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Share Price: 34.10

Bid: 34.00

Ask: 34.40

Change: -2.00 (-5.54%)

Spread: 0.40 (1.176%)

Open: 36.15

High: 37.00

Low: 34.10

Prev. Close: 36.10

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IN BRIEF: Pantheon Resources executes contract for Alkaid well spud

Mon, 16th May 2022 19:34

Pantheon Resources PLC - London-based oil and gas company focused on Alaska - Executes contracts for a drill rig to drill the Alkaid-2 well, scheduled to spud in July.

If spudding is successful, Pantheon will start a long term production test and truck and sell the produced oil to a nearby North Slope facility.

The well has several objectives, including the appraisal of the shallower Shelf Margin Deltaic horizon, and the starting of a long-term production test of the Alkaid horizon.

In addition, Pantheon has received plan of operations approval from the state of Alaska on the Alkaid projects.

Current stock price: 132.16 pence

12-month change: up sharply from 30.75p

By Dayo Laniyan; dayolaniyan@alliancenews.com

More News

31 Mar 2022 13:27

Pantheon Resources reports wider losses as testing continues

(Sharecast News) - Alaskan North Slope-focussed oil and gas explorer and producer Pantheon Resources reported a loss of $4.4m for its first half on Thursday, widening from $3m year-on-year.

31 Mar 2022 13:04

TRADING UPDATES: Impellam and Maintel in profit; Curtis Banks prospers

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

24 Mar 2022 12:37

Pantheon upbeat on latest work at Theta West

(Sharecast News) - Alaska North Slope-focussed oil and gas company Pantheon Resources updated the market on work at Theta West on Thursday, reporting that testing of the Lower Basin Floor Fan (LBFF) had started. with the well flowing "high quality oil" to the surface.

24 Mar 2022 12:07

IN BRIEF: Pantheon Resources rises on good test results at Theta West

Pantheon Resources PLC - London-based oil and has company focused on Alaska - Says that testing of the lower basin floor fan at its Theta West 1 well has started. Says that the well is flowing high-quality oil to the surface that likely exceeds its pre-drill resource estimates of 1.2 billion barrels of oil. Notes that the well delivered oil at rates that averaged over 57 barrels of oil per day with peak rates exceeding 100 barrels of oil per day over 2 and a half days. Over the final day before the shut-in, the well was averaging approximately 59 barrels of oil per day.

4 Mar 2022 21:44

TRADING UPDATES: Resolute Mining ups mine life and mineral resources

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

23 Feb 2022 21:37

IN BRIEF: Pantheon Resources reports positive results at Talitha A

Pantheon Resources PLC - London-based oil and has company focused on Alaska - Completed flow testing operations on at Talitha A on Monday. The company perforated two separate five foot intervals at 8,160 to 8,165 feet and 7,855 to 7,860 feet. The two intervals were stimulated and flow tested together, producing 35 to 38 degree American Petroleum Institute oil and averaging 45 barrels of oil per day over a three day test period.

21 Feb 2022 09:52

Pantheon upbeat on latest flow testing on North Slope

(Sharecast News) - Alaska North Slope-focussed oil and gas company Pantheon Resources updated the market on its operations on Monday, announcing that flow testing operations were complete on the Slope Fan System (SFS) - a Brookian-aged horizon - at Talitha A.

18 Feb 2022 19:39

IN BRIEF: Pantheon Resources issues shares following loan conversion

Pantheon Resources PLC - London-based oil and gas company with a portfolio focused in Alaska - Issues 1.9 million shares following notice of conversion in respect of USD2 million of the USD55 million unsecured convertible bond.

15 Feb 2022 22:16

TRADING UPDATES: Tullow faces Norway charge; Light Science wins grant

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

15 Feb 2022 09:29

Pantheon Resources rises on latest North Slope work

(Sharecast News) - Alaska North Slope-focussed oil and gas company Pantheon Resources said in an update on Tuesday that Theta West 1 had reached total depth at 8,450 feet, having drilled through both the Upper and Lower Basin Floor Fan target horizons, encountering around 1,160 gross feet of oil-bearing reservoir across both.

7 Feb 2022 11:25

AIM WINNERS & LOSERS: Pantheon Resources rises on Talitha flow rates

7 Feb 2022 11:15

Pantheon Resources jumps on positive results at Talitha A in Alaska

7 Feb 2022 08:41

Pantheon Resources rockets on latest North Slope testing

(Sharecast News) - Alaskan North Slope-focussed oil and gas company Pantheon Resources updated the market on flow testing at Talitha A on Monday, confirming that testing was now complete on the Lower Basin Floor Fan (BFF) - a Brookian-aged horizon.

24 Jan 2022 11:27

IN BRIEF: Pantheon Resources spuds Theta West 1 well in Alaska

24 Jan 2022 10:26

Pantheon Resources spuds Theta West 1 well

(Sharecast News) - Alaska North Slope-focussed oil and gas company Pantheon Resources updated the market on the spudding of the Theta West #1 Well on Monday, reporting that following the completion of preparation work, the Nordic Calista #3 rig had mobilised 8.5 miles to the Theta West location where it spudded the well at 2200 GMT on 21 January.

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IN BRIEF: Pantheon Resources executes contract for Alkaid well spud

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