As advised previously, in light of the emerging threat of Covid-19, the formal business of the AGM and shareholder presentation will be separated into two distinct events:
· The formal AGM to consider and vote upon the various resolutions set out in the notice of meeting will go ahead as planned in London on Friday 20th March, 2020 at 3.30 pm GMT. In light of recent government guidance to minimise non-essential human interaction, and as suggested in the RNS dated 13th March, Pantheon has encouraged shareholders to consider voting on the resolutions by completing and submitting a proxy form, rather than attending the AGM in person. There will not be a shareholder presentation as part of the AGM and the Company will be represented by 2 Company personnel only. As outlined below, the shareholder presentation will be held via Webinar as a separate event on Monday, 23rd March 2020.
· The investor presentation will take place on Monday 23rd March 2020 at 5pm GMT via a Webinar or conference call and is open to both existing shareholders and any interested parties. Please note the change in time for the Webinar. The starting time was amended to allow better access to the presentation for all stakeholders after the London Stock Exchange has finished trading for the day. We encourage as many shareholders as possible to access the Webinar by logging on at 5 pm on Monday, 23rd March. A link to the Webinar presentation will be available on the Company website as soon as practicable after completion of the Webinar.
All shareholders and other interested parties looking to take part in the presentation will be able to access the Webinar shortly before 5 pm, 23rd March via the link below:
Please could attendees use the latest version of Chrome, Safari or Firefox for the best experience.
Alternatively, you can download the IOS application for Big Marker or dial into the USA or UK number using the following details:
Webinar ID: 1a32c3d5b3ce
Dial: USA (312) 248-9348
Dial: UK (0)1793 250421
Attendee Dial-in ID Number: 616708
Attendee Dial-in Passcode: 9527
Pantheon management will be answering shareholder questions at the end of the presentation. If you would like to submit a question in advance, please email: firstname.lastname@example.org by the close of business on Friday, 20th March. Please note, shareholders will not be able to verbally ask live questions during the Webinar, although the email address will be monitored for questions that arise.
Annual General Meeting
Notwithstanding Covid-19 related travel precautions and noting that there will be no shareholder presentation given at the AGM itself, the completion and return of a form of proxy does not preclude a member from attending in person at the meeting and voting should the member wish to do so. In order that any proxy votes of those members who choose to not attend and vote in person are fully reflected in the voting on the resolutions, the Chairman will direct that voting on all resolutions set out in the notice of meeting will take place by way of a poll. Under the Company’s Articles, votes on a poll may be given personally, by a corporate representative or by Proxy. Every shareholder who is present in person or by a corporate representative or by Proxy shall have one vote for each share held by them. To repeat, and in the light of government advice, only London based officers of Pantheon will attend the AGM in person. International based directors nor its advisers will be in attendance to keep personnel movement to a minimum.
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.
On the North Slope of Alaska, Pantheon holds working interests of 90% and 100% in projects covering c.200,000 gross acres & covered by c.1,000 square miles of 3D seismic. In January 2020 the Company received an Independent Expert Report certifying a Contingent Resource of 76.5MMBO (million barrels of oil) on its Greater Alkaid project.
In East Texas, Pantheon has working interests 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.
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