Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) rose another 3% as it confirmed it is in discussions with stakeholders about the supply of natural gas to consumers in south central Alaska.
In a short statement, Pantheon added that there is no guarantee that these discussions will lead to definitive agreements and the company's planning basis continues to rely upon the reinjection of all hydrocarbons that cannot be exported through the Trans-Alaska Pipeline System (TAPS) main oil line.
Pantheon has a 100% working interest in the Kodiak and Ahpun projects, collectively spanning 193,000 contiguous acres in close proximity to pipeline and transportation infrastructure on Alaska's North Slope.
Shares rose 0.84p to 29.48p.