Source - LSE Regulatory
RNS Number : 5306A
Pantheon Resources PLC
23 January 2024
 

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23 January 2024

Pantheon Resources plc

Annual General Meeting

 

Pantheon Resources plc (AIM: PANR) ("Pantheon" or "the Company"), the oil and gas company with a 100% working interest in the Kodiak and Ahpun projects, collectively spanning 193,000 contiguous acres in close proximity to pipeline and transportation infrastructure on Alaska's North Slope, is pleased to confirm that its Annual General Meeting ("AGM") will be held on Wednesday 24th January 2024 at 3:00pm GMT.

 

The AGM will be held at the offices of Shakespeare Martineau LLP, 6th Floor, 60 Gracechurch Street, London EC3V 0HR, on 24 January 2024 at 3:00 pm GMT.

 

The Company advises that the formal business of the AGM and shareholder presentation will be held as separate and individual events, with only the formal business set out in the notice of meeting being considered at the AGM. A shareholder presentation and Q&A webinar will take place on the same day at 3:30pm GMT, available to view live via Investor Meet Company (registration details below), to allow for attendance for shareholders located in all regions and countries.

 

Post AGM Investor Presentation Webinar

 

The shareholder presentation and Q&A will be held later that same day as a webinar, through the Investor Meet Company platform at 3:30pm GMT on 24 January 2024. Should any shareholders attend the AGM in person, they will be able to remain at the venue to attend the webinar.

 

All shareholders and other interested parties are welcome to take part. Registration details can be accessed at https://www.investormeetcompany.com/pantheon-resources-plc/register-investor.


Questions can be submitted pre-event up until 9am the day before the webinar or at any time during the live presentation.

For regulatory and compliance reasons, Pantheon will not engage on social media and any questions that investors or others may have outside of a scheduled webinar should be addressed to contact@pantheonresources.com where your questions will be responded to in a timely manner.

 

 

-ENDS-

 

Further information, please contact:

 

Pantheon Resources plc

+44 20 7484 5361

David Hobbs, Executive Chairman

Jay Cheatham, CEO


Justin Hondris, Director, Finance and Corporate Development






Canaccord Genuity plc (Nominated Adviser and broker)

+44 20 7523 8000

Henry Fitzgerald-O'Connor

James Asensio

Ana Ercegovic




BlytheRay 

+44 20 7138 3204

Tim Blythe

Megan Ray

Matthew Bowld


  

 

Notes to Editors

 

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 c. 193,000 acres. In December 2023, Pantheon was the successful bidder for an additional 66,240 acres with very significant resource potential, contiguous to the Ahpun and Kodiak projects. Following the issue of the new leases, which are expected to be formally awarded in summer 2024 upon payment of the balance of the application monies, the Company will have a 100% working interest in c. 259,000 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.  

 

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