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14.26 are you a self appointed God sent BB administrator. I have one word for you …but say it quickly !!!

AI Overview

Pantheon Resources Shares Slide 20% After Another ...

Pantheon Resources is proceeding with plans to drill the Dubhe-1 commercial demonstration well in the Ahpun field, located on the North Slope of Alaska, during the summer of 2025. This well is part of the larger Ahpun field development, which includes the previously established resources at Ahpun and Kodiak. The company is also focusing on achieving cash flow self-sufficiency and sustainable market recognition for its discovered resources.

Here's a more detailed breakdown:

Dubhe-1 Well:

Pantheon is still on track to commence drilling operations on the Dubhe-1 well in the summer of 2025. This well is a commercial demonstration well located in the Ahpun field topsets.

Ahpun Field Development:

The company is actively working on the development of the Ahpun field, regardless of the outcome of the Megrez-1 well testing.

Megrez-1:

Pantheon recently concluded the flow testing of the Megrez-1 well. While the initial results from the Topset 1 reservoir were disappointing, the company believes that the five shallower and more productive horizons remaining to be tested hold significant potential.

Certified Resources:

Pantheon has independently certified contingent resources of 1.57 billion barrels of marketable liquids (ANS Crude) and 6.6 trillion cubic feet of natural gas at Ahpun and Kodiak.

Strategic Goals:

Pantheon aims to achieve cash flow self-sufficiency and sustainable market recognition of at least $5 per barrel of recoverable resources by 2028. The company also seeks to become the sole supplier of gas for the natural gas pipeline to Southcentral Alaska.

Agreement with AGDC:

Pantheon has an agreement with the Alaska Gasline Development Corporation (AGDC) to provide gas to Southcentral Alaska, which is expected to support all of Pantheon's development costs after the Ahpun Field Final Investment Decision.

The Alaska Gasline Development Corporation (AGDC) board meeting last night resulted in a vote to authorize President Frank Richards to execute a project agreement with Glenfarne, a company taking a majority stake in the Alaska LNG Project. The agreement's details remain confidential, but the vote was 6-1 in favor, with board member Doug Tansy voting against. The project aims to develop a large-scale liquefied natural gas (LNG) export project to provide affordable energy for Alaskans and export markets.

Here's a more detailed breakdown:

Glenfarne's Role:

Glenfarne will lead the development of the Alaska LNG Project, which includes a pipeline to deliver natural gas to Alaskans and facilities to liquefy gas for export.

Confidential Agreement:

The specific terms of the agreement between AGDC and Glenfarne were not disclosed, but the board authorized President Richards to finalize and execute it.

Project Goals:

The Alaska LNG Project aims to address a looming natural gas shortage in Alaska and create new energy development opportunities.

Positive Outlook:

AGDC has touted that the project has cleared legal challenges, secured permits, and has federal government support.

Cost Estimate:

A recent $38.7 billion cost estimate was released for the project, which is expected to increase the project's ability to deliver gas to Alaskans and export markets at competitive prices.

Support from Stakeholders:

The project has received support from various stakeholders, including those who believe it will bring affordable energy to Alaskans and reduce energy poverty.

Next Steps:

AGDC plans to make further announcements and public updates on the project at future board meetings and legislative presentations.

Tony…you are definitely wrong and don’t compare TAPS with LNG.

With utmost respect Tony…. The Alaska LNG pipeline and the Trans-Alaska Pipeline System (TAPS) serve different purposes but are both crucial to Alaska’s energy infrastructure.

* The Alaska LNG pipeline is designed to transport natural gas from the North Slope to Southcentral Alaska for export. It spans 807 miles and includes offshore sections, compressor stations, and interconnection points for in-state gas distribution. The goal is to provide a stable supply of natural gas for Alaskans and international markets.

* The Trans-Alaska Pipeline System (TAPS), on the other hand, is an oil pipeline that moves crude oil from Prudhoe Bay to Valdez. It is 800 miles long and was built in the 1970s to transport oil from Alaska’s North Slope to global markets.

While both pipelines originate in Alaska’s North Slope, they handle different resources—one transports natural gas, the other crude oil. They are separate projects with distinct infrastructure, but both play a role in Alaska’s energy economy.

Plenty 3s around today. http://www.pennystockdream.com/Market-Maker-Signals

It’s posted on the wrong BB….maybe a premium investors subtle way of getting PANR holders to look at another oil and gas play ? Lols.

Https://youtu.be/LLtygZKdVf0 This is the QA session and latest update Kevin.

Fact….dont fire shots from a glass house ….:-)

This what you posted Tony…. . I believe they stated $150m capex to first Oil and $350m to start generating FCF and self sufficiency….. where is the source for this please ?

Thanks Brom…much appreciated….now is it fact or fiction ? I will leave that for Tony to fathom out :-)

So I guess it’s a known fact that if a listed company earns revenue it does not necessarily assist towards less dilution to shareholders. :-) but hopefully it relieves shareholders somewhat in managing the extent of future dilutions. Does this make sense ??

For Tony….

Copied and pasted from today’s RNS.

“The appointment of Ms. Rutherford is another key step in the development of the Board to best manage the challenges ahead on the path to oil and gas production and financial self-sufficiency.”

Copied and pasted from PANR website.

“Pantheon believes that material borrowing capacity supported by the agreement has the potential to be enough to achieve financial self-sufficiency for full Ahpun and Kodiak developments, and will also result in material gas disposal cost savings to Pantheon.”

“ The appointment of Ms. Rutherford is another key step in the development of the Board to best manage the challenges ahead on the path to oil and gas production and financial self-sufficiency.”…..exactly what I said yesterday….the gas sales will self fund further development. Less shareholder dilution….GLA

Seems like the company PANR is transitioning from Exploration to Production….exciting times ahead especially if the LNG pipeline is commissioned and Dhube proof well successful. PANR has already stated that based on the Gas Sales precedent agreement Pantheon believes that material borrowing capacity supported by this agreement has the potential to be enough to achieve financial self-sufficiency for full Ahpun and Kodiak developments, and will also result in material gas disposal cost savings to Pantheon. Looking good at the moment for a full listing in the USA as well. Fingers and toes crossed. GLA

As soon as Myles finds his way back from the North Pole…he will start working on this Trumpy :-) I suspect they will relist as an ice sales company …..:-) but yes I see your point.

100% correct Olderwiser and many thanks for pointing this out. The current business case excludes both Megrez and LNG offtake sales. Confident as well that the business case will prevail in the end.

By the way…Aramco burn excess gas (flaring) during oil production, but it is actively working to reduce this practice and aims to eliminate routine flaring by 2030

Good question. If the LNG pipeline is not funded and built….Pantheon will not be able to sell the gas I guess :-) They will just burn it. :-) The likelihood of the pipeline not being built though is very unlikely based on recent news events imo. Do some research and you will see where I’m coming from :-) Hope this helps.

Federal funding for the pipeline ? https://www.dermotcole.com/reportingfromalaska/2025/6/3/glenfarnes-absurd-115-billion-press-release