Pantheon Resources, the oil and gas exploration company with a working interest (of 50%-58%) in several conventional projects in Tyler and Polk Counties, onshore East Texas, has announced the spudding of the VOBM#3 well.

Spudding of VOBM#3 well, Polk County, onshore East Texas
Pantheon is pleased to announce that the Nabors F12 rig has spudded the VOBM#3 well, in Polk County, East Texas. The VOBM#3 well is the third well to be drilled by the operator in the company's Polk County acreage, and will offset the VOBM#1 and VOBM#2H wells, both of which encountered significant hydrocarbons in the objective horizon. The well will be drilled vertically to target the Eagleford sandstone at a measured depth of approximately 14,250 feet.
Drilling operations are expected to take approximately 45-50 days on a trouble free basis, and results from the well will be announced when drilling, and if appropriate, testing operations are complete.