The shutting in of the well to switch to permanent production facilities is standard, although the reduced productivity due to sand obstacles will need to be addressed. We believe that patience will simply be required over the coming weeks as the company uses the coiled tubing rig to clear out the well. Critically, these are operational/engineering issues – not geological issues – meaning that future wells can be adapted to reflect learnings. We believe the high oil recovery rate in relation to ....

25 Oct 2022
Pantheon Resources (PANR) - Alkaid #2 Operational Update

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Pantheon Resources (PANR) - Alkaid #2 Operational Update
Pantheon Resources plc (PANR:LON) | 28.0 0.5 7.6% | Mkt Cap: 373.1m
- Published:
25 Oct 2022 -
Author:
Brendan Long -
Pages:
4 -
The shutting in of the well to switch to permanent production facilities is standard, although the reduced productivity due to sand obstacles will need to be addressed. We believe that patience will simply be required over the coming weeks as the company uses the coiled tubing rig to clear out the well. Critically, these are operational/engineering issues – not geological issues – meaning that future wells can be adapted to reflect learnings. We believe the high oil recovery rate in relation to ....