Following analysis of the Talitha #A well result Pantheon Resources announced an oil in place estimate for the Shelf Margin Deltaic B sequence of 2.6 billion and a P50 Contingent Resource estimate of 404 million barrels of recoverable oil. We believe the update is materially positive and expect it to further strengthen the positive momentum in the company's share price. The company indicated that farmout discussions have commenced and specified that it will likely seek to raise capital in Q4 202 ....
16 Jul 2021
Pantheon Resources (PANR) - Shelf Margin Deltaic Resource Upgrade
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Pantheon Resources (PANR) - Shelf Margin Deltaic Resource Upgrade
Pantheon Resources plc (PANR:LON) | 31.2 -0.4 (-3.7%) | Mkt Cap: 294.4m
- Published:
16 Jul 2021 -
Author:
Brendan Long -
Pages:
5
Following analysis of the Talitha #A well result Pantheon Resources announced an oil in place estimate for the Shelf Margin Deltaic B sequence of 2.6 billion and a P50 Contingent Resource estimate of 404 million barrels of recoverable oil. We believe the update is materially positive and expect it to further strengthen the positive momentum in the company's share price. The company indicated that farmout discussions have commenced and specified that it will likely seek to raise capital in Q4 202 ....