14% up today ..3 Apr 2024 19:02
----------I’m having a bet on 45p by end of May !
Pantheon Resources PLC - oil and gas company focused on developing the Ahpun and Kodiak fields, onshore US - Commissions independent expert reports from Cawley Gillespie & Associates and Lee Keeling & Associates. "The full reports, expected shortly, are integral to financing discussions," it adds. The reports are for the shallower Ahpun Topsets and the deeper Alkaid Zone. In addition, it says it is in talks with Alaska Gasline Development Corp for an offtake deal of up to 500 million cubic feet per day of natural gas. AGDC President Frank Richards says: "Alaska is facing an energy crisis, and AGDC is exploring every option to deliver a new, affordable, reliable, and long-term energy supply. This proposed agreement provides for more than enough gas to meet Alaska's in-state energy requirements, this gas features very low carbon dioxide content eliminating the need for additional treatment costs, and Pantheon's fields are conveniently situated directly along the Alaska LNG pipeline route."