Pantheon Resources PLC Investor Presentation via Investor Meet Company
15 Novembro 2023 - 10:54AM
RNS Non-Regulatory
TIDMPANR
Pantheon Resources PLC
15 November 2023
15 November 2023
Pantheon Resources Plc
Investor Presentation via Investor Meet Company
Pantheon Resources plc ("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, confirms that as previously announced, David
Hobbs, Executive Chairman, and Jay Cheatham, CEO, will provide a
live update on the Company's Strategy and Operations via Investor
Meet Company on Tuesday 21st November 2023, at 5:00pm GMT.
The presentation is open to all existing and potential
shareholders. 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 meeting 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:
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. 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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November 15, 2023 08:54 ET (13:54 GMT)
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