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Share Price Information for Pantheon Resources plc (PANR)

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Share Price: 29.20
Bid: 29.00
Ask: 29.25
Change: 1.40 (5.04%)
Spread: 0.25 (0.862%)
Open: 29.75
High: 30.95
Low: 27.80
Prev. Close: 27.80
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Pantheon Resources tumbles on Texan wells update

Tue, 29th Nov 2016 09:40

(ShareCast News) - Shares in Pantheon Resources fell back to around 12-month lows as the AIM-listed explorer's prudently worded update dashed some investors' hopes of a bigger potential resource.Chief executive Jay Cheatham, is meeting with investors to discuss updates on two wells, among Pantheon's several conventional projects located in Tyler Polk Counties, onshore East Texas.Flow testing operations on VOBM#3 well are ongoing, the company said, with data received so far "not yet conclusive but indicative of a well continuing to clean up"."Given the variability in flow data, it is impossible at this early stage to make an accurate prediction of the well's ultimate potential, however based on the data received to date management believe that the well will be a commercial producer."Results to date support the management's plans for contracting the preferred gas processing option, which aim to obtain first production revenues in spring 2017.As for the VOB#4 well, drilling continues at approximately 12,000 feet vertical depth, on schedule and on budget.Chief executive Jay Cheatham said: "Analog wells in the Double A Wells field, with similar flowing tubing pressures during testing have been good wells. It is well documented that individual well performance of Double A Wells field wells showed variance, dependent upon their respective location within the reservoir, with better quality sands typically located closer to the centre of the basin."This is consistent with the experience of our drilling and analysis to date. Based on the early results to date, our assessment of the potential of our acreage is undiminished."Analyst Zac Phillips noted the company's update represented "a significant change from the previous tone and tenor of the announcements that it has made", especially at the time of the US$30m fundraising in March.The share price fell 19.63% to 73.14p at 1034 GMT on Tuesday, not comparing well to the 115p placing price from earlier in the year.
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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.

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6 May 2022 19:11

TRADING UPDATES: Enwell pleased with SV-31; SDX Energy ties in well

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

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25 Apr 2022 17:33

TRADING UPDATES: CentralNic, Mind Gym anticipate growth in revenue

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

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25 Apr 2022 10:55

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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8 Apr 2022 14:33

IN BRIEF: 88 Energy rises after positive mapping result at Icewine

88 Energy Ltd - Australia-based oil explorer in US state of Alaska - Says the completed third party preliminary mapping of the Shelf Margin Delta play, where its "neighbour" Pantheon Resource has had success in recent months, indicates that all play fairways extend into its Icewine project. Says that Pantheon confirmed reservoir deliverability of light, sweet oil, which is positive for the prospectivity of the adjacent Icewine acreage. Says the completion of the independent resource update for project Icewine is scheduled for the second quarter.

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31 Mar 2022 13:27

Pantheon Resources reports wider losses as testing continues

(Sharecast News) - Alaskan North Slope-focussed oil and gas explorer and producer Pantheon Resources reported a loss of $4.4m for its first half on Thursday, widening from $3m year-on-year.

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31 Mar 2022 13:04

TRADING UPDATES: Impellam and Maintel in profit; Curtis Banks prospers

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

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24 Mar 2022 12:37

Pantheon upbeat on latest work at Theta West

(Sharecast News) - Alaska North Slope-focussed oil and gas company Pantheon Resources updated the market on work at Theta West on Thursday, reporting that testing of the Lower Basin Floor Fan (LBFF) had started. with the well flowing "high quality oil" to the surface.

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24 Mar 2022 12:07

IN BRIEF: Pantheon Resources rises on good test results at Theta West

Pantheon Resources PLC - London-based oil and has company focused on Alaska - Says that testing of the lower basin floor fan at its Theta West 1 well has started. Says that the well is flowing high-quality oil to the surface that likely exceeds its pre-drill resource estimates of 1.2 billion barrels of oil. Notes that the well delivered oil at rates that averaged over 57 barrels of oil per day with peak rates exceeding 100 barrels of oil per day over 2 and a half days. Over the final day before the shut-in, the well was averaging approximately 59 barrels of oil per day.

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4 Mar 2022 21:44

TRADING UPDATES: Resolute Mining ups mine life and mineral resources

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

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23 Feb 2022 21:37

IN BRIEF: Pantheon Resources reports positive results at Talitha A

Pantheon Resources PLC - London-based oil and has company focused on Alaska - Completed flow testing operations on at Talitha A on Monday. The company perforated two separate five foot intervals at 8,160 to 8,165 feet and 7,855 to 7,860 feet. The two intervals were stimulated and flow tested together, producing 35 to 38 degree American Petroleum Institute oil and averaging 45 barrels of oil per day over a three day test period.

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21 Feb 2022 09:52

Pantheon upbeat on latest flow testing on North Slope

(Sharecast News) - Alaska North Slope-focussed oil and gas company Pantheon Resources updated the market on its operations on Monday, announcing that flow testing operations were complete on the Slope Fan System (SFS) - a Brookian-aged horizon - at Talitha A.

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18 Feb 2022 19:39

IN BRIEF: Pantheon Resources issues shares following loan conversion

Pantheon Resources PLC - London-based oil and gas company with a portfolio focused in Alaska - Issues 1.9 million shares following notice of conversion in respect of USD2 million of the USD55 million unsecured convertible bond.

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