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Share Price Information for Pantheon Resources plc (PANR)

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Share Price: 26.50
Bid: 26.60
Ask: 26.90
Change: -0.50 (-1.85%)
Spread: 0.30 (1.128%)
Open: 27.10
High: 27.75
Low: 26.50
Prev. Close: 27.00
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Pantheon Resources Begins Field Operations To Re-Enter Alkaid Well

Mon, 25th Feb 2019 15:47

LONDON (Alliance News) - Pantheon Resources PLC said Monday that it started field operations to re-enter the suspended Alkaid well in the north slope of Alaska.

The well was drilled in 2015 but was not flow-tested at the time due to "an extreme weather event" causing flooding to the region.

"The well was suspended to avoid equipment being stranded at location after logging all zones, and after sidewall coring the deepest zone," the company explained.

Now, Pantheon plans to re-enter the well. Construction of an ice road to the location is well underway and the All-American Oilfield Services Rig 111 rig has been is estimated to arrive on site during the first week of March.

Chief Executive Officer Jay Cheatham said: "We have worked tirelessly to be in a position to test Alkaid so soon after completion of the Great Bear acquisition last month. We hope and expect that Alkaid borehole conditions will allow us to undertake a full evaluation of the oil encountered in the three independent zones."

"The Alkaid project along with Winx, currently drilling, provide enormous potential for Pantheon shareholders with both these exploration wells targeting multi-hundred million barrel oil accumulations, augmenting a portfolio of other major projects on the North Slope on our acreage," he added.

Pantheon Resources shares were trading up 0.7% at 23.67 pence each.

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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

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Pantheon Resources jumps on positive results at Talitha A in Alaska

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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.

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24 Jan 2022 11:27

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

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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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19 Jan 2022 11:47

IN BRIEF: Pantheon Resources exec sells after share option exercise

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TRADING UPDATES: DMGT takeover progresses; Pantheon receives permits

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Pantheon Resources gets approval for upcoming Theta West 1 well

(Sharecast News) - Oil and gas company Pantheon Resources said on Wednesday that the drilling permit for Theta West 1 had now been approved.

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(Sharecast News) - Alaskan North Slope-focussed oil and gas company Pantheon Resources announced on Friday that it has received formal approval for the plan of operations at Theta West and Talitha from the state's Department of Natural Resource.

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Pantheon completes 'significantly oversubscribed' $41m fundraise

(Sharecast News) - Alaska-focussed oil and gas company Pantheon Resources said on Wednesday that its equity fundraise was "significantly oversubscribed" and, having taken into account the strong support from existing and new investors, it had decided to increase its size to $38m.

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