Pantheon Resources spuds the Vision Operating Co.-Blackstone Minerals #1 well and the commencement of its current two well drilling programme.
Drilling operations on the first well - Polk County, onshore East Texas
The VOBM#1 well is located on the joint venture's Polk County acreage and will target the Eagleford/Woodbine sandstone at a depth of approximately 15,000 feet. Pantheon has a 50% working interest in the well, which is estimated to take approximately 45-50 days to drill on a trouble free basis. Results from the well will be announced when drilling operations are complete.
The prospect targeted by the VOBM#1 well has been identified following analysis of 3D seismic and other technical data. The JV believes that the prospect appears geologically analogous to the prolific Double A Wells Field located nearby.