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Pantheon Resources Pauses Dubhe-1 Winter Testing but Sticks to Alaska Growth Plan

Story Highlights
  • Pantheon paused high-cost winter testing at Dubhe-1, citing capital discipline while emphasizing confirmed mobile hydrocarbons and ongoing reservoir analysis.
  • The company plans spring retesting of Dubhe-1 and accelerated Kodiak appraisal under a revamped leadership team, reinforcing its long-term Alaska growth strategy and resource-led approach.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Pantheon Resources Pauses Dubhe-1 Winter Testing but Sticks to Alaska Growth Plan

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Pantheon Resources ( (GB:PANR) ) has issued an announcement.

Pantheon Resources has updated shareholders on 2025 progress and the Dubhe-1 development well, stressing that while Dubhe-1 has not yet delivered the production levels sought, it has confirmed mobile hydrocarbons and generated valuable data to refine its development plan, particularly for the Ahpun reservoir. The company has paused costly winter testing after recovering about half of the injected stimulation fluids from Dubhe-1, framing the move as disciplined capital management rather than reduced confidence in the resource base, and plans to resume more cost-effective testing in the spring alongside an accelerated appraisal program at its world-class Kodiak field, under a strengthened leadership team brought in to sharpen technical rigor and capital efficiency.

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 is a London-listed oil and gas company focused on developing the Kodiak and Ahpun oil fields on Alaska’s North Slope. Its assets, all on state lands and located close to the Trans-Alaska Pipeline System and the Dalton Highway, span about 258,000 acres with independently certified best-estimate contingent recoverable resources of roughly 1.6 billion barrels of Alaska North Slope crude and 6.6 Tcf of associated natural gas. The company’s strategy is resource-led and capital-disciplined, targeting early free cash flow from nearer-infrastructure projects like Ahpun to help finance large-scale development of its flagship Kodiak field while minimizing shareholder dilution.

Average Trading Volume: 10,050,564

Technical Sentiment Signal: Sell

Current Market Cap: £245.4M

For a thorough assessment of PANR stock, go to TipRanks’ Stock Analysis page.

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