Pantheon Drilling Ahead at Bullseye Prospect
Pantheon Resources plc has issued the following operational update on its Bullseye prospect.
Drilling activity on the Jumonville-1 well has resumed to test the Bullseye prospect. The Key #88 rig has been moved in over the last several days. Prior to suspending operations a 5 1/2" drilling liner was set to 12,050ft TVD. Since re-entering the well bore, cement plugs have been drilled out and a shoe test completed. Currently the well is drilling ahead.
The projected total depth of the well is estimated at 12,550ft TVD which will test a secondary objective in the Camerina (~12,100ft TVD) and the primary objective in the Miogyp (~12,350ft TVD). The 500ft of final borehole is expected to be completed in three days, at which point open hole logs will be run.
Tyler County Chalk Update
Vision Resources, the operator of the Tyler County chalk venture has contracted for theCactus Rig #108 to drill the Vision Rice #1 well. Due to the current tight rig market onshore in the US, the Cactus rig will not be available until late August or early September. This is not unusual in the current drilling environment.
The estimated dates for rig availability are indicative and dependent on the release of the rig from its current drilling activity. This release may be delayed due to factors outside the control of the Company. Pantheon will announce when the Vision well has spudded.
In accordance with the AIM Rules, the information in this report has been reviewed and signed off by Jay Cheatham, who has over 30 years relevant experience within the sector.
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- UK Oil Regulator Publishes New Emissions Reduction Plan
- PetroChina Posts Higher Annual Profit on Higher Production
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- McDermott Settles Reficar Dispute
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Equinor Makes Discovery in North Sea
- Standard Chartered Reiterates $94 Brent Call
- India Halts Russia Oil Supplies From Sanctioned Tanker Giant
- DOI Announces Proposal for Second GOM Offshore Wind Auction
- Centcom, Dryad Outline Recent Moves Around Red Sea Region
- PetroChina Set to Receive Venezuelan Oil
- Czech Conglomerate to Buy Major Stake in Gasnet for $917MM
- US DOE Offers $44MM in Funding to Boost Clean Power Distribution
- Oil Settles Lower as Stronger Dollar Offsets Tighter Market
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension
- Equinor Makes Discovery in North Sea