Pantheon Resources PLC (AIM:PANR, OTC:PTHRF) (Pantheon Resources PLC (AIM:PANR, OTC:PTHRF), Pantheon Resources PLC (AIM:PANR, OTC:PTHRF)) Jay Cheatham, chief executive, joins Proactive London to talk about receiving overall formal approval for plans to develop the Theta west and Taltiha projects on Alaska’s North Slope.
Last week, Pantheon raised around US$96mln of new funds comprising US$41mln of equity, via an oversubscribed placing, and US$55mln of convertible bond and this gave it an option for an additional well at Alkaid.
He says they are pleased to receive formal approval of our Plans of Operations at Theta West and Talitha and continue to work closely with the State of Alaska to finalise the remaining applications.