Pantheon Resources plc ( Pantheon or the Company ), the AIM-quoted oil and gas exploration Company with a 100% working interest in projects spanning c.160,000 acres covered by 3D seismic and advantageously located adjacent to transportation and pipeline infrastructure on the Alaska North Slope, provides the following update following the conclusion of operations at the Talitha #A well: Talitha #A well - conclusion of operations and overview Operations at the Talitha #A well have concluded with the well suspended for future testing operations. The well encountered five stacked, independent oil-bearing reservoir zones over a 3700 ft interval which m anagement believes has validated its earlier assertion of over 1 billion barrels recoverable oil potential from this multi-billion barrel oil in place play at Talitha. Testing of the deepest of these zones, the Kuparuk formation, which flowed high-quality light oil intermit
Pantheon Resources has provided an update following the conclusion of operations at the Talitha-A well, North Slope of Alaska. Operations at the Talitha-A well have concluded with the well suspended for future testing operations.
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6 April 2021 | 09:49am
StockMarketWire.com - Oil company Pantheon Resources said testing work on a natural gas well in Alaska had been delayed by bad weather.
Blizzard conditions on the Alaska North Slope which, along with logistical issues, prevented transit along the ice road and Dalton Highway, the company said.
Weather conditions have since improved meaning operations have resumed and testing has now commenced on the Kupurak horizon, with the Talitha #A well currently flaring natural gas as it cleans up. Whilst this is an encouraging sign, the company cautions that it is too early to make a definitive assessment as to the ultimate commerciality of the Kupurak horizon, Pantheon said.
Pantheon Resources : Interim Report (Unaudited) for the Sixth Months Ended 31/12/20 marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.