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Pantheon Resources ( (GB:PANR) ) has shared an announcement.
Pantheon Resources announced the spudding of the Dubhe-1 well in the Ahpun field on Alaska’s North Slope. This well aims to appraise an already discovered resource with a primary target of 282 million barrels of ANS Crude and 804 billion cubic feet of natural gas, potentially valued at $1.74 billion. The success of this well could underpin the planned full field development of Ahpun and support a long-term gas supply contract into the proposed Alaska natural gas pipeline.
The most recent analyst rating on (GB:PANR) stock is a Buy with a £85.00 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 score reflects significant financial challenges due to profitability and cash flow issues. Technical indicators are bearish, although corporate events show potential for future growth. Valuation remains a concern due to negative earnings, though analyst sentiment is positive.
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 aims to demonstrate sustainable market recognition of a value of $5-$10 per barrel of recoverable resources by the end of 2028, leveraging its proximity to existing roads and pipelines for competitive advantage.
Average Trading Volume: 7,645,386
Technical Sentiment Signal: Sell
Current Market Cap: £291.1M
Learn more about PANR stock on TipRanks’ Stock Analysis page.