Pantheon Resources (AIM:PANR), the oil and gas company developing the Kodiak and Ahpun projects on Alaska's North Slope, is focused on farm-out discussions with multiple parties and expects to provide an update to the market before the end of the summer.
The board says several organisations of varying sizes remain active in the data room and additional companies continue to express interest, but the discussions are complex and a rapid outcome should not be expected.
Pantheon also noted on Thursday that it has changed its accounting reference date from 30 June to 31 December with immediate effect and will publish unaudited interim results for the six months to 30 June by 30 September and audited results for the extended 18-month period to 31 December by 30 June 2027.
The change is intended to align reporting with the company's calendar-year planning and with US and UK tax timetables, improving efficiencies in tax compliance and administration.
The next financial milestone is publication of the interim results for the six months to 30 June by 30 September.
