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UK-based explorer Pantheon Resources is moving forward with its Alaska drilling campaign despite recent setbacks at its Megrez-1 explorationwell. In May, the company reported that Megrez-1 produced over 2,000 barrels per day of liquids—but no meaningful oil or gas. The well was suspended, and shares dropped to 20.65
TotalEnergies reveals in its recent annual report that two explorationwells drilled in 2024 on Oman exploration Block 12 (Total 80%op, PTTEP 20%) were dry.
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