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Pantheon Resources PLC Announces Unaudited Interim Results

1. Pantheon Resources reports strong drilling results, exceeding expectations for Megrez-1. 2. New CEO Max Easley aims to advance Alaskan oil projects significantly.

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Why Bullish?

The successful drilling results may indicate increased oil production, positively influencing USD through strengthened energy sector. Historical trends suggest that successful energy projects often lead to improved USD valuation due to increased trade and investment inflow.

How important is it?

The article showcases significant operational achievements that can drive investor confidence in the energy sector, impacting USD due to its relation with oil prices and production levels. Energy companies are critical to the U.S. economy, making this news particularly influential.

Why Short Term?

The immediate market response is likely, as strong drilling results can quickly impact investor sentiment and stock prices. Recent examples, such as the positive market response to U.S. oil production increases, demonstrate this effect.

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Interim Results (unaudited) for the six months ended 31 December 2024 LONDON, UNITED KINGDOM / ACCESS Newswire / March 24, 2025 / Pantheon Resources plc (AIM:PANR) ("Pantheon" or "the Company"), the oil and gas company with a 100% working interest in the Kodiak and Ahpun projects, collectively spanning 258,000 contiguous acres in close proximity to pipeline and transportation infrastructure on Alaska's North Slope, announces its interim results for the six months ended 31 December 2024 (the "Period"), together with operational highlights for the half year and the period beyond. Highlights Operational and Corporate Appointed accomplished energy executive Max Easley as Chief Executive Officer, succeeding Jay Cheatham Drilled the Megrez-1 test well as an appraisal of the Ahpun East project area - Megrez-1 exceeded pre-drill expectations with total of 1,340 ft of interpreted net pay.

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