REG - Pantheon Resources - Pantheon Graduates to the OTCQX Best Market

Pantheon ResourcesAnnouncement

07/09/2022 14:45

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RNS Number : 6556Y  Pantheon Resources PLC  07 September 2022

07 September 2022

Pantheon Resources plc

Pantheon Resources Graduates to the OTCQX Best Market

Pantheon Resources plc ("Pantheon" or the "Company") (AIM: PANR) (OTCQX:
PTHRF), the oil and gas company with a 100% working interest in all of its oil
projects spanning c. 153,000 acres adjacent and near to transportation and
pipeline infrastructure on the Alaska North Slope ("ANS"), is pleased to
announce that it has qualified to trade on the OTCQX Best Market under the
ticker symbol of PTHRF. Pantheon has upgraded to OTCQX from the Pink Market.

The OTCQX is the highest market tier of OTC Markets and trading will enhance
the visibility and accessibility of the Company to U.S. investors. Pantheon's
ordinary shares will continue to trade on AIM under the symbol PANR.

Pantheon Resources Plc begins trading today on OTCQX under the symbol "PTHRF."
U.S. investors can find current financial disclosure and Real-Time Level 2
quotes for the Company on www.otcmarkets.com
(https://www.globenewswire.com/Tracker?data=RW63OvkaH7Dpra_NKJwAZhVX-_MTZpGXuDcWJbNYncOQFOcyHauTcmYPSP3AeTNpKvTVe6tH0o5OQpnMAj-IQ-IJj7DAv3SrIMEK7BT80DI5BKJiIdkb5BTb7NKRMFszhqoXcl0Uy00yuTL-hwZrC0zp44dEoLNlkjw2cykQ1xXlvpFe1PzMUFOQTFjsKHLGLfGHKTF_bUd41cTVW3b_hQ==)
.

 

Jay Cheatham, CEO of Pantheon Resources, commented, "I am pleased to announce
this achievement of Pantheon upgrading to OTCQX, the highest tier of OTC
Markets. This is an excellent opportunity for the Company to be able to
provide fully transparent trading to our U.S. investors in real time, and to
help further increase both accessibility and visibility to trade Pantheon
stock for U.S. investors at this key stage in our journey. Given 100% of our
oil and gas assets are located onshore USA, this is a logical step for our
Company."

- Ends -

 Further information:

 Pantheon Resources plc
 Jay Cheatham, CEO                                            +44 20 7484 5361
 Justin Hondris, Director, Finance and Corporate Development

 Canaccord Genuity plc (Nominated Adviser and broker)
 Henry Fitzgerald-O'Connor, James Asensio                     +44 20 7523 8000

 BlytheRay
 Tim Blythe, Megan Ray, Madeleine Gordon-Foxwell              +44 20 7138 3204

 

Notes to Editors

Pantheon Resources plc is an AIM listed Oil & Gas company focused on
several large projects located on the North Slope of Alaska ("ANS"), onshore
USA where it has a 100% working interest in 153,000 highly prospective acres
with potential for multi billion barrels of oil recoverable. A major
differentiator to other ANS projects is its close proximity to transport and
pipeline infrastructure which offers a significant competitive advantage to
Pantheon, allowing for materially lower capital costs and much quicker
development times. The Group's stated objective is to create material value
for its stakeholders through oil exploration, appraisal and development
activities in high impact, highly prospective conventional assets, in the USA;
a highly established region for energy production with infrastructure, skilled
personnel and low sovereign risk. All operations are onshore USA, with
drilling costs materially below that of offshore wells.

 

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