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Pin to quick picksPantheon Resources plc Regulatory News (PANR)

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Market Cap: £204.11m
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Tyler County Pipeline Update

2 Nov 2018 07:00

RNS Number : 1135G
Pantheon Resources PLC
02 November 2018
 

 

 

 

 

 

 

 

2 November 2018

 

Pantheon Resources plc

Tyler County Pipeline Update

 

Pantheon Resources plc ("Pantheon" or "the Company"), the AIM-quoted oil and gas exploration company with a 50% - 75% working interest in several conventional project areas in Tyler and Polk Counties, onshore East Texas provides the following update.

 

 

Tyler County Pipeline

 

Pantheon is pleased to announce that the pipeline connecting the VOS#1 well and the Enterprise gathering and processing system in Tyler County, East Texas is now hooked up and that flowing operations have commenced. The Company intends to bring the well online slowly to allow it to gradually clean up as a result of its prolonged shut-in period and will report flow rates in due course.

 

Jay Cheatham, CEO, commented "Despite the ongoing rain and localised flooding in the area, the crews worked overtime under poor conditions to complete the tie in. 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"

 

 

-Ends -

 

Further information:

 

Pantheon Resources plc

+44 20 7484 5361

Jay Cheatham, CEO

 

Justin Hondris, Director, Finance and Corporate Development

 

 

 

 

 

 

Arden Partners plc (Nominated Adviser and broker)

+44 20 7614 5900

Paul Shackleton

Daniel Gee-Summons

 

 

 

 

 

FTI Consulting

 

Ben Brewerton

 

 

+44 20 3727 1000

 

 

 

For further information on Pantheon Resources plc, see the website at: www.pantheonresources.com

The information contained within this RNS is considered to be inside information prior to its release.

Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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