Welcome to our dedicated page for Pantheon Resources Plc news (Ticker: PTHRF), a resource for investors and traders seeking the latest updates and insights on Pantheon Resources Plc stock.
Pantheon Resources plc (PTHRF) generates frequent news flow as it advances its crude petroleum and natural gas projects on Alaska’s North Slope. As an AIM and OTCQX listed oil and gas company, Pantheon reports on the appraisal and potential development of its 100% owned Ahpun and Kodiak fields on State of Alaska land, where independently certified best estimate contingent recoverable resources currently total about 1.6 billion barrels of ANS crude and 6.6 Tcf of associated natural gas.
News updates commonly cover operational milestones such as the spudding, drilling and testing of key wells. Recent examples include the Megrez-1 exploration well and the Dubhe-1 appraisal and development demonstration well in the Ahpun reservoir, where the company has reported on lateral length, reservoir quality, stimulation programs and early flow test results. These announcements provide detail on how new data affect Pantheon’s internal and independent resource assessments.
Investors also see corporate and financial news, including equity placings, convertible bond repayments, and working capital guidance. Pantheon has disclosed multiple capital raises to fund drilling programs, Dubhe-1 operations and seismic reprocessing at Kodiak, as well as the full repayment of its senior unsecured convertible bonds issued in 2021.
Governance and shareholder-related items appear in the news feed as well, such as TR‑1 notifications of major holdings, changes to the board of directors, and updates on investor webinars and annual general meetings. Strategic communications often discuss the company’s resource-led, capital-disciplined strategy, its Gas Sales Precedent Agreement linked to the proposed Alaska LNG pipeline, and its focus on leveraging proximity to the Trans Alaska Pipeline System and road infrastructure.
By following the Pantheon Resources news page, readers can track how ongoing appraisal work, funding decisions and corporate developments influence the company’s progress across the Ahpun and Kodiak projects.
Pantheon Resources (OTC:PTHRF) announced a conditional placing to raise $10 million by issuing 106,209,678 new ordinary shares at 7.0 pence per share. Net proceeds will fund near-term appraisal at Dubhe-1 (testing, data analysis and procedures) and seismic reprocessing at Kodiak, plus general working capital. Admission of the new shares to AIM is expected around 22 January 2026 (latest 30 January 2026). The company said the raise, together with existing cash, provides working capital through Q4 2026.
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. Annual report and AGM timing to be announced.
Pantheon Resources (OTC:PTHRF) received a TR-1 major holdings notification showing that Michael Spencer holds a 7.59% total stake in the company as of the threshold date 11-Sep-2025. The total number of voting rights reported is 101,507,759.
Breakdown: direct voting rights equal 5.91% (78,993,558 votes) and financial instruments (CFDs) account for 1.68% (22,514,201 votes). The previous notified total was 8.19%; the issuer was notified on 22-Dec-2025 and the notice completed on 23-Dec-2025.
Pantheon Resources (OTCQX:PTHRF) issued a shareholder letter updating operations and capital ahead of 2026. The company paused Dubhe-1 testing for winter after ~2 months of cleanup that produced ~100,000 barrels of water, ~20 million cubic feet of gas and ~100 barrels of oil, and recovered ~50% of ~200,000 barrels of injected stimulation fluids.
Pantheon reported an unaudited cash position of $27.2 million at 21 December 2025, confirmed mobile hydrocarbons at Dubhe-1, and reiterated independently certified contingent resources of ~1.6 billion barrels of ANS crude and 6.6 Tcf gas across its acreage (Kodiak best estimate ~1.208 billion barrels liquids). Management changes and plans to farm out future capital needs were also highlighted.
Pantheon Resources (OTCQX:PTHRF / AIM:PANR) has rescheduled its investor webinar from Tuesday 23 December 2025 to Monday 22 December 2025 at 17:00 GMT. The presentation is open to existing and potential shareholders and a copy will be posted on the company website before the meeting.
Investors may submit questions pre-event via the Investor Meet Company dashboard until 21 December 2025, 17:00 GMT or during the live presentation. Registration is free at the Investor Meet Company page and existing followers will receive automatic invitations.
Pantheon Resources (OTCQX:PTHRF / AIM:PANR) has repaid its senior unsecured convertible bond due December 2025 in full by issuing new shares to the bondholder. The Company elected to settle the final quarterly principal of US$2.45m and interest of US$24,500 via issuance of 10,520,833 new ordinary shares, expected to be admitted on or around 19 December 2025. After Admission the enlarged issued share capital will be 1,348,117,633 ordinary shares.
Separately, the Dubhe-1 well remains in flowback and the cleanup period. The company will host a shareholder webinar on 23 December 2025 at 17:00 GMT to present results and next steps, with questions accepted until 22 December 2025, 17:00 GMT.
Pantheon Resources (OTCQX:PTHRF / AIM:PANR) announced that Jay Cheatham formally retired as a Non-Executive Director at a board meeting on 12 December 2025. Jay joined the board in 2008, served as Chief Executive Officer until early 2025, and continued as a Non-Executive Director after stepping down as CEO.
The retirement was described as being in line with succession plans announced in February 2025. The Board thanked Jay for his more than 17 years of service and noted his contribution to the development of the Group and its Alaska assets.
Pantheon Resources (OTCQX:PTHRF) has successfully completed drilling the Dubhe-1 appraisal well lateral in Alaska's North Slope, achieving a total measured depth of 15,800 ft, with approximately 5,200 ft within the SMD-B target reservoir. This exceeded the pre-drill target length of 3,000-4,000 ft.
The company has significantly increased its resource estimates for the Ahpun area to 589 million barrels of marketable liquids, representing a 63% increase (228 million barrels) from previous estimates. The company has secured agreements with key suppliers for hydraulic stimulation ahead of flow tests, including new suppliers bringing expertise from mature unconventional basins.
Pantheon Resources (OTCQX:PTHRF) has announced the spudding of the Dubhe-1 appraisal well at its Ahpun field on Alaska's North Slope. The well primarily targets the topset horizon (SMD-B), with three additional exploration horizons offering upside potential.
According to a June 2024 Independent Expert Report by Cawley Gillespie & Associates, the primary target contains 2C Contingent Resources of 282 million barrels of ANS Crude and 804 billion cubic feet of natural gas. The net present value was estimated at $1.74 billion (10% discount rate) based on $80/barrel ANS Crude price.
The Company has contracted the Nabors 105AC rig and completed construction of a year-round gravel pad next to the Dalton Highway in June 2025.
Pantheon Resources (OTC:PTHRF), an oil and gas company focused on developing the Kodiak and Ahpun oil fields on Alaska's North Slope, has announced a change in its registered office address. The company's new registered office, effective June 30, 2025, will be located at Floor 2, 8 Bishopsgate, London, UK, EC2N 4BQ. The change has been properly filed with Companies House in accordance with regulations.
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