Pantheon Resources sitting on "enormous potential" - Proactive Research Analyst
December 19, 2023 at 07:20 am EST
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Proactive research analyst Manos Halicioglu speaks to Thomas Warner from Proactive after publishing a research note on North Slope of Alaska-focused oil & gas company Pantheon Resources, which has 100% working interest in 153,000 highly prospective acres with potential for multi billion barrels of oil recoverable.
Halicioglu says Pantheon Resources has been making headlines with its Kodiak and Ahpun oil projects, covering an impressive 160,000 acres and boasting an estimated 1.481 billion barrels of recoverable oil. The company's 100% working interest and commitment to sustainable development are key factors in their strategic growth trajectory.
They aim for a market value of $5-10 per barrel by 2028, supported by a substantial $25 billion phased investment. Halicioglu notes an anticipated 337% return, translating to an impressive annual rate of around 34% in the competitive oil and gas sector.
Pantheon's consistent revenue growth and robust asset base, coupled with strategic investments and financial acumen, position them strongly in the $5.3 trillion global oil and gas exploration and production market. However, risks such as liquidity challenges and broader market dynamics like regulatory changes and global economic factors were also discussed.
Despite these concerns, Halicioglu says Pantheon's solid financial performance and market position somewhat mitigate these risks. Key to Halicioglu's valuation is the absolute valuation approach, considering intrinsic value for long-term investment analysis.
This method offers a comprehensive view of Pantheon's worth, considering its assets, market position, and growth prospects, providing a clear picture for potential investors. For more details, Halicioglu's full report is accessible via a link provided in the interview.
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Pantheon Resources plc is a United Kingdom-based oil and gas company. The Company has a 100% working interest in the Kodiak and Ahpun projects, collectively spanning about 193,000 contiguous acres in close proximity to pipeline and transportation infrastructure on Alaska's North Slope (ANS). Its primary assets are two oilfields known as Ahpun and Kodiak, which are the discovered oil projects across the discovery and appraisal wells of Pipeline State, Alkaid-1, Talitha-A, Theta West-1 and Alkaid-2. The Ahpun Field underlies the Alkaid and Talitha Units and incorporates the oil reservoirs between the regional top seal and the deeper Hue Shale. Kodiak Field underlies the Theta West/Chimney areas and the Talitha Unit and is effectively one basin floor below the Hue Shale and above the HRZ shale. These assets are immediately underneath and adjacent to the Trans Alaska Pipeline System (TAPS) main oil line and the Dalton Highway.