Pantheon Resources expects summertime farm-out update as talks continue with multiple parties

Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) said it expects to update the market on its farm-out process before the end of the summer, as management continues talks with a range of potential counterparties over its Alaska assets. The oil and gas group said its chairman and chief executive have been focused almost exclusively on farm-out discussions since the AGM and board changes in March.