Last checked at 20 Feb 2020 07:00
20 February, 2020
Pantheon Resources plc
Publication of Annual Results and resumption of trading
Pantheon Resources Plc ("Pantheon" or "the Company") advises that it will announce its audited annual results for the year ended 30 June 2019 on Tuesday, 25th February 2020, and the Annual Report will be sent to shareholders on Wednesday, 26thFebruary 2020. The Directors therefore expects that trading in the Company's securities will recommence from 0800hrs on Thursday, 27th February 2020. The Board appreciates shareholder patience and looks forward to publishing the Report and Accounts for what has been a transformational year for Pantheon.
-ENDS-
Further information:
Pantheon Resources plc | +44 20 7484 5361 |
Jay Cheatham, CEO | |
Justin Hondris, Director, Finance and Corporate Development
| |
Arden Partners plc (Nominated Adviser and broker) | +44 20 7614 5900 |
Paul Shackleton / Daniel Gee-Summons (Corporate Finance) Simon Johnson (Equity Sales) |
Blytheweigh +44 20 7138 3204
Tim Blythe, Megan Ray
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.
On the North Slope of Alaska, Pantheon holds working interests of 90% and 100% in projects covering c.200,000 gross acres & covered by c.1,000 square miles of 3D seismic. In January 2020 the Company received an Independent Expert Report certifying a Contingent Recoverable Resource of 76.5MMBO (million barrels of oil) on its Greater Alkaid project.
In East Texas, Pantheon has working interests 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. Pantheon has the ability for this working interest position to increase to 100% should the minority partner not be in a position to meet its pro rata share of future drilling and operating costs.
For further information on Pantheon Resources plc, see the website at: www.pantheonresources.com
The information contained within this RNS is considered to be inside information prior to its release. Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.