RE: News flow5 Sep 2024 22:02
“We are delighted to have the opportunity to create a win/win for the State of Alaska and for Pantheon as we turn the fantastic exploration an appraisal success of the past five years into the development of two giant oil and gas fields on Alaska’s North Slope,” says Pantheon Executive Chairman David Hobbs. “When we set out our strategy to achieve early production and cashflow on the path to financial self-sufficiency, we considered gas monetization (as a path to non-dilutive funding) only one of several possibilities. However, the availability of our pipeline-quality associated gas created the opportunity to bolster the Alaska LNG project, including the pipeline, LNG export facilities, and gas conditioning facilities.”