Pantheon Resources ( (GB:PANR) ) has shared an announcement.
Pantheon Resources announced its planned flow testing program for the Megrez-1 well, targeting multiple pay zones on Alaska’s North Slope. The tests aim to confirm reservoir properties and fluid compositions, with potential flow rates ranging from 200 to 2,000 barrels per day. Successful tests could significantly enhance Pantheon’s resource base and production potential, aligning with the company’s broader development strategy and potentially transforming its commercial prospects.
More about Pantheon Resources
Pantheon Resources plc is an AIM-listed oil and gas company focused on developing its Ahpun and Kodiak fields on Alaska’s North Slope. The company holds a 100% working interest in approximately 259,000 acres, with independently certified contingent recoverable resources totaling around 1.6 billion barrels of ANS crude and 6.6 trillion cubic feet of natural gas. Pantheon aims to achieve sustainable market recognition of $5-$10 per barrel of recoverable resources by 2028, leveraging its strategic location near existing infrastructure to reduce development timeframes and costs.
YTD Price Performance: 96.34%
Average Trading Volume: 7,136,822
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £672.2M
See more data about PANR stock on TipRanks’ Stock Analysis page.