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An update from Pantheon Resources ( (GB:PANR) ) is now available.
Pantheon Resources has welcomed the Alaska Gasline Development Corporation’s announcement of an exclusive Framework Agreement with a private company to develop the Alaska LNG project. This development is seen as a step closer to ensuring long-term energy security for Alaska, with Pantheon poised to supply its natural gas into the pipeline under a future definitive gas sales agreement. This agreement aligns with Pantheon’s strategic objectives and enhances its position within the industry by leveraging its competitive advantages.
More about Pantheon Resources
Pantheon Resources plc is an AIM-listed oil and gas company focused on developing its 100% owned Ahpun and Kodiak fields located on the North Slope of Alaska, USA. The company is working towards demonstrating sustainable market recognition of a value of $5-$10 per barrel of recoverable resources by the end of 2028. Pantheon has a significant competitive advantage due to the close proximity of its projects to existing roads and pipelines, allowing for shorter development timeframes and lower infrastructure costs.
YTD Price Performance: -1.50%
Average Trading Volume: 6,152,842
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £337.3M
Find detailed analytics on PANR stock on TipRanks’ Stock Analysis page.
