Pantheon Resources (PANR)

Sector:

Energy Producers

Index:

FTSE AIM 50

101.50p
   
  • Change Today:
      0.50p
  • 52 Week High: 149.50
  • 52 Week Low: 29.13
  • Currency: UK Pounds
  • Shares Issued: 760.51m
  • Volume: 2,956,106
  • Market Cap: £771.91m
  • RiskGrade: 361

Pantheon completes 'significantly oversubscribed' $41m fundraise

By Josh White

Date: Wednesday 08 Dec 2021

LONDON (ShareCast) - (Sharecast News) - Alaska-focussed oil and gas company Pantheon Resources said on Wednesday that its equity fundraise was "significantly oversubscribed" and, having taken into account the strong support from existing and new investors, it had decided to increase its size to $38m.
The AIM-traded firm said that in addition, $3m was raised through the retail offer.

As a result, total gross proceeds of about $41m had been raised, with a total of 47,637,583 new shares placed and subscribed for at a price of 65p each.

The company said the additional funds raised would be used on further development of its asset portfolio, which could include additional drilling, testing and completion, and the strengthening of its balance sheet ahead of future farm-out or financing negotiations.

In addition, Pantheon said it intended to increase the principal amount of the convertible bonds to $55m from $50m under the terms of the bond documents.

The issue of the convertible bonds was expected to be completed on the business day following admission at the latest.

As part of the placing, the convertible bond investor increased its subscription to $3m.

At 1534 GMT, shares in Pantheon Resources were down 9.75% at 68.5p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

PANR Market Data

Currency UK Pounds
Share Price 101.50p
Change Today 0.50p
% Change 0.50 %
52 Week High 149.50
52 Week Low 29.13
Volume 2,956,106
Shares Issued 760.51m
Market Cap £771.91m
RiskGrade 361

PANR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
24.05% below the market average24.05% below the market average24.05% below the market average24.05% below the market average24.05% below the market average
80% below the sector average80% below the sector average80% below the sector average80% below the sector average80% below the sector average
Price Trend
98.33% above the market average98.33% above the market average98.33% above the market average98.33% above the market average98.33% above the market average
83.91% above the sector average83.91% above the sector average83.91% above the sector average83.91% above the sector average83.91% above the sector average
Income Not Available
Growth Not Available

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 1
Total 2
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PANR Dividends

No dividends found

Trades for 27-May-2022

Time Volume / Share Price
17:05 5,000 @ 101.50p
16:37 200,000 @ 100.42p
16:35 179,593 @ 101.50p
16:29 307 @ 102.10p
16:29 498 @ 102.10p

PANR Key Personnel

CEO John Bishop Cheatham

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