RE: Will Buck7 Dec 2025 11:53
Pantheon Resources ' issues with one of their recent wells kind of puts what MATD have achieved so far this year in perspective. Also in terms of the money spent. Layperson trolls who criticise MATD generally seem to have no idea of perspective in relation to the oil industry generally ;
" Pantheon Resources (PANR.L PTHRF) reported that clean-up of the Dubhe-1 well is ongoing, with production still dominated by stimulation fluids, intermittent oil since 3 November and consistent small oil volumes and steady gas output from around 19 November, after recovering about 40% of injected water. The company plans to continue clean-up operations until a representative oil flow rate can be determined, noting that Dubhe-1’s multi-stage frack may lead to a different clean-up profile compared with the Alkaid-2 SMD-B interval analogue. Final drilling and completion costs for Dubhe-1 totalled approximately $33 million, above the earlier c.$25 million estimate, reflecting the addition of a pilot hole, coring and broader appraisal scope, as well as contingencies and inflation, with a further $2.5 million spent on constructing the new Dubhe pad for future wells. "