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Pin to quick picksPantheon Res Share News (PANR)

Share Price Information for Pantheon Res (PANR)

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AIM WINNERS & LOSERS: Pantheon falls after Alaska drilling results

Mon, 19th Apr 2021 11:32

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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AIM - WINNERS

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Advance Energy PLC, nine times higher at 2.4 pence, 12-month range 0.1p-2.57p. Completes acquisition of an interest in the Buffalo PSC, offshore Timor-Leste. Advance Energy raises GBP21.8 million via 840.1 million share placing at 2.6p per share.

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Genedrive PLC, up 74.5p, 12-month range 38.33p-302.60p. The molecular diagnostics firm says it has been successful with its tender into Public Health England under Lot 1 of the National Microbiology Framework. Genedrive says award of a framework contract is not exclusive to the company, nor a guarantee of orders, but it does allow participating authorities to issue call-off orders for products in the future.

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D4T4 Solutions PLC, up 9.6% at 350p, 12-month range 160.75p-350p. Following strong second half to the financial year, revenue and adjusted pretax profit expected to be GBP22.8 million and GBP4.2 million respectively, both ahead of the board's prior expectations. "This is a very pleasing result and bears out the confidence we placed in the strength of the pipeline of business opportunities carried into the second half of the year," the data management platform says.

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AIM - LOSERS

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Pantheon Resources PLC, down 46% at 21.5p, 12-month range 12.35p-48.58p. The oil and gas exploration company says operations at Talitha A well on the Alaska North Slope concluded and suspended for future testing operations. Pantheon Resources says Kuparuk section of well proved more geologically complex than expected. Says it now intends to recommence its farmout strategy to attract a suitable partner to best exploit the Kuparuk across Pantheon's acreage. "Today's news is a tale of two stories. We are of course disappointed not to deliver the high tested flow rates we were hoping for from the Kuparuk. We will continue our analysis of this complex zone as we believe it still offers great potential for our company," says Chief Executive Officer Jay Cheatham.

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Purplebricks Group PLC, down 4.0% at 105.60p, 12-month range 31.11p-112.77p. UBS double downgrades online estate agent to Sell from Buy.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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CORRECT: Pantheon Resources gets encouraging report for Theta West 1

(Pantheon Resources PLC corrects that it is the Alkaid #2 well where horizontal drilling operations have been completed.)

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23 Aug 2022 13:49

IN BRIEF: Pantheon Resources gets encouraging report for Theta West 1

Pantheon Resources PLC - London-based oil and gas company focused on Alaska - Receives a volatiles analysis service report for Theta West 1 from independent experts at Baker Hughes AHS. Says the report found that Theta West 1 has an ultimate non-permeable oil seal that occurs at 7,070 feet. Says oil is analysed in every cuttings sample, both sealed-at-well and lab-loaded.

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23 Aug 2022 09:52

Pantheon Resources upbeat on well report from Baker Hughes

(Sharecast News) - Alaska North Slope-focussed Pantheon Resources announced the details of an independent report into its Theta West 1 well on Tuesday, compiled by Baker Hughes AHS.

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18 Aug 2022 11:30

Pantheon Resources completes drilling at Alkaid 2

(Sharecast News) - Alaska North Slope-focussed oil and gas company Pantheon Resources announced the conclusion of drilling operations, and the start of preparations for stimulation and flow testing, at the Alkaid 2 well on Thursday.

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18 Aug 2022 11:15

Pantheon Resources shares rise as Alkaid drilling completed "smoothly"

(Alliance News) - Pantheon Resources PLC on Thursday said it is preparing for stimulation and flow testing at one of its wells and is applying to trade on a platform in the US.

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29 Jul 2022 22:04

TRADING UPDATES: Georgia Capital needs new CEO; Macaulay Capital IPOs

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29 Jul 2022 10:09

Pantheon Resources jumps on latest analysis from Alkaid 2

(Sharecast News) - Alaska North Slope-focussed oil and gas company Pantheon Resources updated the market on the Alkaid #2 well on Friday, reporting that the pilot hole had reached a total vertical depth of 8,584 feet, with a measured depth of 8,950 feet.

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7 Jul 2022 19:31

IN BRIEF: Pantheon Resources spuds horizontal well Alkaid-2

Pantheon Resources PLC - London-based oil and gas company focused on Alaska - Commences operations on the Alkaid oil accumulation with the spudding of horizontal well Alkaid-2, using the Nabors 105AC drill rig. The well has three main objectives: production testing a proven oil formation first found in Alkaid 1, exploring the deeper potential for oil in that zone and appraising an extension of oil discovered in the Shelf Margin Deltaic at Alkaid-1 and Talitha-1.

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14 Jun 2022 19:15

IN BRIEF: Pantheon Resources issue shares to repay 2026 bonds

Pantheon Resources PLC - London-based oil and gas company focused on Alaska - Elects to pay the quarterly principal repayment of USD2.5 million and interest payment of USD465,500 for its senior unsecured convertible bonds due 2026, leading to the issue of 2.8 million shares.

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16 May 2022 19:34

IN BRIEF: Pantheon Resources executes contract for Alkaid well spud

Pantheon Resources PLC - London-based oil and gas company focused on Alaska - Executes contracts for a drill rig to drill the Alkaid-2 well, scheduled to spud in July.

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16 May 2022 13:29

Pantheon Resources progresses drilling of Alkaid 2

(Sharecast News) - Alaskan North Slope-focussed oil and gas company Pantheon Resources said on Monday that it has formally executed contracts for the Nabors 105AC drill rig to drill the Alkaid 2 well, scheduled to spud in July.

Read more
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Canaccord Genuity raises target price on Pantheon Resources

(Sharecast News) - Analysts at Canaccord Genuity raised their target price on exploration and production outfit Pantheon Resources from 250.0p to 280.0p on Monday following success at the firm's Theta West asset.

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