Business
Drilling Update on Wilson
Drilling Update on Wilson.
About this update from Pantheon Resources Plc
[{"type":"text","content":"\n Pantheon Resources PLC\n16 May 2007\n\n\nMay 16, 2007\n\nPANTHEON RESOURCES PLC\n\nDrilling Update on Wilson Prospect, Padre Island\n\n\n\n • The Kindee ST 212 #1 well on the Wilson Structure was spudded on 7\n February 2007 (Texas, USA).\n\n • Operations to run and cement a 7 inch liner at a depth of 9,982 feet have\n been completed successfully.\n\n • Drilling is continuing to test three primary objectives in the Upper Frio\n system. Similar zones have been found to be productive elsewhere on Padre\n Island.\n\n • The well has a planned total depth of 12,400 feet (measured depth).\n\n • Gross best estimate potential reserves (previously described as 'P50\n potential reserves') for Wilson have been assessed at 9 billion cubic feet.\n\n • Pantheon's working interest in Wilson is 31.77%, subject to final\n documentation.\n\nIn accordance with the AIM Rules, the information in this report has been\nreviewed and signed off by Mr Robert Rosenthal, (BSc Geology, MSc Geology),\nTechnical Director at Pantheon Resources Plc who has over 30 years relevant\nexperience within the sector.\n\nContacts:\n\nPantheon Resources Plc\n\nSue Graham, Chairman +44 20 7379 0118\n\nOriel Securities Limited\n\nScott Richardson Brown +44 20 7710 7600\n\n\n\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":1548,"tagName":"div"}]