22nd Oct 2015 08:24
LONDON (Alliance News) - Pantheon Resources PLC Thursday said the flow test results from the VOBM-1 well in Polk County in East Texas are expected next week whilst the drill results for the VOS-1 well in Tyler County will be released in due course.
Pantheon has a 50% stake in both Polk and Tyler with its partner Vision Gas Resources LLC holding the other 50%. The flow test and drilling operations are still underway and the drill results from VOS-1 will be released "if appropriate", it said.
Pantheon had previously said the flow test would be completed by Thursday, so Thursday's announcement suggests there has been a delay.
Pantheon shares were down 0.6% to 39.0 pence per share on Thursday morning.
By Joshua Warner; [email protected]; @JoshAlliance
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