Oil Mining News in Alaska

Pantheon Resources PLC
Pantheon Resources PLC
PANR
Alaska

Pantheon Resources hails ‘great achievements’ in Alaska

Pantheon Resources expects its 1.2 billion-barrel 2C liquids resource at the Kodiak oil field to increase by at least 25% following a successful seismic reprocessing programme. The company is currently in negotiations with ten potential farm-out partners to fund future development drilling.

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Pantheon Resources PLC
Pantheon Resources PLC
PANR
Oil
Alaska

Pantheon Resources eyes upgrade at Kodiak oil project

Pantheon Resources expects its Kodiak oil field resource in Alaska to increase by at least 25% following a successful seismic reprocessing programme. While ten parties are evaluating farm-out opportunities, the company may need to raise up to US$15 million to fund operations through 2027.

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