Pantheon Resources PLC Announces Operational Update and Change of Accounting Date

Rhea-AI Summary

Pantheon Resources (OTC: PTHRF) provided an operational update and changed its accounting reference date from 30 June to 31 December with immediate effect. The company reported ongoing farm-out discussions with multiple parties in the data room and expects a market update before the end of summer.

The revised reporting timetable sets interim results for the 6-months to 30 June 2026 by 30 September 2026 and audited results for the extended 18-month period to 31 December 2026 by 30 June 2027.

Positive

• Accounting reference date changed to 31 December, aligning reporting with calendar year
• Clear reporting timetable: unaudited 6-month results by 30 Sept 2026 and audited 18-month results by 30 Jun 2027
• Ongoing farm-out engagement: multiple organisations remain active in the data room

Negative

• Farm-out discussions are complex with no rapid outcome expected, creating timing uncertainty for material progress
• Extended reporting period (18 months) may delay audited full-year clarity until 30 June 2027

News Market Reaction – PTHRF

-7.57%

-7.57% Session close to close

In the Apr 23 session, PTHRF declined 7.57%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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Operational Update and Change of Accounting Reference Date

LONDON, UK / ACCESS Newswire / April 23, 2026 / Pantheon Resources plc ("Pantheon" or the "Company"), the oil and gas company developing the Kodiak and Ahpun projects on Alaska's North Slope, is pleased to provide the following updates:

Operational Update

Since the AGM and Board changes in March, the Chairman and CEO of Pantheon have been almost exclusively focused on farm-out discussions for the Company. There is currently a number of different organisations of varying sizes in the data room with the majority remaining actively engaged and a number of additional companies continue to express interest in engaging.

These discussions are complex and a rapid outcome should not be expected but progress is being made. The Board is encouraged by the level of ongoing engagement, and the Company currently anticipates providing an update to the market before the end of the summer.

Change of Accounting Reference Date and Reporting Calendar

The Company announces that it has resolved to change the accounting reference date from 30 June to 31 December, with immediate effect.

As a result of the change, the Company will adhere to the following reporting timetable:

• Publication of its unaudited interim financial results for the 6-month period ending 30 June 2026 by 30 September 2026

• Publication of its audited results for the 18-month period to 31 December 2026 by 30 June 2027

• Publication of its unaudited interim financial results for the 6-month period ending 30 June 2027 by 30 September 2027

• Publication of its audited results for the 12-month period to 31 December 2027 by 30 June 2028

The Company believes this change will achieve a number of benefits including better alignment with internal planning and budgeting systems which operate on a calendar year basis, and to better align it with U.S. and U.K. tax regulatory timetables, improving efficiencies in tax compliance and in administration thereof.

Further information:

Pantheon Resources plc
Max Easley, CEO Justin Hondris, SVP, Investor Relations
Canaccord Genuity Limited (Nominated Adviser, and Joint Broker)
Henry Fitzgerald-O'Connor Charlie Hammond	+44 20 7523 8000
BlytheRay (Corporate Communications)	+44 20 7138 3204
Tim Blythe Megan Ray Matthew Bowld

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Pantheon Resources PLC

View the original press release on ACCESS Newswire

FAQ

What accounting reference date change did Pantheon Resources (PTHRF) announce on April 23, 2026?

The company changed its accounting reference date from 30 June to 31 December, effective immediately. According to the company, this aligns reporting with calendar-year planning and tax timetables to improve administrative and tax compliance efficiencies.

When will Pantheon Resources (PTHRF) publish its unaudited interim results for the period ending 30 June 2026?

Pantheon will publish unaudited interim results for the 6-month period ending 30 June 2026 by 30 September 2026. According to the company, this is part of a revised reporting timetable after changing the accounting reference date.

What is the timing for Pantheon Resources (PTHRF) audited results after the accounting date change?

The audited results for the 18-month period to 31 December 2026 are expected by 30 June 2027. According to the company, this reflects the transition from a June year end to a December year end.

What progress did Pantheon Resources (PTHRF) report on farm-out discussions for Kodiak and Ahpun?

The company reported multiple organisations are active in the data room and additional parties have expressed interest. According to the company, discussions are progressing but are complex and a rapid outcome should not be expected.

How will Pantheon Resources' (PTHRF) reporting calendar look for 2027 after the change?

Pantheon will publish unaudited interim results for the 6 months to 30 June 2027 by 30 September 2027 and audited results for the 12 months to 31 December 2027 by 30 June 2028. According to the company, this aligns filings with calendar-year cycles.