PANTHEON RESOURCES PLC

AGM Information • Mar 22, 2023

National Storage Mechanism | Additional information

RNS Number : 9174T

Pantheon Resources PLC

22 March 2023

22 March, 2023 

Pantheon Resources plc

Result of AGM

Pantheon Resources plc ("Pantheon" or "the Company"), the AIM-quoted oil and gas company with a 100% working interest in all of its oil projects spanning c. 153,000 acres adjacent and near to transportation and pipeline infrastructure on the Alaska North Slope, is pleased to announce that at the Annual General Meeting, reconvened today, all resolutions were duly passed. A breakdown of the votes are provided below:

Ordinary Resolutions	For	%	Against	%
1.   To receive and adopt the Company's annual accounts for the financial year ended 30 June 2022 together with the directors' reports and the auditors'' report on those accounts.	189,065,217	96.7	6,509,782	3.3
2.   To re-elect Robert Rosenthal as a director of the Company.	192,586,715	98.4	3,095,208	1.6
3.   To re-appoint PKF Littlejohn LLP as auditors and to authorise the directors to determine their remuneration.	186,584,077	95.4	9,079,314	4.6
4.   To authorise the directors to allot relevant securities pursuant to Section 551 of the Companies Act 2006.	184,620,133	94.4	10,962,352	5.6
Special Resolution
5.   To authorise the directors to allot equity securities pursuant to Section 570 of the Companies Act 2006.	152,201,723	77.9	43,201,074	22.1

The Board has noted that the votes cast against resolution 5 (22.1%) were slightly greater than 20% of those exercised in total by the Company's shareholders. The Board engages with shareholders on an ongoing basis and reflects carefully upon the feedback received. The Board will continue to engage with shareholders during the coming year.

-ENDS-

Further information, please contact:

Pantheon Resources plc	+44 20 7484 5361
Jay Cheatham, CEO
Justin Hondris, Director, Finance and Corporate Development
Canaccord Genuity Limited (Nominated Adviser and broker)
Henry Fitzgerald-O'Connor James Asensio 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 several large projects located on the North Slope of Alaska ("ANS"), onshore USA where it has a 100% working interest in 153,000 highly prospective acres with potential for multi billion barrels of oil recoverable. A major differentiator to other ANS projects is its close proximity to transport and pipeline infrastructure which offers a significant competitive advantage to Pantheon, allowing for materially lower capital costs and much quicker development times. 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 conventional 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 materially below that of offshore wells.

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END

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