Followed up a link from a post on the GGP forum about an item on Pantheon resources commenting on the Jumonville "discovery". Then noticed that they have released an item today which indicates a major delay in the testing.
"Drilling Update 01/09/2008 Pantheon Resources plc ("Pantheon") or ("the Company"), the AIM-quoted oil and gas exploration company active in the Gulf of Mexico, issues the following operations update.
Bullseye Update Due to the pending arrival of Hurricane Gustav in the Gulf of Mexico, completion operations at the Jumonville # 1 well have had a mandatory suspension placed on all operations. The rig mast has been lowered and all equipment secured in preparation for high winds and heavy rains. All personnel were moved offsite once storm preparations were completed.
Given the current forecast for the arrival of Hurricane Gustav and expected time to re-establish operations after weather conditions improve, it is estimated that there will be a delay in the completion work and testing of the Jumonville # 1 well for approximately 8 to 10 days. Pantheon will advise the market when those operations are under way."
So just another frustrating delay in being able to find out what the well is able to produce !!!!!!!
NEO Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
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