Last checked at 2 Nov 2018 07:00
2 November 2018
Pantheon Resources plc
Tyler County Pipeline Update
Pantheon Resources plc ("Pantheon" or "the Company"), the AIM-quoted oil and gas exploration company with a 50% - 75% working interest in several conventional project areas in Tyler and Polk Counties, onshore East Texas provides the following update.
Tyler County Pipeline
Pantheon is pleased to announce that the pipeline connecting the VOS#1 well and the Enterprise gathering and processing system in Tyler County, East Texas is now hooked up and that flowing operations have commenced. The Company intends to bring the well online slowly to allow it to gradually clean up as a result of its prolonged shut-in period and will report flow rates in due course.
Jay Cheatham, CEO, commented "Despite the ongoing rain and localised flooding in the area, the crews worked overtime under poor conditions to complete the tie in. I am very pleased that we should benefit from strong natural gas prices as we head into the winter heating season and look forward to announcing the stabilised flow rates"
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Further information:
Pantheon Resources plc | +44 20 7484 5361 |
Jay Cheatham, CEO |
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Justin Hondris, Director, Finance and Corporate Development
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Arden Partners plc (Nominated Adviser and broker) | +44 20 7614 5900 |
Paul Shackleton Daniel Gee-Summons |
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FTI Consulting |
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Ben Brewerton |
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| +44 20 3727 1000 |
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For further information on Pantheon Resources plc, see the website at: www.pantheonresources.com
The information contained within this RNS is considered to be inside information prior to its release.
Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.