Pantheon Resources - US Gas Play

3frog, best answer I can give you is courtesy of Iceman II on the competitor site (hope he doesn't mind) .....


spoken to company via a 3rd party

the side track is 4 fold - 1 to test shallow zone ie first 200ft of the 100ft pay zone

the deep 800ft zone has 3 distinct areas to be evaluated - the deepest is being side tracked and results of all 3 will indicate commerciality of the gas. work has been expediteded and results will be provided to market end dec / early jan.

Further mre detailed assesment will be provided towards end of jan/feb that will confirm flow rates and scheme to maximise production.

the phone call was upbeat and the Board may well be buying a few at these levels (DYOR) ALLINMYHO