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UK-based explorer Pantheon Resources is moving forward with its Alaska drilling campaign despite recent setbacks at its Megrez-1 exploration well. 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
billion cubic feet (BCF) natural gas and 66.5 BCF natural gas and 53.2 To validate these assessments, we are preparing a three-well appraisal program, to commence drilling in the coming months, as we seek strategic funding that preserves shareholder value and maximizes net asset value. MMBBL condensate/NGL. for un-risked case.
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