Pantheon Resources looks forward to horizontal well testing after winter disruption
“We will put it on a long-term test and we will truck the oil up the Dalton Highway"
Company
Pantheon Resources PLC
LON:PANR
Pantheon Resources is an independent oil and gas company, headquartered in Houston, focused on developing the Kodiak and Ahpun fields, a portfolio of high-impact oil projects on the Alaska North Slope (ANS), spanning a 100% working interest across 258,000 acres. Independently certified best estimate contingent recoverable resources currently total c. 1.6 billion barrels of ANS crude and 6.6 Tcf of associated natural gas across the company’s properties. All acreage is on state lands with supporting regulatory authorities and no federal land use approval required (aside from Army Corps. Of Engineers).
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Timing could be perfect for Pantheon Resources Plc to unearth billion barrel discoveries in Alaska
“We believe that the assets of Pantheon Resources represent a potential means of decreasing reliance on Russian oil in a manner that conforms to the highest standards of ESG,” WH Ireland analyst Brandan Long.
Pantheon Resources says Theta West “likely exceeds expectations” after encouraging initial well results
"We are very excited by this result at Theta West," said chief executive Jay Cheatham
Pantheon Resources Plc set to start Theta West testing despite challenges of Alaskan winter
“Over the coming weeks, we will test what the company believes is a significant oil accumulation,"
Pantheon Resources says it has another excellent result in Alaska
“Encouragingly, our testing to date suggests that we could be in the sweet spot for finding light oil on the North Slope," said technical director Bob Rosenthal.
Pantheon Resources issues shares after US$2mln conversion of bonds
The company has received a Notice of Conversion in respect of US$2 million of the US$55 million unsecured convertible bond issue
Pantheon Resources share price advance continues on ‘encouraging’ well result in Alaska
“We believe the results announced today are very encouraging," said stockbroker WH Ireland.
Pantheon Resources encounters hydrocarbons in Theta West well, awaits further tests
Extreme cold weather has hampered operations on Alaska’s North Slope and further analysis is pending, nonetheless data available to date is said to be “encouraging”.
Pantheon Resources shares soar as first of two well results bode well for Alaska project
The AIM-quoted exploration share shot up as much as 40% in Monday's deals as speculators look forward to imminent second well result.
Pantheon Resources says Talitha flow rates exceed expectations
"This is a great result and better than we had expected at this location,” said chief executive Jay Cheatham
Pantheon Resources spuds Theta West well and kicks of Talitha testing
“These wells test very large targets and have the potential to be very material for all shareholders, if successful," Jay Cheatham said
Pantheon Resources boosted as lands drill permit for next well
The explorer has an exciting drilling and testing programme planned for the next six months or more.
Pantheon Resources declares 'full steam ahead' for 2022
The 2022 drilling programme targets some 2.2 billion barrels of recoverable oil,
Pantheon Resources gets green light for Alaska development
“We are pleased to receive formal approval of our Plans of Operations at Theta West and Talitha and continue to work closely with the State of Alaska to finalise the remaining applications"
Pantheon Resources raises US$96mln for Alaska well programme
Chief executive Jay Cheatham hailed a fantastic result as high demand resulted in a significant overfunding above the explorer's initial target
Pantheon Resources in short-term finance deal to secure equipment for Alaska winter drilling
The funds will be used to secure equipment, goods and services ahead of the planned winter drilling programme on its Alaska North Slope projects, the oil and gas company said
Pantheon Resources remains focused on finding farm-in partner
It hopes today’s webinar presentation will allow investors and industry participants to gain a greater appreciation for the impressive quality of data and analysis underpinning its projects
Pantheon Resources in stronger position as it advances farm-out funding efforts for Alaska venture
“We remain focussed on finding a suitable partner to farm-in to one or more of our projects,” Jay Cheatham said
Proactive weekly oil and gas highlights: Pantheon Resources, San Leon, i3 Energy, 88 Energy, Challenger Energy, Mosman, Block Energy, Zephyr Energy, Coro Energy, Helium One Global
A round-up of the announcements from small-cap energy companies in the last week
Pantheon Resources price target hiked after Alaska resource boost
The shares rose 18.5% to 61.6p or around a third of Canaccord’s new price target of 170p