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.
| Target | Promise | Said | Status |
|---|---|---|---|
| 2024 | |||
| Q4 2024 | Spud Megrez-1 in Q4 2024 and conduct extended testing if successful | 25 Jul 2024 | ◐ Partly kept |
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Also stated 12 Aug 2024
Status so far
Megrez-1 spudded November 2024, but testing produced water and no recoverable oil. “Pantheon Resources plc (AIM:PANR, OTCQX: PTHRF) (”11 Nov 2024 · Spudding of Megrez-1 well “The well produced at a rate in excess of 2,000 barrels of liquid per day, with no appreciable quantities of oil or gas recovered.”21 May 2025 · Further Results from the Flow Testing of Megrez-1 |
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