By Kyle Morris
Pantheon Assets PLC stated Friday that cleansing operations on Alkaid #2 in Alaska are underneath manner after delays on account of climate and numerous electrical and hydraulic points.
“After a protracted wait to safe, after which iron out numerous niggles on the rig, it is nice that we’re lastly able to filter out the sand blockage and resume circulation testing over the approaching days. While we’re optimistic, as at all times we remind shareholders {that a} definitive evaluation of the properly can’t be made till circulation testing operations have been accomplished,” technical director Bob Rosenthal stated.
Write to Kyle Morris at kyle.morris@dowjones.com