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Pantheon Resources PLC - Alaska, US-focused oil and gas company - Says flow testing operations have recommenced at Alkaid #2. This follows a successful clean-out of the sand blockage in the wellbore. Says flow test information will only be reported after flow rates have been stabilised. Chief Executive Officer Jay Cheatham says: ‘With the sand blockage in the wellbore cleaned out and the production liner reinserted, we can now look forward to observing the potential of Alkaid #2 as the well as the well progresses through the clean-up phase. We’ll report the results once flow rates have stabilized and the data is representative of the potential of the well. As I’ve stated a number of times, we are very happy with the potential for Alkaid #2 and are optimistic of a positive result.’ Current stock price: 52.80 pence, up 6.7% 12-month change: down 62% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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