Pantheon Resources PLC Annual General Meeting (5306A)
January 23 2024 - 1:00AM
UK Regulatory
TIDMPANR
RNS Number : 5306A
Pantheon Resources PLC
23 January 2024
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 24(th)
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:
+44 20 7484
Pantheon Resources plc 5361
David Hobbs, Executive Chairman
Jay Cheatham, CEO
Justin Hondris, Director, Finance and Corporate
Development
Canaccord Genuity plc (Nominated Adviser +44 20 7523
and broker) 8000
Henry Fitzgerald-O'Connor
James Asensio
Ana Ercegovic
+44 20 7138
BlytheRay 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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END
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