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In this podcast Pantheon Resources #PANR CEO Jay Cheatham and Technical Director Bob Rosenthal talk Vox through the results from their Alkaid #2 well on the Alaska North Slope.
Drilling encountered multiple, high-quality oil bearing reserviors in three targeted formations in the well, as predicted by the explorer's 3D seismic data, and suggest "clear potential for a meterial upgrade" of current resource estimates,.
The company is now preparing to begin horizontal drilling, the next step on the phase to production, and exploting a potentially transformational oil resource for the Alaskan state that sits in close proximity to its existing oil infrasutructure including the Trans Alaska Pipeline System.