Commencement of testing operations

RNS Number : 5963B

Pantheon Resources PLC

08 October 2015

 



08 October 2015

 

Pantheon Resources plc

Commencement of testing operations at the VOBM#1 well

The Board of Pantheon Resources plc ("Pantheon"), the AIM-quoted oil and gas exploration company with a 50% working interest in several projects in Tyler and Polk Counties, onshore East Texas, is pleased to provide the following operational update:

Commencement of flow testing operations at VOBM#1 well, Polk County, onshore East Texas

Pantheon confirms that the JV has commenced flow testing operations at the VOBM#1 well. These operations commenced slightly later than originally anticipated owing to logistical issues including weather and the availability of an appropriate high-pressure wellhead. These operations are expected to take 10 to 14 days on a trouble free basis and Pantheon will report results at the conclusion of testing.

Drilling update on VOS#1 well, Tyler County, onshore East Texas

Drilling operations at the VOS#1 well are ongoing. Results for this well will be announced following the conclusion of testing operations.

Further information:

Pantheon Resources plc	[phone]
Jay Cheatham, CEO
Justin Hondris, Director, Finance and Corporate Development
Stifel Nicolaus Europe Limited (Nominated Adviser and broker)	[phone]
Michael Shaw
Ashton Clanfield
FTI Consulting	[phone]
Ed Westropp
Shannon Brushe
James Styles

For further information on Pantheon Resources plc, see the website at: www.pantheonresources.com

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.

 

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