Pantheon has announced a resource upgrade on its Alkaid discovery in Alaska. This was recently successfully flow tested at rates of 80-100bbl/d from a 6ft perforated interval (of a total of 240ft of net pay). Petrophysical analysis from the well test, combined with a full integration of 3D seismic data, has led the company to re-map both Alkaid and the next door Phecda prospect. Pantheon is now of the view that Phecda is part of the same structural accumulation as Alkaid, upgrading this. This an ....

06 Jun 2019
Arden Morning Comment

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Arden Morning Comment
Pantheon Resources plc (PANR:LON) | 28.0 0.5 7.6% | Mkt Cap: 373.1m
- Published:
06 Jun 2019 -
Author:
Daniel Slater -
Pages:
3 -
Pantheon has announced a resource upgrade on its Alkaid discovery in Alaska. This was recently successfully flow tested at rates of 80-100bbl/d from a 6ft perforated interval (of a total of 240ft of net pay). Petrophysical analysis from the well test, combined with a full integration of 3D seismic data, has led the company to re-map both Alkaid and the next door Phecda prospect. Pantheon is now of the view that Phecda is part of the same structural accumulation as Alkaid, upgrading this. This an ....