Pantheon Resources Reporting Deadline Extended To End Of March
Wed, 30th Dec 2020 10:46
(Alliance News) - Pantheon Resources PLC on Wednesday was granted a three-month extension to the deadline for filing its results for the year to the end of June, under AIM rules.
The oil & gas firm now has until the end of March 2021 to publish its results; however it expects to complete it by the end of January.
For the financial year, Pantheon expects to report a loss of USD17.0 million, compared to a profit of USD35.3 million the year before.
Part of the loss relates to impairment charges against the assets in East Texas, as the carrying value of the leases is written down to nothing, reflecting the group s decision to concentrate on its Alaska North Slope assets, and exit its East Texas operations.