RE: Deal14 Apr 2026 17:33
Dickie here is the part referring to Majors in the dataroom
Pantheon Resources plc (AIM: PANR) ("Pantheon" or "the Company"), the oil and gas company with a 100% working interest in the Kodiak and Ahpun projects on Alaska's North Slope, announces its unaudited interim results for the six months ended 31 December 2025 (the "Period"), together with operational highlights for the Period and post-Period, and results from the Company's AGM held on 12 March 2026.
Operational and Corporate Highlights
o Repositioning of Company strategy, recognising Kodiak as the cornerstone of the portfolio and the key driver of shareholder value
o Actively pursuing farm-in opportunities with good early progress on partnering discussions, with multiple major energy companies actively evaluating the assets in the data room
o Commissioned re-processing of 3D seismic data on the updip northwest section of Kodiak
o Continued progress on development planning for both Kodiak and Ahpun projects
o Dubhe-1 drilled and tested, confirming the presence of movable hydrocarbons, prior to being shut-in for pressure build-up and other analysis, and re-start of testing pending the outcome of partnering discussions
o Strengthened management team with key executive appointments
o Restructuring of Board of Directors - Appointment of Michael Spencer as Non-Executive Chairman and Marty Rutherford and David Wilkins as Independent Non-Executive Directors, bringing decades of corporate, Alaskan regulatory and Alaskan operational experience, following the retirement of previous Board members
o Initiated a comprehensive cost reduction programme, including streamlining the organisation, suspending US listing activities and reviewing all contracts to minimise expenditure while maintaining the asset base
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