26
November 2024
Pantheon Resources plc
Pantheon to Present at Sidoti Small-Cap Virtual Investor Conference
on 4 December 2024
Pantheon Resources plc (AIM:PANR, OTCQX: PTHRF)
("Pantheon" or the "Company"), an oil and gas
company developing the Kodiak and Ahpun oil fields in close
proximity to pipeline and transportation infrastructure on Alaska's
North Slope, announces that management has
been invited to present at the Sidoti Small-Cap Investor
Conference, being held between 4-5 December 2024.
Executive Chairman, David Hobbs, is
scheduled to host virtual one-on-one meetings with institutional
investors throughout the event, and will host a virtual
presentation as follows:
Sidoti Small-Cap
Conference
Date: Wednesday 4 December
2024
Time: 9:15 a.m. Eastern
Time
Webcast:
https://sidoti.zoom.us/webinar/register/WN_57BFClQKSCCbTwpbG-0Vvg
All interested media and investors
are invited to join this online presentation. Please join at least
five minutes before the start of the presentation to ensure timely
participation.
A live audio webcast and archive of
the presentation will be available using the webcast link above.
Registration is mandatory for conference participation. For more
information or to schedule a meeting with management, please
contact MZ Group at PTHRF@mzgroup.us.
For further information, please
contact:
Corporate
Contact
Pantheon Resources plc
+44 20 7484 5361
contact@pantheonresources.com
Nominated
Adviser and Broker
Canaccord Genuity Limited
Henry Fitzgerald-O'Connor, James Asensio, Charlie Hammond
+44 20 7523 8000
Public
Relations Contact
BlytheRay
Tim Blythe, Megan Ray, Matthew Bowld
+44 20 7138 3204
Investor
Relations Contact
MZ Group
Lucas Zimmerman, Ian Scargill
+1 949 259 4987
PTHRF@mzgroup.us
About Pantheon
Resources
Pantheon Resources plc is an AIM
listed Oil & Gas company focused on developing its 100% owned
Ahpun and Kodiak fields located on State of Alaska land on the
North Slope, onshore USA. Independently certified best estimate
contingent recoverable resources attributable to these projects
currently total c. 1.6 billion barrels of ANS crude and 6.6
Tcf (trillion cubic feet)
of associated natural gas. The Company owns 100%
working interest in c. 259,000 acres.
Pantheon's stated objective is to
demonstrate sustainable market recognition of a value of $5-$10/bbl
of recoverable resources by end 2028. This is based on bringing the
Ahpun field forward to FID and producing into the TAPS main oil
line (ANS crude) by the end of 2028. The Gas Sales Precedent
Agreement signed with AGDC provides the potential for Pantheon's
natural gas to be produced into the proposed 807mile pipeline from
the North Slope to Southcentral Alaska during 2029. Once the
Company achieves financial self-sufficiency, it will apply the
resultant cashflows to support the FID on the Kodiak field planned,
subject to regulatory approvals, targeted by the end of 2028 or
early 2029.
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 shorter development timeframes, materially lower
infrastructure costs and the ability to support the development
with a significantly lower pre-cashflow funding requirement than is
typical in Alaska. Furthermore, the low CO2 content of the
associated gas allows export into the planned natural gas pipeline
from the North Slope to Southcentral Alaska without significant
pre-treatment.
The Company's project portfolio has
been endorsed by world renowned experts. Netherland, Sewell &
Associates estimate a 2C contingent recoverable resource in the
Kodiak project that total 1,208 mmbbl (million barrels) of ANS crude and 5,396
bcf (billion cubic feet) of natural gas. Cawley Gillespie & Associates estimate 2C
contingent recoverable resources for Ahpun's western topset
horizons at 282 mmbbl of ANS crude and 803 bcf of natural gas. Lee
Keeling & Associates estimated possible reserves and 2C
contingent recoverable resources totalling 79 mmbbl of ANS crude
and 424 bcf natural gas.
For more information visit
www.pantheonresources.com.