RE: Says it all...20 Sep 2023 20:15
Cheatham outlined the company's future plans, specifically regarding the Kodiak project. Pantheon Resource intends to drill the next Kodiak well in an area significantly up-dip from the previous Talitha-A and Theta West-1 wells. The decision is based on the anticipation that the lower depth of burial in this area will lead to improved reservoir characteristics compared to the previous wells. This strategic approach underscores the company's commitment to optimizing its exploration and production efforts.
To inform these plans, Pantheon Resource has developed a detailed geological model that incorporates data from wells in the immediate area, including the Tarn and Meltwater fields. This approach leverages the latest geological insights to enhance decision-making and maximize the potential of the Kodiak project.