Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) has successfully completed hydraulic fracture stimulation operations at the Dubhe-1 well on Alaska’s North Slope.
The 25-stage plug-and-perforate programme was finalised over eight days without safety or environmental incidents, the AIM-quoted company said in a statement.
"We are extremely pleased with the success of the operations so far," Pantheon chief development officer Erich Krumanocker said.
"The team did an excellent job executing this large and intricate operation safely and efficiently. The stimulation was performed as planned, increasing our confidence in achieving the objectives of the forthcoming flow testing programme."
Dubhe-1 was previously drilled to a total depth of 15,000 feet, with approximately 5,200 feet of the lateral section entirely within the targeted SMD-B reservoir.