Last checked at 15 Nov 2023 13:54
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.
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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 Limited (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.