Pantheon announced that it is acquiring the 10.8% of the Talitha Unit it does not already own, bringing its interest to 100% in the unit. The vendor, Otto Energy Alaska, will be provided with 14,272,592 shares in Pantheon Resources as consideration. The company continues to drill ahead with the Talitha#A well. The transaction is value accretive for Pantheon and we increase our fair value estimate to 89p from 83p. As a reminder, our fair value estimate includes 25% of our successcase valuations i ....
19 Jan 2021
WHI Morning Comment: Pantheon Resources (PANR) - Acquiring 10.8% of Talitha Unit with Shares
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WHI Morning Comment: Pantheon Resources (PANR) - Acquiring 10.8% of Talitha Unit with Shares
Pantheon Resources plc (PANR:LON) | 32.7 -0.1 (-1.4%) | Mkt Cap: 309.0m
- Published:
19 Jan 2021 -
Author:
Brendan Long -
Pages:
5
Pantheon announced that it is acquiring the 10.8% of the Talitha Unit it does not already own, bringing its interest to 100% in the unit. The vendor, Otto Energy Alaska, will be provided with 14,272,592 shares in Pantheon Resources as consideration. The company continues to drill ahead with the Talitha#A well. The transaction is value accretive for Pantheon and we increase our fair value estimate to 89p from 83p. As a reminder, our fair value estimate includes 25% of our successcase valuations i ....