Last checked at 8 Sep 2023 08:20
8 September, 2023
Pantheon Resources Plc
Investor Presentation Webinar via Investor Meet Company
Pantheon Resources plc ("Pantheon" or the "Company"), is pleased to announce that it has scheduled a webinar to provide a live presentation relating to the Kodiak Field via Investor Meet Company on 14th Sep 2023 at 5:00pm BST.
The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.
Investors can sign up to Investor Meet Company for free and add to meet Pantheon Resources plc via:
https://www.investormeetcompany.com/pantheon-resources-plc/register-investor
Investors who already follow Pantheon Resources plc on the Investor Meet Company platform will automatically be invited.
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.
-Ends-
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. Management estimates these fields to produce Expected Ultimate Recovery of contingent resources amounting to some 2 billion barrels of marketable liquids to be delivered through the 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 preparation of an Independent Expert Report for the Ahpun Field.