Pantheon resources plc (aim:panr) executed agreement to acquire additional 25% stake in six leases on the north slope of alaska from halliburton company (nyse:hal).

Pantheon resources plc (aim:panr) executed agreement to acquire additional 25% stake in six leases on the north slope of alaska from halliburton company (nyse:hal) on october 17, 2019. as a result of the transaction, pantheon resources plc will hold 100% working interest in the 22,804 acres that make up the alkaid/phecda project, and 92% working interest in two additional adjacent leases comprising 11,367 gross acres. the transaction is subject to a customary approval process by the state of alaska department of natural resources. paul shackleton and daniel gee-summons of arden partners plc acted as financial advisors and brokers for pantheon resources plc.
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