Last checked at 11 Mar 2019 07:00
11 March 2019
Pantheon Resources plc
Appointment of Technical Director
Pantheon Resources plc ("Pantheon" or "the Company"), the AIM-quoted oil and gas exploration company with working interests in several conventional project areas in Tyler and Polk Counties, onshore East Texas, as well as onshore North Slope of Alaska following its January 2019 acquisition of the assets of Great Bear Petroleum, is pleased to announce the appointment of Mr Robert (Bob) Rosenthal as Technical Director of Pantheon with immediate effect.
Mr. Rosenthal, 66, has over 40 years' experience in the oil and gas industry globally as an Exploration Geologist and Geophysicist. He has held various senior exploration positions and spent a large part of his career at Exxon and at BP, where he gained key relevant regional experience in the geology of North Slope of Alaska and of Texas. Since 1999, Mr Rosenthal has run his own successful consulting business and has led the exploration efforts of a number of private and public companies.
Mr. Rosenthal graduated from the University of Southern California in 1974 with a B.Sc. in Geology and in 1977 completed a M.Sc. in Geology and Geophysics from the same University.
Jay Cheatham, CEO of Pantheon Resources, said:
"We are delighted to announce that Bob will be joining the Board. Bob was a founder of Great Bear Petroleum and brings a wealth of industry and technical expertise that will be greatly benefit our projects in both North Slope of Alaska and in East Texas. I consider Bob to be a geologist of exceptional talent and I could not be happier to have him joining our team."
Further disclosures on Mr Rosenthal as required under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules are as follows. Robert John Rosenthal (age 66), has held the following directorships and/or partnerships in the past five years:
Current Directorships
· Director, Tri-Energy Resources
Previous directorships in the last five years
· Director, North American Oil & Gas Corporation
There is no further information to be disclosed in relation to Mr Rosenthal's appointment pursuant to AIM Rule 17 or paragraph (g) of Schedule Two of the AIM Rules for Companies.
-ENDS-
Further information:
Pantheon Resources plc | +44 20 7484 5361 |
Jay Cheatham, CEO |
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Justin Hondris, Director, Finance and Corporate Development |
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Arden Partners plc (Nominated Adviser and Broker) | +44 20 7614 5900 |
Paul Shackleton Daniel Gee-Summons |
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Notes to Editors
Pantheon Resources plc is an AIM listed Oil & Gas exploration and production company with assets in East Texas and on the North Slope of Alaska, onshore USA.
The Group's stated objective is to create material value for its stakeholders through oil exploration, appraisal and development activities in high impact, highly prospective assets, in the USA; a highly established region for energy production with infrastructure, skilled personnel and low sovereign risk. All operations are onshore USA, with drilling costs an order of magnitude below that of offshore wells.
In East Texas, Pantheon holds a 50% to 75% working interest (and in present discussions to increase this to 100% working interest for non-cash consideration) in several conventional prospects in Tyler & Polk Counties, in an area of abundant regional infrastructure, and in proximity to the prized Double A Wells Field. P50 Technically Recoverable Resources are estimated at 157 million barrels of oil equivalent.
In Alaska, following its acquisition of the assets of Great Bear Petroleum in January 2019, Pantheon holds working interests ranging between 10% and 90% of prospects with P50 Technically Recoverable Resources estimated at 2.1 million barrels of oil and covered by over 1,000 square miles of 3D seismic.
For further information on Pantheon Resources plc, see the website at: www.pantheonresources.com