Pantheon Resources Plc
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- George Washington Easley
- Full Time Employees
- 12
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- Golden Cross House London United Kingdom WC2N 4JF
- IPO Date
- Jul 8, 2013
- Website
- pantheonresources.com
- Similar Companies
- Business
- Pantheon Resources plc is an independent oil and gas exploration, appraisal, and development company headquartered in Houston, Texas, with its primary operations on the Alaska North Slope in the United States. Founded to focus on energy resource development, Pantheon holds a 100% working interest in approximately 259,000 acres of state land, encompassing the Ahpun and Kodiak oil fields. The company’s core products and services include exploration and development of crude oil and associated natural gas resources, with independently certified contingent recoverable resources totaling approximately 1.6 billion barrels of Alaska North Slope crude and 6.6 trillion cubic feet of associated natural gas. Pantheon actively develops multiple high-impact fields on the Alaska North Slope, focusing on the Ahpun field, located adjacent to the Trans Alaska Pipeline System and Dalton Highway, targeting first production by late 2028. The company is advancing appraisal and production testing activities, including the ongoing Dubhe-1 well in Alaska, which is a key catalyst in its development strategy. Pantheon’s portfolio includes conventional targets across multiple geological plays with significant oil and gas potential. The company sells natural gas under a Gas Sales Precedent Agreement with Alaska Gasline Development Corporation (AGDC), committing to supply up to 500 million cubic feet of gas daily to support the proposed Alaska LNG pipeline infrastructure project. Recent significant developments include strategic partnerships such as the gas sales agreement with AGDC signed in June 2024, which enables commercial gas sales via a proposed 807-mile pipeline from the North Slope to Southcentral Alaska. This agreement underpins financing capacity for the company’s development activities at Ahpun and supports reducing gas disposal costs. Pantheon also raised approximately $30 million in September 2025 to fund operational activities at Dubhe-1, development planning for Ahpun, gas monetization efforts, a potential US stock exchange listing, and general corporate purposes. Operational highlights include the drilling and testing of wells such as Megrez-1 and Dubhe-1, board changes including the appointment of a new CFO, and receipt of multiple independent expert reports confirming resource estimates. The company is transitioning from exploration toward commercial development with a strategic focus on achieving financial self-sufficiency by 2028 to support full-field investment decisions. Pantheon Resources operates primarily within the oil and gas industry, targeting state land on the Alaska North Slope with projects positioned for logistical advantage near existing pipeline and transportation infrastructure. It serves energy markets in North America with potential expanded reach through Alaska LNG project development. The company is listed on London's AIM market and trades on the OTCQX market in the United States under the ticker PTHRF. In summary, Pantheon Resources plc is a development-focused oil and gas company advancing significant Alaskan resource projects through strategic gas sales agreements, ongoing well development, and capital raising, positioning itself for production ramp-up and market supply in the near to medium term. Its latest corporate activities demonstrate progress toward monetizing its substantial oil and gas assets, supported by institutional backing and strong alignment with state infrastructure initiatives.
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