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PS - Pantheon confirms oil potential of 2015 Alkaid discovery - April 2019

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London-listed Pantheon Resources announced a successful production test in the first of three targeted horizons at the Alkaid well, one of two Alaskan North Slope oil discoveries it picked up in its $49 million acquisition of Great Bear Petroleum completed in January. The company perforated a 6-ft interval of 240 ft of net pay in the Brookian zone and flow-tested 80-100 bbl/d of 40°API oil, exceeding expectations and indicating potential for materially higher rates in horizontal wells stimulated across large......
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