Pantheon Resources PLC Operational Update (6238J)
13 September 2016 - 4:00PM
UK Regulatory
TIDMPANR
RNS Number : 6238J
Pantheon Resources PLC
13 September 2016
13 September 2016
Pantheon Resources plc
Spudding of Vision Operating Blackstone Minerals #3 well
("VOBM#3")
Pantheon Resources plc ("Pantheon" or "the Company"), the
AIM-quoted oil and gas exploration company with a working interest
(of 50%-58%) in several conventional projects in Tyler and Polk
Counties, onshore East Texas, is pleased to announce the spudding
of the VOBM#3 well:
Spudding of VOBM#3 well, Polk County, onshore East Texas
Pantheon is pleased to announce that the Nabors F12 rig has
spudded the VOBM#3 well, in Polk County, East Texas. The VOBM#3
well is the third well to be drilled by the operator in the
company's Polk County acreage, and will offset the VOBM#1 and
VOBM#2H wells, both of which encountered significant hydrocarbons
in the objective horizon. The well will be drilled vertically to
target the Eagleford sandstone at a measured depth of approximately
14,250 feet.
Drilling operations are expected to take approximately 45-50
days on a trouble free basis, and results from the well will be
announced when drilling, and if appropriate, testing operations are
complete.
-Ends-
Further information:
+44 20 7484
Pantheon Resources plc 5359
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
Shannon Brushe
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.
In accordance with the AIM Rules - Note for Mining and Oil &
Gas Companies - June 2009, the information contained in this
announcement has been reviewed and signed off by Jay Cheatham, a
qualified Chemical & Petroleum Engineer, who has over 40 years'
relevant experience within the sector.
Neither the contents of the Company's website nor the contents
of any website accessible from hyperlinks on the Company's website
(or any other website) is incorporated into, or forms part of, this
announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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