Business
Interim Results for the Six Months Ended 31/12/18
Interim Results for the Six Months Ended 31/12/18.
About this update from Pantheon Resources Plc
[{"type":"text","content":"\n \nRNS Number : 2531U Pantheon Resources PLC 28 March 2019 \n\n \n28 March 2019\nPantheon Resources plc\nInterim Results for the Six Months Ended 31 December 2018\n \nPantheon Resources plc (\"Pantheon\" or \"the Company\"), the AIM-quoted oil and gas exploration company with working interests in several conventional project areas in Tyler and Polk Counties, onshore East Texas, as well as onshore North Slope of Alaska, announces its interim results for the six months ended 31 December 2018.\nHIGHLIGHTS\nAcquisition and post year end operational\nCompleted the acquisition of Great Bear Petroleum Ventures I LLC and Great Bear Petroleum Ventures II LLC (together, \"Great Bear\") in January 2019. The transaction added over 250,000 leased acres onshore North Slope of Alaska, covered by +1000 square miles of 3D seismic, which had a pre-drill estimated P50 Technically Recoverable Resource (Gross) of over 2 billion barrels oil. \nAcquired a controlling 66.6% ownership of Vision Gas Limited and Vision Resources LLC (together, \"Vision\") including its working interest in the VOS#1 well and associated Tyler County acreage. This transaction has allowed Pantheon to assume management control of the Vision entities.\nIn January 2019 completed an equity fundraising raising US$20.9m before expenses, issuing 108,335,266 shares at an issue price of £0.1525. &...