Replies to This Discussion

Permalink Reply by Rock Man on June 6, 2024 at 10:42

First I have seen info on DLE vs acreage allocation. Basically 10 square miles per DLE

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Permalink Reply by Skip Peel - Mineral Consultant on June 6, 2024 at 12:00

Yes.  I found a number of interesting facts in the news releases.

• The increased acreage continues to drive PFE towards a scalable project with the

Company’s conceptual estimate of one DLE production pad for every 6,500 acres based

on projects in development elsewhere, indicating the Company’s conceptual

production profile of up to four modules each producing 2,000-4,000 tpa of Lithium

Carbonate.

 

Pantera is obviously eschewing the permanent plant with pipeline system approach being promoted by the bigger players.

 

• Sub-Surface program fully underway with SLB with first expected results due in four

weeks to identify optimal initial re-entry well. 2D Seismic data has been acquired.

 

Pantera is targeting existing wells to the SMK depth as opposed to drilling new supply wells.  Re-entry of existing wells is much cheaper than drilling new wells but raises questions about the life span of the casings in those existing wells and the volume flow of brine based on the smaller diameter.

Commenting on the new leased acres, Executive Chairman Barnaby Egerton-Warburton said:

“This is an outstanding result as we continue to lease in the United States New Lithium Heartland, the Smackover Play Arkansas. Our exclusive abstract agreement continues to allow us to lease with little to no competition as our focus moves towards drilling, exploration and resource definition. I also note the further validation of the Smackover Lithium Brine Play with the entry of Norway’s Equinor, a world class leading energy company”.

“Exclusive abstract agreement”?  Allows leasing with little to no competition?  I don’t understand this.

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Permalink Reply by Rock Man on June 11, 2024 at 12:14

One day I hope to see a theoretical "plan" presented showing a "DLE Unit"

Including the actual DLE plus water supply wells plus pipelines and re-injection facilities 

Plus details on per day volumes of water being produced and processed.

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Permalink Reply by Hale Yayuh on June 12, 2024 at 3:04

I caught "exclusive abstract agreement" as well, and the thought that popped into my mind was to wonder if it was the same thing as how Chesapeake bought several abstract plants (title) during the early Haynesville in order to give them speed in title research to secure leases. They, literally, bought the abstract companies. They'd walk in with a stupid high amount of money and just buy it. I also have wondered if those abstract companies' records were 'lost' forever to Chesapeake. I assume that it is.

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Permalink Reply by Skip Peel - Mineral Consultant on June 12, 2024 at 8:35

A number of early Haynesville Shale operators bought abstract businesses not only to facilitate their title due diligence but to box out competitors.  A windfall for the abstract company owners but a detriment to mineral owners as it reduced competition.  You're right, this could be the same or something similar.

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