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flag Pantheon Resources exceeds $25M budget for Alaska's Dubhe-1 well by $8M due to expanded drilling and inflation, but operations remain safe and efficient.

flag Pantheon Resources reported an $8 million cost overrun for its Dubhe-1 well in Alaska, bringing total drilling and completion costs to $33 million, up from an initial $25 million estimate. flag The increase stemmed from expanded reservoir targeting, contingency measures, and inflation. flag Clean-up operations continue, with intermittent oil production starting November 3 and consistent small volumes beginning November 19. flag About 40% of injected water has been recovered, along with steady gas production and modest light oil output. flag The company says the cost rise doesn’t affect operational performance, citing safe and efficient execution. flag Final costs will be determined after the program ends.

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