(Alliance News) - Pantheon Resources PLC on Tuesday said the company is increasingly confident following the conclusions of a report conducted by analysts from Netherland Sewell & Associates Inc. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Pantheon Resources PLC on Monday reported that its interim loss widened as its "modest" revenue plummeted. Read More
Pantheon Resources PLC - Oil and gas company focused on developing the Ahpun and Kodiak fields, onshore US - Notes share price movement. Confirms discussions with shareholders for a potential supply of natural gas to consumers in south central Alaska. Says company's planning basis continues to rely upon reinjection of all hydrocarbons that cannot be exported through the Trans-Alaska pipeline system main oil line. Read More
Pantheon Resources PLC - Oil and gas company focused on developing the Ahpun and Kodiak fields, onshore US - Loss narrows to USD1.3 million in the financial year ended June 30 from USD16.0 million a year prior. Reports revenue of USD803,689 compared to none a year ago. Administrative expenses narrow 48% to USD3.9 million from USD7.4 million. Looking ahead, Chief Executive Officer Jay Cheatham says: "We remain laser focused on pursuing our goals for final investment decision on Ahpun by end 2025 and final investment decision on Kodiak by end 2028 and to achieve sustainable market recognition of USD5 to USD10 per barrel of 1P/1C recoverable resources." Read More
Pantheon Resources PLC - Oil and gas company focused on developing the Ahpun and Kodiak fields, onshore US - Says it has been awarded 66,240 acres of new leases on the North Slope in Alaska. Says it paid USD31.83 per acre, including fees. Leases will officially be awarded by the State of Alaska in around four to six months. Says they will come with a 10-year initial term, an annual rental of USD10 per acre, and royalty rates of around 17% for 20 leases of 28,800 acres and 13% for 26 leases covering 37,440 acres. It already owns 193,000 acres on the North Slope. Read More
(Alliance News) - The following is a round-up of trading updates by London-listed companies, issued on Tuesday and Monday, and not separately reported by Alliance News: Read More
Pantheon Resources PLC - Oil and gas company focused on developing the Ahpun and Kodiak fields, onshore US - Places around USD4.2 million worth of shares at a price of USD0.26 each, equivalent to 20.8 pence, to long-term investors to increase cash resources. Explains this will allow it to pay December and March convertible bond payments in cash. David Hobbs, executive chair is contributing USD250,000 of this sum. Plans update on corporate strategy on November 2nd & 3rd, 2023. David Hobbs says: "This gives us the breathing space to mature potential vendor and offtaker financing options during the coming weeks and months in order to meet our strategic objective of achieving cashflow self-sufficiency and to seek to minimize possible dilution of value for existing investors. My own commitment to purchase nearly 1 million more shares demonstrates my confidence in the company and its ability to achieve its goals." Read More
88 Energy Ltd - Alaska-focused oil and gas company based in Subiaco, Western Australia - Appoints independent consultants Netherland, Sewell & Associates, Inc to conduct a contingent resource estimate on the Basin Floor Fan reservoir at Project Phoenix on Alaska's Central North Slope. News follows Pantheon Resources PLC declaring a significant contingent resource for the Lower BFF reservoir. 88 says BFF was the deepest hydrocarbon-bearing pay zone intersected during drilling and logging of the Hickory-1 exploration well. Says NSAI's assessment, based on results from Hickory-1 and nearby offset wells, may lead to Hickory-1 being confirmed as a discovery. NSAI has starting reviewing and integrating existing data from all reservours. Read More
Pantheon Resources PLC - Oil and gas company focused on developing the Ahpun and Kodiak fields, onshore US - Completes re-entry of the Alkaid-2 well and flow test of the Shelf Margin Deltaic B horizon. Says that testing operations have been successful at demonstrating producible oil from the SMD horizon in the Aphun field. Notes that post well analysis has suggested that the frac treatment resulted in vertical propagation across the entirety of the the 200 feet gross reservoir column, and extended laterally some 300 to 400 feet. The flow rates themselves were not expected to be material because the objective was to limit drawdown in the initial flow back. However, the actual flow rates were substantially better than prognosed. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Pantheon Resources PLC - oil and gas company focused on developing the Ahpun and Kodiak fields, onshore US - On Thursday, says Netherland, Sewell & Associates has begun preparing a report on the Alkaid horizon at the Ahpun project. This is expected to be completed in the final quarter of 2023 or the first quarter of 2024. A report on the Shelf Margin Deltaic horizon will follow. Notes that GeoMark and SLB have completed their analysis of the reservoir fluid composition in the Alkaid-2 location. Says it suggests that approximately one third of the hydrocarbon pore space contains free gas, while two-thirds contains liquids with dissolved gas. Adds SLB has now begun full field planning studies at Ahpun and expects to complete this during the second quarter of 2024. Additionally, company expects mobilization of the All-American Oil Rig 111 during the last week of September for the Alkaid-2 SMD test. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Pantheon Resources PLC - London-based oil and gas company focused on onshore operations in the US - Executive Chair David Hobbs buys 1.0 million shares prices at GBP0.16411 each, worth GBP164,110, in London on Tuesday. Hobbs is now interested in 2.7 million shares, a 0.3% stake. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday. Read More
Pantheon Resources PLC - London-based oil and gas company focused on onshore operations in the US - Confirms best estimate contingent resource estimate for the Kodiak oil field in Alaska totals 962.5 million barrels. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
Pantheon Resources PLC - Oil and gas company focused on onshore operations in the US - Says Chair Phillip Globe intends to retire. The board has chosen David Hobbs, who joined the board in a strategic capacity in March, as the new chair. He will become executive chair upon the execution of an employment agreement. Read More