Pantera said that the West Gomez Field is one of the prolific gas plays in the world, having produced in excess of five trillion cubic feet of natural gas over the past 40 years. The 83/84 Project consists of two re-entry wells, the Gulf-Baker 83 1 and the Sibley 84 1, along with a new well, the Sibley 84 2 on a 1,280 acre lease in Pecos County, Texas.
Chris Metcalf, CEO of Pantera Petroleum, said: Our acquisition of the 83/84 Project in the West Gomez is the first in a series of transactions within North America that will mark our transition to the production stage of our operations, and the quality of future projects currently under evaluation has never been greater.
