820: Pantheon Resources discuss the latest drill results from its "transformational" Alkaid well

The Vox Markets Podcast

05-08-2022 • 11 mins

Pantheon Resources #PANR CEO Jay Cheatham and Technical Director Bob Rosenthal talk Vox through the results from their Alkaid #2 well on the Alaska North Slope.

Drilling encountered multiple, high-quality  oil bearing reserviors in three targeted formations in the well, as predicted by the explorer's 3D seismic data, and suggest "clear potential for a meterial upgrade" of current resource estimates,.

The company is now preparing to begin horizontal drilling, the next step on the phase to production, and exploting a potentially transformational oil resource for the Alaskan state that sits in close proximity to its existing oil infrasutructure including the Trans Alaska Pipeline System.