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 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 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.
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) told investors that hydraulic fracture stimulation at the Dubhe-1 well is expected to begin in the week commencing 29 September. The well, located within the Ahpun project on Alaska's North Slope, has completed drilling and casing operations and is now ready for the final stages of completion.
Pantheon Resources Plc (OTCQX:PTHRF) Discusses on Dubhe-1 Investor Update Conference Call September 9, 2025 12:30 PM EDT Company Participants Max Easley - CEO & Director David Hobbs - Executive Chairman Erich Krumanocker - Chief Development Officer Tralisa Maraj - Chief Financial Officer Presentation Operator Good afternoon, ladies and gentlemen. Welcome to the Pantheon Resources Investor Update.
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) reported that its Dubhe-1 appraisal well on Alaska's North Slope exceeded pre-drill expectations in the primary SMD-B target. "We are delighted to announce the Dubhe-1 pilot hole results as a success," said chief development officer Erich Krumanocker.
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) has started drilling a new well, Dubhe-1, near the Ahpun oil field on Alaska's North Slope. The company, known for developing nearby Kodiak and Ahpun fields, aims to better understand the size and quality of oil and gas reserves close to existing pipelines and roads.
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF), earlier this month, raised $16.25 million in new capital. That is no mean feat in a market that, despite signs of thaw, has largely frozen out natural resources plays in recent times.
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF), the oil and gas company working on projects in Alaska's North Slope, has confirmed that its drilling rig is on the move to start an important appraisal well. The Nabors 105AC rig is being mobilised to the Dubhe-1 well pad.
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) has announced a $16.25 million equity raise, with proceeds set to fund the planned Dubhe-1 appraisal well on Alaska's North Slope. A placing and subscription are price the new shares at 21.15p each.
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) has appointed Marty Rutherford to its board, as a non-executive director, as it seeks to advance its projects in Alaska. Rutherford has held several senior policy roles in Alaska, including multiple terms as deputy commissioner of the Department of Natural Resources.
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) has appointed Tralisa Maraj as chief financial officer and Erich Krumanocker as chief development officer. Tralisa Maraj will succeed Phil Patman, with her appointment effective from 14 July.