Pantheon Resources PLC Annual General Meeting

RNS Number : 5885W

Pantheon Resources PLC

10 February 2025

 

10 February 2025

 

 

 

Pantheon Resources plc

Annual General Meeting

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, is pleased to confirm that its Annual General Meeting ("AGM") will be held on Wednesday 12^th March 2025 at 3:00 pm GMT at the offices of Simmons & Simmons, CityPoint, 1 Ropemaker St, City of London, London EC2Y 9SS.

The Company advises that the formal business of the AGM and shareholder presentation and Q&A will be held as one continuous event, which will be streamed through the Investor Meet Company platform from 3:00 pm GMT on 12^th March 2025. All shareholders and other interested parties are welcome to listen in. Registration details can be accessed at: https://www.investormeetcompany.com/pantheon-resources-plc/register-investor.

Questions can be submitted via the Investor Meet Company platform pre-event up until 9:00 am the day before the webinar or at any time during the live presentation.

Should any shareholders wish to attend the AGM in person, they will be able to remain at the venue for the entire duration.

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 [e-mail] where your questions will be responded to in a timely manner.

 

-ENDS-

 

For further information, please contact:

 

UK Corporate and Investor Relations Contact
Pantheon Resources plc

Justin Hondris
[phone]
[e-mail]

 

Nominated Adviser and Broker
Canaccord Genuity Limited
Henry Fitzgerald-O'Connor, James Asensio, Charlie Hammond
[phone]

 

Public Relations Contact
BlytheRay
Tim Blythe, Megan Ray, Matthew Bowld
[phone]

 

USA Investor Relations Contact
MZ Group

Lucas Zimmerman, Ian Scargill
[phone]
[e-mail]  

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. 

 

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