Pantheon Resources Plc Stock Price, News & Analysis

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.

Pantheon Resources (PTHRF) has successfully closed a US$35 million senior convertible bond issuance due March 2028. The bonds were issued to Sun Hung Kai & Co. and its affiliates, clients, and managed funds. The company, which holds 100% working interests in projects covering 258,000 acres adjacent to transportation and pipeline infrastructure on the Alaska North Slope, completed this financing following earlier announcements made in February 2025.

Pantheon Resources (AIM:PANR) has released its unaudited interim results for the six months ended December 31, 2024. The company, which holds a 100% working interest in the Kodiak and Ahpun projects spanning 258,000 contiguous acres in Alaska's North Slope, reported key developments:

The company appointed Max Easley as CEO and completed drilling of the Megrez-1 test well, which exceeded expectations with 1,340 ft of interpreted net pay. Flow testing of Upper Schrader Bluff Topset 1 is scheduled to begin.

Financial highlights include:

• After-tax loss of $6.9 million (vs $7.4 million in 1H FY 2024)
• G&A expenses increased to $4.6 million
• Cash position of $19.3 million as of December 31, 2024
• Secured $35 million convertible bond issuance led by Sun Hung Kai & Co.

The company continues progress toward Ahpun FID by end of 2027 and is preparing for a U.S. listing to maximize shareholder value.

Pantheon Resources (PTHRF), an AIM-quoted oil and gas company operating on the Alaska North Slope, has announced its quarterly repayment of unsecured convertible bonds through share issuance. The company will issue 3,629,122 new ordinary shares to settle a total payment of US$2.597 million, comprising US$2.45 million in principal and US$0.147 million in interest.

The convertible bonds, originally issued in December 2021 to Heights Capital Ireland , are due June 2026. Following this repayment, the remaining principal on the convertible bonds will be reduced to US$12.25 million. The new shares are expected to be admitted for trading on AIM around March 20, 2025, bringing the company's total issued share capital to 1,142,998,513 ordinary shares.