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Share Price Information for Pantheon Resources plc (PANR)

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Share Price: 29.20
Bid: 29.00
Ask: 29.25
Change: 1.40 (5.04%)
Spread: 0.25 (0.862%)
Open: 29.75
High: 30.95
Low: 27.80
Prev. Close: 27.80
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Pantheon Resources Begins Flow Operations At East Texas Onshore Well

Fri, 02nd Nov 2018 08:40

LONDON (Alliance News) - Oil & gas exploration firm Pantheon Resources PLC said Friday flowing operations at its onshore Texas had now begun after the well and processing system were hooked up amid poor weather.

The firm explained the pipeline between its VOS#1 well in Tyler County, East Texas and its enterprise gathering and processing system had now been hooked up with flowing operations having begin.

Pantheon intends to bring the well online "slowly", however, in order to "allow it to gradually clean up as a result of its prolonged shut-in period". The firm will report flow rates in due course.

"Despite the ongoing rain and localised flooding in the area, the crews worked overtime under poor conditions to complete the tie in," Pantheon Chief Executive Officer Jay Cheatham said. "I am very pleased that we should benefit from strong natural gas prices as we head into the winter heating season and look forward to announcing the stabilised flow rates".

Shares in Pantheon were 4.4% higher at 16.70 pence on Friday.

More News
6 Mar 2023 15:23

Pantheon returns Alkaid 2 well to production testing

(Sharecast News) - Alaska North Slope-focussed oil company Pantheon Resources said in an update on Monday that the Alkaid 2 well has returned to production after the cleanout of the sand blockage in the final 1,000 feet of the wellbore.

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6 Mar 2023 12:09

Pantheon Resources shares fall as Alkaid #2 well back in production

(Alliance News) - Pantheon Resources PLC on Monday reported that its Alkaid #2 well returned to production on February 21, after weeks of sand blockage in the wellbore.

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21 Feb 2023 16:31

IN BRIEF: Pantheon says flow testing operations resume at Alkaid #2

Pantheon Resources PLC - Alaska, US-focused oil and gas company - Says flow testing operations have recommenced at Alkaid #2. This follows a successful clean-out of the sand blockage in the wellbore. Says flow test information will only be reported after flow rates have been stabilised.

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21 Feb 2023 10:14

Pantheon restarts flow testing on Alkaid 2 well

(Sharecast News) - Alaska North Slope-focussed oil and gas company Pantheon Resources updated the market on the restart of flow testing operations on Tuesday.

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16 Feb 2023 11:20

Pantheon Resources shares up as completes clean out of Alkaid 2 well

(Alliance News) - Pantheon Resources PLC shares were up on Thursday, after it said it has completed the clean out of the sand blockage in the Alkaid 2 well, Alaska.

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16 Feb 2023 11:06

Pantheon completes cleanout of Alkaid 2 well

(Sharecast News) - Alaska North Slope-focussed oil and gas company Pantheon Resources announced the completion of a well cleanout at its 'Alkaid 2' well on Thursday.

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10 Feb 2023 11:08

Pantheon Resources touts Alkaid development on restarting operations

(Alliance News) - Pantheon Resources PLC on Friday hailed progress at its Alkaid project in Alaska, after resolving several technical issues at the rig.

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30 Dec 2022 11:06

AIM WINNERS & LOSERS: Pantheon Resources, Harland & Wolff shares fall

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

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30 Dec 2022 09:13

Pantheon Resources shares plummet as loss widens amid rising costs

(Alliance News) - Shares in Pantheon Resources PLC dropped on Friday morning after the company said its loss widened in its recent financial year, following a rise in expenses.

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30 Dec 2022 07:55

LONDON BRIEFING: FTSE 100 called lower on shortened trading day

(Alliance News) - Stocks in London were set to open lower on Friday, as a turbulent year for global markets draws to a close.

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14 Dec 2022 22:01

TRADING UPDATES: Pantheon Resources repays notes; Corcel raises funds

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

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8 Dec 2022 12:18

LONDON MARKET MIDDAY: FTSE 100 miners rise as China lifts Covid rules

(Alliance News) - Stock prices in Europe were looking for direction at midday on Thursday, while mining stocks in London made gains as China eased its Covid curbs.

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8 Dec 2022 11:07

AIM WINNERS & LOSERS: Redcentric boasts "transformational" half-year

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

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8 Dec 2022 11:02

Pantheon Resources model shows 17.80 billion barrels of oil in place

(Alliance News) - Pantheon Resources PLC on Thursday said the first phase of its subsurface geological projects - a reservoir model - has been completed.

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10 Nov 2022 14:39

TRADING UPDATES: Alfa Financial lifts annual revenue guidance

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

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