A new oil & gas discovery, announced earlier this week, has great potential to improve the economic case for the proposed natural gas pipeline from the North slope to Anchorage.

In their discovery announcement, 88 Energy said ”The Upper SFS test showed no measurable CO2 or H2S. No other impurities were detected on site.”

https://clients3.weblink.com.au/pdf/88E/02790820.pdf

This new discovery also extends onto the adjacent lease acreage owned by Pantheon Resources, which is currently in “Advanced discussion on a proposed agreement with Alaska Gasline Development Corp ("AGDC").” .

polaris.brighterir.com/public/pantheon_resources/news/rns/story/xq8nzkx

Importantly, this new discovery should not only add favourably to the economic case for the pipeline, it provides further confirmation there is an abundance of high quality gas which doesn’t need treatment to remove CO2, H2S or other impurities.

Previous proposals have involved a pipeline from Point Thomson to a treatment plant at Prudhoe Bay, before being piped to Fairbanks and on to Anchorage.

https://www.akleg.gov/basis/get_documents.asp?session=33&docid=29806

The discoveries by Pantheon and 88 Energy conveniently sit directly beneath the Dalton Highway and consequently the planned route for the proposed natural gas pipeline.

This new discovery, in conjunction with the clean gas already discovered on Pantheon’s acreage, should greatly reduce construction times and costs by;

• Eliminating the need for a natural gas pipeline from Point Thomson to Prudhoe Bay

• Eliminating the need for a treatment plant at Prudhoe Bay

• Reducing the length of natural gas pipeline from the North Slope to Anchorage by about 20 miles