Pantheon Resources announced that Alkaid #2 has produced at an IP30 rate of 505 b/d of liquids consisting of 180 b/d of oil and 325 b/d of condensate and NGLs along with 2,300 mcf/d of gas (after shrinkage). Post clean-out, flow rates were initially marginally higher than pre-clean-out rates. The company believes that despite the sand blockage, the final 1,000ft of the well was connected and already contributing to the main wellbore through fluid communication between the fractures.

06 Mar 2023
Pantheon Resources (PANR) – Corporate – Alkaid#2 Update

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Pantheon Resources (PANR) – Corporate – Alkaid#2 Update
Pantheon Resources plc (PANR:LON) | 15.1 -0.1 (-3.7%) | Mkt Cap: 134.5m
- Published:
06 Mar 2023 -
Author:
Brendan Long -
Pages:
4 -
Pantheon Resources announced that Alkaid #2 has produced at an IP30 rate of 505 b/d of liquids consisting of 180 b/d of oil and 325 b/d of condensate and NGLs along with 2,300 mcf/d of gas (after shrinkage). Post clean-out, flow rates were initially marginally higher than pre-clean-out rates. The company believes that despite the sand blockage, the final 1,000ft of the well was connected and already contributing to the main wellbore through fluid communication between the fractures.