Pantheon Resources share price continued its meteoric rise after it announced an untapped well of 302m barrels of oil, now more than tripled since March lows, as Alaska focused oil and gas exploration company confirmed the resource at Talitha

Pantheon Resources plc (“Pantheon” or the “Company”), the AIM-quoted oil and gas exploration company with working interests of 89.2% – 100% in certain projects advantageously located adjacent to transportation infrastructure on the Alaskan North Slope

Resource Confirmation at Talitha (Shelf Margin Deltaic Horizon)

Pantheon confirms receipt of an Independent Expert Report and Resource Statement from the International Petroleum Consultants Lee Keeling & Associates, Inc. (“LKA”) on the Shelf Margin Deltaic (“SMD”) horizon at its 89.2% owned Talitha Project. The SMD is the shallowest of 3 targeted horizons at Talitha: (i) the SMD, (ii) the Slope Fan System, and (iii) the Kuparuk, all of which are independent of one another and all of which were oil bearing in the nearby Pipeline State #1 discovery well drilled in 1988.

The directors are pleased to announce that LKA have confirmed a Prospective Resource of 302 Million Barrels of Recoverable Oil for the SMD horizon at Talitha.

Definitions referred to in this announcement for Prospective Resource and Prospective Resource have been prepared under the Society of Petroleum Engineers (“SPE”) standards.

https://www.share-talk.com/bob-rosenthal-td-jay-cheetham-ceo-pantheon-resources-panr-l/