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An announcement from Pantheon Resources ( (GB:PANR) ) is now available.
Pantheon Resources announced the successful completion of hydraulic fracture stimulation on the Dubhe-1 well, part of its Kodiak and Ahpun projects on Alaska’s North Slope. The operation, involving 25 stages over eight days, was executed without incidents, marking a significant step forward in the company’s development plans. The well is now being prepared for clean-up and production testing, with further updates expected as the program progresses. This achievement enhances Pantheon’s operational capabilities and confidence in meeting its future production objectives.
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 plc is an AIM-listed oil and gas company focused on developing its 100% owned Ahpun and Kodiak fields located on State of Alaska land on the North Slope, onshore USA. The company has independently certified best estimate contingent recoverable resources totaling approximately 1.6 billion barrels of ANS crude and 6.6 Tcf of associated natural gas. Pantheon aims to demonstrate sustainable market recognition of a value of approximately $5 of recoverable resources by the end of 2028, leveraging its proximity to existing infrastructure for competitive advantage.
Average Trading Volume: 8,412,281
Technical Sentiment Signal: Sell
Current Market Cap: £333.7M
Find detailed analytics on PANR stock on TipRanks’ Stock Analysis page.
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