22nd Jul 2025 11:24
(Alliance News) - Pantheon Resources PLC on Tuesday said the Dubhe-1 well in Alaska has spudded.
The oil and gas company focused on developing the Ahpun and Kodiak onshore oil fields in Alaska said the well will target the topset horizon as the primary target, with initial results to be announced when drilling operations are complete.
Chief Executive Officer Max Easley said: "Assuming initial appraisal success at Dubhe-1, it will then allow us move forward into a test phase with the ultimate goal of accurately demonstrating a production type curve which would in turn underpin the planned Ahpun full field development, whilst at the same time supporting the natural gas volumes required for the proposed long term gas supply contract into the proposed Alaska natural gas pipeline."
Pantheon shares rose 0.9% to 23.72 pence each on Tuesday morning in London.
By Tom Budszus, Alliance News slot editor
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
Pantheon Resources plc