Pantheon Resources Plc (PTHRF)
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Pantheon updates on Alaska well as well flows continue, and it awaits further data
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) has provided an operational update on the Dubhe-1 well on Alaska's North Slope as clean-up work continues. Production remains dominated by stimulation fluids, though intermittent oil began flowing on 3 November.
Pantheon Resources updates on Alaska well
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) has provided an operational update on its Dubhe-1 well on Alaska's North Slope, where it is still in the early clean-up stage. The junior oil and gas firm said that 20% of injected stimulation fluids have been recovered so far.
Pantheon Resources well results were fantastic, and expected - ICYMI
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) chief executive Max Easley and Chief Development Officer Erich Krumanocker spoke with Proactive about the company's transition from development to production at the Dubhe-1 well in Alaska. They discussed recent operational milestones, including a large-scale well completion, and outlined next steps as Pantheon targets first production.
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Pantheon Resources Plc Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Mr. Max Easley CEO | OTC PINK Exchange | GB00B125SX82 ISIN |
| GB Country | 12 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
Pantheon Resources Plc is a prominent company dedicated to the exploration and production of oil and gas primarily within the United States. Founded in 2005 and with its headquarters based in London, United Kingdom, Pantheon Resources has established itself in the energy sector by focusing on significant projects in Alaska. The company's strategic approach to targeting valuable resources through its subsidiaries has positioned it as a key player in the oil and gas industry, providing vital energy solutions amidst the dynamic and challenging landscapes of energy production and exploration.
Products and Services
- Greater Alkaid Project
This project represents one of Pantheon Resources' primary assets, enveloping an area of 22,804 acres in Alaska. The Greater Alkaid Project is a testament to the company's commitment to harnessing significant oil and gas resources, designed to explore and efficiently produce energy within the region's challenging terrains. Pantheon Resources' strategic investment in this project underscores its dedication to energy innovation and sustainability.
- Talitha Project
Another cornerstone of Pantheon Resources' portfolio is the Talitha Project, which spans approximately 44,463 acres. Like the Greater Alkaid, the Talitha Project is situated in Alaska, a region known for its substantial oil and gas reserves. This project illustrates the company’s tactical approach to energy exploration, aiming to unlock the rich potential of Alaska's vast landscapes for oil and gas production. Through Talitha, Pantheon Resources leverages advanced exploration techniques and sustainable practices to meet the growing demand for energy.
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