Pantheon Resources Issues Dubhe 1 Operational And Cost Update

Pantheon updates operations and costs at Dubhe-1 well in Alaska

Pantheon Resources has announced an operational and cost update on the Dubhe-1 well, located in the Ahpun field on the North Slope of Alaska.

Pantheon Resources grapples with Dubhe-1 issues

Pantheon Resources shares sank on Tuesday after providing an update on its Dubhe-1 well in Alaska, reporting ongoing well clean-up operations amid spluttering production that remains largely dependent on stimulation fluids. Pantheon Resources shares were down 20% at the time of writing. Intermittent oil production commenced on 3 November, with consistent volumes beginning around 19 […] The post Pantheon Resources grapples with Dubhe-1 issues app…

Pantheon Resources Issues Dubhe 1 Operational And Cost Update

Pantheon Resources plc (LON:PANR, OTCQX: PTHRF), the oil and gas company developing the Kodiak and Ahpun oil fields immediately adjacent to pipeline and transportation infrastructure on Alaska’s North Slope, has provided an operational and cost update on the Dubhe-1 well. Operational Update Well clean-up operations at Dubhe-1 are progressing with production dominated by previously injected stimulation fluids. Intermittent oil production from Dub…