Pantheon Resources Plc with ticker (LON:PANR) now has a potential upside of 38.2% according to Canaccord Genuity.
Canaccord Genuity set a target price of 220 GBX for the company, which when compared to the Pantheon Resources Plc share price of 136 GBX at opening today (16/02/2022) indicates a potential upside of 38.2%. Trading has ranged between 18 (52 week low) and 146 (52 week high) with an average of 6,668,794 shares exchanging hands daily. The market capitalisation at the time of writing is £999,523,450.
Pantheon Resources PLC is a United Kingdom-based oil and gas exploration and production company. The Company is principally engaged in investing in oil and gas exploration and development. The Company holds 100% working interest in a portfolio of high impact oil projects focused on the Alaskan North Slope spanning over 153,000 acres. The Theta West play is the Company’s target and being exploited in North Alaska outside of Prudhoe Bay. The Company has contracted the services of the Nordic-Calista No.3 rig and crew. The contract secures the use of Rig #3 for two new wells; one at Theta West and one at Alkaid, with Talitha #A.
Pantheon Resources Plc 38.2% potential upside indicated by Canaccord Genuity
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- Written by: Charlotte Edwards
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Pantheon Resources plc provides an update on its funding strategy, including a quarterly bond payment and a private placement to support its oil and gas projects.
