Last checked at 
Pantheon Resources PLC - oil & gas explorer with assets in Alaska and Texas - Says the ice road from the Dalton Highway to the Talitha A location, in Alaska, together with the pad at the Talitha A location have both been completed and the camp set up. Construction of the eight mile ice road from Talitha A to the Theta West 1 location is also approximately 50% completed.
Company says that its upcoming drilling programme and near-term objective is to prove the resource at Theta West and the commercial potential of its discovered resources at its Talitha and Greater Alkaid projects. Talitha A will test several oil bearing zones that were encountered in 2021.
"It is now full steam ahead on the Alaskan North Slope with the commencement of a major work programme that is both funded and significantly de-risked after a decade of investment where some USD300 million has been invested to date," Chief Executive Jay Cheatham says.
Current stock price: 79.79 pence
12-month change: up 86%
By Greg Roxburgh; gregroxburgh@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
