RNS Number: 5557 K Pantheon Resources PLC 22 April 2020. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 5537 K Pantheon Resources PLC 22 April 2020. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Pantheon Resources 15.325p £77m (PANR.L) “In response to recent global events that have negatively affected the outlook for the sector, the Company is reviewing its entire business to reduce non-essential costs. The Board has implemented a 20% reduction in salaries across the Company and the Directors are grateful to the employees and consultants for their support with this initiative which will last until such time as the Board considers it appropriate. These measures, together with our healthy cash balance and lack of debt or work programme commitments mean that Pantheon is resilient. The Company continues to seek a farm in partner for its Alaskan projects, where over US$200million has been invested, to pay a meaningful up-front cash component as well as carried terms on future drilling.” #PANR
Pantheon Resources Plc #PANR announced that in response to recent global events that have negatively affected the outlook for the sector, the company is reviewing its entire business to reduce non-essential costs. The Board has implemented a 20% reduction in salaries across the company and the Directors are grateful to the employees and consultants for their support with this initiative which will last until such time as the Board considers it appropriate. The company continues to seek a farm in partner for its Alaskan projects, where over $200million has been invested, to pay a meaningful up-front cash component as well as carried terms on future drilling.
RNS Number: 2600 K Pantheon Resources PLC 21 April 2020. Pantheon Resources plc, the AIM-quoted oil and gas exploration company with 89.2%- 100% working interests in several projects on the Alaskan North Slope, and 58%- 100% working interests in projects in Polk& Tyler Counties, East Texas, is pleased to provide the following corporate update..
Pantheon Resources #PANR - Following the unsuccessful well reported by 88E and Premier Oil earlier this week, and to be fair some voluble feedback from Pantheon shareholders, I thought it would be good to fix a meeting with PANR to see what the position currently is. I did meet with top management when the shares were suspended awaiting an experts report and yesterday I wanted to check that I was up to speed with events. Pantheon, through last year’s merger with Great Bear Petroleum has a high impact project on the Alaskan North Slope where it controls 200,000 acres to the south of the historic and huge Prudhoe Bay and Kuparuk fields and with the TAPS pipeline system nearby and the Dalton highway on its land has excellent infrastructure. Following the successful Alkaid well last year the company commissioned an independent experts report which gave the company 76.5 million barrels of contingent resources with an overall P50 of 1.2bn barrels of oil equivalent. Clearly all these numbers are huge and whilst they make Pantheon potentially massive it is clearly a requirement to find a partner, indeed they are keen for it to be the ‘right’ partner who has to be prepared to commit a substantial amount of capital. Having said that, finding the right farm-inee will not be easy although ironically, speaking to the company yesterday the conventional ANS has greater appeal than the shale already shutting-in. One of the reasons for proving how hard it is to find a partner is more to do with the virus and that the data room is a physical one, albeit in Houston making it hard to visit just now. Pantheon clearly has an absolute monster of a potential project, it has high quality directors, shareholders and first rate advisors, indeed a geophysical contractor was so impressed with what they saw they wanted their fee in shares, not possible but a 1% royalty has appeased them. Pantheon are in an amazing postcode and with a partner and when action can begin the value will start to transfer to the shareholders. It is almost impossible to calculate how much this acreage could be worth to Pantheon, perhaps a 20 bagger, maybe 50 but that can only happen when the partner is found and while this may or may not take potentially a long time management and shareholders remain confident and prepared to wait.
RNS Number: 6439 I Pantheon Resources PLC 02 April 2020. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 4818 I Pantheon Resources PLC 01 April 2020. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 4787 I Pantheon Resources PLC 01 April 2020. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 2940 I Pantheon Resources PLC 31 March 2020. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 2896 I Pantheon Resources PLC 31 March 2020. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 2333 I Pantheon Resources PLC 31 March 2020. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 2296 I Pantheon Resources PLC 31 March 2020. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 9018 H Pantheon Resources PLC 27 March 2020. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 9006 H Pantheon Resources PLC 27 March 2020. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 2749 H Pantheon Resources PLC 23 March 2020. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 2716 H Pantheon Resources PLC 23 March 2020. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 2569 H Pantheon Resources PLC 23 March 2020. Pantheon Resources plc Upgraded management resource estimates and Company presentation. Pantheon Resources plc, the AIM-quoted oil and gas exploration company with 89.2%- 100% working interests in several projects on the Alaskan North Slope, and 58%- 100% working interests in projects in Polk& Tyler...
RNS Number: 0729 H Pantheon Resources PLC 20 March 2020. Pantheon Resources plc, the AIM-quoted oil and gas exploration and production company with a working interest in several conventional projects on the North Slope of Alaska and in Tyler and Polk Counties, onshore East Texas, announces that at the Annual General Meeting held earlier today, all resolutions...
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Company Profile

Pantheon Resources is an independent oil and gas exploration company incorporated in the UK. Our principal asset is a working interest ranging between 50% and 58% in four prospects in Tyler and Polk Counties, East Texas where we have drilled two high impact exploration wells in 2015 and successfully discovered the targeted Eagleford conventional sandstone reservoir horizons in both, independent locations.

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