RE: Excellent results30 Dec 2025 08:21
Pantheon Resources (OTCQX:PTHRF) reported results for the year ended 30 June 2025, highlighting operational progress on Alaska North Slope assets and corporate strengthening.
Key facts: total comprehensive loss $5.0m (2024: $13.4m); cash $13.2m at 30 June 2025; raised $64.0m during FY2025 and a further $46.25m post-year-end; paid off a convertible bond reducing notional from $9.8m to $0 in Dec 2025. Independent reports certified ~1.6 billion barrels ANS crude and 6.6 Tcf gas.
Operations: drilled Megrez-1 (no surface flow during test) and Dubhe-1 (two-month flow test then shut in; further testing planned in 2026). Executive hires include CEO Max Easley and CFO Tralisa Maraj.