REG - Pantheon Resources - New Executive Team Appointments

Pantheon ResourcesAnnouncement

09/06/2025 07:10

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RNS Number : 9728L  Pantheon Resources PLC  09 June 2025

 

9 June, 2025

Pantheon Resources plc

 Pantheon Announces New Executive Team Appointments

Pantheon Resources plc (AIM: PANR) ("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, is
pleased to announce the following appointments to the Executive Team to
complete the next phase of its strategic plan-transitioning to development and
production and listing on a senior US exchange.

Appointment of Tralisa Maraj as Chief Financial Officer

Tralisa Maraj has been appointed Chief Financial Officer ("CFO"), succeeding
Phil Patman.  Tralisa's appointment will be effective 14 July, 2025.

In her role as CFO, Tralisa will lead the Finance Team to complete the
transformation of Pantheon from a pre-revenue AIM listed enterprise to a
material Alaska North Slope producer listed on a senior U.S. exchange.  She
brings with her more than 25 years of experience, including having previously
been the CFO of two publicly listed companies.

Tralisa's career began at Price Waterhouse Coopers in Trinidad.  Having
established herself as a Finance Executive, she became corporate controller at
Remora Oil and Gas, followed by her appointment as CFO for Canadian listed CGX
Energy, and most recently, as CFO of the US listed LiveWire Group Inc.

Tralisa is a chartered accountant (UK) and licensed CPA in Texas.

Appointment of Erich Krumanocker as Chief Development Officer

Erich Krumanocker has been appointed Chief Development Officer ("CDO"),
succeeding Bob Rosenthal, to spearhead the Company's subsurface technical
leadership. Bob has indicated his desire to step down from the Board of
Directors and retire from the Company at the conclusion of the Company's
upcoming board meeting on 13 June, 2025.

In his role as CDO, Erich will manage the transition of projects from
exploration and appraisal through to development and production.  Erich
brings with him over 25 years of global experience in driving development,
operations and project execution at scale across multiple continents.

Erich's career originated as a Petroleum Engineer with BP plc on the North
Slope of Alaska, with  vast experience in the North Sea, Azerbaijan and the
U.S., with his BP career culminating as a VP of Production and Operations.
Erich joins Pantheon most recently from Microsoft, where he served as a
Partner leading digital transformation across the manufacturing and energy
sectors.

Max Easley, Chief Executive Officer, commented: "We are delighted to
welcome Tralisa and Erich to the Pantheon Executive Team. They will be key
in enacting our pivot from a world class exploration and appraisal team to an
equally successful development and operations team. Pantheon will benefit from
a combined 50 years of international experience between the two. I also want
to thank Phil Patman for his efforts in delivering a strong financial platform
for growth through this transition and an ultimate US listing."

David Hobbs, Pantheon's Chairman, added: "I would like to add my welcome to
Tralisa and Erich. In addition, I also want to express my personal gratitude
to Bob Rosenthal, who has been a key member of the leadership of the Company.
He was a founder of Pantheon some 20 years ago, then became a founder of Great
Bear a few years later. Bob returned to Pantheon 7 years ago to help with the
acquisition of Great Bear and then lead the technical team through the journey
of discovering and appraising the Ahpun and Kodiak fields to demonstrate the
potential for resources that are now independently certified at some 1.6
billion barrels of ANS Crude and 6.6 tcf of natural gas. His leadership has
helped position the Company to be a significant part of Alaska's energy
future."

Further information on these appointments:

As part of these appointments, and to align with other executives and the
wider interests of shareholders, the new executives will receive the
following:

·      One-off grant of 375,000 Restricted Stock Units under the
Employee Share Ownership Plan ("ESOP") announced in October 2024, vesting
over three years

·      750,000 options with various time-based and operational vesting
criteria

·      Be eligible for ongoing standard senior executive grants under
the ESOP

The Company expects to grant these awards as soon as administratively and
regulatorily practicable. An additional announcement, including further
details of their terms, will be made once they are awarded.

As is common with US based businesses, it is not anticipated that the CFO or
CDO role will be a Board position.

The following details in relation to the appointment of Tralisa Maraj are
disclosed in accordance with AIM Rule 17 and Schedule 2(g) of the AIM Rules:

Tralisa Sita Maraj (aged 50) has held the following directorships and/or
partnerships in the past five years:

 Current directorships or partnerships                Previous directorships or partnerships
 Aliana Consulting LLC                                CGX Energy Management Corp.

 All About the Pups.Org                               CGX Resources Inc.

 Blade MJ LLC                                         GCIE Holdings Ltd

 Cyber App Solutions Corp (trading as Proton Green)   Grand Canal Industrial Estates Inc.

 LiveWire EV LLC                                      ON Energy Inc.

 LiveWire France SAS

 LiveWire Germany GMBH

 LiveWire Motorcycles Canada Inc

 LiveWire Netherlands BV

 LiveWire Switzerland GmbH

 LiveWire UK Ltd

 StaCyc LLC

 Stratovate Ventures & Solutions Group LLC

 The Rusty Hook Galveston LLC

 TMJ Realty Group LLC

 

There is no further information to be disclosed in relation to the appointment
of Tralisa Maraj pursuant to AIM Rule 17 or Schedule Two, paragraph (g)
(i)-(viii) of the AIM Rules for Companies.

-ENDS-

 

For further information, please contact:

UK Corporate and Investor Relations Contact
Pantheon Resources plc

Justin Hondris

+44 20 7484 5361
contact@pantheonresources.com
(https://polaris.brighterir.com/public/pantheon_resources/news/rns/story/about%3Ablank)

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

USA Investor Relations Contact

MZ Group

Lucas Zimmerman, Ian Scargill

+1 949 259 4987
PTHRF@mzgroup.us
(https://polaris.brighterir.com/public/pantheon_resources/news/rns/story/about%3Ablank)

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 (Alaska Gasline Development Corporation) provides the
potential for Pantheon's natural gas to be produced into the proposed 807 mile
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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