Pantheon Resources ( (GB:PANR) ) has shared an update.
Pantheon Resources plc has announced the potential increase of its senior convertible bonds to US$35 million, with Sun Hung Kai & Co. Limited as the lead investor. This move aims to provide financial flexibility for working capital and operational expenses, particularly as the company prepares for flow testing at the Megrez-1 well, thereby reducing uncertainty and focusing on operational progress.
More about Pantheon Resources
Pantheon Resources plc is an oil and gas exploration company listed on the AIM market. The company holds 100% working interests in projects located on the Alaska North Slope, strategically positioned near transportation and pipeline infrastructure.
YTD Price Performance: 115.97%
Average Trading Volume: 6,977,245
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £739.5M
For detailed information about PANR stock, go to TipRanks’ Stock Analysis page.