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Share Price: 32.65

Bid: 32.45

Ask: 32.80

Change: 0.20 (0.62%)

Spread: 0.35 (1.079%)

Open: 33.80

High: 33.80

Low: 32.25

Prev. Close: 32.45

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IN BRIEF: 88 Energy rises after positive mapping result at Icewine

Fri, 08th Apr 2022 14:33

88 Energy Ltd - Australia-based oil explorer in US state of Alaska - Says the completed third party preliminary mapping of the Shelf Margin Delta play, where its "neighbour" Pantheon Resource has had success in recent months, indicates that all play fairways extend into its Icewine project. Says that Pantheon confirmed reservoir deliverability of light, sweet oil, which is positive for the prospectivity of the adjacent Icewine acreage. Says the completion of the independent resource update for project Icewine is scheduled for the second quarter.

The Icewine project is located on the central North Slope of Alaska and covers roughly 195,000 acres.

Current stock price: 0.86 pence, up 7.5% on Friday

12-month change: down 49%

By Abby Amoakuh; abbyamoakuh@alliancenews.com

More News

30 Oct 2023 14:15

IN BRIEF: 88 Energy gears up for Phoenix reservoir resource estimate

88 Energy Ltd - Alaska-focused oil and gas company based in Subiaco, Western Australia - Appoints independent consultants Netherland, Sewell & Associates, Inc to conduct a contingent resource estimate on the Basin Floor Fan reservoir at Project Phoenix on Alaska's Central North Slope. News follows Pantheon Resources PLC declaring a significant contingent resource for the Lower BFF reservoir. 88 says BFF was the deepest hydrocarbon-bearing pay zone intersected during drilling and logging of the Hickory-1 exploration well. Says NSAI's assessment, based on results from Hickory-1 and nearby offset wells, may lead to Hickory-1 being confirmed as a discovery. NSAI has starting reviewing and integrating existing data from all reservours.

19 Oct 2023 14:31

IN BRIEF: Pantheon Resources completes re-entry of Alkaid-2 well

Pantheon Resources PLC - Oil and gas company focused on developing the Ahpun and Kodiak fields, onshore US - Completes re-entry of the Alkaid-2 well and flow test of the Shelf Margin Deltaic B horizon. Says that testing operations have been successful at demonstrating producible oil from the SMD horizon in the Aphun field. Notes that post well analysis has suggested that the frac treatment resulted in vertical propagation across the entirety of the the 200 feet gross reservoir column, and extended laterally some 300 to 400 feet. The flow rates themselves were not expected to be material because the objective was to limit drawdown in the initial flow back. However, the actual flow rates were substantially better than prognosed.

27 Sep 2023 16:06

TRADING UPDATES: ECR Minerals submits exploration licence in Australia

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

15 Sep 2023 20:56

IN BRIEF: Pantheon Resources updates on activities at Ahpun field

Pantheon Resources PLC - oil and gas company focused on developing the Ahpun and Kodiak fields, onshore US - On Thursday, says Netherland, Sewell & Associates has begun preparing a report on the Alkaid horizon at the Ahpun project. This is expected to be completed in the final quarter of 2023 or the first quarter of 2024. A report on the Shelf Margin Deltaic horizon will follow. Notes that GeoMark and SLB have completed their analysis of the reservoir fluid composition in the Alkaid-2 location. Says it suggests that approximately one third of the hydrocarbon pore space contains free gas, while two-thirds contains liquids with dissolved gas. Adds SLB has now begun full field planning studies at Ahpun and expects to complete this during the second quarter of 2024. Additionally, company expects mobilization of the All-American Oil Rig 111 during the last week of September for the Alkaid-2 SMD test.

7 Sep 2023 17:07

TRADING UPDATES: RA International loss narrows as revenue grows

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

30 Aug 2023 14:46

Director dealings: Pantheon, Abrdn directors pick up market shares

(Sharecast News) - Pantheon Resources was on the list of director buys on Wednesday, after its executive chairman picked up one million shares.

30 Aug 2023 12:02

IN BRIEF: Pantheon Resources Chair David Hobbs buys 1 million shares

Pantheon Resources PLC - London-based oil and gas company focused on onshore operations in the US - Executive Chair David Hobbs buys 1.0 million shares prices at GBP0.16411 each, worth GBP164,110, in London on Tuesday. Hobbs is now interested in 2.7 million shares, a 0.3% stake.

29 Aug 2023 10:23

AIM WINNERS & LOSERS: Pelatro plummets on delisting plans

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

29 Aug 2023 10:22

IN BRIEF: Pantheon Resources shares up on resource estimate for Kodiak

Pantheon Resources PLC - London-based oil and gas company focused on onshore operations in the US - Confirms best estimate contingent resource estimate for the Kodiak oil field in Alaska totals 962.5 million barrels.

29 Aug 2023 08:02

Pantheon shares jump on 1m-barrel estimate for Kodiak field

(Sharecast News) - AIM-listed oil and gas group Pantheon Resources has received its third-party estimate for its Kodiak Field, which indicates nearly one million barrels of oil.

28 Jul 2023 20:46

TRADING UPDATES: Limitless Earth loss widens; Black Sea NAV rises

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

8 Jun 2023 14:55

IN BRIEF: Pantheon appoints David Hobbs as chair, after Globe retires

Pantheon Resources PLC - Oil and gas company focused on onshore operations in the US - Says Chair Phillip Globe intends to retire. The board has chosen David Hobbs, who joined the board in a strategic capacity in March, as the new chair. He will become executive chair upon the execution of an employment agreement.

8 Jun 2023 10:12

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Pantheon Res Share News (PANR)

Share Price Information for Pantheon Res (PANR)

IN BRIEF: 88 Energy rises after positive mapping result at Icewine

IN BRIEF: 88 Energy gears up for Phoenix reservoir resource estimate

IN BRIEF: Pantheon Resources completes re-entry of Alkaid-2 well

TRADING UPDATES: ECR Minerals submits exploration licence in Australia

IN BRIEF: Pantheon Resources updates on activities at Ahpun field

TRADING UPDATES: RA International loss narrows as revenue grows

Director dealings: Pantheon, Abrdn directors pick up market shares

IN BRIEF: Pantheon Resources Chair David Hobbs buys 1 million shares

AIM WINNERS & LOSERS: Pelatro plummets on delisting plans

IN BRIEF: Pantheon Resources shares up on resource estimate for Kodiak

Pantheon shares jump on 1m-barrel estimate for Kodiak field

TRADING UPDATES: Limitless Earth loss widens; Black Sea NAV rises

IN BRIEF: Pantheon appoints David Hobbs as chair, after Globe retires

Pantheon appoints new exec chair as Gobe retires

Pantheon Resources awarded almost 40,000 acres in Alaska

Pantheon Resources accepts and pays for 39,540 acre Alaska lease

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Pantheon Res Share News (PANR)

Share Price Information for Pantheon Res (PANR)

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IN BRIEF: 88 Energy rises after positive mapping result at Icewine

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