Company
Pantheon Resources PLC
LON:PANR
Pantheon Resources is an independent oil and gas company, headquartered in Houston, focused on developing the Kodiak and Ahpun fields, a portfolio of high-impact oil projects on the Alaska North Slope (ANS), spanning a 100% working interest across 258,000 acres. Independently certified best estimate contingent recoverable resources currently total c. 1.6 billion barrels of ANS crude and 6.6 Tcf of associated natural gas across the company’s properties. All acreage is on state lands with supporting regulatory authorities and no federal land use approval required (aside from Army Corps. Of Engineers).
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Pantheon Resources sees Alkaid-2 production ‘near expectations’ despite clean-up constraints
Chief executive Jay Cheatham described the results so far as "very encouraging" whilst cautioning that it is still too early to make a definitive assessment of the well.
Pantheon Resources adds more acreage on Alaska's North Slope
Another 40,000 acres have been acquired next to its existing leases
Pantheon Resources says Alaska well showing “promising indications” of reservoir performance
The results to date were described as “greatly encouraging” ahead of further clean up and formal production testing
Pantheon Resources tipped for significant further upside as stockbroker looks ahead to well testing
“We remind investors that our pre-drill fair value estimate for Pantheon was 208p," WH Ireland said.
Pantheon Resources completes stimulation program at Alkaid #2
"This is the second of two very important milestones for Pantheon this year," said CEO Jay Cheatham
Pantheon Resources qualifies to trade on US OTCQX Best Market
Trading will enhance the visibility and accessibility of the company to US investors, while its ordinary shares will continue to trade on London’s Alternative Investment Market
Pantheon Resources on schedule for Alkaid-2 flow test in October
Production facilities, which are currently en route to the North Slope, have also been upgraded
Pantheon Resources Alaska discovery 'world class', according to independent oil consultants
Baker Hughes Advanced Hydrocarbon Stratigraphy was brought in to assess the results from a well on the Theta West acreage sunk earlier this year
What does Pantheon have on its hands in Alaska?
The next step would be to prepare for multi-stage stimulation and flow testing
Pantheon Resources set for Alkaid-2 flow test after drilling hits target 'without incident'
"The quality of data received from the well has been extremely high," the oil and gas exploration and production company said
Pantheon Resources says Alkaid-2 well exceeds expectations
“If we achieve a positive flow test on the horizontal section of this well, it will have major positive implications for our company," chief executive Jay Cheatham said
New Alaska oil well boosts interest in Pantheon Resources and 88 Energy
Success in the latest well, Pantheon's first horizontal, could propel the London-listed explorer to the next level.
Pantheon Resources spuds Alkaid-2 well on Alaska North Slope
“The long-term production test through the horizontal section will define the resource and aid the understanding and future development potential of Alkaid," said Jay Cheatham, Pantheon’s CEO
Pantheon Resources "elephants" have broker excited
The lower basin floor fan of the Theta West structure is the "giant elephant" but the broker also has high hopes for the Alkaid#2 appraisal well, aka the "baby elephant".
Pantheon Resources hires rig to drill next well in July
After recent successes it will be a hotly anticipated programme among investors
Pantheon Resources new estimate shows giant oil discovery in Alaska
"This season has been a great one for Pantheon resulting in material resource upgrades,” said technical director Bob Rosenthal
Hit or bust exploration is back in 2022
Soaring oil prices has put a brighter spotlight on some exploration ventures.
Pantheon Resources celebrates ‘great achievement’ in Alaska
"We achieved what we set out to do - namely to confirm the presence and movability of oil in our targeted horizons," Jay Cheatham said.
Pantheon Resources looks forward to horizontal well testing after winter disruption
“We will put it on a long-term test and we will truck the oil up the Dalton Highway"
Timing could be perfect for Pantheon Resources Plc to unearth billion barrel discoveries in Alaska
“We believe that the assets of Pantheon Resources represent a potential means of decreasing reliance on Russian oil in a manner that conforms to the highest standards of ESG,” WH Ireland analyst Brandan Long.
Pantheon Resources says Theta West “likely exceeds expectations” after encouraging initial well results
"We are very excited by this result at Theta West," said chief executive Jay Cheatham
Pantheon Resources Plc set to start Theta West testing despite challenges of Alaskan winter
“Over the coming weeks, we will test what the company believes is a significant oil accumulation,"
Pantheon Resources says it has another excellent result in Alaska
“Encouragingly, our testing to date suggests that we could be in the sweet spot for finding light oil on the North Slope," said technical director Bob Rosenthal.
Pantheon Resources issues shares after US$2mln conversion of bonds
The company has received a Notice of Conversion in respect of US$2 million of the US$55 million unsecured convertible bond issue
Pantheon Resources share price advance continues on ‘encouraging’ well result in Alaska
“We believe the results announced today are very encouraging," said stockbroker WH Ireland.
Pantheon Resources encounters hydrocarbons in Theta West well, awaits further tests
Extreme cold weather has hampered operations on Alaska’s North Slope and further analysis is pending, nonetheless data available to date is said to be “encouraging”.
Pantheon Resources shares soar as first of two well results bode well for Alaska project
The AIM-quoted exploration share shot up as much as 40% in Monday's deals as speculators look forward to imminent second well result.
Pantheon Resources says Talitha flow rates exceed expectations
"This is a great result and better than we had expected at this location,” said chief executive Jay Cheatham
Pantheon Resources spuds Theta West well and kicks of Talitha testing
“These wells test very large targets and have the potential to be very material for all shareholders, if successful," Jay Cheatham said
Pantheon Resources boosted as lands drill permit for next well
The explorer has an exciting drilling and testing programme planned for the next six months or more.
Pantheon Resources declares 'full steam ahead' for 2022
The 2022 drilling programme targets some 2.2 billion barrels of recoverable oil,
Pantheon Resources gets green light for Alaska development
“We are pleased to receive formal approval of our Plans of Operations at Theta West and Talitha and continue to work closely with the State of Alaska to finalise the remaining applications"
Pantheon Resources raises US$96mln for Alaska well programme
Chief executive Jay Cheatham hailed a fantastic result as high demand resulted in a significant overfunding above the explorer's initial target
Pantheon Resources in short-term finance deal to secure equipment for Alaska winter drilling
The funds will be used to secure equipment, goods and services ahead of the planned winter drilling programme on its Alaska North Slope projects, the oil and gas company said
Pantheon Resources remains focused on finding farm-in partner
It hopes today’s webinar presentation will allow investors and industry participants to gain a greater appreciation for the impressive quality of data and analysis underpinning its projects
Pantheon Resources in stronger position as it advances farm-out funding efforts for Alaska venture
“We remain focussed on finding a suitable partner to farm-in to one or more of our projects,” Jay Cheatham said
Proactive weekly oil and gas highlights: Pantheon Resources, San Leon, i3 Energy, 88 Energy, Challenger Energy, Mosman, Block Energy, Zephyr Energy, Coro Energy, Helium One Global
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Pantheon Resources price target hiked after Alaska resource boost
The shares rose 18.5% to 61.6p or around a third of Canaccord’s new price target of 170p
Pantheon Resources upgrades resource at Talitha in Alaska
"The analysis to date is very encouraging, as is the strong oil price outlook"
Pantheon Resources starts flow testing Talitha #A as weather eases in Alaska
The AIM-listed company has decided to delay the final testing of the shallower target zones into the next drilling season
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William Hill higher after receiving two bid approaches
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Today's Oil & Gas Update - Pantheon Resources, Ascent Resources, Gulf Keystone Petroleum and more...
Pantheon Resources (LON:PANR): 483MMbbo recoverable at Shelf Margin Deltaic alone Diversified Gas & Oil (LON:DGOC): Five-year extension granted in Ohio Gulf Keystone Petroleum (LON:GKP): FY20 production guidance suspended Ascent Resources*
Pantheon Resources expands exploration footprint in Alaska
"I'm ecstatic to have been the successful bidder on this acreage where we clearly had a major advantage,” said Jay Cheatham, chief executive.
Pantheon Resources share slump as latest Alaska results disappoint
"Despite today's news on the secondary targets, Alkaid has been a great success for Pantheon," said chief executive Jay Cheatham
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Grafenia shares wanted after it issues shares at a premium
A look at the day's major movers, including Quixant, Aeorema, SpaceandPeople, RedT Energy, IFG Group and Pantheon Resources
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Small cap movers: Red Emperor shares seesaw on news from Alaskan well, but it’s still not clear what exactly is in the ground
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IWG shrugs off profit fall with upbeat outlook
A look at some of the biggest risers and fallers on the London stock market on Wednesday.
Pantheon Resources shares rise as it lands Texas asset deal
The deal gives Pantheon a controlling stake in the assets
Pantheon Resources raises funds as it proposes acquisition of Alaskan assets
Despite a number of operational and services-based challenges in the last 18 months, the board's confidence in the geological potential of the acreage remains undiminished
Pantheon Resources shares rise as VOS well starts producing
"After over a 2-year shut-in period the well is exhibiting good characteristics with good reservoir energy"
Archive
Small caps movers: Energy provider FlowGroup to shut up shop as it runs out of cash
A look back at some of the more interesting from the junior market this week…
Pantheon Resources to frack and test latest East Texas well
"Crucially, nothing we have seen diminishes our belief in the potential of the acreage,” Cheetham said
Contract wins boost shares in both WANdisco and Corero Network Security
Some of the biggest risers and fallers in the London market on Wednesday
Pantheon Resources kicks off new drill programme, VOBM-1 well seeing reduced output
“Given this location, I expect this to be an excellent well,” said chief executive Jay Cheatham
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Watchstone Group: more like a millstone for Bombed Out portfolio?
The company formerly known as Quindell still sends a shiver up the spine of many investors but has the cheetah changed its spots?
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Pantheon Resources provides manna to the "Bombed Out" virtual portfolio
Goodbye and good riddance to Carillion, and praise the heaves for Pantheon.
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Two fallen former Footsie giants join the 'Bombed Out' portfolio
Things are going from bad to worse in the recovery stocks portfolio, and somehow the thought of relying on Dixons and Carillion to save its bacon does not appeal
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Pantheon Resources shares tank as Hurricane Harvey wreaks havoc on operations
Pantheon said it is unlikely to be able to assess the damage of Hurricane Harvey until early September
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FTSE 100 closes higher as traders enjoy 'quiet in the storm'
London's FTSE 100 was trading steadily in Wednesday afternoon's exchanges.
Bahamas Petroleum gushes higher as it announces fundraise plans
A look at the early movers and shakers in London ...
FTSE 100 fades despite demand for miners
The Footsie closed down on the day but up on the week
Pantheon Resources up as its says it can develop a processing facility that should produce gas for less than US$5 a barrel
A look at some of the biggest London-listed risers and fallers today
FTSE 100's losses made heavier by South Africa-focused stocks
An otherwise storming quarter that saw the Footsie rise 180 points ended on a dull note
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Final reading for fourth-quarter 2016 UK GDP growth to draw line under the Brexit vote year
The second reading for growth in the three months to December 2016, delivered last month, was revised up to 0.7% from an initial 0.6% reported in January, but full year GDP for 2016 was revised down to 1.8% from 2.0% on the back of weaker e
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Proactive news round-up: Ceres Power, Bango, Angus Energy …
A glance at some of the stories on the Proactive newswire today.
Pantheon Resources hits ‘potentially significant reservoir’ in latest Texas well
"I am extremely pleased to report that we have successfully concluded the sidetrack of the VOBM-2H well," said chief executive Jay Cheatham.
Parallel Media Group drops 27% on news of further funding from its chairman
The event marketing and media agency said David Ciclitira provided further loans to the company of £288,000.
Investments and investor services
Champagne corks pop: FTSE 100 ends 2016 at record high
At the 12.30pm close, the FTSE 100 index was 22.57 points higher at an all-time peak of 7,142.83, surpassing the previous record of 7,129.83.
Xcite Energy looks doomed, MP Evans up 43% on bid approach
London's risers & fallers at 11.45am: Shoe Zone, Beximco ...
Pantheon Resources latest well unearths potentially significant reservoir
Pantheon cautioned the true significance of well cannot be accurately assessed until flow testing has taken place.
FTSE 100 closes higher with miners but fresh record high eludes
London’s FTSE 100 index closed higher thanks to miners, but well off a late surge as a fresh record high eluded it
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Pantheon Resources: Dead and buried or ready to hit 130p?
The stock is just gaining ground after a setback. But where is it headed and what warning signs do we spy on the horizon? We asked Zak Mir and here's what he said.
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Proactive oil highlights: 88 Energy, Aminex, Hurricane, Rockhopper, Solo Oil and more...
The weekly round up of oil news from the world of Proactive.
Pantheon pins hopes on third well at Polk County
The VOBM3 well will be sunk to a depth of 14,250 feet into the Eagle Ford sandstone over 45-50 days.
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Pantheon Resources: Was the ‘furious’ sell-off overdone?
Followers of Pantheon believe the markdown that followed yesterday's disappointing news may have been punitive in the extreme.
UK top line shares dip on oil glut setbacks, but smaller stocks rise
Crude prices pared 5% gains as Russia and Saudi failed to act
Pantheon Resources shares tumble by a third after horizontal well failure
VOBM2 targeted it the Eagle Ford horizon. The problem was the sandstone proved far more abrasive than expected, resulting in a “series of equipment failures”.
Risers & Fallers: Carr's Group, Distil, Equatorial Palm, Mears, Plus 500, Proxama
Dr Sam Malafeh, the new deputy chief executive officer of AEC Education, has subscribed for £200,000 of shares at 5p each.