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An update from Pantheon Resources ( (GB:PANR) ) is now available.
Pantheon Resources announced an anticipated resource upgrade for the Ahpun field’s Eastern Topset based on preliminary analysis from the Megrez-1 well. The findings suggest a potential 15% – 50% increase in resource estimates, with significant implications for the company’s operations and industry positioning. The company plans to conduct flow tests and further analysis to validate these results, which could substantially enhance its resource base and competitiveness in the region.
More about Pantheon Resources
Pantheon Resources plc is an AIM-listed oil and gas company focused on developing its Ahpun and Kodiak fields on Alaska’s North Slope. The company aims to produce ANS crude and associated natural gas, with contingent recoverable resources totaling approximately 1.6 billion barrels and 6.6 trillion cubic feet of gas. Pantheon is working towards financial self-sufficiency and sustainable market recognition by 2028.
YTD Price Performance: 30.45%
Average Trading Volume: 6,568,750
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £446.6M
See more insights into PANR stock on TipRanks’ Stock Analysis page.
