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Pantheon makes Alaska debut through $49 million buy

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London-listed Pantheon Resources is expanding beyond East Texas through the $49 million acquisition of Great Bear Petroleum, which has ~250,000 leased acres onshore North Slope of Alaska that are estimated to hold 2 Bbo of estimated P50 resources. “With the proposed acquisition of Great Bear, Pantheon will transform itself into a major player on the North Slope of Alaska, where over 4 Bbo of oil discoveries have been announced in the past two years,”......
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