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Pantheon Resources
(LSE:PANR)
Pantheon Resources (PANR) vs. S&P 500 (SPY)
Pantheon Resources Business Overview & Revenue Model
Pantheon Resources Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 361.77K | 13.39K | 803.69K | 0.00 | 0.00 | 85.31K |
| Gross Profit | |||||
| -49.99K | 6.24K | 130.40K | 0.00 | 0.00 | 26.66K |
| EBIT | |||||
| -3.66M | -8.77M | -6.89M | -15.69M | -8.25M | -21.85M |
| EBITDA | |||||
| -3.65M | -8.40M | 4.86M | -15.59M | -8.25M | -3.62M |
| Net Income Common Stockholders | |||||
| -5.56M | -11.55M | -1.45M | -13.95M | -6.67M | -16.98M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 3.98M | 7.91M | 20.66M | 57.78M | 5.66M | 4.80M |
| Total Assets | |||||
| 66.59M | 304.62M | 309.93M | 298.10M | 194.76M | 161.63M |
| Total Debt | |||||
| 0.00 | 20.35M | 26.41M | 43.38M | 32.79K | 74.22K |
| Net Debt | |||||
| -3.98M | 12.44M | 5.75M | -14.40M | -5.63M | -4.73M |
| Total Liabilities | |||||
| 4.62M | 27.72M | 37.50M | 58.69M | 6.10M | 7.09M |
| Stockholders Equity | |||||
| 61.97M | 276.90M | 272.43M | 239.40M | 188.66M | 154.54M |
| Cash Flow | Free Cash Flow | ||||
| -25.38M | -18.33M | -59.65M | -46.21M | -28.07M | -7.30M |
| Operating Cash Flow | |||||
| -8.21M | -11.37M | -11.40M | -941.51K | -3.10M | -5.71M |
| Investing Cash Flow | |||||
| -25.58M | -6.34M | -47.91M | -47.63M | -24.97M | -1.57M |
| Financing Cash Flow | |||||
| 17.66M | 4.96M | 22.18M | 100.69M | 28.93M | 10.22M |
Pantheon Resources Technical Analysis
Pantheon Resources Peers Comparison
Pantheon Resources Corporate Events
Pantheon Resources announced preliminary results from the flow testing of the first of six intervals at the Megrez-1 well, revealing that while the TS1 reservoir interval showed strong liquid rates, no significant hydrocarbons were produced. The data suggests the presence of a transition zone with limited mobile oil and gas, but increases confidence in the productivity of shallower intervals. The company plans to proceed with testing the next interval, the Lower Prince Creek formation, to further assess the hydrocarbon potential and optimize future development. This testing is crucial for Pantheon’s strategy to enhance its resource inventory and support its long-term development goals.
Spark’s Take on GB:PANR Stock
According to Spark, TipRanks’ AI Analyst, GB:PANR is a Neutral.
Pantheon Resources exhibits revenue growth but struggles with profitability and cash flow, impacting its financial performance score. Positive technical indicators and corporate events suggest potential for improvement, but current valuation remains a concern due to negative earnings.
To see Spark’s full report on GB:PANR stock, click here.
Pantheon Resources announced its participation in upcoming investor conferences, including the LD Micro Invitational XV and the Commodities Global Expo, to engage with investors and discuss operational milestones. The company is entering a pivotal phase with upcoming multi-zone flow tests at Megrez-1, which could significantly impact resource estimates and development plans, reinforcing its commitment to delivering long-term value for shareholders.
Pantheon Resources announced that two of its non-executive directors, Jeremy Brest and Linda Havard, have purchased shares in the company, increasing their beneficial ownership. This move may indicate confidence in the company’s strategic direction and its potential to achieve financial self-sufficiency, as it progresses towards its objectives of resource development and market recognition.
Pantheon Resources plc has successfully issued US$35 million in senior convertible bonds due in March 2028. This financial move, involving Sun Hung Kai & Co. Limited and its affiliates, is expected to bolster the company’s financial position and support its ongoing exploration activities in Alaska, potentially enhancing its market standing and stakeholder confidence.
Pantheon Resources announced its 2025 Employee Stock Ownership Plan (ESOP) awards, including 3,191,177 RSUs distributed among staff and 5 million share options granted to new CEO Max Easley at a premium price. This move is part of Pantheon’s strategy to align employee incentives with shareholder interests and support its transition to a development company, as it progresses towards financial self-sufficiency and the development of its Alaskan oil fields.
Pantheon Resources has announced its interim results for the six months ending December 31, 2024, highlighting significant operational and financial developments. The company appointed Max Easley as the new CEO and drilled the Megrez-1 test well, which exceeded expectations. A $35 million convertible bond issuance is expected to close soon, providing liquidity to further explore the Ahpun East area. The company is also progressing towards a U.S. listing to maximize shareholder value. Financially, Pantheon reported a reduced after-tax loss compared to the previous year and is preparing for a U.S. listing by adopting US GAAP accounting standards. The company’s strategic focus remains on achieving a sustainable market valuation and advancing its development projects while minimizing shareholder dilution.
Pantheon Resources has announced its decision to settle the quarterly principal and interest repayment of its unsecured convertible bonds, issued in December 2021, through the issuance of new shares. This move will reduce the principal amount of the bonds to $12.25 million and increase the company’s total voting shares to 1,142,998,513, potentially impacting shareholder interests and market positioning.
Pantheon Resources announced that all resolutions were passed at its Annual General Meeting, reflecting strong shareholder support. The company’s strategic focus on the Ahpun and Kodiak fields, along with its infrastructure advantages, positions it well for future growth and financial self-sufficiency, with plans to produce oil and gas into major pipelines by 2028.
Pantheon Resources announced its Annual General Meeting, where an investor presentation and Q&A session will follow the formal proceedings. The company is strategically positioned to leverage its proximity to infrastructure on Alaska’s North Slope, aiming for financial self-sufficiency and future development of its oil and gas resources. This positioning may enhance its market value and stakeholder confidence, supported by agreements like the Gas Sales Precedent Agreement with AGDC.
Pantheon Resources announced its planned flow testing program for the Megrez-1 well, targeting multiple pay zones on Alaska’s North Slope. The tests aim to confirm reservoir properties and fluid compositions, with potential flow rates ranging from 200 to 2,000 barrels per day. Successful tests could significantly enhance Pantheon’s resource base and production potential, aligning with the company’s broader development strategy and potentially transforming its commercial prospects.
Pantheon Resources announced that it has exercised the option to increase the aggregate amount of its senior convertible bonds from $30.5 million to $35 million, with the additional funds to be used for working capital, expenses, and general administrative purposes. This financial move is expected to provide the company with the necessary resources to complete flow testing in the Megrez-1 well and prepare for future activities, potentially enhancing its operational capabilities and market positioning.
Pantheon Resources plc has announced the potential increase of its senior convertible bonds to US$35 million, with Sun Hung Kai & Co. Limited as the lead investor. This move aims to provide financial flexibility for working capital and operational expenses, particularly as the company prepares for flow testing at the Megrez-1 well, thereby reducing uncertainty and focusing on operational progress.
Pantheon Resources announced a significant board update, with Max Easley now effectively appointed as CEO. This appointment allows Executive Chairman David Hobbs to transition back to a Non-Executive Chairman role, which aligns with Pantheon’s commitment to enhancing corporate governance. The update is part of Pantheon’s broader strategy to strengthen leadership as it seeks to realize the potential of its Alaska North Slope projects, which are strategically positioned near key infrastructure, offering a competitive advantage in development time and costs.
Pantheon Resources plc announced an agreement to issue up to US$35 million in senior convertible bonds to Sun Hung Kai & Co. Limited, a Hong Kong-based financial institution. The proceeds will be used to repay existing bonds, fund flow testing for the Megrez-1 well, and for general corporate purposes. This move is expected to provide Pantheon with the necessary liquidity to progress its strategic goals and enhance its financial stability, particularly by removing the need for quarterly share issues to satisfy existing bond repayments.
Pantheon Resources plc has announced the appointment of Max Easley as the new Chief Executive Officer, a move that underscores the company’s strategic shift from exploration to development and production. Easley’s extensive experience in the oil and gas sector, particularly in the North Slope of Alaska and successful ventures in the Permian and Montney basins, positions Pantheon to capitalize on its advantageous location and substantial resource base to enhance shareholder value and regional economic benefits.
Pantheon Resources has announced the posting of its hard copy Annual Report and Accounts for the year ending June 30, 2024, along with the Notice of its Annual General Meeting (AGM) scheduled for March 12, 2025. This year’s AGM is delayed to incorporate a resolution for appointing Grant Thornton as the company’s auditor, aligning with Pantheon’s strategy for a US stock market listing. This strategic move is expected to bolster Pantheon’s financial footing and market presence, potentially impacting its stakeholders by streamlining operations and enhancing its competitiveness in the oil and gas sector.
Pantheon Resources announced that its Annual General Meeting (AGM) will be held on March 12, 2025. The meeting will be streamed online for shareholders and interested parties. This event is significant for Pantheon as it continues to engage stakeholders and communicate its strategic objectives for advancing the development of its oil and gas projects on Alaska’s North Slope. The company’s proximity to infrastructure and plans for future production into key pipelines underscores its competitive positioning in the industry.
Pantheon Resources announced an anticipated resource upgrade for the Ahpun field’s Eastern Topset based on preliminary analysis from the Megrez-1 well. The findings suggest a potential 15% – 50% increase in resource estimates, with significant implications for the company’s operations and industry positioning. The company plans to conduct flow tests and further analysis to validate these results, which could substantially enhance its resource base and competitiveness in the region.
Pantheon Resources announced promising initial results from the Megrez-1 well, indicating a larger hydrocarbon liquid column than previously estimated. This could lead to a potential 15%-50% increase in resource estimates for the Ahpun field. The company plans extensive flow testing in several oil horizons, which could reclassify resources as contingent, enhancing the commercial significance of the well. These developments may bolster Pantheon’s competitive position in the Alaskan oil market and provide significant upside potential for stakeholders.