Source - SMW
Pantheon Resources said drilling has commenced at a new onshore oil well in eastern Texas. 

The VOBM#5 well in Polk County, of which Pantheon has a 75% working interest, would be drilled to a vertical depth of around 14,500 feet, targeting the Eagle Ford/Woodbine sandstone formation.

Drilling operations are expected to take around 45 days on a trouble free basis, the company said.


At 9:09am: (LON:PANR) Pantheon Resources PLC share price was -16.05p at 53.55p