We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Pantheon Resources Plc | LSE:PANR | London | Ordinary Share | GB00B125SX82 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.30 | -0.91% | 32.50 | 32.50 | 32.80 | 32.50 | 31.15 | 32.20 | 2,892,794 | 14:41:48 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Natural Gas Liquids | 804k | -1.45M | -0.0016 | -196.88 | 285.77M |
TIDMPANR
RNS Number : 4956Z
Pantheon Resources PLC
15 December 2017
15 December, 2017
Pantheon Resources plc
AGM Statement
Pantheon Resources plc ("Pantheon" or the "Company"), the AIM-quoted oil and gas exploration and production company with a working interest in several conventional project areas in Tyler & Polk Counties, onshore East Texas, will hold its Annual General Meeting ("AGM") this morning at 10.00am at the offices of FTI Consulting at 200 Aldersgate Street, London, EC1A 4HD.
At the AGM Jay Cheatham, CEO, will give a presentation and operational update on the Company, which will include the following information:
VOBM#4 Well, Tyler County, 75% Working Interest
Following the Operational Update on the 11 December 2017, the Company confirms that three separate hydrocarbon bearing Wilcox zones were encountered during drilling, analogous to the Tyler County Jazz Field wells. Each of these zones will be isolated and tested individually and thus the test will be undertaken for a longer duration than with previous wells. Additionally, there may be a requirement to conduct a fracture stimulation of one of the three zones, consistent with analog wells in the Jazz Field. The Company will provide an update at the conclusion of testing.
Polk County Gas Processing
Commissioning of the Kinder Morgan gas processing facility is progressing as planned and production will be ramped-up from the VOBM#1 and VOBM#3 wells gradually. Production from the VOBM#2H well is due to come on stream shortly after clean-up of the VOBM#1 and VOBM#3 wells. Production is currently in line with that stated in prior announcements.
2018 Drilling Plans
The Company is still formulating its drilling programme for 2018, but confirms it intends to drill up to six wells across its Polk and Tyler County acreage. The drilling programme will focus on proving up and testing the Company's discoveries in the Eagle Ford Sandstone formation, encountered in Polk County and testing the Wilcox formation discoveries, and drilling for the Eagle Ford Sandstone, in Tyler County.
The first well of the 2018 campaign will be a vertical well targeting the Eagle Ford sandstone, the VOBM#5 well, in the West Double A Wells Field Prospect in Polk County. This well will be a development well offsetting the VOBM#1 well.
A Unit Petroleum rig is expected to spud the VOBM#5 well in early January 2018; the Company anticipates funding its drilling programme from existing cash resources and cashflow from production.
A copy of the AGM presentation will be posted to the company's website at www.pantheonresources.com
Further information:
+44 20 7484 Pantheon Resources plc 5361 Jay Cheatham, CEO Justin Hondris, Director, Finance and Corporate Development Stifel Nicolaus Europe Limited (Nominated +44 20 7710 Adviser and broker) 7600 Callum Stewart Ashton Clanfield Nicholas Rhodes +44 20 3727 FTI Consulting 1000 Ed Westropp James Styles
For further information on Pantheon Resources plc, see the website at: www.pantheonresources.com
The information contained within this RNS is considered to be inside information prior to its release.
Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website
This information is provided by RNS
The company news service from the London Stock Exchange
END
AGMUVSKRBOAUARA
(END) Dow Jones Newswires
December 15, 2017 05:00 ET (10:00 GMT)
1 Year Pantheon Resources Chart |
1 Month Pantheon Resources Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions