Pantheon Resources (PTHRF) Stock News

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.

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.