Pantheon Update On Alaskan Operations

Drilling Activity Details

Locations

AK
United States

Post Date
Shore Type
Well Name
#1 Alkaid
Geo Coordinate

Drilling Activity Summary

Description

IHS Markit reported that London-based Pantheon Resources has provided an update on its Alaskan operations. The company announced that pre-application meetings with state and federal agencies for the pilot production testing of the Alkaid discovery have now occurred. Current planning could allow for the project coming on line as early as summer 2020, subject to completion and timing of a successful farmout. The #1 Alkaid discovery is in Section 23-7n-13e, Umiat Meridian. It was flow tested in early 2019 and is estimated to contain 900 MMbbl oil in place and 90–135 MMbbl of oil with a P50 technically recoverable resource. The nearby Talitha Appraisal is estimated to contain an additional 900 MMbbl oil in place and 90–135 MMbbl of oil with a P50 technically recoverable resource, according to Pantheon.