Pantheon Acquires Final 25% Working Interest in Alkaid, Phecda Prospects -- Deal Digest

Date : 10/17/2019 @ 9:04AM
Source : Dow Jones News
Stock : Halliburton Co (HAL)
Quote : 21.65  -1.45 (-6.28%) @ 12:15AM
After Hours
Last Trade
Last $ 21.65 ◊ 0.00 (0.00%)

Pantheon Acquires Final 25% Working Interest in Alkaid, Phecda Prospects -- Deal Digest

Pantheon Resources (LSE:PANR)
Historical Stock Chart

6 Months : From Jul 2019 to Jan 2020

Click Here for more Pantheon Resources Charts.

By Adriano Marchese


ACQUIRER: Pantheon Resources PLC (PANR.LN).

SELLER: Halliburton Co. (HAL).

TARGET: 25% working interest in the six leases jointly held with Pantheon on the North Slope of Alaska.

PRICE: Pantheon will accept full responsibility for all future lease obligations.

RATIONALE: The company said that upon the conclusion of this transaction which will bring its ownership in the Alkaid/Phecda project to 100%, and it will now hold a 90% to 100% working interest in around 177,000 gross acres containing potential for 1.2 billion barrels of oil recoverable, located in close proximity to the North Slope of Alaska's major highway and pipeline infrastructure.

STOCK MOVE: At 0824 GMT, shares are up 0.4 pence, or 2.4%, at 17.4 pence.


Write to Adriano Marchese at


(END) Dow Jones Newswires

October 17, 2019 04:49 ET (08:49 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Latest HAL Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts

Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.