REG - Pantheon Resources - Alaska Legislature Appearance & Op. Update

Pantheon ResourcesAnnouncement

Tue 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260602:nRSB5493Ga&default-theme=true

RNS Number : 5493G  Pantheon Resources PLC  02 June 2026

 

 

 

02 June 2026

 

Pantheon Resources plc

 

Appearance at Alaska Legislature Special Session and Operational Update

 

Pantheon Resources plc ("Pantheon" or the "Company"), the oil and gas company
developing the Kodiak and Ahpun projects on Alaska's North Slope, is pleased
to report that it was asked to join other North Slope producers before the
Alaska Legislature's House Finance Committee ("the Committee") late last week,
to provide an overview of the Company's projects and their potential to
provide natural gas to the proposed natural gas pipeline being pursued by The
Glenfarne Group and the State of Alaska (the "AK LNG Project").

 

The Legislature is currently in a Special Session focused exclusively on a tax
relief package sponsored by the Governor to support the AK LNG Project. The
Company joined ExxonMobil, ConocoPhillips, and Hilcorp as invited testimony
from the proposed gas suppliers to the AK LNG Project.

 

Pantheon's session before the Committee included a discussion of the gas
supply potential of its Kodiak and Ahpun projects, the advantageous low CO2
composition of its gas and the Company's ability and willingness to offer its
gas at a relatively low price to improve the economics behind the AK LNG
Project, particularly Phase 1 of the project which is intended to provide
those in Southcentral Alaska with a reliable supply of natural gas at the
lowest cost possible as they are facing a looming energy supply shortage.

 

A copy of the presentation can be found in the 'Presentations' section of the
Company website. A recording of the session can be accessed through the
following hyperlink

https://www.ktoo.org/gavel/video/?clientID=2147483647&eventID=2026051259
(https://www.ktoo.org/gavel/video/?clientID=2147483647&eventID=2026051259)
beginning at approximately 02:51:00 mark.

 

 

Operational Update

 

Pantheon continues to actively pursue all available strategic options to
maximise value from its projects and confirms that the farm-out initiatives
remain underway, with multiple parties engaged in the data room. As previously
reported, such discussions are complex by nature, requiring extensive due
diligence, and as such, a rapid outcome should not be expected, however
progress is being made and the Company anticipates providing an update to the
market before the end of summer.

 

 

 

- Ends -

 

For more information:

 

 H/Advisors                                pantheonresources@h-advisors.global

 Olly Scott                                +44 (0)78 1234 5205

 Genevieve Ryan                            +44 (0)79 0308 8779

 Pantheon Resources plc                    c/o H/Advisors

 Max Easley, Chief Executive Officer

 Justin Hondris, SVP, Investor Relations

 Canaccord Genuity Limited                 +44 20 7523 8000

 (Nominated Adviser, and Joint Broker)

 Henry Fitzgerald-O'Connor

 Charlie Hammond

 Oak Securities                             +44 20 3973 3678

 (Joint Broker)

 Jerry Keen

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDAKDBPKBKBAAK



            Copyright 2019 Regulatory News Service, all rights reserved