Pantheon Resources, Appointment of Independent Non-Executive Director

Pantheon Resources plc, an oil and gas company quoted on AIM with a 100% working interest in all its oil projects spanning approximately 153,000 acres on the Alaska North Slope (“ANS”), near to transportation and pipeline infrastructure, is delighted to announce the appointment of David Hobbs as an Independent Non-Executive Director, effective from 21 March 2023.

David, who graduated as a Petroleum Engineer from Imperial College in 1984, has extensive experience in the energy sector, including working as a drilling engineer at British Gas, and holding commercial and business development roles at Monument Oil & Gas and Hardy Oil and Gas, two UK listed independent E&P companies. Later, he served as Chief Energy Strategist at Cambridge Energy Research Associates (CERA), advising senior executives, Government officials, and Boards of Directors across the energy sector. David was also part of the leadership team responsible for establishing the King Abdullah Petroleum Studies and Research Center (KAPSARC) in Riyadh, Saudi Arabia. He currently holds the position of an adjunct professor at the University of Calgary.

Phillip Gobe, the Chairman of Pantheon Resources, expressed his delight at David’s appointment to the Board as an Independent Non-Executive Director. He praised David’s extensive career in energy strategy, with a successful track record in numerous jurisdictions. Phillip further added that David’s experience would be invaluable to the team as they work towards demonstrating the commerciality of their oil projects estimated to contain around 17.8 billion barrels of oil in place, as recently modelled by SLB Limited (formerly known as Schlumberger).

In response to his appointment, David Hobbs remarked that he has been following the Pantheon story for a few years and is thrilled to support the company in refining its strategy to extract maximum value from its established resource base for the benefit of shareholders.

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