Is there a way to make honey roasted peanuts without using an oven?

The problem is that in an oven you will get a more even heat across your nuts. In a pan it will get too much heat on the side of your nuts that are touching the pan since the pan in so close to the fire. No matter what recipe, you will have to preheat the oven. All in all it would be a better idea to put your nuts in the oven.