Pantheon Resources PLC Announces Megrez-1 Well Discovery
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Pantheon Resources PLC announced a significant discovery at its Megrez-1 well in the Ahpun field, Alaska, with multiple horizons containing light liquid hydrocarbons. The company plans long-term testing in early 2025.
December 10, 2024 | 7:30 am
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Pantheon Resources PLC has announced a significant discovery at its Megrez-1 well, which could positively impact its stock price due to the potential increase in oil production and reserves.
The discovery of light liquid hydrocarbons at the Megrez-1 well suggests a potential increase in Pantheon Resources' oil production and reserves. This is likely to positively impact the company's stock price as investors anticipate future revenue growth from the new discovery.
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