RCS - Pantheon Resources - Investor Presentation Webinar

Pantheon ResourcesAnnouncement

08/09/2023 08:30

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RNS Number : 8569L  Pantheon Resources PLC  08 September 2023

 

 

 

8 September, 2023

Pantheon Resources Plc

Investor Presentation Webinar via Investor Meet Company

 

Pantheon Resources plc ("Pantheon" or the "Company"), is pleased to announce
that it has scheduled a webinar to provide a live presentation relating to
the Kodiak Field via Investor Meet Company on 14th Sep 2023 at 5:00pm BST.

 

The presentation is open to all existing and potential shareholders. Questions
can be submitted pre-event via your Investor Meet Company dashboard up until
9am the day before the meeting or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to
meet Pantheon Resources plc via:

https://www.investormeetcompany.com/pantheon-resources-plc/register-investor
(https://www.investormeetcompany.com/pantheon-resources-plc/register-investor)

Investors who already follow Pantheon Resources plc on the Investor Meet
Company platform will automatically be invited.

 

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. Management estimates these fields to produce Expected Ultimate
Recovery of contingent resources amounting to some 2 billion barrels of
marketable liquids to be delivered through the 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 preparation of an Independent Expert Report for the Ahpun
Field.

 

 

 

 

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