StockMarketWire.com - Pantheon Resources said its Alkaid project in Alaska could come online as early as summer 2020 after it had positive meetings with authorities.

The company said pre-application meetings with state and federal agencies for pilot production testing of the Alkaid discovery havd now taken place.

Positive and supportive feedback had been received, with no permitting issues identified.

'Current planning could allow for the project coming on line as early as Summer 2020, subject to completion and timing of a successful farmout,' Pantheon said.

The company said it was working closely with the technical experts at eSeis on the preparation of the data room, which was on target to open this month.

'The company also confirms that it has already commenced discussions with several industry and financial groups,' Pantheon said.



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