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Pantheon Resources ( (GB:PANR) ) has shared an update.
Pantheon Resources announced the upcoming hydraulic fracture stimulation and well testing for the Dubhe-1 well in Alaska’s North Slope, marking a significant step in its development of the Ahpun reservoir. The operation, led by Element Technical Services Inc, is expected to enhance Pantheon’s operational capabilities and provide valuable data for future development decisions, potentially impacting the company’s strategic positioning in the oil and gas industry.
The most recent analyst rating on (GB:PANR) stock is a Hold with a £22.50 price target. To see the full list of analyst forecasts on Pantheon Resources stock, see the GB:PANR Stock Forecast page.
Spark’s Take on GB:PANR Stock
According to Spark, TipRanks’ AI Analyst, GB:PANR is a Neutral.
The overall stock score reflects significant operational challenges, with financial performance and valuation being the primary concerns due to negative profitability and cash flow. However, positive corporate events and strategic initiatives provide potential upside, supporting a slightly better outlook.
To see Spark’s full report on GB:PANR stock, click here.
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 State of Alaska land on the North Slope, onshore USA. The company has independently certified best estimate contingent recoverable resources totaling approximately 1.6 billion barrels of ANS crude and 6.6 Tcf of associated natural gas. Pantheon aims to achieve sustainable market recognition of its resources’ value by 2028, leveraging its proximity to existing infrastructure for competitive advantage.
Average Trading Volume: 8,367,430
Technical Sentiment Signal: Sell
Current Market Cap: £319M
For a thorough assessment of PANR stock, go to TipRanks’ Stock Analysis page.