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What type of data and information would a prospective farm-in partner, farm-down, farm-out, joint venture agreement, or purchaser look at regarding oil and gas acreage?

Potential partners or purchasers of oil and gas prospects usually visit a "Data Room." It is confidential and legal agreements are put in place prior to viewing.

Potential buyers or partners make their decision whether to make an offer based on the information made available to them. It also influences their offer size and quality.

Data Rooms can be Physical or Virtual or a combination of both.

Example of Visual Data Room

Potential buyers will review every "Data Room" aspect including but not limited to the following:

Oil and Gas Permits/Licenses/PSCs

• Maps and models
• Legal & Agreements - Mineral Leases
• Financial -
• Current and future crude oil price.
• Crude Oil Purchasing Contract and associated Tariffs
• Wells
• Past Wells

Overview

Wells summary table covering key info such as drill date, well status, well location, drill depth, well type, production to date and current production rate.

Wells map

Exploration Wells

Well completion reports

Well logs

Drill stem tests

Core data & analysis

Drilling reports

Appraisal Wells

Flow tests

Development / Production Wells

Offset/Nearby Wells (*Pantheon Resources PLC)

Future Wells

Well plans and designs

Well cost estimates

• Resource & Reserves Independent Reserves Certification
  • Reports
  • Reserves
  • Estimates
  • Volumetric
  • Potential Resources
  • Estimation Resource Maps
• Production / Production History Data to date by well
  • Commentary
  • Production Forecasts
• Petroleum Geology and Mineralization
  • Regional Geology
  • Field Geology
  • Petrophysics
  • Reservoir rock and fluid properties
  • Well log interpretation
  • Reservoir Engineering
  • Reservoir Characterization and Simulation
  • Reservoir models
  • Reservoir Geophysics
  • Formation Evaluation
  • Well Log Analysis
  • Well Testing
  • Seismic Surveys
  • Regional Seismic
  • Seismic Survey Reports
  • 2D Seismic Data
  • 3D Seismic
  • Data Project Seismic
  • Seismic Survey Reports2D
  • Seismic Data3D Seismic Data
• Facilities - gathering systems, processing plants, pipelines.
• Field Development

Conceptual Development Studies

Field Development Plan

Development Cost Estimate

• Exploration

Recent Exploration

Historical Exploration

• Abandonment/Decommissioning
• Native Title/Heritage
• Environmental

Pantheon has mention they have a data room.

If a buyout - Finale approval by the State of Alaska for the buyer to conduct business as a corporation is required.

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