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  2. Share Prices
  3. Pantheon Res Share Price
  4. Pantheon Res Share News
  5. IN BRIEF: Pantheon Resources spuds horizontal well Alkaid-2

Pin to quick picksPantheon Res Share News (PANR)

Pantheon Res Information

Share Price Information for Pantheon Res (PANR)

London Stock Exchange
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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
PANR Live PriceLast checked at -

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IN BRIEF: Pantheon Resources spuds horizontal well Alkaid-2

Thu, 07th Jul 2022 19:31

Pantheon Resources PLC - London-based oil and gas company focused on Alaska - Commences operations on the Alkaid oil accumulation with the spudding of horizontal well Alkaid-2, using the Nabors 105AC drill rig. The well has three main objectives: production testing a proven oil formation first found in Alkaid 1, exploring the deeper potential for oil in that zone and appraising an extension of oil discovered in the Shelf Margin Deltaic at Alkaid-1 and Talitha-1.

"As our first horizontal well, Alkaid-2 is an important operation for Pantheon. The long-term production test through the horizontal section will define the resource and aid the understanding and future development potential of Alkaid. But most importantly, if successful, it will begin generating revenue for the company. The Alkaid-2 well is the first production well in this new oil field using unconventional technology," said Chief Executive Officer Jay Cheatham.

Current stock price: 87.17 pence

12-month change: up 74%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
8 Apr 2022 14:33

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

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.

Read more
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.

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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:

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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.

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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.

Read more
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:

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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.

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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.

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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.

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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:

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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.

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7 Feb 2022 11:25

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

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

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7 Feb 2022 11:15

Pantheon Resources jumps on positive results at Talitha A in Alaska

Pantheon Resources jumps on positive results at Talitha A in Alaska

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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.

Read more
24 Jan 2022 11:27

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

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

Read more
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