Pantheon Resources (GB:PANR) has released an update.
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Pantheon Resources has made significant strides with its oil and gas projects on Alaska’s North Slope, reporting a notable resource base of 1.6 billion barrels of crude and 6.6 trillion cubic feet of natural gas. The company is focusing on financial self-sufficiency and aims to enhance shareholder value by targeting a resource valuation of $5 to $10 per barrel by 2028. Despite a fiscal loss of $11.6 million, Pantheon continues to reduce its convertible loan balance and increase cash reserves to fund ongoing operations.
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