Polk County drilling update
The VOBM#2H sidetrack well in Polk County, onshore East Texas, has been drilled to a total measured depth of c.16,450 feet and will now be completed ahead of testing. Data from electronic logs indicates the presence of hydrocarbons in a potentially significant reservoir in the primary target, the Eagle Ford sandstone. A further update will be made once testing operations have been completed.
Appointment of non-executive director
Pantheon Resources has appointed Phillip Gobe as its senior independent non-executive director. Mr. Gobe, 64, is based in Texas, USA and has over 40 years’ experience in the oil and gas industry, onshore and offshore USA. He is currently a non-executive director of Pioneer Natural Resources, an S&P 500 company, based in Texas, and also lead director of Scientific Drilling International Inc, the fifth largest provider of directional drilling and measurement equipment and operational services in the USA.