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.
@PantheonResour1 confirms that it is in discussions with stakeholders about the potential to supply natural gas to consumers in South Central Alaska. There can be no guarantee that these discussions will lead to definitive agreements and #PANR's planning basis continues to rely… https://t.co/Cps3kk3UJj pic.twitter.com/TVpVzqkZdj
— Share_Talk ™ (@Share_Talk) March 5, 2024
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.
