Chief executive Jay Cheatham of Pantheon Resources PLC (AIM:PANR, OTC:PTHRF) joins Proactive London to talk about the company's plans to spud at the Alkaid-2 well in July, allowing the company to begin a long-term production test and, importantly, "begin generating revenue for the company".
The firm told investors it has formally executed contracts for the Nabors 105AC drill rig which will drill the Alkaid-2 well on Alaska's North Slope later this year.
Cheatham also reacts to a broker putting a sell recommendation out this week.