Pantheon Resources
PANR · AIM · Energy · mcap £159m · 10.4p
Pantheon Resources owns oil and gas leases on Alaska's North Slope, mainly the Ahpun and Kodiak projects. It has no production yet and funds itself through share issues and convertible bonds.
Mixed 1 Oct 2026
CEO Easley replaced by David Wilkins; board overhauled in 2026New chair and CEO on low base pay with share awards, after Dubhe-1 disappointment and cost cuts. 1 Oct 2026 12 Mar 2026
Mixed 14 Sep 2026
Farm-out with ten active parties; board rejected one firm proposal as undervaluingPossible transaction or partner could crystallise asset value, but timing is uncertain and cash is short. 14 Sep 2026
Negative 14 Sep 2026
Cash fell to $5.5m by 11 Sept 2026; further raise of up to $15m flaggedCash runway only to around year-end absent new funds; dilution risk at low share price. 14 Sep 2026
Positive 10 Jun 2026
Chair Michael Spencer bought CFDs over 5m shares; director Wilkins bought 2.25m sharesInsider buying in June 2026 at 14-16p after share price fell sharply from 2025 levels. 10 Jun 2026 4 Jun 2026
- 2026-01-15 placing · $10m – Placing of 106.2m shares at 7.0p for Dubhe-1 testing and Kodiak seismic 15 Jan 2026
- 2025-12-15 debt refinancing · $2.45m – Final quarterly principal repayment settled in shares, Heights bond fully repaid 15 Dec 2025
- 2025-09-11 placing · $30m – Placing and subscription at 25 pence per share 11 Sep 2025
- 2025-07-07 placing · $16.25m – Placing and subscription at 21.15p; part used to prepay bonds 7 Jul 2025
- 2025-03-25 debt refinancing · $35m – Closed 5% convertible bonds due March 2028 with Sun Hung Kai 25 Mar 2025
From the company's own announcements · not investment advice
Company filings. Not investment advice.