Pantheon Resources plc to Present at the Oil and Gas Virtual Investor Conference October 19th
18 October 2023 - 5:00PM
Pantheon Resources plc (AIM:PANR, OTCQX:PTHRF),
the oil and gas company focused on Alaska’s North Slope, where it
has a 100% interest in its Kodiak and Aphun projects which have
over 1 billion barrels of independently certified contingent
resource, spanning 193,000 acres located immediately adjacent to
the Trans Alaskan Pipeline System, announces that David Hobbs,
Chairman, and Jay Cheatham, CEO, will present live at the Oil and
Gas Virtual Investor Conference, hosted by
VirtualInvestorConferences.com, on October 19th, 2023.
DATE: October 19th,
2023TIME: 12:00 – 12:30 PM
ETLINK: https://bit.ly/3r2hTVsAvailable
for 1x1 meetings: October 19-20 and October 23-24
This will be a live, interactive online event
where investors are invited to ask the company questions in
real-time. If attendees are not able to join the event live on the
day of the conference, an archived webcast will also be made
available after the event.
It is recommended that online investors
pre-register and run the online system check to expedite
participation and receive event updates.
Learn more about the event at
www.virtualinvestorconferences.com.
Recent Company Highlights
- Refocused Company strategy
announced in Q2 2023, in which the Company aims to demonstrate
sustainable market recognition of a value of 5-$10/bbl of
recoverable resources by end 2028 whilst minimising value dilution
to shareholders
- Receipt of Independent Expert
Report from Netherland, Sewell & Associates, confirming 2C
estimates of nearly 1 billion barrels of marketable liquids at the
Kodiak Project.
- Concluding a flow test following
deployment of revised frac design on Alkaid-2 re-entry
About Pantheon Resources
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.
About Virtual Investor
Conferences®Virtual Investor Conferences (VIC) is the
leading proprietary investor conference series that provides an
interactive forum for publicly traded companies to seamlessly
present directly to investors.
Providing a real-time investor engagement
solution, VIC is specifically designed to offer companies more
efficient investor access. Replicating the components of an
on-site investor conference, VIC offers companies enhanced
capabilities to connect with investors, schedule targeted
one-on-one meetings and enhance their presentations with dynamic
video content. Accelerating the next level of investor engagement,
Virtual Investor Conferences delivers leading investor
communications to a global network of retail and institutional
investors.
CONTACTS:
Pantheon Resources plc |
+44 20 7484 5361 |
David Hobbs, Executive ChairmanJay Cheatham, CEO |
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Justin Hondris, Director, Finance and Corporate Development |
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BlytheRay |
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Tim Blythe, Megan Ray, Matthew Bowld |
+44 20 7138 3204 |
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Virtual Investor Conferences John M. ViglottiSVP
Corporate Services, Investor AccessOTC Markets Group (212)
220-2221johnv@otcmarkets.com |
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