Pantheon Resources plc (LSE:PANR) has announced that hydraulic fracture stimulation and well testing are scheduled for its Dubhe-1 well on Alaska’s North Slope, a key step in developing the Ahpun reservoir. The work, managed by Element Technical Services Inc, is expected to improve operational insights and provide critical data to guide future development, potentially strengthening Pantheon’s strategic position in the oil and gas sector.
While the company faces operational and financial challenges, including negative profitability and cash flow constraints, ongoing strategic initiatives and positive corporate developments offer potential upside.
About Pantheon Resources
Pantheon Resources plc is an AIM-listed oil and gas company focused on the development of its wholly owned Ahpun and Kodiak fields on Alaska’s North Slope. The company holds independently certified contingent recoverable resources estimated at approximately 1.6 billion barrels of ANS crude and 6.6 Tcf of associated natural gas. Pantheon aims to demonstrate the sustainable value of its resources by 2028, leveraging proximity to existing infrastructure for operational advantage.
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