Pantheon Resources (GB:PANR) has released an update.
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Pantheon Resources plc has announced encouraging results from an updated Independent Expert Report by Lee Keeling & Associates, Inc., confirming significant recoverable reserves and resources in the Alkaid horizon of the Ahpun Field in Alaska. The report estimates base case Possible Reserves of 5 million barrels of oil and 27 billion cubic feet of natural gas, in addition to high case Contingent Resources totaling 123 million barrels of oil and 634 billion cubic feet of natural gas, showcasing the commercial viability of the Alkaid horizon with real rates of return exceeding 20%. This positive update supports Pantheon’s strategic goal to develop and produce from the Ahpun and Kodiak Fields and achieve substantial market recognition of their recoverable resources.
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