Pantheon Resources plc is an AIM-listed Oil & Gas exploration and production focused on several large projects located on the North Slope of Alaska (“ANS”), onshore USA.
The Company’s flagship asset is Greater Alkaid, which sits underneath the Trans-Alaska Pipeline (TAPS) and adjacent to the Dalton Highway on the Alaska North Slope. An Independent Export Report published in January 2020 confirmed that Greater Alkaid has a Contingent Resource of 76.5 Million Barrels of Recoverable Oil.
A major differentiator to other ANS projects is its close proximity to transport and pipeline infrastructure. 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.
On the North Slope of Alaska, Pantheon holds working interests of 100% in projects spanning 160,000 acres covered by c.1,000 square miles of proprietary 3D seismic. The Company has received Independent Expert Reports certifying a Contingent Resource of 76.5MMBO (million barrels of oil) recoverable on its Greater Alkaid project and 302MMBO Prospective Resource at its Talitha project.
Information contained within this RNS is considered to be inside information prior to its announcement. For further information on Pantheon Resources plc, see the website at www.pantheonresources.com. The information contained within this RNS is considered to be inside information prior to its release. Neither the contents of the Company’s website nor the contents of any website accessible from hyperlinks on the Company’s website (or any other website) incorporated into, or forms part of, this announcement.
Presenters: Michael Duncan (COO), Jay Cheatham (CEO), Bob Rosenthal (Technical Director) and Justin Hondris (Finance Director)
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