Pantheon Resources plc (“Pantheon” or “the Company”), the AIM-quoted oil and gas company with a 100% working interest in all of its oil projects spanning c. 153,000 acres adjacent and near to transportation and pipeline infrastructure on the Alaska North Slope, confirms that a shareholder presentation/webinar will be held at 5.00pm GMT today.
A copy of the investor presentation will be uploaded to the Company’s website shortly before commencement of the webinar. The webinar will provide a high level overview of Pantheon’s projects and the significant advancements made to date, as well as a presentation on the 2022 drilling and testing programme. Discussions will include an overview of planned testing of the Talitha #A, drilling and testing of Theta West #1 and drilling of the Alkaid #2 horizontal well and long term production test.
The presentation includes certain information not previously disclosed as follows:
Talitha #A testing – The Talitha #A discovery well was drilled and logged in 2021 confirming the presence oil across five independent horizons. The well was positioned in a location prioritized for the Shelf Margin Deltaic (“SMD”) zone as the primary target. The well is a vertical test well and as such the Company is targeting an initial production rate of 50-80 barrels of oil per day (“bopd”) from the SMD. Such a flow rate in a vertical configuration is expected to translate into materially higher flow rates in a horizontal configuration, which is how all production wells will be drilled.
Theta West #1 – anticipated flow rates will not be provided for Theta West #1, however these will be provided as testing operations occur.
Alkaid #2 – Alkaid #2 is anticipated to be drilled in Summer 2022 and will be drilled as a horizontal well to maximise production rates which, in a success case, are modelled to be in the range of 100-150 bopd per 1,000 feet of horizontal wellbore. Ultimately, it is believed that such horizontal sections will extend to 8,000 feet or more in length, however in the first well the Company may take a more conservative approach and complete the well with a shorter horizontal section.
AGM presentation and webinar
As previously announced, Pantheon will be hosting a webinar which is open to all shareholders and any other interested party, at 5:00 pm GMT. Registration and access details to the webinar are provided below:
Jay Cheatham CEO said: “Following this morning’s news that Theta West #1 has been spudded and testing operations have commenced at Talitha #A, the timing couldn’t be better to be holding this webinar. The team and I look forward to our presentation later today.”
Pantheon Resources plc
+44 20 7484 5361
Jay Cheatham, CEO
If anyone reads this article found it useful, helpful? Then please subscribe www.share-talk.com or follow SHARE TALK on our Twitter page for future updates.
Terms of Website Use
All information is provided on an as-is basis. Where we allow Bloggers to publish articles on our platform please note these are not our opinions or views and we have no affiliation with the companies mentioned