Pantheon Resources PLC upgrades resource at Talitha in Alaska proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
Tue, 05/25/2021 - 11:33am
A drill rig is seen working at the Alkaid-1 well being developed by London-based Pantheon in 2020. Further exploration at the Dalton Highway-adjacent prospect this winter revealed a massive find the company estimates at more than one billion barrels of recoverable oil. (Image/Courtesy/Pantheon Resources)
The leaders of a small British explorer insist they have struck an oil accumulation measured in the billions of barrels that is also conveniently located alongside the Dalton Highway.
Pantheon Resources intersected two reservoirs near the bottom of its Talitha-A exploration well that, combined, likely hold roughly 1.4 billion barrels of recoverable light oil and more than 12 billion barrels of oil in place, according to Technical Director Bob Rosenthal.
Pantheon Resources present details of resource upgrade on its basin floor fan complex
Pantheon Resources (LON:PANR) Jay Cheatham joins Proactive London to introduce his company to our audience.
The independent oil and gas exploration and production company is incorporated in the UK with a portfolio of high impact projects onshore USA, primarily focusing on the Alaskan North Slope, with an estimated combined P50 Technically Recoverable Resource exceeding 1.2 billion barrels of oil.
The form recently reported a resource upgrade on its Basin Floor Fan Complex, which spans both the Theta West project and Talitha Unit.
The original estimate for oil in place at Prudhoe Bay was 10 billion barrels of oil, with three billion barrels recoverable. Current estimates predict that Prudhoe Bay will actually recover more than 15 billion barrels, or more than the original OIP estimate.
Pantheon Resources present details of resource upgrade on its basin floor fan complex proactiveinvestors.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com Daily Mail and Mail on Sunday newspapers.