Pantheon Resources overhauls management and looks to inject "new energy"

Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) told investors it is overhauling its board as it pauses material well activity during farm-in talks, with the Alaska-focused oil and gas group also saying available funds are sufficient for the rest of calendar 2026. The company said Michael Spencer will become chairman immediately after Thursday's AGM, replacing David Hobbs, who is stepping down from the board.