Resource Upgrade - Basin Floor Fan
Pantheon Resources, the AIM-quoted oil and gas exploration Company with a 100% working interest in projects spanning c.160,000 acres, covered by 1,000 square miles of 3D seismic, conveniently located adjacent to transportation and pipeline infrastructure on the Alaska North Slope, is pleased to provide the following resource upgrade on its
Basin Floor Fan Complex, which spans both the Theta West project and Talitha Unit.
Highlights
· Company P50 estimate of 12.1 billion barrels ( BBL ) of oil in place ( OIP ) and of 1.41 billion barrels of Recoverable oil in the
Basin Floor Fan Complex, consisting of 11.0 billion barrels OIP and 1.20 billion barrels recoverable in the Lower Basin Floor Fan and 1.10 billion barrels OIP and 0.21 billion barrels recoverable in the Upper Basin Floor Fan
Providing coverage of Alaska and northern Canada s oil and gas industry
Dogged pursuit
Kay Cashman
Petroleum News
Recent releases of information from Pantheon Resources plc offered encouraging results on the Talitha A exploration/appraisal well drilled by affiliate Great Bear Pantheon on Alaskas central North Slope, despite the fact well testing was interrupted by operational challenges resulting in the well being suspended until next winter when testing can be completed.
Reaching a total depth of 10,456 feet, the well encountered five stacked oil-bearing reservoir zones over a 3,700-foot interval which management 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, Pantheon said in its April 19 operational update.
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.
US: Pantheon Resources acquires new acreage in Alaska s North Slope Areawide Lease Sale
14 Jan 2021
Pantheon Resources, the AIM-quoted oil and gas exploration company with working interests of 89.2% - 100% in certain projects located adjacent to transportation and pipeline infrastructure on the Alaska North Slope, has provided the following update:
Acquisition of New Acreage
Pantheon has announced the successful acquisition of a 100% interest in approx. 66,000 acres in the
State of Alaska s North Slope Areawide Lease Sale. The new leases are strategically positioned in two areas contiguous to our current acreage on our northwestern, western, and eastern boundaries. Pantheon s acreage now totals approx. 160,000 contiguous acres.