RCS - Pantheon Resources - Pantheon Presenting at OTC Oil and Gas Conference

Pantheon ResourcesAnnouncement

18/10/2023 07:00

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RNS Number : 4489Q  Pantheon Resources PLC  18 October 2023

Pantheon Resources plc to Present at the Oil and Gas Virtual Investor
Conference October 19th

 

Company invites individual and institutional investors, as well as advisors
and analysts, to attend in person or online at VirtualInvestorConferences.com

 

London, October 18, 2023 - Pantheon Resources plc (AIM:PANR, OTCQX:PTHRF),
the oil and gas company focused on Alaska's North Slope, where it has a 100%
interest in its Kodiak and Aphun projects which have over 1 billion barrels of
independently certified contingent resource, spanning 193,000 acres located
immediately adjacent to the Trans Alaskan Pipeline System, announces that
David Hobbs, Chairman, and Jay Cheatham, CEO, will present live at the Oil and
Gas Virtual Investor Conference, hosted by VirtualInvestorConferences.com, on
October 19(th), 2023.

 

DATE: October 19(th), 2023

TIME: 12:00 - 12:30 PM ET

LINK: https://bit.ly/3r2hTVs (https://bit.ly/3r2hTVs)

Available for 1x1 meetings: October 19-20 and October 23-24

 

This will be a live, interactive online event where investors are invited to
ask the company

questions in real-time. If attendees are not able to join the event live on
the day of the

conference, an archived webcast will also be made available after the event.

 

It is recommended that online investors pre-register and run the online system
check to expedite participation and receive event updates.

 

Learn more about the event at www.virtualinvestorconferences.com
(http://www.virtualinvestorconferences.com) .

 

 

Recent Company Highlights

 

·    Refocused Company strategy announced in Q2 2023, in which the Company
aims to demonstrate sustainable market recognition of a value of 5-$10/bbl of
recoverable resources by end 2028 whilst minimising value dilution to
shareholders

·    Receipt of Independent Expert Report from Netherland, Sewell &
Associates, confirming 2C estimates of nearly 1 billion barrels of marketable
liquids at the Kodiak Project.

·    Concluding a flow test following deployment of revised frac design on
Alkaid-2 re-entry

 

 

About Pantheon Resources

 

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.

 

About Virtual Investor Conferences®

Virtual Investor Conferences (VIC) is the leading proprietary investor
conference series that provides an interactive forum for publicly traded
companies to seamlessly present directly to investors.

 

Providing a real-time investor engagement solution, VIC is specifically
designed to offer companies more efficient investor access.  Replicating the
components of an on-site investor conference, VIC offers companies enhanced
capabilities to connect with investors, schedule targeted one-on-one meetings
and enhance their presentations with dynamic video content. Accelerating the
next level of investor engagement, Virtual Investor Conferences delivers
leading investor communications to a global network of retail and
institutional investors.

 

 

CONTACTS:

 

 Pantheon Resources plc                                       +44 20 7484 5361
 David Hobbs, Executive Chairman

 Jay Cheatham, CEO
 Justin Hondris, Director, Finance and Corporate Development

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

 Virtual Investor Conferences

 John M. Viglotti

 SVP Corporate Services, Investor Access

 OTC Markets Group

 (212) 220-2221

 johnv@otcmarkets.com

 

 

 

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