fuente | Clasificación | Mejor estimado Aceite (millones de barriles) | Mejor estimado NGL (millones de barriles) | Total Marketable Liquids (million bbls) | Mejor estimado Gas (bcf) |
Kodiak (NSAI - April 24) | Contingente | 425.8 | 782.1 | 1,207.9 | 5,396.3 |
Ahpun - Alkaid (LKA - Jun 20) | Contingente | 76.5 | - | 76.5 | N/A |
Ahpun - Western Topsets (management estimate, Julio 21) | Contingente | 404 | - | 404 | 2,000 |
Ahpun - Eastern Topsets (management estimate - see below) | Prospective | 510 | 99 | 609 | 3,300 |
Other Zones, SFS, UBFF, Kuparuk | N/A | N/A | N/A | N/A | N/A |
NSAI Contingent Resource Estimates - Kodiak Field
Following receipt of NSAI's Independent Expert's Report announced on 9 April 2024, the current best estimate of contingent recoverable marketable liquids stands at 1,207.9 million barrels ("mmbbls") and 5,396.3 billion cubic feet ("bcf") of natural gas for the Kodiak Field. This represents a 25% increase compared to the 2023 assessment prior to the inclusion of the new leases on which Pantheon was the successful bidder in December 2023. The high estimate shows a better than 40% increase on the previous report, reflecting the potential for substantial improvement in reservoir properties at shallower depths in the new leases.
Lee Keeling & Associates ("LKA") Reserves Estimates - Ahpun Field, Alkaid Horizon
LKA has been contracted to provide an updated Independent Expert Report ("IER") on the Alkaid horizon of the Ahpun Field. This work is presently underway and will be released once completed.
Cawley Gillespie & Associates ("CGA") Contingent Resource Estimates - Ahpun Field, Western Topsets
CGA has been contracted to provide an IER on the Western Topsets in the Ahpun Field. This work is presently underway and will be released once completed.
Management Resource estimate - Ahpun Eastern Topsets
Approximately 23,000 of the c.66,000 acres successfully bid for in December 20231 cover the Eastern Topsets of the Ahpun project. Management has completed an internal resource assessment and, in a P50 case, estimates a Prospective Resource (gross) of 609 million barrels of marketable liquids, as summarised in the table below. The Company intends to drill an exploration/appraisal well in the Ahpun Eastern Topset, once funded, to further refine the resource estimate.
1 The Company has paid an initial 20% deposit to the State of Alaska with the remainder payable on official award of the new leases which is anticipated this quarter.
Ahpun Eastern Topsets - Management resource estimate - 100% working Interest1
Categoría de recursos | Aceite (millones de barriles) | LGN (millones de barriles) | Total Marketable Liquids (millones de barriles) |
Low Estimate (1U) | 383 | 73 | 459 |
Best Estimate (2U) | 510 | 99 | 609 |
High Estimate (3U) | 687 | 134 | 818 |
I. Gross resources - prior to deduction of c. [13.5% to 17.7%] royalties.
II. Pantheon will have 100% working interest in all leases once award complete.
III. Management resource estimates have been prepared in accordance with definitions and guidelines set forth in the 2018 Petroleum Resource Management System (PRMS) approved by the Society of Petroleum Engineers (SPE).
IV. Estimated 70% Geological probability of success.
SLB Modelling Update - Ahpun Western Topsets Individual Well Type Curve
SLB has continued its dynamic modelling of Pantheon's reservoirs and provided a single well model based on the rock properties logged and sampled (whole core) at the Pipeline State-1 well location. This results in per well recoveries of 3.7 million barrels of marketable liquids and 8 bcf of natural gas.
Illustrative Economic Modelling - Ahpun Western Topsets Individual Well Company Assessment
SLB's results are consistent with the Company's own modelling, which estimates 3.5 mmbbls and 8 bcf expected recoveries per well, and yields the following economic results (on a pre-Federal Income Tax basis):
Illustrative examples - Per well modelled economics
| |||
Ahpun Topsets EUR 3.5 mmbbls |
| ||
ANS price per bbl | NPV @ 10% $000's | IRR |
|
$60 | $43,872 | > 100% | |
$70 | $57,052 | > 100% | |
$80 | $70,232 | > 100% | |
$90 | $83,412 | > 100% |
Kodiak - Theta West EUR 3.65 mmbbls |
| Kodiak Updip EUR 4.56 mmbbls | ||||
ANS price per bbl | NPV @ 10% $000's | IRR |
| ANS price per bbl | NPV @ 10% $000's | IRR |
$60 | 36,398 | > 100% | $60 | 48,811 | > 100% | |
$70 | 68,226 | > 100% | $70 | 83,328 | > 100% | |
$80 | 100,055 | > 100% | $80 | 117,845 | > 100% | |
$90 | 131,884 | > 100% | $90 | 152,361 | > 100% |
Principal assumptions and management estimates:
• ANS prices have been discounted by 10%.
• Wells modelled at 3.5 million bbl marketable liquids EUR in Ahpun Topsets, 3.65 million bbl in Kodiak at Theta West-1 location and 4.56 million bbl in updip Kodiak locations.
• Assumed zero revenues for natural gas or helium.
• Transportation costs - TAPS tariff and shipping to US West Coast estimated at $7.50/bbl.
• 1 injection well modelled for every 3 production wells.
• Production wells costed at $17 million and injection wells costed at $15 million per well.
• Well pads and production facilities estimated at $50 million for 20 well pad.
• State profits tax at 35% after payout (4% minimum tax rate prior to payout). Pre federal taxes.
• Estimates based upon information available at the date of announcement - actual outcomes may differ.
Información adicional
Recursos del panteón plc
Jay Cheatham, director ejecutivo
David Hobbs, presidente ejecutivo +44 20 7484 5361
Justin Hondris, Director, Finanzas y Desarrollo Corporativo
Canaccord Genuity Limitado (Asesor designado y broker)
Henry Fitzgerald-O'Connor, Ana Ercegovic +44 20 7523 8000
BlytheRay
Tim BlytheMegan RayMatthew Bowld +44 20 7138 3204
In accordance with the AIM Rules - Note for Mining and Oil & Gas Companies - June 2009, the information contained in this announcement has been reviewed and signed off by David Hobbs, a qualified Petroleum Engineer and a member of the Society of Petroleum Engineers, who has nearly 40 years' relevant experience within the sector.
La información contenida en este Anuncio se considera por Panteón Recursos PLC constituir información privilegiada según lo estipulado en el Reglamento sobre Abuso de Mercado (UE) n.º 596/2014, ya que forma parte de La ley del Reino Unido en virtud de la Unión Europea (Retiro) Ley de 2018 ("MAR").
Notas a los editores
Pantheon Resources plc is an AIM listed Oil & Gas company focused on developing the Ahpun and Kodiak fields located on state land on the Alaska North Slope ("ANS"), onshore USA, where it has a 100% working interest in c. 193,000 acres. In December 2023, Pantheon was the successful bidder for an additional 66,240 acres with very significant resource potential, contiguous to the Ahpun and Kodiak projects. Following the issue of the new leases, which are expected to be formally awarded in summer 2024 upon payment of the balance of the application monies, the Company will have a 100% working interest in c. 259,000 acres. Certified contingent resources attributable to these projects are currently around 1.3 billion barrels of marketable liquids, located adjacent to Alaska's Trans Alaska Pipeline System ("TAPS") with additional IERs expected within the next month.
El objetivo declarado de Pantheon es demostrar el reconocimiento sostenible en el mercado de un valor de $5-$10/bbl de recursos recuperables para fines de 2028. Esto se basa en apuntar a la Decisión de Inversión Final ("FID") en el campo Ahpun para fines de 2025, sujeto a aprobaciones regulatorias, aumentar la producción a al menos 20,000 barriles por día de líquidos comercializables en la línea petrolera principal TAPS y aplicar los flujos de efectivo resultantes para respaldar al FID en el campo Kodiak para fines de 2028.
Un diferenciador importante con respecto a otros proyectos de ANS es la proximidad a las carreteras y oleoductos existentes, lo que ofrece una importante ventaja competitiva a Pantheon, lo que permite costos de infraestructura sustancialmente más bajos y la capacidad de respaldar el desarrollo con un requisito de financiamiento previo al flujo de caja significativamente menor de lo habitual. en alaska.
The Company's project portfolio has been endorsed by world renowned experts. Netherland, Sewell & Associates ("NSAI") estimate a 2C contingent recoverable resource in the Kodiak project that total 1,208 million barrels of marketable liquids and 5,396 billion cubic feet of natural gas. Cawley Gillespie & Associates and Lee Keeling & Associates are working on estimates for the Ahpun Field Topset and Alkaid horizons.
Glosario
Bbls: barriles
Bcf: Mil millones de pies cúbicos
Recurso contingente: Aquellas cantidades de petróleo que se estima, a una fecha determinada, como potencialmente recuperables de acumulaciones conocidas mediante la aplicación de proyectos de desarrollo, pero que actualmente no se consideran comercialmente recuperables debido a una o más contingencias.
LGN: Los líquidos del gas natural (LGN) son componentes del gas natural que se separan del estado gaseoso en forma de líquidos.
Recursos prospectivos: Those quantities of petroleum which are estimated, on a given date, to be potentially recoverable from undiscovered accumulations.
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