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Pantheon Resources prepares for flow testing at Alkaid-2 after drilling progresses smoothly

Published: 02:30 19 Aug 2022 EDT

Pantheon Resources PLC (AIM:PANR, OTC:PTHRF) CEO Jay Cheatham and Technical Director Bob Rosenthal joined Proactive's Stephen Gunnion with the latest on the company's Alkaid-2 well in Alaska, with target depth now reached including 5,300ft of horizontal drilling.

Alkaid-2 is Pantheon’s first horizontal well on the Alaska North Slope and one of the most keenly anticipated development holes in the region for years.

Cheatham telling Proactive that the company is using unconventional production techniques, applying this technology to the conventional sandstone reservoirs encountered across the entire project area.

"In the vertical well, which was the pilot hole ... we found much better reservoir than what we saw in the Alkaid 1," Rosenthal added.

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