Pantheon Resources
PANR · AIM · Energy · mcap £159m · 10.4p
Pantheon Resources owns oil and gas leases on Alaska's North Slope, mainly the Ahpun and Kodiak projects. It has no production yet and funds itself through share issues and convertible bonds.
| Target | Promise | Said | Status |
|---|---|---|---|
| 2025 | |||
| 31 Mar 2025 | Begin Megrez-1 multi-zone flow tests by end of March 2025 | 10 Dec 2024 | ✓ Kept |
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Also stated 3 Mar 2025
Result
Flow testing began in April; first interval gave water only, and testing ended in May with no oil recovered. “The well was brought on production on 3 April 2025. The well initially produced strongly against a 30/64 inch choke and the well was gradually increased to a final rate of over 1,000 barrels per day. During the 12 day testing programme, the well sustained high fluid rates with no indications of decline. However, no appreciable oil or gas was recorded at surface.”14 Apr 2025 · Preliminary Results from Flow Testing at Megrez 1 |
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| summer 2025 | Start Dubhe-1 well activities in summer 2025 | 19 May 2025 | ✓ Kept |
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Result
Rig mobilised in July and Dubhe-1 spudded on 22 July 2025. 22 Jul 2025 · Spudding of Dubhe-1 well |
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