PANR rns25 Mar 2019 08:13
So they strike oil in Alaska.... come on Bandy get back on the horse!!
Highlights: Alkaid Well, Alaska North Slope, Pantheon 100% working interest
-- The first of the 3 targeted horizons, the Brookian ZOI, confirmed as an oil discovery, following a successful flow test where results exceeded expectations.
-- A 6 foot interval (from a c.240 foot interval of net pay) was perforated and flow tested at 80-100 BOPD light oil (40 degree API).
-- Such flow rates are considered to be an excellent result and indicate the potential for materially higher flow rates when wells are drilled in the typical manner for Brookian wells in Alaska - horizontally, stimulated, and with larger intervals perforated.
-- The Alkaid well was drilled as a vertical test well with the primary objective to obtain sufficient data to make an assessment as to the potential commerciality of the targeted horizons.