Pantheon Res Share News (PANR)

Pantheon Resources shares jump on updated independent report

(Sharecast News) - Pantheon Resources shares jumped on Tuesday morning, after it announced the findings of its updated independent expert report (IER).

Pantheon Resources up after upgraded estimates for Alaskan project

(Alliance News) - Pantheon Resources PLC on Tuesday said the company is increasingly confident following the conclusions of a report conducted by analysts from Netherland Sewell & Associates Inc.

TRADING UPDATES: RBG sells Convex; Nexteq eyes share buyback

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Pantheon Resources reports planning and funding progress

(Sharecast News) - Pantheon Resources reported progress in its development planning and funding initiatives in an update on Thursday.

Pantheon Resources loss widens as revenue for first half plunges

(Alliance News) - Pantheon Resources PLC on Monday reported that its interim loss widened as its "modest" revenue plummeted.

IN BRIEF: Pantheon Resources in talks for potential Alaskan gas supply

Pantheon Resources PLC - Oil and gas company focused on developing the Ahpun and Kodiak fields, onshore US - Notes share price movement. Confirms discussions with shareholders for a potential supply of natural gas to consumers in south central Alaska. Says company's planning basis continues to rely upon reinjection of all hydrocarbons that cannot be exported through the Trans-Alaska pipeline system main oil line.

UK shareholder meetings calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Pantheon Resources annual loss narrows sharply as optimistic

Pantheon Resources PLC - Oil and gas company focused on developing the Ahpun and Kodiak fields, onshore US - Loss narrows to USD1.3 million in the financial year ended June 30 from USD16.0 million a year prior. Reports revenue of USD803,689 compared to none a year ago. Administrative expenses narrow 48% to USD3.9 million from USD7.4 million. Looking ahead, Chief Executive Officer Jay Cheatham says: "We remain laser focused on pursuing our goals for final investment decision on Ahpun by end 2025 and final investment decision on Kodiak by end 2028 and to achieve sustainable market recognition of USD5 to USD10 per barrel of 1P/1C recoverable resources."

Pantheon losses narrow in full-year results

(Sharecast News) - Pantheon Resources reported a loss from continuing operations of $1.5m after tax in its final results on Tuesday - a significant improvement from its $13.9m loss year-on-year.

IN BRIEF: Pantheon Resources rises on new leases in Alaska

Pantheon Resources PLC - Oil and gas company focused on developing the Ahpun and Kodiak fields, onshore US - Says it has been awarded 66,240 acres of new leases on the North Slope in Alaska. Says it paid USD31.83 per acre, including fees. Leases will officially be awarded by the State of Alaska in around four to six months. Says they will come with a 10-year initial term, an annual rental of USD10 per acre, and royalty rates of around 17% for 20 leases of 28,800 acres and 13% for 26 leases covering 37,440 acres. It already owns 193,000 acres on the North Slope.

Pantheon Resources shares jump after project expansion

(Sharecast News) - Shares in Pantheon Resources surged on Thursday after the Alaska-focused oil and gas group secured 66,240 acres of new leases across its Kodiak and Ahpun projects.

TRADING UPDATES: PayPoint expands partnership with Yodel and Vinted

(Alliance News) - The following is a round-up of trading updates by London-listed companies, issued on Tuesday and Monday, and not separately reported by Alliance News:

IN BRIEF: Pantheon raises funds to cover convertible bond payments

Pantheon Resources PLC - Oil and gas company focused on developing the Ahpun and Kodiak fields, onshore US - Places around USD4.2 million worth of shares at a price of USD0.26 each, equivalent to 20.8 pence, to long-term investors to increase cash resources. Explains this will allow it to pay December and March convertible bond payments in cash. David Hobbs, executive chair is contributing USD250,000 of this sum. Plans update on corporate strategy on November 2nd & 3rd, 2023. David Hobbs says: "This gives us the breathing space to mature potential vendor and offtaker financing options during the coming weeks and months in order to meet our strategic objective of achieving cashflow self-sufficiency and to seek to minimize possible dilution of value for existing investors. My own commitment to purchase nearly 1 million more shares demonstrates my confidence in the company and its ability to achieve its goals."

IN BRIEF: 88 Energy gears up for Phoenix reservoir resource estimate

88 Energy Ltd - Alaska-focused oil and gas company based in Subiaco, Western Australia - Appoints independent consultants Netherland, Sewell & Associates, Inc to conduct a contingent resource estimate on the Basin Floor Fan reservoir at Project Phoenix on Alaska's Central North Slope. News follows Pantheon Resources PLC declaring a significant contingent resource for the Lower BFF reservoir. 88 says BFF was the deepest hydrocarbon-bearing pay zone intersected during drilling and logging of the Hickory-1 exploration well. Says NSAI's assessment, based on results from Hickory-1 and nearby offset wells, may lead to Hickory-1 being confirmed as a discovery. NSAI has starting reviewing and integrating existing data from all reservours.