2025 Pantheon Resources plc Dubhe-1 Appraisal Well Exceeds Pre-Drill Estimates in Target ReservoirConfirms Additional Prospective Resources in Secondary Objectives Pantheon Resources plc (AIMANR, OTCQX: PTHRF) ("Pantheon" or the "Company"), the oil and gas company developing the Kodiak and Ahpun oil fields near pipeline and transportation infrastructure on Alaska's North Slope, today announces results from the Dubhe-1 appraisal well.The primary target of Dubhe-1 was the topset horizon (SMD-B), appraising the already discovered resource. Additionally, the well was designed to encounter three further exploration horizons (Prince Creek, SMD-C and the Slope Fan System), none of which have previously had any resource estimate attributed to them. Logs confirm additional prospective resource upside in these horizons.Key Points· The Dubhe-1 pilot hole was successfully drilled, logged and cored to a total measured depth ("MD") of 12,833 ft, equivalent to 8,699 ft true vertical depth ("TVD")· Analysis of the thickness and quality of the primary target topset confirms that the SMD-B has exceeded the upside pre-drill expectations. The gross thickness of the hydrocarbon column in this interval was measured at 565 ft true vertical thickness ("TVT"); exceeding pre-drill expectations by 26%· Dubhe-1 also encountered additional hydrocarbon bearing horizons in two of the exploration targets; the SMD-C and two Slope Fans· The Company intends to drill, and subsequently flow test the planned sidetrack lateral in the SMD-B horizon to refine the production well type curve Dubhe
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ANR, OTCQX: PTHRF) ("Pantheon" or the "Company"), the oil and gas company developing the Kodiak and Ahpun oil fields near pipeline and transportation infrastructure on Alaska's North Slope, today announces results from the Dubhe-1 appraisal well.The primary target of Dubhe-1 was the topset horizon (SMD-B), appraising the already discovered resource. Additionally, the well was designed to encounter three further exploration horizons (Prince Creek, SMD-C and the Slope Fan System), none of which have previously had any resource estimate attributed to them. Logs confirm additional prospective resource upside in these horizons.Key Points· The Dubhe-1 pilot hole was successfully drilled, logged and cored to a total measured depth ("MD") of 12,833 ft, equivalent to 8,699 ft true vertical depth ("TVD")· Analysis of the thickness and quality of the primary target topset confirms that the SMD-B has exceeded the upside pre-drill expectations. The gross thickness of the hydrocarbon column in this interval was measured at 565 ft true vertical thickness ("TVT"); exceeding pre-drill expectations by 26%· Dubhe-1 also encountered additional hydrocarbon bearing horizons in two of the exploration targets; the SMD-C and two Slope Fans· The Company intends to drill, and subsequently flow test the planned sidetrack lateral in the SMD-B horizon to refine the production well type curve Dubhe
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