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Pantheon Resources ( (GB:PANR) ) has provided an update.
Pantheon Resources has raised $10 million via a conditional placing of 106.2 million new shares at 7.0 pence each to fund the planned resumption of flow testing at its Dubhe-1 well in the Ahpun project and to reprocess seismic data over the Kodiak structure. The funding is intended to support further appraisal of an estimated 282 million barrels of contingent liquids in the Shelf Margin Deltaic reservoir within Greater Ahpun, underpin a gas offtake agreement with the State of Alaska, enhance seismic imaging over Kodiak’s independently assessed 1.2 billion barrels of contingent recoverable liquids, and strengthen Pantheon’s negotiating position in ongoing farm-out discussions, while extending group working capital visibility to the fourth quarter of 2026.
The most recent analyst rating on (GB:PANR) stock is a Hold with a £8.50 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 score is held down primarily by weak financial performance—ongoing losses, minimal revenue, and negative operating/free cash flow—despite a comparatively low-leverage balance sheet. Technicals add additional pressure with a strong downtrend and bearish momentum, while valuation is constrained by negative earnings and the absence of a dividend.
To see Spark’s full report on GB:PANR stock, click here.
More about Pantheon Resources
Pantheon Resources plc is a UK-listed oil and gas company focused on developing the Kodiak and Ahpun projects on Alaska’s North Slope, located near existing pipeline and transportation infrastructure. The company targets large contingent oil and gas resources in these onshore fields, aiming to advance them toward commercial production through appraisal drilling, flow testing and potential farm-out partnerships with industry players.
Average Trading Volume: 14,150,452
Technical Sentiment Signal: Sell
Current Market Cap: £105.8M
See more insights into PANR stock on TipRanks’ Stock Analysis page.