Pantheon Resources Unveils Promising Alaska Oil Discovery

Pantheon Resources (GB:PANR) has released an update.

Pantheon Resources has announced a significant discovery at its Megrez-1 well in Alaska’s North Slope, uncovering multiple zones of light liquid hydrocarbons over a 1,260-foot vertical interval. The company plans to commence long-term testing in early 2025 as it continues to analyze the gathered data to assess the commercial viability of the find. This discovery could bolster Pantheon’s development strategy and highlight its competitive advantage thanks to its proximity to existing infrastructure.

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