Pantheon Resources PLC Investor Presentation Webinar
September 08 2023 - 2:20AM
RNS Non-Regulatory
TIDMPANR
Pantheon Resources PLC
08 September 2023
8 September, 2023
Pantheon Resources Plc
Investor Presentation Webinar via Investor Meet Company
Pantheon Resources plc ("Pantheon" or the "Company"), is pleased
to announce that it has scheduled a webinar to provide a live
presentation relating to the Kodiak Field via Investor Meet Company
on 14th Sep 2023 at 5:00pm BST.
The presentation is open to all existing and potential
shareholders. Questions can be submitted pre-event via your
Investor Meet Company dashboard up until 9am the day before the
meeting or at any time during the live presentation.
Investors can sign up to Investor Meet Company for free and add
to meet Pantheon Resources plc via:
https://www.investormeetcompany.com/pantheon-resources-plc/register-investor
Investors who already follow Pantheon Resources plc on the
Investor Meet Company platform will automatically be invited.
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:
Pantheon Resources plc
Jay Cheatham, CEO
David Hobbs, Executive Chairman +44 20 7484 5361
Justin Hondris, Director, Finance and Corporate
Development
Canaccord Genuity L imited (Nominated Adviser
and broker)
Henry Fitzgerald-O'Connor, Gordon Hamilton +44 20 7523 8000
BlytheRay
Tim Blythe, Megan Ray, Matthew Bowld +44 20 7138 3204
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 193,000 acres. Management estimates these
fields to produce Expected Ultimate Recovery of contingent
resources amounting to some 2 billion barrels of marketable liquids
to be delivered through the 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
preparation of an Independent Expert Report for the Ahpun
Field.
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END
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