Pantheon Resources' (LON:PANR) Jay Cheatham joins Proactive London to introduce his company to our audience.
The independent oil and gas exploration and production company is incorporated in the UK with a portfolio of high impact projects onshore USA, primarily focusing on the Alaskan North Slope, with an estimated combined P50 Technically Recoverable Resource exceeding 1.2 billion barrels of oil.
The form recently reported a resource upgrade on its Basin Floor Fan Complex, which spans both the Theta West project and Talitha Unit.
The original estimate for oil in place at Prudhoe Bay was 10 billion barrels of oil, with three billion barrels recoverable. Current estimates predict that Prudhoe Bay will actually recover more than 15 billion barrels, or more than the original OIP estimate.