Pantheon Resources experienced a 3% increase in share value following its announcement of ongoing talks with stakeholders about providing natural gas to consumers in south-central Alaska.
In their brief announcement, Pantheon clarified that these negotiations might not necessarily result in concrete agreements. The company also mentioned that its current plans are based on the reinjection of all hydrocarbons that are not exportable via the Trans-Alaska Pipeline System (TAPS) main oil line.
Pantheon holds full working interest in both the Kodiak and Ahpun projects, which cover a combined area of 193,000 acres. These projects are conveniently situated near pipeline and transport facilities on Alaska’s North Slope.
The company’s share price increased by 0.84p, reaching 29.48p.
