Pantheon Resources Shares Rise As Stephen Beetham Increases Holdings

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Shares in AIM-quoted Pantheon Resources rose almost 3% in afternoon trading as speculator Stephen Beetham increased his holding in the company to circa 9,000,000 shares (3.8% of the total shares in issue).

Beetham’s move comes as Pantheon shareholders await news on a potential farm-out of it’s Polk county acreage.

Pantheons’ “West AA” prospect and “Prospect D” in Polk county, East Texas, hold over 50mboe of P50 resource net to Pantheon.

Beetham initially made his fortune from property development and appeared on the 2008 Sunday Times Rich List.

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