Pantheon Resources Plc (PTHRF)
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Pantheon Resources raises $16.25mln to support Alaska
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) has announced a $16.25 million equity raise, with proceeds set to fund the planned Dubhe-1 appraisal well on Alaska's North Slope. A placing and subscription are price the new shares at 21.15p each.
Pantheon Resources adds Alaskan policy expert to board
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) has appointed Marty Rutherford to its board, as a non-executive director, as it seeks to advance its projects in Alaska. Rutherford has held several senior policy roles in Alaska, including multiple terms as deputy commissioner of the Department of Natural Resources.
Pantheon Resources unveils new executive hires
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) has appointed Tralisa Maraj as chief financial officer and Erich Krumanocker as chief development officer. Tralisa Maraj will succeed Phil Patman, with her appointment effective from 14 July.
Pantheon Resources: disappointing Megrez well test concludes
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) completed flow testing at the Megrez-1 exploration well, in Alaska, with the remaining zones also disappointing. The company, in a statement, said two intervals in the Lower Sagavanirktok 3 Formation were perforated and lifted to surface with nitrogen.
Pantheon Resources says initial Megrez well results disappointed
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) told investors it has paused its plans at the Megrez-1 well, in Alaska, as an initial well tests disappointed. Another test, on a different zone will go ahead before Pantheon makes a decision about the rest of the well programme.
Pantheon Resources: First set of results from Megrez well
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) has released preliminary results at the Megrez-1 well, where the testing in the first of multiple zones have disappointed. In the Megrez well the Topset 1 reservoir was stimulated across a 290-foot section, but initial results indicated that, at this location, it is in a transition zone with insufficient mobile oil.
Pantheon Resources confirms $35mln bond issue
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) has confirmed the closing of a previously announced US$35 million convertible bond. The senior convertible bonds, to mature in March 2028, were issued to Sun Hung Kai & Co.
Pantheon Resources to start Megrez well tests this week
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) highlighted the ‘positive momentum' of the six months to the end of December and through 2025 so far, as it reported its interim financial results. The Alaska-focussed oil and gas junior added that the flow testing of the Megrez-1 well is due to get underway this week.
Pantheon Resources gears up for Megrez-1 flow testing - ICYMI
Pantheon Resources PLC CEO Max Easley joined Steve Darling from Proactive to share details on the upcoming testing, which will assess multiple pay zones identified through extensive geological analysis. Proactive: Welcome back inside our Proactive newsroom.
Pantheon Resources counts down to flow testing at Megrez well
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) told investors it expects to start flow testing this month for its Megrez-1 well on Alaska's North Slope. The testing will evaluate six of seven identified pay zones in the well.
Pantheon Resources set to 'upsize' bond issue
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) told investors that its convertible bond issue is set to be ‘upsized' to $35 million, from $30.5 million. Convertible bondholder Sun Hung Kai & Co, and its affiliates, have the right to increase the company's convertible bond issuance (and the option must be exercised by 5pm on 28 February).
Pantheon Resources confirms Max Easley has now started as CEO
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) has confirmed that Max Easley has taken up his position as chief executive officer earlier than expected, effective 21 February. David Hobbs will now be Pantheon's non-executive chair, rather than executive chair.
