PANTHEON RESOURCES PLC

Investor Presentation • Nov 15, 2023

National Storage Mechanism | Additional information

RNS Number : 5897T

Pantheon Resources PLC

15 November 2023

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.

-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. 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. 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NRAXELFFXFLEFBX