Pantheon Resources PLC Invitation to Alaskan Project Update and Q&A
12 Septiembre 2019 - 06:32AM
RNS Non-Regulatory
TIDMPANR
Pantheon Resources PLC
12 September 2019
12 September 2019
Pantheon Resources plc
Invitation to Pantheon Resources Alaskan Project Update and
Q&A
Pantheon Resources Plc ("Pantheon" or "the Company") would like
to invite shareholders and any interested parties to a
presentation, followed by a question and answer session to be held
from 10.00 to 11.30am on 24 September 2019 at the offices of Bryan
Cave Leighton Paisner (BCLP), Adelaide House, London Bridge,
London, EC4R 9HA.
The Company presentation will be made by Bob Rosenthal,
Technical Director & Chief Geologist and Justin Hondris,
Director, Finance and Corporate Development.
A copy of the presentation will be made available on the Company
website following the event.
Jay Cheatham, CEO, stated:
"The Company has made exceptional progress since the AGM in
January. The Alaskan Project Update presentation will show clear
evidence of this progress by sharing the Company's enhanced
understanding of the geological potential of our Alaskan
assets.
"The Company has received multiple expressions of interest from
highly qualified parties to engage in the dataroom process, which
is now under way. Bob Rosenthal will be in London for a few days
later this month as part of the farm out process which also serves
as an opportune time to brief shareholders on the significant
progress made in Alaska since the Great Bear acquisition was
finalised and the Alkaid discovery well successfully flow-tested. I
encourage shareholders to attend if their diary permits."
-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
Blytheweigh (PR)
Tim Blythe
Julia Tilley +44 20 7138 3204
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.
In East Texas, Pantheon holds a 50% to 75% working interest
("WI") 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.
In Alaska, following its acquisition of the assets of Great Bear
Petroleum in January 2019, Pantheon holds working interests ranging
between 75% and 90% of prospects covered by circa 1,000 square
miles of 3D seismic which have a potential P50 Technically
Recoverable Resources (gross) estimated at over 1.2 billion barrels
of oil.
For further information on Pantheon Resources plc, see the
website at: www.pantheonresources.com
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END
NRACKBDNDBKDKCD
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