Pantheon Resources Plc Stock Price, News & Analysis

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.

Pantheon Resources (PTHRF) has appointed Marty Rutherford, a respected Alaska energy leader, as Non-Executive Director effective June 13, 2025. Rutherford, a fifth-generation Alaskan, brings over 40 years of policy experience, particularly from her multiple terms as Deputy Commissioner at the Alaska Department of Natural Resources (DNR). Her expertise includes overseeing state natural resource management, oil and gas policy, and leading gasline development efforts. This appointment comes as Bob Rosenthal steps down from the Board. Rutherford, age 73, has previously served as a Trustee of the Alaska Permanent Fund and held positions at Linc Energy and various state departments. The appointment aims to strengthen Pantheon's board expertise as the company develops its Kodiak and Ahpun oil fields on Alaska's North Slope.

Pantheon Resources (PTHRF) has announced key executive appointments to support its transition from exploration to development and production, alongside plans for listing on a senior US exchange. Tralisa Maraj, with over 25 years of experience and previous CFO roles at public companies, will join as Chief Financial Officer effective July 14, 2025. Erich Krumanocker, bringing 25+ years of global experience including BP North Slope operations, has been appointed as Chief Development Officer. The appointments come as Bob Rosenthal, a company founder, announces his retirement. Both new executives will receive compensation packages including 375,000 Restricted Stock Units and 750,000 options. The company is developing the Kodiak and Ahpun oil fields in Alaska's North Slope, with independently certified resources of 1.6 billion barrels of ANS Crude and 6.6 tcf of natural gas.

Pantheon Resources (PTHRF) has announced preliminary results from flow testing at the Megrez-1 well on Alaska's North Slope. The first of six planned intervals, the Topset 1 (TS1) reservoir, was tested over 290 feet from 7,165 ft to 7,453 ft MD.

The well demonstrated strong liquid rates exceeding 1,000 barrels per day during a 12-day testing period. However, no significant hydrocarbons were produced as the tested interval appears to be in a transition zone with to no mobile oil and gas.

Despite these initial results, the company maintains optimism for the remaining five shallower intervals to be tested. The technical data gathered suggests higher saturations and mobile oil will be found in the shallower stratigraphic sequences. The next interval to be tested is the Lower Prince Creek formation.

Pantheon currently holds 1.6 billion barrels of certified resources in its Ahpun and Kodiak fields.

Pantheon Resources (OTCQX:PTHRF), an oil and gas company developing the Kodiak and Ahpun oil fields on Alaska's North Slope, has announced its participation in two major investor conferences in Spring 2025.

The company will present at the LD Micro Invitational XV on April 10, 2025, at 8:30 a.m. Eastern time at the Westin Grand Central, New York, featuring a webcasted presentation and one-on-one meetings. Additionally, Pantheon will participate in The Commodities Global Expo 2025 from May 9-11, 2025, at the Four Seasons Resort, Fort Lauderdale, focusing on one-on-one meetings.

CEO Max Easley highlighted the upcoming multi-zone flow tests at Megrez-1 as a pivotal phase for demonstrating their assets' potential, noting these results could significantly impact resource estimates and development plans.

Pantheon Resources (AIM:PANR) has announced its 2025 Employee Stock Ownership Plan (ESOP) awards. The company granted 3,191,177 Restricted Stock Units (RSUs) to staff, significantly lower than the 9,278,760 awarded in 2024. The RSUs were priced at $0.8366 per share and will vest in three annual tranches starting April 2026.

New CEO Max Easley received 5 million share options with an exercise price of $1.15 (37% premium to market) and an additional 400,000 RSUs under his employment contract. 40% of his options vest annually over four years, while the remaining 60% vest upon Final Investment Decision (FID) for the Ahpun project by June 30, 2029, subject to two years of employment.

The company is currently developing the Kodiak and Ahpun oil fields on Alaska's North Slope, with flow testing of the Megrez-1 well expected to begin after stimulation of the first test horizon is completed in the coming week.