Pantheon Resources PLC CEO Jay Cheatham and Technical Director Bob Rosenthal joined Steve Darling from Proactive to share news the company has put out an update on the work at the Alkaid #2 well which has returned to production following the clean out of the sand blockage in the final 1,000ft of the wellbore.
Cheatham telling Proactive the IP30 production rate is calculated at c.505 barrels per day of liquid hydrocarbons consisting of c.180 BOPD oil, c.325 BPD of condensate and natural gas liquids along with c.2,300 mcfpd natural gas, after shrinkage.
Rosenthal also added what he is seeing in the latest update and what the company is looking at moving forward.
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