Pantheon Resources (GB:PANR) has released an update.
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Pantheon Resources is set to drill the high-potential Megrez-1 well in Q4 2024, with a 69% chance of success, targeting 609 million barrels of oil and 3.3 trillion cubic feet of gas. Construction approvals for the gravel pad at Megrez have been granted, enabling year-round operations and accelerating the drilling schedule. The outcome of this well could significantly impact the company’s development plans and enhance the economics of its Alaska North Slope projects.
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