RE: RNS29 Oct 2024 07:20
David Hobbs, Executive Chairman of Pantheon Resources, commented: "Pantheon is now transitioning to an exciting new phase for the Company's development. With the step up in activity and the more solid underpinnings resulting from the independent validation of the resource base and development plans, it is the right time to accelerate Pantheon's marketing to USA stakeholders. Our near-term operational focus is progressing definition of our Ahpun project, including the soon to spud Megrez-1 well, to progress the regulatory approvals for field development. Our strategic target remains to achieve sustainable market recognition of $5-10/bbl for our discovered contingent recoverable resource of c. 1.6 billion barrels of marketable liquids by the end of 2028."
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