RCS - Pantheon Resources - Presentation at Sidoti Small-Cap Conference

Pantheon ResourcesAnnouncement

26/11/2024 17:00

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RNS Number : 7448N  Pantheon Resources PLC  26 November 2024

26 November 2024

 

 

Pantheon Resources plc

Pantheon to Present at Sidoti Small-Cap Virtual Investor Conference on 4
December 2024

Pantheon Resources plc (AIM:PANR, OTCQX: PTHRF) ("Pantheon" or the "Company"),
an oil and gas company developing the Kodiak and Ahpun oil fields in close
proximity to pipeline and transportation infrastructure on Alaska's North
Slope, announces that management has been invited to present at the Sidoti
Small-Cap Investor Conference, being held between 4-5 December 2024.

Executive Chairman, David Hobbs, is scheduled to host virtual one-on-one
meetings with institutional investors throughout the event, and will host a
virtual presentation as follows:

Sidoti Small-Cap Conference
Date: Wednesday 4 December 2024

Time: 9:15 a.m. Eastern Time

Webcast: https://sidoti.zoom.us/webinar/register/WN_57BFClQKSCCbTwpbG-0Vvg
(https://sidoti.zoom.us/webinar/register/WN_57BFClQKSCCbTwpbG-0Vvg)

 

All interested media and investors are invited to join this online
presentation. Please join at least five minutes before the start of the
presentation to ensure timely participation.

 

A live audio webcast and archive of the presentation will be available using
the webcast link above. Registration is mandatory for conference
participation. For more information or to schedule a meeting with management,
please contact MZ Group at PTHRF@mzgroup.us.

 

For further information, please contact:

Corporate Contact
Pantheon Resources plc

+44 20 7484 5361
contact@pantheonresources.com (mailto:contact@pantheonresources.com)

Nominated Adviser and Broker

Canaccord Genuity Limited

Henry Fitzgerald-O'Connor, James Asensio, Charlie Hammond

+44 20 7523 8000

Public Relations Contact
BlytheRay

Tim Blythe, Megan Ray, Matthew Bowld

+44 20 7138 3204

Investor Relations Contact

MZ Group

Lucas Zimmerman, Ian Scargill

+1 949 259 4987
PTHRF@mzgroup.us (mailto:PTHRF@mzgroup.us)

About Pantheon Resources

Pantheon Resources plc is an AIM listed Oil & Gas company focused on
developing its 100% owned Ahpun and Kodiak fields located on State of Alaska
land on the North Slope, onshore USA. Independently certified best estimate
contingent recoverable resources attributable to these projects currently
total c. 1.6 billion barrels of ANS crude and 6.6 Tcf (trillion cubic feet) of
associated natural gas. The Company owns 100% working interest in c. 259,000
acres.

Pantheon's stated objective is to demonstrate sustainable market recognition
of a value of $5-$10/bbl of recoverable resources by end 2028. This is based
on bringing the Ahpun field forward to FID and producing into the TAPS main
oil line (ANS crude) by the end of 2028. The Gas Sales Precedent Agreement
signed with AGDC provides the potential for Pantheon's natural gas to be
produced into the proposed 807mile pipeline from the North Slope to
Southcentral Alaska during 2029. Once the Company achieves financial
self-sufficiency, it will apply the resultant cashflows to support the FID on
the Kodiak field planned, subject to regulatory approvals, targeted by the end
of 2028 or early 2029.

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 shorter development timeframes, materially lower
infrastructure costs and the ability to support the development with a
significantly lower pre-cashflow funding requirement than is typical in
Alaska. Furthermore, the low CO2 content of the associated gas allows export
into the planned natural gas pipeline from the North Slope to Southcentral
Alaska without significant pre-treatment.

The Company's project portfolio has been endorsed by world renowned experts.
Netherland, Sewell & Associates estimate a 2C contingent recoverable
resource in the Kodiak project that total 1,208 mmbbl (million barrels) of ANS
crude and 5,396 bcf (billion cubic feet) of natural gas. Cawley Gillespie
& Associates estimate 2C contingent recoverable resources for Ahpun's
western topset horizons at 282 mmbbl of ANS crude and 803 bcf of natural gas.
Lee Keeling & Associates estimated possible reserves and 2C contingent
recoverable resources totalling 79 mmbbl of ANS crude and 424 bcf natural gas.

For more information visit www.pantheonresources.com
(http://www.pantheonresources.com) .

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