RCS - Pantheon Resources - Investor Presentation via Investor Meet Company

Pantheon ResourcesAnnouncement

15/11/2023 14:00

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RNS Number : 5897T  Pantheon Resources PLC  15 November 2023

 

 

 

15 November 2023

Pantheon Resources Plc

Investor Presentation via Investor Meet Company

 

Pantheon Resources plc ("Pantheon" or the "Company"), the oil and gas company
with a 100% working interest in the Kodiak and Ahpun projects, collectively
spanning 193,000 contiguous acres in close proximity to pipeline and
transportation infrastructure on Alaska's North Slope, confirms that as
previously announced, David Hobbs, Executive Chairman, and Jay Cheatham,
CEO, will provide a live update on the Company's Strategy and Operations
via Investor Meet Company on Tuesday 21st November 2023, at 5:00pm GMT.

 

The presentation is open to all existing and potential shareholders.
Registration details can be accessed at:
https://www.investormeetcompany.com/pantheon-resources-plc/register-investor
(https://www.investormeetcompany.com/pantheon-resources-plc/register-investor)
 

Questions can be submitted pre-event up until 9am the day before the meeting
or at any time during the live presentation.

For regulatory and compliance reasons, Pantheon will not engage on social
media and any questions that investors or others may have outside of a
scheduled webinar should be addressed to contact@pantheonresources.com
(mailto:contact@pantheonresources.com)  where your questions will be
responded to in a timely manner.

 

-Ends-

 

 Further information:

 Pantheon Resources plc
 Jay Cheatham, CEO                                            +44 20 7484 5361

 David Hobbs, Executive Chairman
 Justin Hondris, Director, Finance and Corporate Development

 Canaccord Genuity Limited (Nominated Adviser and broker)
 Henry Fitzgerald-O'Connor, Gordon Hamilton                   +44 20 7523 8000

 BlytheRay
 Tim Blythe, Megan Ray, Matthew Bowld                         +44 20 7138 3204

 

Notes to Editors

 

Pantheon Resources plc is an AIM listed Oil & Gas company focused on
developing the Ahpun and Kodiak fields located on state land on the Alaska
North Slope ("ANS"), onshore USA where it has a 100% working interest in
193,000 acres. Certified contingent resources attributable to these projects
exceeds 1 billion barrels of marketable liquids, located adjacent to Alaska's
Trans Alaska Pipeline System ("TAPS").

 

Pantheon's stated objective is to demonstrate sustainable market recognition
of a value of $5-$10/bbl of recoverable resources by end 2028. This will
require targeting Final Investment Decision ("FID") on the Ahpun field by the
end of 2025, building production to 20,000 barrels per day of marketable
liquids into the TAPS main oil line, and applying the resultant cashflows to
support the FID on the Kodiak field by the end of 2028.

 

A major differentiator to other ANS projects is the close proximity to
existing roads and pipelines which offers a significant competitive advantage
to Pantheon, allowing for materially lower infrastructure costs and the
ability to support the development with a significantly lower pre-cashflow
funding requirement than is typical in Alaska.

 

The Company's project portfolio has been endorsed by world renowned experts.
Netherland, Sewell & Associates ("NSAI") estimate a 2C contingent
recoverable resource in the Kodiak project that total 962.5 million barrels of
marketable liquids and 4,465 billion cubic feet of natural gas. NSAI is
currently working on estimates for the Ahpun Field.

 

 

 

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