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Pantheon Resources Plc
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== Market == === Total Addressable Market === Here, the total addressable market (TAM) is defined as the global market for oil and gas exploration and production, which includes every potential consumer or business that could use or buy oil and gas, and based on a number of assumptions, it is estimated that the size of the market as of today (3rd September 2023), in terms of revenue, is $5.3 trillion.<ref>[https://www.ibisworld.com/global/market-size/global-oil-gas-exploration-production/#:~:text=The%20market%20size%2C%20measured%20by,is%20%245.3tr%20in%202023. https://www.ibisworld.com/global/market-size/global-oil-gas-exploration-production/#:~:text=The%20market%20size%2C%20measured%20by,is%20%245.3tr%20in%202023.]</ref> === Serviceable Available Market === Here, the serviceable available market (SAM) is defined as the oil and gas exploration and production market in the Alaskan North Slope, and based on a number of assumptions, it is estimated that the size of the market as of today (3rd September 2023) is 3.6 billion barrels of oil and 8.9 trillion cubic feet of natural gas conventional resources, which equates to around $242.7 billion in terms of revenue.<ref>To estimate the revenue from 3.6 billion barrels of oil and 8.9 trillion cubic feet (Tcf) of natural gas, you would need to know the prevailing market prices for both commodities. Please note that oil and gas prices can fluctuate significantly based on various factors, so this is a very general estimate. 1) Oil: Let's use an average price of $60 per barrel, which is a rough average for Brent crude over various periods in the late 2010s and early 2020s. 3.6 \text{ billion barrels} \times $60/\text{barrel} = $216 \text{ billion} 2) Natural Gas: Natural gas prices can be more region-specific than oil prices. In the U.S., the Henry Hub spot price is a common benchmark. Let's use an average price of $3 per thousand cubic feet (Mcf) for simplicity, though this price can vary widely. 8.9 \text{ Tcf} \times $3/\text{Mcf} = $26.7 \text{ billion} Adding these together: $216 \text{ billion (from oil)} + $26.7 \text{ billion (from gas)} = $242.7 \text{ billion} So, based on these rough price estimates, 3.6 billion barrels of oil and 8.9 Tcf of natural gas could equate to approximately $242.7 billion in revenue. However, it's essential to consider several factors: 1) Extraction Costs: The revenue figures above don't account for the costs of extracting, refining, transporting, and selling the oil and gas. These costs can be substantial. 2) Price Fluctuations: Oil and gas prices can fluctuate significantly based on global demand, geopolitical events, technological advancements, and other factors. 3) Taxes and Royalties: Governments often take a share of the revenue in the form of taxes, royalties, or other fees.</ref> === Serviceable Obtainable Market === Here, the serviceable obtainable market (SOM) is defined as the Alaskan North Slope oil and gas exploration and production market in which the company holds lease licenses, and based on a number of assumptions, it is estimated that the size of the market as of today (3rd September 2023), in terms of revenue, is $ccc billion.
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